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New Deal


Announced

Kiwi Pay to merge with Meal Temple.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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grocery delivery

Acquisition

Single Bidder

Cross Border

Merger

E-commerce

Private

Friendly

Cambodia

Majority

Pending

Synopsis

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Kiwi Pay, a Hong-Kong based fintech firm, agreed to merge with Meal Temple, a Cambodian food and grocery delivery startup. Financial terms were not disclosed. "KiwiPay and Meal Temple had very similar DNAs. Combined, we play with better control of the value chain, new roads to market, and optimized defensibilities. Both teams have provided pharaonic efforts to ensure a successful merger rhythmed by quarantines, lockdowns, and other challenges caused by the pandemic," Maxime Rosburger, Meal Temple Group CEO.

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