
Data snapshot: 10 years of restaurant tech funding shows the rise and fall of food delivery
Food delivery is not the only restaurant tech category out there, but it’s been the most prominent over the last decade.
Food delivery is not the only restaurant tech category out there, but it’s been the most prominent over the last decade.
In contrast to global investment trends, Latin America’s eGrocery startups continued to garner the most capital in 2022.
Plus: Multus Biotechnology secures Series A funding, Danone announces plans to reduce methane and Nest’s co-founder launches a circular economy trash bin.
The former VP of Grocery at Whole Foods shared many challenges with us about the current food system, but in this special mini-episode, we share parts of the conversation about short-termism, corporate oligopolies, and the concentration of ownership. And explore what’s possible with his idea about food delivery.
In agtech, produce quality control platform Clarifruit raised $12 million while more layoffs struck the food delivery sector.
Bonbell co-founder Doaa Abdel Hameed shares here thoughts on enhancing the hospitality industry, her company’s future, and supporting female founders.
Cloud kitchens continue to rake in the funds; agtech investors swarm around insect protein startups.
The Nairobi-based startup raised $1 million in pre-seed funding last year.
Three of the biggest funding rounds announced in the last week involved on-demand food and grocery delivery startups from various countries.
CEO Anthony Tan said the company will invest part of the proceeds into mapping tech in order to “deliver groceries more efficiently.”
Wolt CEO Miki Kuusi will become head of DoorDash International, leading its global expansion efforts and reporting directly to the US company’s CEO Tony Xu.
Zomato, which was founded in 2008, has raised a total of $2.1 billion to date from the likes of Ant Financial, Temasek, and Sequoia Capital.
The proposed deal would value Grab at around $35 billion and could complete as soon as this week, according to people familiar with the matter.
Swiggy also secured investment from sovereign wealth funds Qatar Investment Authority and Singapore’s GIC, according to an internal memo.
The Singapore-based app expects GrabFood to hit breakeven by the end of 2021 – with or without prospective merger partner Gojek, which has reportedly opened talks with e-commerce giant Tokopedia.
It’s developing robots with force control that can mimic human dexterity to tackle complex but repetitive tasks in agriculture, foodservice, and logistics.
Robinhood is going head to head with unicorns Gojek and Grab – but believes it can better serve “the small guys” who run most of kingdom’s restaurants.
The SoftBank CEO is “stepping up pressure” on Anthony Tan, co-founder and CEO at Singapore-based Grab, to work out a “ceasefire” with his counterparts at Gojek.
PuduTech and Meituan Dianping will collaborate on robotics and catering digitization, and explore opportunities in “localized lifestyle services.”
Swiggy will use the capital to expand beyond its core offering of on-demand food delivery, while Alibaba-aligned archrival Zomato is also securing funds.