Having overtaken e-commerce behemoth Alibaba on the active buyers front, Pinduoduo’s looking upstream at alt-protein and logistics tech, its sustainability head tells AFN.
The Series C round marks the first UAE investment out of SoftBank’s Vision Fund II.
It could file its prospectus – seeking to raise a reported $10 billion at a $60 billion valuation – as soon as next week.
It closed its Series B round just three months ago – but says it needed more money for its aggressive expansion plans.
Snack maker Stryve is set for a SPAC merger, while Israel’s Future Meat has unveiled what it says is the “world’s first industrial cultured meat facility.”
Eat Just raised $200 million in private funding back in March, with its GOOD Meat cell-culturing unit separately scoring $170 million in May.
Dingdong Maicai has slashed its IPO pricing by 74% following its Chinese e-grocery rival’s rough debut last Friday.
CEO Sriram on why she made the leap from full-time scientist to founder – and how she reconciles vegetarianism with being a cultured meat eater.
“We have absolutely no aversion to doing that, we just haven’t had the bandwidth,” he said.
Competitors Missfresh and Dingdong filed for New York IPOs earlier this month.
Morsels of the past week’s other agrifoodtech news from around the web, for your delectation.
The Montanan startup claims it can offer “superior unit economics” thanks to a “unique hybrid facility configuration” combining conventional greenhouses with vertical farming.
The San Jose-based startup aims to offer farmers an easy, cost-effective route to measuring soil carbon and participating in carbon credits markets.
The tech-enabled ‘grab n’ go’ restaurant was valued at $1.5 billion at the time of its last publicly announced funding round in September 2019.
NTU students will learn the science behind cell-cultured, plant-based, and fermented proteins, as well as the market opportunities and regulatory issues they present.
It’s building a “first of its kind” protein factory in the Netherlands with the aim of producing 1 million tonnes of mycoprotein annually by 2032.
The Tel Aviv-based startup plans to use the Series E funds to pursue M&A deals that will allow it to rapidly scale.
The hip hop mogul has invested in a number of agrifoodtech ventures, including Impossible Foods and Oatly.
The startup said the two products will be sold by restaurant partners at the same, or lower, price points as similar animal-derived menu items.
Glebe Farm owner Phillip Rayner said that “although Oatly are much bigger than us, we do not believe we have done anything wrong.”
Dishing the dirt on ag carbon credits