Korean cold chain pioneer Kurly raises a reported $150m – but says round remains open
The South Korean e-grocer claims to have introduced the first end-to-end e-commerce cold chain in the country, and almost trebled its registered users last year.
The South Korean e-grocer claims to have introduced the first end-to-end e-commerce cold chain in the country, and almost trebled its registered users last year.
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.
Users can order health-conscious meals, groceries, and supplements through the Indian startup’s wellness marketplace.
South Korea’s Mirae Asset led the round, with existing backers including Hong Kong-based Horizons Ventures and Singapore sovereign fund Temasek joining in.
Venture capital investment across all industries dropped in 2019 — around 16%, according to the VenturePulse report — against a backdrop of global uncertainty related
It also announced some changes to its executive leadership with CEO Tom Laurita stepping down in what it described as a streamlined approach towards advancing commercialization.
Indigo says the new capital will support the continued global development of Indigo Grain Marketplace, as well as Indigo Carbon.
A cold chain logistics automation startup scored $31m in funding while an app-based ingredients ordering platform for restaurants raised $33.5m.
Indian cloud kitchen giant Rebel Foods has raised $125m in Series D funding from Goldman Sachs, Sequoia Capital, Gojek, and others.
Robotics startup Starship Technologies closed a $40 million venture round for its cooler-sized delivery robots but some cities are cracking down on autonomous robot testing amid consumer safety concerns.
Data management company Farmobile plans to use the new funding to help it expand its aggregation and data-for-profit services worldwide. For Ag Growth International, it could mean integrates more data-focused tech into its equipment offerings.
AeroFarms has now raised over $230 million in total but has been slow to expand, particularly overseas despite plans to do so.
Finding alternative uses for methane could be an important tool in the fight against climate change as the gas is responsible for at least a quarter of global warming and is over 80 times more powerful than carbon dioxide.
Europe’s agrifood tech ecosystem raised just 9% of the funding that went to foodtech and agtech startups globally in 2018. But deal activity increased 23% as agrifood tech startups in the region closed a similar number of deals as in the US.
Retail and restaurant tech is a category of agrifood tech startups encompassing technologies and services aimed at making retail food businesses more profitable as well
The pongamia tree is a protein powerhouse that far outclasses the globally dominant soybean: its yields can offer as much as 10 times the beans per acre as soy, according to TerViva, which closed funding today.
The new facility will be automated from seeding to growing to harvesting featuring handling robotics, artificial intelligence, data analytics, and around-the-clock monitoring sensors and control systems to optimize every aspect of growing produce indoors.
Postmates, a San Francisco-based logistics company that operates a network of couriers who deliver goods – mostly food — locally, has closed a pre-IPO $100
Ostara, a nutrient management solutions company, has closed a new round of equity financing co-led by existing investors VantagePoint Capital Partners and the food-focussed European family office Wheatsheaf Group.
The funds will be primarily used to advance Food-X Urban Delivery, SPUD’s shared e-commerce grocery delivery platform that allows multiple third-party retailer partners to provide grocery delivery to customers.
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International Fresh Produce Association launches year 3 of its produce accelerator