Brief: $1.3bn Quorn IPO gets greenlight in Philippines
It will be the Philippines’ biggest-ever IPO – and it’s being driven by demand for alt-protein and instant noodles.
It will be the Philippines’ biggest-ever IPO – and it’s being driven by demand for alt-protein and instant noodles.
ADM chief global flavorist Marie Wright said the lab will serve “customers around the world looking to incorporate Asian flavors and preferences into their latest plant-based [products].”
AI must be applied not just to growing more of this crop or that crop, but to optimizing agriculture’s entire value chain, writes Joseph Byrum.
Carbon Neutral aims to help brands with carbon accounting and offsetting by providing a third-party certification and consumer-facing label.
With e-grocery adoption skyrocketing due to Covid-19, grocery delivery companies like UK-based Ocado are finding new reasons to seek out innovation.
Oatly expects to raise at least $100 million through its NASDAQ float, but may seek a further listing in Hong Kong depending on geopolitical and business considerations.
Danone subsidiary Nutricia North America, a specialized nutrition brand, also recently achieved Certified B Corp status.
Eat Just will sell its cell-cultured chicken meat via takeaway orders in Singapore thanks to a partnership with delivery app Foodpanda.
The actor is joining the alt-dairy startup’s new Sustainability & Health Advisory Council, which will provide guidance on “health and wellness and the environment.”
Biometric tech has become part of our everyday lives, whether we’re opening a bank account, crossing a border, or unlocking a phone – and it’s coming to our food, too.
The Green Island, New York-based startup launched its first product, a bacon analog called MyBacon, in November 2020.
The Singapore-based app claims to be the category leader for online food delivery, ride-hailing, and digital payments in Southeast Asia.
The USDA-backed startup produces vapor-releasing sachets that extend the life of fresh produce when it’s in transit from the farm.
AgFunder’s China 2021 AgriFood Investment Report reveals that funding for the sector rose 66% last year to reach $6 billion in total.
Some tech tidbits from around the week’s wider food-o-sphere to finish off your Friday.
The plant-based burger maker is reportedly planning to go public within the next 12 months, either via a traditional IPO listing or a SPAC merger.
New Zealand’s Scentian Bio is using insect olfactory receptors to detect volatile compounds – and it believes its tech could prove invaluable for the food industry.
Singapore-based Trax was Southeast Asia’s highest-funded agrifoodtech startup in 2019, according to AgFunder data.
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.
The company said the facility in Jiaxing will “significantly increase” the speed, scale, and sustainability of distributing its products across the region.
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International Fresh Produce Association launches year 3 of its produce accelerator