2022’s 5 biggest foodtech deals
December 28, 2022
Food delivery, cultivated meat, and bio-energy startups across Asia, North America and Oceana landed agrifoodtech’s top five deals of 2022.
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Category: Restaurant and retail tech
Data snapshot: Thanks to Swiggy’s mega-deals, restaurant marketplaces lead India agrifoodtech funding
December 14, 2022
Led by Swiggy, Restaurant Marketplaces raised $1.95 billion in FY22, scooping up the most funding of any agrifoodtech category.
Brief: PepsiCo launches its own ghost kitchen service for restaurant partners
November 16, 2022
The ghost kitchen service is part of PepsiCo Foodservice Digital Lab, which helps restaurants start delivery-only formats, among other things.
Brief: TouchBistro raises $110m for its one-stop-shop restaurant management platform
November 1, 2022
The new funding will enable TouchBistro to expand its restaurant management platform into more restaurants, North America and beyond.
Robotics use growing “at breathtaking speed” as food & bev industry automation increases 25% – IFR report
October 17, 2022
The food and beverage industry in the US installed 25% more robots last year , according the International Federation of Robotics.
Meet the founder: How Doaa Abdel Hameed pivoted her food delivery startup to a “super-app”
October 7, 2022
Bonbell co-founder Doaa Abdel Hameed shares here thoughts on enhancing the hospitality industry, her company’s future, and supporting female founders.
BREAKING: Water pollution & supply chain transparency hamper fast food sustainability progress: FAIRR report
June 14, 2022
Despite progress, six major fast food brands must do more to reduce water pollution and provide more transparency in their animal protein supply chains.
How a little known restaurant tech provider TRAY beat 82 competitors to land IHOP
May 23, 2022
IHOP is updating its technology stack in the wake of Covid and labor shortages, picking TRAY after a competitive process with world-leading POS providers.
Pepsi, UT Austin join WRI’s Cool Food initiative for climate-friendly diets
April 26, 2022
Organizations that make the Cool Food Pledge aim to slash food-related emissions by 25% by 2030 by transitioning their customers to more eco-friendly diets.
Chipotle hopes new $50m fund will continue its ‘technological transformation’
April 21, 2022
Cultivate Next will invest in early-stage restaurant tech that can enhance both guest and employee experiences.
Brief: Chipotle trials kitchen automation with new tortilla chip-making robot Chippy
March 28, 2022
The US restaurant chain has teamed up with Miso Robotics to pilot kitchen automation solution Chippy.
Offering homestyle African cuisine, Kune is changing the face of Kenya’s food delivery sector
March 11, 2022
The Nairobi-based startup raised $1 million in pre-seed funding last year.
Hyphen raises $24m in Tiger-led Series A to automate restaurant makelines
February 16, 2022
Hyphen’s robotic restaurant system replaces the traditional makeline setup popularized by Chipotle and other assembly line-style concepts.
Vendease wants to be the Amazon for Nigeria’s food vendors
December 9, 2021
The Lagos-based startup is aiming to make the country’s food supply chain much more predictable for stakeholders by using data, drivers, and loans.
Brief: Food delivery app Grab raises $4.5bn following record-breaking SPAC deal
December 3, 2021
CEO Anthony Tan said the company will invest part of the proceeds into mapping tech in order to “deliver groceries more efficiently.”
Data Snapshot: Online Restaurant & Mealkit investment was a $326m variety pack in H1 2021
November 17, 2021
The category continues to evolve as digital tools blur the lines between mealkits, virtual restaurants, and dark grocery stores.
SaladStop aims to be ‘Asia’s leading personalized nutrition company’ after $8.9m raise
November 15, 2021
The Singaporean salad chain sees digitalization, cloud kitchens, and plant-based proteins as the way to get there.
Brief: DoorDash to buy food delivery counterpart Wolt for $8.1bn
November 10, 2021
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.
Bite Ninja raises $4m seed round. Here’s why AgFunder invested
November 5, 2021
The US startup brings work-from-home to the gig economy, giving drive-thru restaurants a virtual, on-demand workforce, writes AgFunder partner Manuel Gonzalez.
Data Snapshot: Investment in consumer-facing foodtech rebounds to $15bn in H1 2021
October 7, 2021
While investment in eGrocery services increased substantially, especially in China, the return of foot traffic to brick and mortar retailers and restaurants saw investment double in technologies servicing them.
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