Data Snapshot: It’s still early days for ghost kitchen investment
A couple mega-deals of $100 million and over are responsible for the bulk of ghost kitchen investment from the last 12 months.
A couple mega-deals of $100 million and over are responsible for the bulk of ghost kitchen investment from the last 12 months.
Ghost kitchens operator from Uber founder Travis Kalanick, CloudKitchens, raised a whopping $850m in 2021, including backing from Microsoft.
Despite progress, six major fast food brands must do more to reduce water pollution and provide more transparency in their animal protein supply chains.
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.
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.
Cultivate Next will invest in early-stage restaurant tech that can enhance both guest and employee experiences.
The US restaurant chain has teamed up with Miso Robotics to pilot kitchen automation solution Chippy.
The Nairobi-based startup raised $1 million in pre-seed funding last year.
Hyphen’s robotic restaurant system replaces the traditional makeline setup popularized by Chipotle and other assembly line-style concepts.
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.
CEO Anthony Tan said the company will invest part of the proceeds into mapping tech in order to “deliver groceries more efficiently.”
The category continues to evolve as digital tools blur the lines between mealkits, virtual restaurants, and dark grocery stores.
The Singaporean salad chain sees digitalization, cloud kitchens, and plant-based proteins as the way to get there.
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.
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.
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.
The fast food retailer will work with the Science Based Targets initiative to adjust its current emissions-reduction strategy across its business.
The Jakarta-based company says it wants to become “the leader in creating delivery-first food and beverage brands in Southeast Asia.”
The Kenyan startup is hoping its inventory management app can digitalize supply chains and mitigate financing challenges for food businesses across Africa.
Zomato, which competes for the mantle of India’s top food delivery app with rival Swiggy, is reportedly valued at $12.2 billion post-IPO.
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