Brief: Deliveroo raises $180m in pre-IPO funding at $7bn valuation
The UK app said it’ll use the capital to grow its ‘dark kitchen’ network and grocery delivery business, confirming its IPO plans publicly for the first time.
The UK app said it’ll use the capital to grow its ‘dark kitchen’ network and grocery delivery business, confirming its IPO plans publicly for the first time.
The Montreal-based startup says it has designed its robots to ‘collaborate’ with human employees, rather than replace them completely.
The Singapore-based app expects GrabFood to hit breakeven by the end of 2021 – with or without prospective merger partner Gojek, which has reportedly opened talks with e-commerce giant Tokopedia.
Freshly’s subscription-based service will give Nestlé access to a “highly specialized consumer analytics platform and distribution network,” the Swiss company said.
Robinhood is going head to head with unicorns Gojek and Grab – but believes it can better serve “the small guys” who run most of kingdom’s restaurants.
The SoftBank CEO is “stepping up pressure” on Anthony Tan, co-founder and CEO at Singapore-based Grab, to work out a “ceasefire” with his counterparts at Gojek.
The Indian food delivery unicorn is planning to go public in H1 2021.
Delivery app Dunzo reported a tripling in demand amid the country’s continuing Covid-19 outbreak, while rival e-grocer BigBasket saw new customer numbers rise 84%.
As the restaurant industry turns to tech amid Covid-19, startups are landing investment – and have a unique opportunity to accelerate tech adoption.
Food delivery services are bigger than ever, as locked-down consumers turn to apps for meals and groceries. But the economic outlook for service providers remains tough.
The Singapore-based unicorn is extending its order-anything ‘super app’ platform to the region’s farmers, fishermen, and food traders to keep things ticking as Covid-19 continues.
Singapore Food Bowl is the new online program from GROW, the Asia-Pacific agrifoodtech accelerator by AgFunder. Applications close in 4 days – so hurry!
Facebook’s first investment in an Indonesian company has echoes of its $5.7 billion Jio deal in India earlier this year.
SoftBank was among the world’s most active investors in the agrifoodtech space last year, according to AgFunder research.
The Indonesian startup will use the funds to expand at home and farther afield, as it bets on tech to change F&B after Covid-19.
The Canadian icon will ramp up its expansion in China and improve its digital capabilities with a helping hand from the Shenzhen-based tech giant.
Uber is pulling out of the food delivery business in 7 countries to “reinvest… in priority markets.” Here are some clues as to where it should refocus.
The news cycle for the entire Covid-19 pandemic crisis has been awash with crises in the food industry, forcing various tech providers to step up to the challenge. But which will be left wanting when the virus eventually subsides?
The US coffee chain and Sequoia China will make “strategic co-investments” in emerging, tech-driven food and retail startups “created in China, for China.”
Although VC funding is in short order, Covid-19’s new challenges create new opportunities for some agrifood tech startups to shine.
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International Fresh Produce Association launches year 3 of its produce accelerator