The UK-based food delivery app saw its share price nosedive by as much as 30% during its first day of trading on the London Stock Exchange yesterday.
The UK food delivery app also said it will pay its self-employed drivers IPO bonuses of up to $13,827 each.
The Indian food delivery unicorn is planning to go public in H1 2021.
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.
A digital hospitality management point of sale system managed to close an oversubscribed investment round despite the global backdrop perhaps bolstered by its food delivery-related offering as other startups offer other means to avoid human interaction in the restaurant space.
A busy week of fundings includes startups from the biologicals, cannabis, poultry, livestock monitoring, and food delivery sectors.
Agroptima and Agrosmart are the two non-US startups that raised funding, joining startups in the animal health, gene-editing, and food delivery subsectors.
Food delivery, processing and e-commerce fundings dominate this week’s Fundings-in-Brief.
Zesty, the online healthy food delivery service, will use the proceeds for expansion beyond San Francisco after attracting investment from Founders Fund and Index Ventures.
Hyphen is a foodservice platform designed to help restaurant owners, operators, and budding chefs move their businesses forward by putting their kitchen operations on autopilot.
Each month, AgFunder News publishes a column of the agrifood industry’s biggest leadership changes, layoffs and more.
S2G will provide funding for startups in capital-intensive, asset-oriented industries including agriculture, energy and oceans.
eGrocery is still the biggest subsegment in agrifoodtech investing, attracting a cool $5.1 billion in funding in 2022. But that pales in comparison to the jaw-dropping $19 billion raised by food ecommerce startups in 2021, according to AgFunder’s new global investment report.
Panelists at the AgFunder 2023 Global Report launch party discussed the challenges for alt protein and eGrocery, and why capital is swimming upstream.
Other people moves from the last month include a new chief marketing officer for Grabango and a new role for Upstream Ag’s founder.
Indian farmtech startups raised $1.5bn in the fiscal year ending March 31, 2022, which was around 30% of total funding but 60% of deal count.
From old timers with mega deals to up-and-comers just entering the space, here are the ghost kitchen startups leading the pack of a growing if somewhat controversial segment of the food industry.
Ghost kitchens operator from Uber founder Travis Kalanick, CloudKitchens, raised a whopping $850m in 2021, including backing from Microsoft.
F&A Next 2022 is taking place in Wageningen, the Netherlands, and online next week. AFN readers can get a discount on last-minute tickets.
It says revenue from its marketplace for new and used farm vehicles grew 7x over the past two years.
