Chinese food tech VC Bits x Bites has created The China Food Tech Hub, a new model to foster cooperation between startups and corporations in collaboration with a multinational consortium of biotech firms, agricultural processors, flavor houses, consumer food companies.
With the largest population in the world and as one of the largest agricultural economies in the world, China represents a major opportunity for startups and investors alike.
Chinese agrifood startups raised $5.8 billion of investment across 283 deals with 318 participating investors during 2018, according to the 2018 China AgriFood Startup Investing Report released by AgFunder in collaboration with Chinese food tech VC Bits x Bites.
Ninjacart, an Indian agritech startup that connects farmers to retailers, has raised Rs625 Cr ($89.5m) from New York-based hedge fund Tiger Global, taking its valuation to $320 million, according to the Economic Times.
Over a quarter of the world population eat food each day that’s been through Bühler equipment in some shape or form. And in some food segments, the market share is even higher with 65% of the world’s grain processed through Bühler products.
A number of Indian agritech startups are making headlines with their transformative technologies, but the Zero Budget Natural Farming (ZBNF) project in the southern Indian province of Andhra Pradesh is also making waves in the once-ignored industry.
We caught up with Eri Hayashi, director of International Relations & Consulting of the Japan Plant Factory Association (JPFA), a non-profit organization devoted to academic and business advancements in Japan's indoor ag industry.
Agtech entrepreneurs may not have the sharpest, most polished pitches, but you can be sure that they're not over-hyping their businesses, according to Frank Meehan, cofounder and partner of SparkLabs Global Ventures and Asia's leading startup accelerator program.