Data Snapshot: It’s still early days for ghost kitchen investment
September 14, 2022
A couple mega-deals of $100 million and over are responsible for the bulk of ghost kitchen investment from the last 12 months.
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Tag: cloud retail infrastructure
Data Snapshot: Ghost kitchens lead $4.8bn in Cloud Retail Infrastructure funding; robotic fulfillment faces layoffs
September 7, 2022
Ghost kitchens operator from Uber founder Travis Kalanick, CloudKitchens, raised a whopping $850m in 2021, including backing from Microsoft.
Data Snapshot: Downstream investment in European agrifoodtech overtakes upstream — for now
June 22, 2022
Upstream and downstream investment in Europe agrifoodtech were almost on par with one another last year, though upstream closed more deals.
Data Snapshot: Consumer facing foodtech grew 124% in 2021, but upstream saw more deals
April 13, 2022
Consumer-facing downstrream technologies bagged $32 billion in VC investment in 2021; the bulk of it was thanks to a few big eGrocery deals.
Brief: Walmart robot provider Symbotic announces $5.5bn SoftBank SPAC
December 14, 2021
Symbotic said it’ll use the proceeds to “accelerate its growth plans” and “efficiently deliver on its contracted backlog.”
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.”
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.
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.
Are restaurants ready to deploy delivery robots? Following $36m funding, Coco says yes
September 13, 2021
It distinguishes itself from other robo-delivery startups by relying on remote drivers instead of automation to pilot its robots through the streets.
Brief: Deliveroo confirms London for IPO; sets aside $69m shares for users, $22m for drivers
March 8, 2021
The UK food delivery app also said it will pay its self-employed drivers IPO bonuses of up to $13,827 each.
Brief: Wolt raises $530m to grow on-demand delivery ‘beyond the restaurant’
January 28, 2021
Like many of its peers, the Finnish food delivery app has diversified into groceries and other goods during the Covid-19 pandemic.
Grab makes major e-grocery move with first ‘dark store’ as merger talks continue
December 3, 2020
Pushing further into food e-commerce, Singapore-based Grab has opened its first ‘dark store’ as negotiations with Indonesian archrival Gojek gather pace.
Ocado spends $287m in retail robotics double-swoop
November 3, 2020
The UK firm is buying two US startups, with CEO Tim Steiner seeing “significant opportunities” in robotic manipulation solutions for online retail and logistics.
Thailand’s biggest bank launches food delivery app with $14.4m funding
November 2, 2020
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.
Last mile delivery startup Onfleet raises $14m to meet Covid-19 demand surge
October 30, 2020
The San Francisco startup has onboarded 300 new businesses during the pandemic as food retailers scramble to offer consumers new e-commerce options.
Indonesia’s GudangAda raises $25m at Series A with $100m in monthly food & ag transactions
May 5, 2020
Sequoia Capital and Alpha JWC Ventures co-led the round, which brings the B2B marketplace’s total funding to $36 million in just 15 months.
Uber Eats beats a retreat in Europe, Americas, and Middle East
May 5, 2020
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.
Gojek acquires mPOS startup Moka for a reported $120m to boost its food merchant platform
April 20, 2020
Moka, a Jakarta-based startup offering POS software for food merchants, could help the on-demand ‘super app’ build out its service offering to restaurants.
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I’m drowning in new food! Can someone please restructure me out of this mess?