Tag: egrocery

Nice Tuan nets another $80m amid China’s fresh food group-buying hype

July 29, 2020

It’s one of several online group-buying platforms for fresh produce in China that has raised major funding from investors in recent months.

Tencent, Goldman Sachs pump $495m into Chinese e-grocer MissFresh

July 23, 2020

MissFresh was the highest-funded agrifoodtech startup in China last year, raising $700 million in a debt round from a local government-linked fund, according to AgFunder research.

Dumpling raises $6.5m Series A for personalized eGrocery to give comfort to gig workers, wary online shoppers

June 30, 2020

Dumpling turns the traditional gig economy on its head by putting personal shoppers at the center of the platform and incentivizing good customer service.

Grab lays off 5% of workforce as Covid-19 continues to chill food-delivery providers

June 17, 2020

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.

Grab eyes Southeast Asia’s rural economy for post-pandemic growth

June 9, 2020

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.

Facebook and Paypal join Google, Tencent to back Indonesian food and payments giant Gojek

June 3, 2020

Facebook’s first investment in an Indonesian company has echoes of its $5.7 billion Jio deal in India earlier this year.

Q&A: Covid-19 has made us turn to local farmers, says head of Singapore’s top e-grocery site

June 1, 2020

E-commerce demand has skyrocketed, while local farmers and growers are picking up a lot of the slack in supply chains, says the man in charge of RedMart.

Agri-FoodTech in Europe boomed in 2019, with funding up 70% YoY. What’s in store for 2020?

May 21, 2020

European Agri-FoodTech startups raised $3.4 billion in funding in 2019 across 419 deals, a 70% year-over-year growth, according to new research from AgFunder in collaboration

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.

Covid-19 is accelerating inevitable food trends but which changes will stick?

April 29, 2020

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?

How Sweden’s Amazon is disrupting online food in the Nordics

April 29, 2020

Interesting things are happening in the Nordics. MatHem (literally “Food Home”), the market leader in online groceries in Sweden, has teamed up with a local financial colossus and industrial enfant terrible to re-draw the food map, writes Johan Jorgensen.

UPDATE: Bigbasket banks $60m bridge funding from Alibaba, others to meet Covid-19 demand

April 9, 2020

This latest investment comes as the e-grocer faces mounting demand for its delivery services from a locked-down India.

Korean cold chain pioneer Kurly raises a reported $150m – but says round remains open

April 8, 2020

The South Korean e-grocer claims to have introduced the first end-to-end e-commerce cold chain in the country, and almost trebled its registered users last year.

Indian e-grocery unicorn Bigbasket acquires rival DailyNinja as Covid-19 lockdown comes into force

March 27, 2020

The Bengaluru-based company is reported to have paid $20 million for the online milk-delivery specialist.

Is every day Cyber Monday now?

December 2, 2019

As US consumers show more interest in online offerings, retailers are upping their digital game this holiday season — including food retailers.

A $500m Question: What’s William the Conqueror’s Cousin Got to do with FoodTech?

July 18, 2019

A household name in the UK, the Grosvenor family can trace its ancestry back to William the Conqueror’s cousin and today Hugh Grosvenor, Duke of Westminster, is godfather to Prince George. No big deal then. But what’s the link to foodtech?

Agri-FoodTech News in Europe: $178m in Venture Funding this Week

June 27, 2019

Catch up on the latest funding activity for European foodtech and agtech startups.

Future Food: How Whole Foods’ Walter Robb Thinks About Food Tech and The Future of Grocery

May 1, 2019

In this second edition of Future Food, I chat to Robb about his food preferences, his contrarian views of the plant-based meat trend, the role of big data in food, and how the Amazon deal came about.

AI-Powered Digital Grocer Farmstead Raises $2.2m Series A in Mission to Finally Crack Perishable E-Commerce

December 13, 2018

Farmstead claims to be the nation’s first AI-powered digital grocer that sources and delivers fresh, local food from farm to fridge in 60 minutes.

China’s Tech Giants Drive $1.8bn Investment in Chinese AgriFood Startups – new report!

September 25, 2018

The fledgling startup industry looks different to other global markets with the vast majority of innovation and investment ($1.7 billion) taking place downstream; but China’s agrifood startup scene has something the US market does not.