TenderCuts is the first consumer-focused investment by the VC arm of state-owned agricultural bank NABARD, the fund’s CEO Rajesh Ranjan tells AFN.
“We are excited to accelerate Seiyu’s digital transformation […] to become Japan’s leading omnichannel retailer,” said new CEO Tsuneo Okubo.
Grofers is reportedly targeting a ‘reverse merger’ that would value it at around $1 billion after negotiations with prospective buyers hit a dead end.
The fresh e-grocery retailer announced its $65m Series A led by General Atlantic this week, the biggest Series A round in Latin America for a decade.
Drizly, which hosts thousands of merchants across 1,400 US cities on its alcohol delivery marketplace, will be integrated into Uber Eats.
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.
The Changsha-based platform allows communities to band together to purchase fresh produce in bulk. But suppliers and supermarkets say the model’s stealing their business.
Pushing further into food e-commerce, Singapore-based Grab has opened its first ‘dark store’ as negotiations with Indonesian archrival Gojek gather pace.
It’s the fourth fundraise of 2020 for the Chinese startup, which allows end customers and businesses to team up and purchase produce in bulk from farmers.
The Bengaluru-based startup claims to be “the world’s largest fully integrated online brand in fresh fish and meat e-commerce.”
Ninjacart, which helps farms sell produce directly to restaurants and retailers, previously received investment from the pair in December last year.
Bunny Maicai is one of several ‘group-buying’ startups in China to have pulled in big bucks lately.
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%.
Food4All is using a $100k loan from the USDA’s Small Business Innovation Research program to help small and midsize farms tap into wholesale and institutional buyers.
It’s one of several online group-buying platforms for fresh produce in China that has raised major funding from investors in recent months.
The Suzhou-based startup allows customers to group-buy fresh produce directly from farmers by placing orders via WeChat or local stores.
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.
As meal kit companies struggle to secure customer loyalty and combat churn, online grocery is gaining traction. Could dedicated meal kits soon be extinct?
there are a few ways to interpret this $19.8 billion figure. Though it signals a 4.8% drop in funding and 15% decline in deal activity year-over-year, it also represents a staggering 250% growth in five years, and proves that the huge scale of investments in 2018 was no freak outlier.
evokeAG is the Asia Pacific’s largest agrifood tech event. Held in Melbourne on 18-19 February 2002, evokeAG brings together the industry’s brightest and boldest minds
Biological innovation is key to the economic & environmental sustainability of CEA