Korean ‘smart farm’ startup GreenLabs targets global expansion following $140m mega-round
January 21, 2022
It will use the funding to launch into other countries through partnerships with local players.
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Tag: food e-commerce
Brief: Indian farmer-to-business platform WayCool bags $117m to build agrifoodtech conglomerate
January 17, 2022
The Chennai-based startup will use the Series D funds to expand into “aligned” categories including alt-protein, according to CEO Karthik Jayaraman.
Nigeria’s Grocedy is fighting food inflation with grocery subscriptions
December 23, 2021
E-grocery exploded during the Covid-19 pandemic. In Nigeria, Grocedy’s focus is on helping consumers save on rising food costs rather than shopping convenience.
Vendease wants to be the Amazon for Nigeria’s food vendors
December 9, 2021
The Lagos-based startup is aiming to make the country’s food supply chain much more predictable for stakeholders by using data, drivers, and loans.
Data Snapshot: Online Restaurant & Mealkit investment was a $326m variety pack in H1 2021
November 17, 2021
The category continues to evolve as digital tools blur the lines between mealkits, virtual restaurants, and dark grocery stores.
Farm produce marketplace Glife nets $8.1m funding, invests in F&B software platform
November 15, 2021
The Singapore-based startup plans to launch into neighboring Malaysia and Indonesia during Q1 2022.
Brief: Vietnam’s Tiki raises $258m in AIA-led round after e-grocery business grows 2,000%
November 12, 2021
The e-commerce platform — which is reportedly exploring an IPO in the US in 2022 or 2023 — said it recently reached 20 million registered users.
TreeDots nets $11m Series A funding for its food surplus marketplace
November 11, 2021
It leans on the community group-buying model popularized in China, allowing consumers to form teams in order to make bulk buys on its platform.
Brief: DoorDash to buy food delivery counterpart Wolt for $8.1bn
November 10, 2021
Wolt CEO Miki Kuusi will become head of DoorDash International, leading its global expansion efforts and reporting directly to the US company’s CEO Tony Xu.
Brief: Robo-delivery startup Nuro raises $600m from Google, Kroger
November 2, 2021
Nuro and Google will additionally “explore opportunities together to strengthen and transform local commerce,” the Californian startup said.
GrubMarket bags $145m from BlackRock, others; enters unicorn club
October 25, 2021
The US fresh produce platform will use the funds to “turbocharge our software and services growth and extend our e-commerce reach from coast to coast,” said CEO Mike Xu.
Onato scores seed funding to digitalize India’s fruit & veg supply chain
October 19, 2021
It links suppliers and buyers of fresh produce across the country, opening up more buy and sell opportunities while also facilitating timely payments.
Pasarnow scores $3.3m seed funding to upgrade Indonesia’s fresh food supply chain
September 8, 2021
The Jakarta-based startup is relying on micro-fulfillment, refrigeration, and last-mile, ‘in-time’ delivery – as well as its 1,000-plus farmer partners – to do it.
Brief: Amazon launches agronomy service for Indian farmers
September 3, 2021
The US tech giant also said it’s building “robust temperature-controlled supply chain infrastructure” to preserve food quality and reduce waste.
Brief: Pinduoduo reports first-ever profitable quarter; commits $1.5bn to ag development
August 27, 2021
The e-commerce company said it’ll re-invest its profits into a new ‘non-commercial’ initiative aimed at promoting agtech, digitalization, and rural development in China.
Brief: Zomato sees share price leap 70% on Indian market debut
July 23, 2021
Zomato, which competes for the mantle of India’s top food delivery app with rival Swiggy, is reportedly valued at $12.2 billion post-IPO.
Ag commodities platform Tridge scores $60m Series C funding
July 12, 2021
The South Korean startup will set up packing and warehousing facilities in 50 “strategic” countries while hiring to expand its engagement, fulfillment, and platform development teams.
After overtaking Alibaba, ag marketplace Pinduoduo is focusing on foodtech to hit profitability
July 5, 2021
Having overtaken e-commerce behemoth Alibaba on the active buyers front, Pinduoduo’s looking upstream at alt-protein and logistics tech, its sustainability head tells AFN.
Brief: ‘New retail’ salad chain Sweetgreen files for IPO
June 22, 2021
The tech-enabled ‘grab n’ go’ restaurant was valued at $1.5 billion at the time of its last publicly announced funding round in September 2019.
Brief: Chinese e-grocery giants Dingdong, Missfresh file for US IPOs
June 11, 2021
Both companies source fresh produce from farmers and agribusinesses and deliver it to consumers, who can order groceries through a mobile app.
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