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.
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Tag: Industry Brief
Brief: Singapore’s NTU launches ‘first alt-protein university course’ in Asia Pacific
June 21, 2021
NTU students will learn the science behind cell-cultured, plant-based, and fermented proteins, as well as the market opportunities and regulatory issues they present.
Brief: Jay-Z fund backs plant-based NUGGS maker Simulate
June 18, 2021
The hip hop mogul has invested in a number of agrifoodtech ventures, including Impossible Foods and Oatly.
Brief: Indonesia’s Green Rebel unveils ‘Asia’s first’ plant-based whole cuts
June 16, 2021
The startup said the two products will be sold by restaurant partners at the same, or lower, price points as similar animal-derived menu items.
Brief: Flagship closes $3.4bn fund to build ‘bioplatform’ companies in ag, nutrition & health
June 14, 2021
Fund VII takes Flagship’s total assets under management to $14.1 billion.
Brief: Oatly sues UK farm over PureOaty plant-based milk brand
June 14, 2021
Glebe Farm owner Phillip Rayner said that “although Oatly are much bigger than us, we do not believe we have done anything wrong.”
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.
Brief: Meat giant JBS pays $11m bitcoin ransom to ‘Russia-linked’ cyberattackers
June 10, 2021
The world’s biggest meat packer said that “preliminary investigation results confirm that no company, customer, or employee data was compromised.”
Brief: Cargill CEO MacLennan says plant-based will ‘cannibalize’ its protein business
June 9, 2021
He also said that the agribusiness giant doesn’t expect China’s domestic livestock feed industry to become self-sufficient anytime soon.
Brief: Delhivery raises $277m in pre-IPO round
May 31, 2021
It started out as a last-mile food delivery app in 2011 before branching out to become a ‘full stack’ logistics and fulfillment platform.
Brief: EU drops plans to restrict marketing of plant-based dairy alternatives
May 26, 2021
Amendment 171 could have prevented brands from displaying allergen or climate information on packaging – or even from showing images of the product itself.
Brief: AquaBounty’s first commercial harvest of its GE salmon will happen this month
May 13, 2021
AquaBounty has encountered a number of challenges in its mission to commercialize its GE salmon including a labeling disclosure controversy.
Brief: Benson Hill to go public in $2bn SPAC merger
May 10, 2021
The deal involving the St Louis-based startup – which is developing gene-edited and selectively bred versions of crops used in alt-protein and animal feed production – is the latest in a string of recent agrifoodtech SPAC mergers.
Brief: Impossible Foods prevails in US federal court complaint over heme
May 6, 2021
The maker of plant-based ‘bleeding’ burgers said it applauds the court’s decision to “slap down [CFS] – an anti-science, anti-GMO activist group that’s been spreading lies for years.”
Brief: Uber doubles down on food & grocery offerings in profitability push
May 4, 2021
Uber is set to announce its Q1 results this week as it continues the hunt for profitability by focusing on its core businesses: transport and food delivery.
Brief: Indian food delivery app Zomato files for $1.1bn IPO
April 28, 2021
Zomato, which was founded in 2008, has raised a total of $2.1 billion to date from the likes of Ant Financial, Temasek, and Sequoia Capital.
Brief: $1.3bn Quorn IPO gets greenlight in Philippines
April 27, 2021
It will be the Philippines’ biggest-ever IPO – and it’s being driven by demand for alt-protein and instant noodles.
Brief: E-grocer Ocado invests $14m in autonomous vehicle startup Oxbotica
April 21, 2021
With e-grocery adoption skyrocketing due to Covid-19, grocery delivery companies like UK-based Ocado are finding new reasons to seek out innovation.
Oatly files for New York IPO, but sees China issues on horizon
April 21, 2021
Oatly expects to raise at least $100 million through its NASDAQ float, but may seek a further listing in Hong Kong depending on geopolitical and business considerations.
Brief: Perfect Day adds Leonardo DiCaprio as sustainability advisor
April 19, 2021
The actor is joining the alt-dairy startup’s new Sustainability & Health Advisory Council, which will provide guidance on “health and wellness and the environment.”
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I’m drowning in new food! Can someone please restructure me out of this mess?