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.
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Tag: Industry Brief
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.”
Brief: Impossible Foods prepping to go public at $10bn valuation, sources say
April 9, 2021
The plant-based burger maker is reportedly planning to go public within the next 12 months, either via a traditional IPO listing or a SPAC merger.
Brief: Food delivery app Grab said to target US listing in biggest ever SPAC deal
April 7, 2021
The proposed deal would value Grab at around $35 billion and could complete as soon as this week, according to people familiar with the matter.
Brief: Indian food delivery app Swiggy hits $5bn valuation; raises $800m from Goldman, others
April 6, 2021
Swiggy also secured investment from sovereign wealth funds Qatar Investment Authority and Singapore’s GIC, according to an internal memo.
Brief: Food ordering app Glovo raises $528m from Delivery Hero, others
April 1, 2021
The Spanish ‘q-commerce’ app delivers takeout meals, groceries, and other items on demand to more than 10 million users across 20 European countries.
Brief: Deliveroo drops $3bn on debut as investors spooked by ESG, profitability concerns
April 1, 2021
The UK-based food delivery app saw its share price nosedive by as much as 30% during its first day of trading on the London Stock Exchange yesterday.
Brief: Chinese e-grocer Nice Tuan raises $750m in Alibaba, DST-led round
March 31, 2021
The app allows shoppers to form groups to collectively buy farm produce and other groceries in bulk at competitive prices.
Brief: Japanese company brings ‘world’s first genome-edited tomato’ to market
March 30, 2021
The Japanese government has affirmed its “determination” that Sanatech Seed’s new tomato will be regulated as a GE, rather than a GMO, product.
Brief: Plant-based house of brands Livekindly Collective nets $335m funding
March 29, 2021
The group will use the funding to expand in the US and China – and to “fuel acquisitions, key partnerships, and investments” in plant-based products.
Brief: US vertical farming group AeroFarms joins unicorn club, strikes SPAC deal to go public
March 26, 2021
The Newark-based company is set to merge with Spring Valley Acquisition Corp, raising as much as $357 million in gross proceeds at a $1.2 billion valuation.
Brief: Chinese dronemaker XAG raises $46m
March 17, 2021
This latest injection follows a $182 million round late last year which was co-led by Baidu Ventures and SoftBank Vision Fund II.
Brief: Alexandria REIT to form $313m agrifoodtech SPAC
March 12, 2021
The Pasadena-based SPAC will aim to acquire technologies and privately held businesses in the agritech and climate change mitigation sectors.
Brief: Infarm tops up Series C to $270m; moves into chilis, mushrooms & tomatoes
March 11, 2021
Infarm CEO Erez Galonska declined to comment on rumors that the startup has retained perennial IPO underwriter Goldman Sachs to help it raise more funds.
Brief: Temasek invests $500m into impact fund LeapFrog
March 10, 2021
LeapFrog primarily invests in African and Asian companies, with a focus on improving access to financial services and healthcare for low-income consumers.
Brief: BASF to launch 30+ sustainable ag R&D projects worth $9bn by 2030
March 5, 2021
The projects will complement BASF’s offerings in seeds, seed treatments, biological and chemical solutions, and digital services.
Brief: Farmers Edge completes $99m Toronto IPO, shares jump 18%
March 3, 2021
The Winnipeg-based precision ag company’s share price leapt by almost 18% in its first day of trading.
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