Digitizing the supply chain drove investment increase in African agrifoodtech in 2022
April 19, 2023
All continents except Africa recorded an over 30% decline in agrifoodtech investments in 2022.
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Tag: retail tech
New year, new people moves: Zomato, Sweetgreen executives out, AppHarvest taps CEA vet for COO
January 6, 2023
Other people moves from the last month include a new chief marketing officer for Grabango and a new role for Upstream Ag’s founder.
Data snapshot: The downturn is testing the value of In-Store Retail & Restaurant Tech
August 24, 2022
Some of last year’s top startups for In-Store Retail & Restaurant Tech are struggling to stay relevant in the current tech downturn.
Q&A: Ignatius Akpabio on TradeDepot’s $110m raise & Africa’s e-commerce surge
February 4, 2022
Fresh off its $110 million funding round, Nigeria’s TradeDepot is pushing the boundaries of digitalization and financing for Africa’s small food businesses and retailers.
Brief: Walmart robot provider Symbotic announces $5.5bn SoftBank SPAC
December 14, 2021
Symbotic said it’ll use the proceeds to “accelerate its growth plans” and “efficiently deliver on its contracted backlog.”
Brief: Food delivery app Grab raises $4.5bn following record-breaking SPAC deal
December 3, 2021
CEO Anthony Tan said the company will invest part of the proceeds into mapping tech in order to “deliver groceries more efficiently.”
Spoiler Alert raises $11m to help CPGs sell surplus inventory & cut food waste
December 1, 2021
The Series A round led by Collaborative Fund will allow the Boston-based startup to enhance its ‘liquidation platform’ that helps CPG brands reduce food waste.
Trax secures $640m from SoftBank, BlackRock for retail robotics & analytics
April 8, 2021
Singapore-based Trax was Southeast Asia’s highest-funded agrifoodtech startup in 2019, according to AgFunder data.
Smartway snags $12m to reduce food loss, boost profits for supermarkets
April 7, 2021
The French startup uses AI to help supermarkets identify items near expiration and determine whether they should be discounted or donated to charity.
Ocado spends $287m in retail robotics double-swoop
November 3, 2020
The UK firm is buying two US startups, with CEO Tim Steiner seeing “significant opportunities” in robotic manipulation solutions for online retail and logistics.
Last mile delivery startup Onfleet raises $14m to meet Covid-19 demand surge
October 30, 2020
The San Francisco startup has onboarded 300 new businesses during the pandemic as food retailers scramble to offer consumers new e-commerce options.
Alibaba pays $3.6bn to acquire hypermarket chain in tech-driven ‘new retail’ push
October 23, 2020
Sun Art operates close to 500 stores across China which have been integrated with Alibaba’s food e-commerce platforms Taoxianda and Tmall Supermarket.
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.
Kraft Heinz leads $12m Series A for smart checkout startup Zippin
December 12, 2019
What does a CPG company want with smart checkout technology, you ask? Data, and lots of it.
SoftBank-backed Accel Robotics is blending online & physical with check-out free technology
December 5, 2019
So far, checkout-free technologies appear to be using the same recipe of technology: will they be forced to diversify or die?
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.
BRIEF: Commercial kitchen food waste startup Winnow raises $12m Series B
October 17, 2019
The UK startup has developed a smart kitchen tool that helps restaurants account for their food waste to see where they can improve.
Tesco invests in frictionless checkout startup Trigo
October 17, 2019
Trigo’s technology uses computer vision and AI to see what shoppers put in their carts, charging their accounts when they walk out the door. Tesco invested just after its Series A round.
Future Food: A Moonshot Idea of Avocados? Nadia El Hadery from UK’s YFood Shares Her Food Tech Journey
May 16, 2019
“What is foodtech? Isn’t that delivery? Delivery is so done!” That’s what Nadia El Hadery remembers people saying back in 2015 when she held the
Washington State’s Plastic Waste Legislation Presents Opportunity for Packaging Alternative Startups
February 25, 2019
Washington State lawmakers are considering a hardline measure that would force companies to take responsibility for plastic waste or forgo using it at all.
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Smoke & mirrors, not worth the extra cost: 50 US farmers speak out on carbon markets