Indonesian cloud kitchen startup Legit banks $3m seed funding
The Jakarta-based company says it wants to become “the leader in creating delivery-first food and beverage brands in Southeast Asia.”
The Jakarta-based company says it wants to become “the leader in creating delivery-first food and beverage brands in Southeast Asia.”
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.
Global Incubator Programme – Gateway to Asia will help UK agrifoodtech startups expand into the Asia-Pacific region remotely.
It’s a unique accelerator program offered by GROW in partnership with Food Futures Company and Austrade, Australia’s trade and investment agency.
The Series C round marks the first UAE investment out of SoftBank’s Vision Fund II.
CEO Sriram on why she made the leap from full-time scientist to founder – and how she reconciles vegetarianism with being a cultured meat eater.
In this roundtable article, AFN hears from team members at three GROW startups which are playing their part in the plant-based protein revolution.
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.
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.
Monde Nissin raised just over $1 billion in its Philippines IPO – and is earmarking much of it for expansion in the US.
The deal will see VinCommerce partner with the Chinese tech giant’s Lazada platform to build an e-grocery service in the country.
CEO Pamitra Wineka said the funding will help the startup to strengthen its regional presence and boost Indonesian ag’s global competitiveness.
Gojek edges Singapore-based rival Grab – which is in the midst of its own $40 billion SPAC merger – as Indonesia’s most popular food delivery app.
The GROW Impact Accelerator’s new cohort has been picked from over 270 applicants hailing from 58 countries. Seven out of the 10 teams have female founders.
The Singapore-based app claims to be the category leader for online food delivery, ride-hailing, and digital payments in Southeast Asia.
Singapore-based Trax was Southeast Asia’s highest-funded agrifoodtech startup in 2019, according to AgFunder data.
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.
The last visible vestiges of Tesco’s Asian retail operations are set to disappear as stores carrying the UK company’s name undergo a rebrand.
As 2020 draws to a close, trends identified by Ai Palette suggest that Covid-19 will have a long-lasting impact on Asia’s food preferences.
The US firm is establishing its Global Sustainability Innovation Center in Singapore; while spin-out Bain Capital has raised $800m for its second impact fund.