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FOODTECH INVESTMENT
SoftBank snags Rs 2,873 crore from Lenskart stake sale, clocking 7x returnSVF II Lightbulb Cayman, a SoftBank affiliate, sold 5.65 crore shares, or 3.25%, in Lenskart for Rs 2,873 crore through a block deal on Wed...- Zappfresh in talks for majority stake in GM FoodsZappfresh is in discussions to acquire a majority stake in GM Foods. This move aims to expand Zappfresh's product offerings. The company is...
- Food delivery startup Swish raises $38 million; valuation more than doublesSwish has raised $38 million led by UK-based Hara Global and Bain Capital Ventures, with participation from Accel and others. Hara Global a...
- Curefoods makes strategic investment in Dras IceFounded in 2020 by former Flipkart executive Ankit Nagori, Curefoods houses a variety of brands like EatFit, Cakezone, Nomad Pizza, Sharief...
- Upstream agritech funding climbs 50%, likely to retain growth: reportUpstream in this context refers to the production side of the agri-supply chain, whereas downstream is the other end, where products are ma...
- Prosus says Indian portfolio firms Swiggy, Byju’s saw strong growth in FY22“Our food platforms continued to grow strongly at the core of the food delivery business and are now investing to extend that growth throug...
- Foodtech ambition to drive future growth of Jubilant FoodWorksJubilant’s management believes that QSR demand in the country will increase rapidly given the possibility of closure of 30-35% of conventio...
- Rebel Foods gets ₹110 cr on plateThe new round is expected to value the company at $400 million.
- Foodtech startups revert to an old recipe for success: Earn, then spendOrders have crossed 4,50,000 a day for food delivery startups and they’ve tightened their belts— they’re now looking forward to a feast aft...
- Investors queue up at Swiggy; SoftBank may put in $200-250 mn, Flipkart & Tencent also in talksChinese Internet giant Tencent, which has backed Flipkart, is likely to co-invest, if the negotiations fructify, sources said.
- Foodtech resembled a startup graveyard in 2016For the most part, the rise and fall of these business models can be attributed to the hype cycle entrepreneurs and investors fell prey to
- Investments in fintech firms at an all time high; Rs 1,245 crore pumped in so far in 2016While size of the target market and scaling up potential are the usual questions asked by investors, unit economics and operating profits a...
- Unit economics challenging for food-tech startups: SpoonJoy's Manish JethaniSix months after online grocery delivery player Grofers acqui-hired food-tech startup SpoonJoy, the former CEO talks about challenges in th...
- It’s true! Data proves funding winter has set in“The sentiment is cautious,” Sudhir Sethi, chairman of active venture firm IDG Ventures, said at an Indian Private Equity and Venture Capit...
- Food technology startup Yumist raises Rs 12 croreMoney raised will be used scale up in existing cities — Gurgaon, Delhi and Bengaluru till March, after which Yumist plans to expand to Mumb...
- Faasos raises Rs 200 crore in fresh funding at a time of gloom for on-demand food startupsFaasos Food Services has raised $30 million (about Rs 200 crore), managing to secure funds at a time when several of its competitors are fo...
- Funding slowdown takes a toll on food-tech startups like Eatlo, FreshMenu, FrshEatlo, FreshMenu and Frsh do not have money to sustain operations beyond a few months as they are unable to raise fresh rounds of funding.
- Zomato launches tech suite to help restaurants, kitchens transact onlineZomato said it has launched its Whitelabel Platform (zomato.com/whitelabel), a full suite of technologies for restaurants to run their busi...
- Fund Squeeze in Internet companies may trigger wave of mergers and acquisitionsExperts say this is a fallout of back-to-back capital infusions, overheated valuations and a thrust on growth over profitability.
- Gurgaon-based food-tech company Yumist launches operations in BengaluruYumist has recently hired Rahul Mishra, responsible for kitchen operations who comes from Continental Kitchen, a kitchen manufacturing comp...
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