A daily newsletter summarizing recent activity & interesting start-ups globally
RECENT NOTABLE ACTIVITY – FOOD TECH
- Delivery Hero, an online food delivery platform, raises $1.1B in IPO at the offer price of €25.50. The stock gained 8.6% at the end of first day’s trading on Frankfurt stock exchange. Link
- Blue Apron, a meal kit delivery startup, raises $300M in IPO at the offer price of $10. The stock plunged more than 17% after the first week’s trading. Link
- DayTwo, a personalized nutrition app that provides food recommendation based on microbiome analysis, raises $12M in Series A led by Johnson & Johnson Innovation. Link
- Plum, an automatic wine pouring and preservation appliance, raises $9M in Series A round led by Khosla Ventures. Link
- Koia, a plant-based smoothie brand and manufacturer, raises $7.5M in Seed round led by KarpReilly and AccelFoods. Link
- Saucey, an on-demand alcohol delivery startup, raises $5.4M in Series A round led by Bullpen Capital. Link
- GrowFood, a Russian health-focused meal delivery startup, raises $5M in Series A round from AddVenture, a Moscow-based fund. Link
- Chefmarket, a Russian meal kit and ready-to-heat meal delivery startup raises $3.5M from Mitsi & Co, Japanese financial and industrial group. Link
- Flashfood, an online marketplace to buy and sell excess food raises $1.5M in Seed round from undisclosed private investors. Link
- Foodout, a Lithuianian food delivery startup merges with EDA.UA, a Ukranian food delivery marketplace and raises $1.1M from Chernovetskyi Investment Group (CIG). Link
- Monkey Box, an internet first restaurant that delivers school lunches in Bengaluru, raises undisclosed amount in pre-Series A round from Blume Ventures. Link
- Eatigo, an online platform to make table reservation at restaurants, acquires Ressy, an India-based restaurant deal discovery platform. Link
- English Tea Shop, a brand and processor of tea leaves, acquires the competitor Joe’stea Co. Link
- Amazon, a global consumer e-commerce company, starts meal kit delivery service through Amazon Fresh. Link
- Deliveroo, an online food delivery marketplace, partners with Tripadvisor, a travel review and metasearch platform, enabling the users to order food from Tripadvisor’s platform in 12 countries. Link
- VBites, a plant-based food substitute manufacturer partners with Domino’s in Israel to provide its vegan cheese. Link
- Zomato, a global restaurant discovery platform, reports 81% y-o-y increase in revenue and 34% y-o-y decrease in total loss in FY’17 as per the annual report of Info Edge, the company’s largest shareholder. Link
SOME INTERESTING STARTUPS FOUND
Finless Foods (2017, NYC): Uses synthetic biology to culture fish meat.
Just Chopped (2016, Poznan) – Online platform to order meal kits for home delivery in Poland.
LEADER BOARD – FOOD TECH
Ordering & Delivery
DeliveryHero (2010, Berlin, IPO) – Online food ordering service. Backed by Rocket Internet and Insight Ventures.
GrubHub (2004, Chicago, IPO) – Online and mobile platform for ordering food. Went public in 2014.
JustEat (2001, London, IPO) – Online ordering service. Take-away only. Went public in 2014.
Takeaway (2000, London, IPO) – Online ordering service for take-away orders. Went public in 2016.
Ele.me (2008, Shanghai, $2.34B) – Online ordering and delivery of food from restaurants with its own logistics network. Backed by Tencent, CitiCapital, Beijing-Hualian, Sequoia Capital etc.
Discovery
Zomato (2008, Gurgaon, $223M) – Online and mobile restaurant discovery service. Backed by Sequoia.
Ricebook (2012, Beijing, $53.5M) – Crowd sourced restaurant discovery mobile app. Backed by Sequoia.
Table Booking
Open Table (1998, SF, IPO, Acq) – Online marketplace for restaurant reservation. Offers table-booking management system to restaurant owners. Went public in 2009. Acquired by Priceline in 2014.
BookaTable (2006, London, $63M, Acq) – Real time table booking. Provides marketing, database management and technical support to Restaurants. Acquired Swedish company 2Book in 2014. Backed by Balderton. Acquired by Michelin in 2016.
Quandoo (2012, Berlin, $33M) – Online platform for restaurant reservation platform in Germany. Backed by Recruit Holdings.
Internet First Restaurants
Munchery (2011, SF, $117M) – Internet first gourmet meal delivery service. Backed by Shepra Ventures.
Freshly (2012, NYC, $107M) – Internet first restaurant that delivers ready-to-heat meals. Backed by Highland Capital Partners.
Frichti (2015, Paris, $48M) – Internet first restaurant providing meal delivery service. Backed by Verlinvest.
Habit (2015, Emeryville, $32M) – Analyzes DNA to profile nutritional requirement based on which prepares and delivers personalized meals. Backed by Campbell’s Soup.
Recipe Box
Blue Apron (2012, NYC, IPO) – Delivers meal kits, including pre-measured ingredients and recipes, in refrigerated boxes. Backed by Fidelity.
Hello Fresh (2012, Berlin, $367M) – Weekly subscription based service that provides 3-4 recipes and related grocery. Sources seasonal and local organic food. Backed by Rocket Internet.
Plated (2012, NYC, $80M) – Offers a subscription box service that contains meal ingredients and recipes by partnered chefs. Backed by Greycroft.
Snack Box
NatureBox (2012, Berlin, $60M) – Internet first retailer of healthy snacking food products and snack box. Backed by Canaan Partners.
Beverages
Lot18 (2010, NYC, $44.5M) – Online retailer of wines and related offerings. Backed by Accel Partners.
Drizly (2012, Boston, $33M) – Mobile marketplace for alcohol delivery. Backed by Polaris Partners.
Novel Foods
Impossible Foods (2011, Redwood City, $183M) – Sustainable food company focusing on plant based meat substitutes. Backed by Google Ventures and Khosla Ventures.
Hampton Creek (2011, SF, $120M) – Food technology company making plant based egg substitutes. Backed by Khosla Ventures.
Soylent (2013, Los Angeles, $74.5M) – Meal replacement product that provides essential nutrients in a serving. Backed by GV.
Ripple Foods (2014, Emeryville, $44M) – Makes dairy free milk and milk based products made from pea protein. Backed by Khosla Ventures.
Hardware and IOT Solutions
Juicero (2013, SF, $90M) – Internet connected counter top device that cold-presses juice out of packs of cut fruits and vegetables. Backed by Artis Ventures.
Coravin (2011, Burlington, $62M) – Designs and markets their technology system that enables access and pouring of wine form a bottle without pulling the cork. Backed by Windham Venture Partners.
Innit (2013, SF, $43M) – A platform that manages and connects food information with appliances and devices.
Enterprise Solutions
Revel Systems (2010, SF, $127M) – Cloud-based POS iPad point of sale solution for restaurants and retail businesses. Backed by Rothenberg Ventures and DCM Ventures.
Tillster (2006, San Diego, $86M) – Offers cloud-based ordering and engagement solution for restaurant industry. Backed by Allegis Capital.
Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.
For latest update, visit FoodTech feed.