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Tracxn – Analyst Notes # 1312 – FoodTech

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Analyst Picks

  • Kit & Coffee (2017, New York City) – Online platform to order DIY coffee kits
    Market: FoodTech > Beverages > Non-alcoholic > Coffee > Ground Coffee or Beans > Internet First Brand
  • Omakase (2017, Singapore) – Mobile app for food recommendation
    Market: FoodTech > Food Discovery & Ordering > Dine-Out > Review & Recommendation > Rich Listing
  • Apptite (2016, Sao Paulo) – Online platform for food ordering from home chefs
    Market: FoodTech > Food Discovery & Ordering > Online Ordering > Chef-Prepared Meals > On-demand Delivery
  • GoCater (2016, Berlin) – Online platform to order food for office catering
    Market: FoodTech > Food Discovery & Ordering > Catering > Restaurant Aggregator
  • Dish Dash (2016, Singapore) – Online platform to order food from partnered restaurants
    Market: FoodTech > Food Discovery & Ordering > Online Ordering > Restaurant Aggregator > Delivery > Platform Delivered > Office focused

Funding Rounds

Series E, $114.0M
Impossible Foods (2011, Redwood City, $480.0M) – Developer of substitute for animal meat based food
Investors: Temasek, Sailing Capital, Open Philanthropy, GV, UBS, Viking Global Investors, Horizons Ventures

Series C, $39.5M
Gousto (2012, London, $78.2M) – Recipe kit subscription and grocery delivery
Investors: Hargreave Hale, Angel CoFund, MMC Ventures, Business Growth Fund

Series C, $22.8M
Hungryroot (2015, New York City, $36.3M) – Vegetable based meals-boxes

Series B, $19.5M
FoodLogiQ (2006, Durham, $31.8M) – Tracebility software as a service
Investors: Renewal Funds, Pontifax Agtech, Nicola Wealth, Greenhouse Capital Partners, Testo, Tyson Foods

Series B, $12.3M
Privateaser (2014, Paris, $16.4M) – Restaurants, bars and hotels reservation platform for group
Investors: Serena Capital, ISAI Gestion, FJ Labs, Kerala Ventures

Series A, $6.1M
OrderYoyo (2013, Copenhagen, $9M) – Software for food ordering
Investors: Growth Fund, Preben Damgaard, Jesper Johansen, Seed Capital

Series A, $5.6M
City Pantry (2013, London, $7.6M) – Marketplace for London’s Street vendors, pop-ups, chefs, restaurants and delis for business or events/gatherings
Investors: Octopus Investments, Newable

Angel, $5M
Vinfolio (2003, San Francisco, $13.9M) – Wine e-commerce , cellar management software and collector services
Investors: Don Pierre, Allan Warburg

Series C, $3.6M
SteadyServ Technologies (2012, Indianapolis, $24.9M) – Inventory management solution for draft beer

Series A, $3.1M
Tannico (2012, Milano, $9.8M) – Wine flash sales
Investors: nuocapital.com

Series A, $3M
xtraCHEF (2015, New York City, $3M) – Vendor Management app for restaurants
Investors: Laconia Capital Group, Ben Franklin Technology Partners, Connectivity Ventures Fund

Conventional Debt, $2.2M
Bellwether Coffee (2013, Berkeley, $7.7M) – Developer and private label manufacturer of iOS integrated coffee roaster

Series C, $1.8M
SteadyServ Technologies (2012, Indianapolis, $24.9M) – Inventory management solution for draft beer

Venture Debt, $1.3M
Fingerlix (2016, Mumbai, $11.2M) – On-demand semi-cooked food delivery app
Investors: Alteria Capital

Seed, $1M
SmartQ (2015, Bangalore, $1.8M) – Food take-out ordering app for employees of Tech Parks
Investors: YourNest

M&A

  • Alibaba To Acquire Full Ownership Of China Online Delivery Platform Ele.Me Reuters
  • HelloFresh Acquires Green Chef Business Wire
  • AccorHotels buys online reservation firm ResDiary BusinessCloud
  • YC alum Dahmakan, a Kuala Lumpur-based food delivery startup, acquires Polpa to expand into Thailand TechCrunch
  • Ola in talks to buy Freshmenu after Foodpanda acquisition Livemint
  • Corporate Essentials Acquires Martin + Fitch Citybizlist
  • Italian Wine Brands Announces Svinando Wine Club’s Acquisition FinSMEs
  • Postmates And DoorDash Considering Teaming Together PYMNTS

New Product Announcement

  • Getting New Customers in the Door: “Punchh Acquire” Launches in Beta to Restaurant Marketing Platform Business Wire
  • Apptizer Mobile and Kiosk Order-Ahead Now Available for First Data Clover Business Wire
  • The Wait is Over… Daiya Brings Its Award-Winning Plant-Based Comfort Foods to the United Kingdom PR Newswire
  • Easy-to-Use Spoon Guru Technology Launches in the US Providing the Most Accurate Shopping Experience for Consumers’ Food Needs Business Wire
  • AwesomeChef launches DIY health meal kits Business Line
  • Deliveroo launches ‘Pop-ups’ concept for emerging street-food brands Lunch Business
  • BlueCart Launches New Hospitality Industry Online Marketplace Press Release Jet
  • HotSchedules Announces Clarifi™ Advanced Forecasting Engine, Partnering Restaurant Managers with Machine Learning to Increase Predictability and Reduce CostsGlobeNewswire
  • New CorkGuru Digital App Helps Restaurants Harness the Business Value of Their Wine Programs Business Wire
  • Myxx Announces New Shoppable Recipe Video Series Starring Best-Selling Cookbook Author PRWeb
  • Roberson Winery Opens Doors To Locals The Drinks Business
  • Cafection, EVOCA USA Will Present Enhanced Coffee Machines Offer At NAMA 2018Vending Market Watch

New Market Entry

  • Tea startup, The Good Life Company, expands into luxury coffee segment Indiatimes

New Geo Entry

Business Partnership

  • Swiggy introduces UPI-based payment for delivery fleet Indiatimes
  • Swiggy, PhonePe join hands for simplified payment Indiatimes
  • Blue Apron partners with Airbnb to bring a global culinary experiences to home cooksFDF World
  • Meredith Corporation Partners With eMeals To Bring Curated Meal Plans To Millions Of Home Cooks PR Newswire
  • Yelp and Grubhub Complete Online Ordering Integration Business Wire
  • Delivery Hero Selects NewVoiceMedia As Contact Center Partner to Transform Global Customer Experience Business Wire

Company Announcement

  • Blue Apron plans to sell meal kits in stores in 2018 Reuters
  • Impossible Foods Announces $114 Mln Convertible Note As Startup Prepares For Rapid Expansion In The Us And Overseas Reuters
  • Foodpanda sets up technology centre in Bengaluru Indiatimes
  • Foodpanda launches dedicated technology centre in Bengaluru Livemint

Earnings Release

  • Zomato CEO claims $100 million in annualised revenue run rate; 40% growth in last 2 months Indiatimes

Key People Movement

  • Foodpanda appoints Anshul Khandelwal as head of marketing Indiatimes

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