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From $373 million being in food tech media startups in October to an economists take on why meal kit startups economics won’t work, these are last week’s top food tech news and innovation stories.
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In October, $373 million was invested across 18 food tech deals globally. October also saw two IPO’s with First Data’s $2.56 billion IPO and the merger of China’s Meituan and Dianping valued at $15B.
One economists take on the meal kit business model: incumbent grocery stores and restaurants have huge competitive advantages over startups in being the providers of meal kits. The problem startups should be solving is creating the platform for these providers.
Food delivery service DoorDash is the latest startup to be eying a valuation of more than $1 billion. The startup raised $40 million in March, and now it may soon raise another round of funding that would catapult the company into the “unicorn” club along with heavyweights like Uber and Airbnb.
Bandar Foods walks you through how to calculate the cost of bringing your specialty food product to market.
Reimagine Food’s second Prometheus accelerator is on the hunt for startups using emerging technologies to create a better food future.
It’s been a whirlwind year for food innovation, and now it’s time to celebrate! Come taste and explore the future of food with our community of entrepreneurs, makers, investors, media, executives and more at our Holiday Bash. From cocktail bots and at-home aquaponics to edible insects and food holograms, this is going to be a party you won’t forget. Catch up with old friends, make new ones and get down and dirty with kick-ass startups disrupting the way we eat. We’ll have loads of nibbles, killer drinks, networking, surprises and, of course, holiday cheer.
Fresh produce and grocery mobile retail platform iOrderFresh delivers food and groceries to your doorstep across Delhi and Gurgaon, India within 12 hours. The startup does not keep any overnight inventories for fresh products and has only two delivery slots a day to ensure the freshest produce is being sent to consumers day after day.
Getting onto the shelves of large retail chains can be a burden as well as a blessing.
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