Tag: Food
How COVID-19 accelerated DoorDash’s business
DoorDash filed to go public today, publishing numbers that showed rapid growth, enhanced profitability and an improving cash flow record which helped explain how the company had grown to a $16 billion valuation while private. The unicorn’s impending liquidity event will enrich a host of venture capital firms that bet…
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Venture firm M13 names former Techstars LA managing director, Anna Barber, as its newest partner
The Los Angeles and New York-based venture firm M13 has managed to nab former Techstars LA managing director, Anna Barber, as its newest partner and the head of its internal venture studio, Launchpad. Designed to be a collaborative startup company incubator alongside corporate partners, Launchpad focuses on developing new consumer…
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On-demand delivery app Glovo is spinning up a b2b logistics unit for super speedy urban delivery
Spain’s on-demand delivery app, Glovo, is gearing up to be able to deliver a much wider range of products within a 30-minute timeframe by rolling out a b2b logistics play — drawing on a network of city centre warehouses that it plans to massively expand over the next twelve months.…
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Startups making meat alternatives are gaining traction worldwide
Startups that produce lab-grown meat and meat substitutes are gaining traction and raising cash in global markets, mirroring a surge of support food tech companies are seeing in the United States. New partnerships with global chains like McDonald’s in Hong Kong, the launch of test kitchens in Israel and new…
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Alibaba Group will spend $3.6 billion to take control of Chinese supermarket giant Sun Art
Alibaba Group said today it will spend about $3.6 billion to take a controlling stake in Sun Art, one of China’s largest big-box and supermarket chains. After the transaction is complete, Alibaba Group will own 72% of Sun Art. As in other countries, COVID-19 lockdowns increased demand for online food…
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Alphabet’s Mineral moonshot wants to help farmers with robotic plant buggies
In 2018, Alphabet's X lab said it was in the process of exploring how it could use artificial intelligence to improve farming. On Monday, X announced that its "computational agriculture" project is called Mineral. The Mineral team has spent the last… Source
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