Tag: Food
Backed by YC, Vendease is building Amazon Prime for restaurants in Africa
For small and mid-sized restaurants in Nigeria and most of Africa, food procurement can be a complex process to manage. The system is such that a business can easily run out of money or have considerable savings. Most restaurants don’t have access to deal directly with farms to get better…
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Porter Road’s sustainable, whole animal butchery raises $10 million to expand across the U.S.
In the nearly ten years since it launched as a whole animal butchery out of a storefront in East Nashville, the founders of Porter Road have wanted to herd America’s meat industry down a new path. Now the company has $10 million in financing from investors including L37 Ventures, River…
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Egypt’s customer engagement platform for F&B brands in MENA, Koinz, raises $4.8M seed
As the restaurant industry across different cities was massively hit by the pandemic-induced lockdowns last year, food aggregator platforms helped by driving online customers to them. Koinz is one such startup in Egypt. Its value for food and beverages brands before, during and after the lockdowns has bagged the startup…
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Deliveroo posted narrowed loss of $309M, with gross transactions surging to $5.7B in 2020, EITF shows
The clock has officially started ticking on Deliveroo’s plans to go public in April. After announcing last week that it planned to list on the London Stock Exchange, today the on-demand food delivery company backed by Amazon and others published selected updated financials for the previous fiscal year, along with its…
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Amsterdam’s Crisp, an online-only supermarket, raises €30M Series B led by Target Global
Crisp, an Amsterdam-based, online-only supermarket focused on fresh produce, has raised €30 million in a Series B financing led by leading Target Global and joined by Keen Venture Partners and the co-founders of Adyen and Takeaway.com. Crisp has now raised a total of €42.5 million to date. It plans to…
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Walmart drops the $35 order minimum on its 2-hour ‘Express’ delivery service
In a move designed to directly challenge Amazon, Walmart today announced it’s dropping the $35 minimum order requirement for its two-hour “Express” delivery service, a competitor to Amazon’s “Prime Now.” With Walmart Express Delivery, customers can order from Walmart’s food, consumables or general merchandise assortment, then pay a flat $10…
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