A daily newsletter summarizing recent activity & interesting start-ups globally
RECENT NOTABLE ACTIVITY – FOODTECH
- Online ordering and delivery service provider, Olo raises $40M from the Raine Group. Link
- Mobile wine app company, Vivino announces a $25M Series B round led by SCP Neptune International. Link
- Technology provider for food waste management, Winnow raises a $3.3M round led by Mustard Seed and D-AX.Link
- Food delivery startup, Grain raises an undisclosed amount in a Series A round led by NSI Ventures. Link
- Michelin acquires online reservations system BookaTable. Link
- Rocket Internet sells food takeaway operations in Spain, Italy, Brazil, Mexico for $140M to JustEat. Link
SOME INTERESTING STARTUPS FOUND
Urban Steep (2015, NYC) – Market place for speciality coffee. It helps users discover and connect to roasters.
Sipreme (2015, Auckland) – Makes nutritionally rich powdered food for adults.
Brew Crew (2015, San Jose) – Subscription based coffee delivery service. Delivers from Starbucks, Philz and Peets.
LEADER BOARD – FOODTECH
Ordering & Delivery
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.
DeliveryHero (2010, Berlin, $1.4B) – Online food ordering service. Backed by Rocket Internet and Insight Ventures.
Discovery
Zomato (2008, Gurgaon, $224M) – Online and mobile restaurant discovery service. Currently in 22 countries. 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.
Reserve (2014, NYC, $15M) – Curates list of vetted restaurants based on user specifications and secures reservation. Backed by Sherpa Ventures.
Alcohol Delivery
Jiuxian (2010, Beijing, $310M) – An e-commerce liquor retail chain. Specializes in sales of high grade wine. Backed by Sequoia.
9bianli (2010, Zhengzhou, $61M) – Online retailer and O2O service provider for liquor. Backed by Legend Holdings.
Lot18 (2010, NYC, $44.5M) – Online marketplace for wine. Backed by Accel.
Internet First Restaurants
Munchery (2011, SF, $117M) – Internet first gourmet meal delivery service. Backed by Shepra Ventures.
Sprig (2013, SF, $57M) – Mobile based food ordering service (healthy organic meals). Delivery within 15 mins. Launched in Chicago in June 2015. Backed by Greylock.
Spoon Rocket (2013, Berkeley, $13.5M) – Delivers healthy high quality meals within 15 mins. Plans to expand services to college campuses. Backed by Foundation Capital and General Catalyst.
Groceries
Ocado (2002, Hatfield, IPO) – Online grocery retailing company. Entered into a partnership with Morrisons in 2014, became profitable for first time in 2015. Went public in 2010.
Instacart (2012, SF, $275M) – Marketplace for same day grocery delivery. Calls in a personal shopper for picking items from local supermarkets. Backed by Sequoia and Khosla Ventures.
Womai (2008, Beijing, $330M) – Healthy food ordering and delivery service in China. Backed by COFCO, Taikang, Baidu and SAIF.
Fresh Direct (2002, NYC, $91M) – Grocery delivery service that offers organic and local produce. Backed by CIBC.
Recipe Box
Hello Fresh (2012, Berlin, $278.5M) – Weekly subscription based service that provides 3-4 recipes and relatedgrocery. Sources seasonal and local organic food. Backed by Rocket Internet.
Blue Apron (2012, NYC, $193M) – Delivers meal kits, including pre-measured ingredients and recipes, in refrigerated boxes. Backed by Fidelity.
Plated (2012, NYC, $56M) – Offers a subscription box service that contains meal ingredients and recipes by partnered chefs. Backed by Greycroft.
Food Substitutes
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, LA, $21.5M) – Makes meal replacement shakes. Offers DIY to customers to make the drink. Backed by Andreessen Horowitz.
Leader board includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.
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