food business | Pixr8 News

13May By AnkitaNo Comments

FUNDING

Singapore Online Food Company Grain Raises $10 million funding

Singapore based an online food company Grain has raised $10 million Series B funding. The investment round was a mix of equity and venture capital. The funding round was led by Singha Ventures and Genesis Alternative Ventures, Sass Corp, K2 Global, FoodXervices and Majuven. Existing investors including Openspace Ventures, Raging Bull (founded by Ivan Lee) and Cento Ventures also participated in this round. The new investment will be used to build infrastructure to support revenue of $100 million and ramp up growth in Singapore. At the same time, Grain plans to expand to other Asian cities, with Bangkok being the first on the roadmap. Bhurit Bhirombhakdi, Chairman of the executive board at Singha Ventures, said, "We see great potential in Grain, and believe that our collab...

WeWork Enters into Food Business, Invests $32 Million in Larid Superfood

Laird Superfood, maker of assorted superfood products, secured $32 million in a private funding round that included WeWork as an investor. This latest round of funding will support an increase in product development, acquisitions and significant growth at Laird Superfood's Sisters, Ore based headquarters. "We are incredibly grateful to our investors and the community for their continued support. Our expansion will enable us to grow our product offerings, make room for even greater innovation and double down on our presence in the industry. This growth will add a great number of jobs in Sisters and the surrounding communities, across a variety of departments, and allow us to continue to stimulate our local economy," said Paul Hodge, CEO and co-founder of Laird Superfood. Laird Hamil...

Decoding: Why Food Tech Startups Are Not Successful in India?

Last year before Diwali we covered an interview of a 25-year-old Bikaneri sweet shop owner from Noida "What kind of Startup Services a “Bikaneri Sweet Shop” Owner Needs?". Here we mentioned each and every point of a sweet shop owner needs from food tech startups. Though after a gap of one year we still feel that none of the food tech startups taking a lesson from it. Due to lack of perfect business model and strategy, most of the shop owners stop using online food services. Reasons Why Businesses Had to Scale Down Indian market is not mature enough to order food online. They only order food when there is a discount. Sad but true. We saw 100–150 orders from the single restaurant just for dinner on weekends when foodpanda was running a discount. Immediate next week when foodpand...