☕ 🇺🇸 Atomo, a US-based startup, raised $40M for its alternative to coffee which is similar to the “real thing” at the molecular level. It is also launching its first product, a ready-to-drink cold brew coffee.
🚲 🇮🇳 Zomato, the Indian giant restaurant delivery giant, acquired Blinkit, a quick-commerce startup for$568M. It is not going well with Zomato’s investors (it is a public company), and the stock has since lost half its value.
🍦 🇺🇸 Eclipse Foods, a plant-based ice cream brand, raised $40M that tastes as good as the “real” ones. Now it wants to go beyond and propose alternatives to other dairy products such as cheeses
🥬 🇦🇪 Pure Harvest Smart Farms, a UAE-based startup, raised $180.5M to expand its network of greenhouses across Asia.
🍊 🇺🇸 Sharebite, a US-based startup, raised $39M for its service that lets companies provide meal benefits to their employees.
🧺 🇬🇧 Ocado raised £575M to fund its growth. It has now a pipeline of more than 50 fulfilment centres for its supermarket clients waiting to be built.
🇫🇷 🇧🇪 Puratos, a Belgium manufacturer of bakery ingredients, acquired Rapidle, a French startup providing e-commerce solutions for traditional businesses (such as bakeries). This is an interesting example of a growing category of ingredient providers that work with or acquire the startups that digitize their own clients.