8 notable deals and things to know this week (2023 โ€“ week #30)

๐Ÿ‡ฎ๐Ÿ‡ณย ๐Ÿ›ตย Swiggy, one of Indiaโ€™s food delivery unicorns, acquired LYNK, a logistics startup that helps FMCG brands be distributed in a network of 100,000 stores.
As India and its startups are often at the forefront of delivery trends, this deal should be considered with special care. It is very noticeable to see a B2C-focused meal and grocery delivery startup acquiring a B2B startup in the trending supply chain/fulfilment ecosystem. It wouldnโ€™t be surprising to see similar deals happening elsewhere, notably in Europe.

๐Ÿ‡บ๐Ÿ‡ธ๐Ÿšฐย Liquid Death, the $700M-water-in-a-can startup, is rumoured to be planning an IPO next year. Beyond this startup and what we may think about it, just the fact that it is considering going public next year confirms that the market conditions may be turning again, for the positive this time.

๐Ÿ‡ญ๐Ÿ‡ฐ ๐Ÿค– Rice Robotics, a Hong Kong-based startup, raised $7M for its autonomous delivery robots that operate inside offices.

๐Ÿ‡บ๐Ÿ‡ธ ๐Ÿผ Bobbie, a US-based startup developing a new infant formula, raised $70M to acquire its competitor Nature’s One. We are observing a significant number of new players making waves in a market that, while complicated, is more than ripe for disruption (last year, the US went through a shortage of formula).

๐Ÿ‡ฌ๐Ÿ‡งย ๐ŸŒ Isometric, a British startup, raised $25M to build a registry and science platform focused on carbon removal. It intends to act as a truster third-party partner for those buying the services of carbon removal companies, first by vetting the science, then by emitting carbon removal credits.

๐Ÿ‡ซ๐Ÿ‡ทย ๐Ÿฎย Aviwell, a French startup, raised โ‚ฌ9M for its bacterial discovery platform to optimise livestock growth.

๐Ÿ‡ฎ๐Ÿ‡ฑ๐Ÿ’งN-Drip, an Israeli startup, raised $44M for its smart irrigation systems.

๐Ÿ‡บ๐Ÿ‡ธย ๐Ÿฅฌย Square Roots, Elon Muskโ€™s brotherโ€™s indoor farming venture, is shutting down most of its locations. Again, quite a public bad blow to the indoor and vertical farming ecosystem.

๐ŸŒž Good reads for the summer
๐Ÿ“Š FoodTech in graphs: obesity and meat consumption

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