Delivery Hero’s foodpanda’s business could be sold to Grab? – report

Delivery Hero plans to sell its activities under the foodpanda brand in Singapore, Cambodia, Laos, Malaysia, Myanmar, the Philippines and Thailand.

bundle of assorted vegetable lot

Revolutionizing the Philippines’ food industry: Unleashing innovation and technology

Amidst challenges, technology emerges as a beacon of hope. Inaccessible infrastructure and logistics impede the seamless movement of food from farms to tables. While arable land is abundant, productivity lags behind due to a lack of technological access and innovation. Part of the solution lies in democratizing technology, making it accessible and…

This Malaysian startup offering cafe syrup with zero sugar plans to expand regionally

“We are planning to get halal certification for our Timi Syrup so that we can approach well-establish cafes. We are also planning to export to neighbouring countries and planning to expand our business by producing other food products such as ready-to-drink, sports drink, sauces and other household products,” Co-Founder Atirah Danial told TechNode Global in…

Malaysian foodtech firm GoodMorning Global raises $4.4M via equity crowdfunding

GoodMorning Global Group, a Malaysia-based foodtech firm, has raised MYR 20 million ($4.41 million) via equity crowdfunding. The firm has raised the fund from 1,046 investors.

500 Global-backed Thai food biotech firm IncreBio to launch products in Singapore by year-end

The company has raised over $2 million from 500 Global, TOP Ventures (CVC-arm of Thai Oil PLC) and angel investors—from a group of former executives of Coca-Cola, PepsiCo and Dole, to a family office of one of the largest healthcare networks in Southeast Asia.

India’s Swiggy initiates second tranche of committed ESOP liquidity program totalling $50M

Swiggy, India’s on-demand convenience platform, has on Monday announced the second milestone in its committed two-year employee stock ownership plan (ESOP) liquidity program. As part of this planned two-year ESOP liquidity program, Swiggy employees will have the option to receive liquidity totalling up to $50 million against their ESOPs.

Swiss impact investor responsAbility raises $106M for climate-smart agriculture and food fund

Swiss impact investor responsAbility has raised $106 million for its climate-smart agriculture and food fund that will invest in Asia Pacific, Latin America and Africa.

Singapore’s Flash Coffee raises $50M in Series B round led by White Star Capital

Singapore-based tech-enabled coffee chain Flash Coffee has announced the successful completion of its Series B financing round led by White Star Capital, raising a total of $50 million following its latest closing.

Indonesia’s UENA raises new funding co-led by East Ventures, Trihill Capital

UENA, a hyperlocal online food and beverage (F&B) startup based in Indonesia, has raised an undisclosed amount of new funding co-led by the existing investor, East Ventures, and the new investor from Trihill Capital.

Foodpanda partners TADA for new user benefits in Asia

Foodpanda, Asia’s largest food and grocery delivery network outside of China, has entered into a strategic partnership with TADA, a blockchain-based ride hailing platform in Singapore, to introduce new user benefits for customers in Asia, starting with Singapore and Cambodia.