FoodTech
Southeast Asia’s total food delivery spend on platforms grow 5 percent on year to $17.1B in 2023
Southeast Asia’s total food delivery spend on platforms grew a modest 5 percent year on year to reach $17.1 billion in 2023, mirroring the growth rate observed in 2022, Momentum Works said Tuesday. The growth was driven primarily by the region’s smallest food delivery market, Vietnam (+27 percent), followed by Malaysia (+9 percent).
Malaysia’s Meals in Minutes nets $1.5M from 500 Global to scale operations in Malaysia, Singapore, and the UK
Malaysian-based food startup Meals in Minutes has on Wednesday announced that it has successfully secured $1.5 million in a seed round. The round is led by an early-stage venture fund and seed accelerator, 500 Global, with participation from a private investor.
Uber Eats teams up with Gogoro in Taiwan for Green Delivery Program worth nearly $30M
Gogoro Inc., a Taiwan-based technology player in battery-swapping ecosystems, has partnered global online food ordering and delivery platform Uber Eats for Green Delivery Program worth nearly $30 million. The program will make it easier and more affordable for Uber Eats delivery partners to switch to electric scooters.
Singapore cultivated meat startup Meatiply raises $3.75M seed funding for expansion
Singapore-based cultivated meat company Meatiply has secured $3.75 million in the first close of its seed funding round. The round is co-led by existing investor Wavemaker Partners and AgFunder, with participation from SEEDS Capital, the venture investment arm of Enterprise Singapore.
Antitrust approval could be biggest hurdle for Grab’s potential acquisition of Foodpanda’s business, analysts say
Momentum Works, a venture outfit, estimated Foodpanda's Southeast Asia GMV at $3.1 billion in 2022. According to the same report, Foodpanda ranked second by market share in Singapore, Malaysia and the Philippines, and third in Thailand in 2022.
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.
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.
