FoodTech

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

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.

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, 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.

GrabFood Malaysia is revamping its delivery options to enhance its affordability and accessibility for Malaysians. This includes expanding the Saver Delivery option to additional cities nationwide beginning today, providing a lower delivery fee option for consumers across the country.

ProfilePrint, a Singapore-based artificial intelligence (A.I.) agri-food tech company, has on Monday announced the signing of commercial contracts to deploy the ProfilePrint technology with three of Brazil’s largest food companies - Louis Dreyfus Company Brasil, Olam Agrícola Ltda (Brazil) and Sucafina Brasil.

Alchemy Foodtech, a Singapore-based carbohydrates and sugar reduction food technology company has announced its expansion into sugar reduction solutions, which is now used in Subway’s cookie island-wide.

EdenFarm, a food service-focused startup based in Indonesia, has secured $13.5 million in its latest Pre-Series B bridge round led by Telkomsel venture arm Telkomsel Mitra Inovasi (TMI), AppWorks, and AC Ventures. The round was also supported by Decart Ventures, Fubon Capital, Trihill Capital, OCBC NISP Ventura, Nakhla and Capria Ventures.

Automatization is critical in minimizing labor needs and increasing production. Still, it will not have an immediate effect, as it had in other agricultural domains.