FoodTech
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.
GrabFood Malaysia introduces Saver Delivery – lowest delivery fee from the widest range of restaurants
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.
Singpore’s ProfilePrint inks commercial contracts with three of Brazil’s top food companies
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.
Singapore’s Alchemy Foodtech expands into sugar reduction solutions
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.
Indonesia’s EdenFarm raises $13.5M funding led by TMI, AppWorks, AC Ventures
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.
The role of AI in insect farming
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.
US-based GOOD Meat gets approval to commercialize serum-free cultivated meat in Singapore
GOOD Meat, the cultivated meat division of food technology company Eat Just, Inc., has on Wednesday announced that it has been given a new, first-in-the-world regulatory approval by the Singapore Food Agency (SFA) for the use of serum-free media for the production of cultivated meat.
SEA food delivery platforms total GMV grows 5% y-o-y to $16.3B in 2022
Southeast Asia food delivery platforms' total gross merchansdise value (GMV) grew 5 percent year on year to $16.3 billion in 2022, from S15.5 billion in 2021, a report said Tuesday. According to Momentum Works, the growth was mainly driven by the relatively smaller markets of the Philippines ($2.4 billion), Malaysia ($2.2 billion) and Vietnam ($1.1…
