In the news

🇳🇱 Netherlands announces €25bn plan to radically reduce livestock numbers via The Guardian. The government will buy out farmers to reduce nitrogen pollution. So far, the initiative has faced a backlash from farmers.

🍕 Deliveroo Plans to Open a Pizza Joint in the UK via PYMNTS. The company seeks to understand the pain points and bottlenecks that restaurants face so it can serve them better on its marketplace.

🍗 KFC to launch plant-based fried chicken made with Beyond Meat nationwide via CNBC. Many fast food companies have recently added Beyond Meat's plant-based meat alternative to their menu. It is still unclear what the impact to Beyond Meat's bottom line would be, as it has struggled recently despite successful product launches.

🛒 Gopuff to Launch Private Label Products as DoorDash Rival Heads Toward IPO via The Information. Gopuff plans to launch a variety of food products and household items. It will also introduce private label prescription medication and medical testing devices.

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Latest foodtech deals

Select deals from last week:

🇮🇳 Dunzo, a Bengaluru-based 24x7 delivery app, raised $240 million at $775 million valuation. The company offers delivery from grocery stores, restaurants, pet supplies and medicines. It also lets users move items such as laptops and chargers around the city. Dunzo has ambitions to become a leadering quick commerce service in the country, competing head-to-head with the likes of Zepto that raised $100 million last week.

🇬🇧 Gousto, a London-based meal kit delivery company, raised €133 million at €1.5 billion valuation. The deal includes €88 million in equity from SoftBank and €44 million of debt from Barclays and HSBC. With the new funding, Gousto will build its automated fulfillment facility to increase capacity by 40%. As we've written before, there have been winners and losers among meal kit delivery startups. Gousto seems to be in the former category.

Other notable foodtech deals from around the globe: 

🇮🇳 Flipkart Wholesale, a B2B marketplace subsidiary of Flipkart, received $233 million from its parent company. Launched in 2020, Flipkart Wholesale offers products grocery, fashion and other merchandise to 1.5 million customers across India.

 🇮🇱 Remilk, an Israeli plant-based diary company, raised $120 million in Series B funding. Have a look at the complete alternative protein landscape, including 200+ plant-based diary and eggs startups.

🇮🇳 ID Fresh Food, a Bengaluru-based meal kit delivery service, raised $68 million Series D at $242 million valuation.

Read up on all the latest foodtech deals in Dealroom.co

Tip of the week

Dealroom clients can now browse startups based on patent activity. There are 261 foodtech startups and scaleups that have at least one patent. There are also 9 categories of patents you can look for. Go to Advanced Filters, then the Patent tab to find them all.

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🗺️ Foodtech investment heatmap

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Ivan Draganov

Senior Innovation Analyst
Dealroom

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