Select deals from last week:
🇮🇳 Zepto, an India-based ultrafast grocery delivery company, bagged $100 million Series C at $520 million valuation. The company more than doubled its valuation since its last round in October this year. Competition is about to heat up. Billion-dollar companies such as Swiggy and BlinkIt (formerly Grofers) have also launched ultrafast delivery services in India. The Google-backed Dunzo also launched a 19-minute delivery service in August last year. To keep up to date with all grocery delivery services and funding rounds, check this interactive landscape.
🇮🇩 Kopi Kenangan, a tech-enabled coffee chain in Indonesia, become the latest unicorn in Asia following a $96 million Series C. The comapany lets users order coffee from its app, which is then collected from one of its locations or delivered home. Kopi Kenangan more than doubled its valuation since May 2020. Sales more than doubled on a year-on-year basis, according to company statements. In Indonesia, Kopi Kenangan has 600 locations in 45 cities, whereas Starbucks has 430 locations in 22 cities as of 2020.
🇺🇸 Yumi, LA-based baby food company, secured $67 million Series B. Studies have found that by the age of 2, 80% of the adult's brain is formed. Healthy and nutritious food early on is essential, but parents do not always know exactly what to do. Yumi has developed a "Milestone Plan" with unique organic meals "hand-picked by nutritionists" that parents "won’t find anywhere else". The food is delivered weekly to parents' homes.
Other notable foodtech deals from around the globe:
🇨🇭 QualySense, Swiss marker of a robot that sorts grains, beans, and seeds, bagged €2.2 million at €60 million valuation.
🇮🇳 Captain Fresh, a Bengaluru-based seafood B2B marketplace, secured $40 million Series B led by Tiger Global and Prosus Ventures.
Read up on all the latest foodtech deals in Dealroom.co
Foodtech exits:
🇩🇪🇪🇸 Delivery Hero entered into agreement to purchase 39% of equity shares in Glovo, resulting in a majority stake. Delivery Hero has been invested in Glovo since 2018, when they led Series C round. Since then Delivery Hero has increased its stake to 43%. As of today, Glovo has a GMV of EUR 3 billion and is a leader in Eastern Europe, Spain, Africa, among others. The combined entity operates in 70+ countries.
Read up on all the latest foodtech exits in Dealroom.co
