Select deals from last week:
🇮🇳 Rebel Foods, a Mumbai-based startup working on dark/cloud kitchens, raised $175 million at a $1.4 billion valuation, becoming the 5th pure play dark kitchens startup to hit the billion-dollar valuation. There are at least 45 other startups setting up dark kitchens to expand their own delivery service or rent to third parties.
🇺🇸 All Day Kitchens, a distributed restaurant startup based in San Francisco, raised $65 million Series C. It might sound like a cloud kitchen business model, but it is not. The startup does not lease or rent a satellite kitchen to restaurants, but typically have a revenue-sharing agreements with existing restaurants. All Day Kitchens lets users order meals from different restaurants, which are delivered to one of their satellite kitchens, where All Day Kitchens employees apply finishing touches.
🇮🇳 Licious, a Bengaluru-based direct-to-consumer meat company, turned unicorn after raising $52 million Series G, 3 months after raising $192 million Series F. According to the Licious co-founders “the fresh meats and seafood sector is still largely underserved and unorganised that holds a vast opportunity of $40 billion”.
Other promising foodtech deals from around the globe:
🇺🇸 New-York-based Kingdom Supercultures, a developer of natural microbial cultures, raised $25 million to replace artificial chemicals and GMOs with Supercultures. We track 160+ other enablers of alternative protein.
🇮🇱 BeeHero, an Israeli precision pollination company, raised $15 million in equity and $4 million in grants to save the bees. The problem is big. The decline of the number of bees poses a real thread to food production and security globally. The company joins another 40+ startups working on sustainable apiculture and pollination.
🇫🇷 Cala, Paris-based robotic pasta restaurant, raised €5.5 million Seed round to expand its autonomous restaurant chain. Cala is not the first company to automate the cooking process (See "Cooking & Bartending" box in this landscape).
Read up on all the latest foodtech deals in Dealroom.co
