Today, in restaurant and grocery store news, investors support sustainable food solutions by the hundreds of millions and grocery delivery by the billions. Additionally, Tim Simmons, senior vice president and product manager at Sam’s Club, spoke with Karen Webster about the future of food technology.
Delivery Startup Jokr Raises $ 170 Million in Series A
Global instant grocery and retail delivery startup Jokr raised $ 170 million in a Series A funding round led by GGV Capital, Balderton Capital and Tiger Global Management, with additional participation from Greycroft, Kaszek, Monashees, Activant Capital, HV Capital and FJ Labs.
Alternative Proteins Take New Forms Amid Growing Venture Capital and Consumer Interest
Long John Silver’s became the first major restaurant chain to launch into plant-based seafood substitutes, as food tech companies explore innovative new proteins that go far beyond the veggie burger.
Swiggy to invest in Instamar after $ 1.25 billion funding round
Online grocery ordering is here to stay, according to the Swiggy food delivery app. India-based start-up Instamart’s hyperlocal grocery service will receive significant funding after Swiggy’s most successful cycle to date grossed $ 1.25 billion.
Sam’s Club claims 90% reuse rate for its contactless payment and delivery technology
Sam’s Club, the Walmart member-only warehouse club chain, recently announced the launch of a Scan & Ship feature in three of its stores. The feature allows shoppers to scan items in stores from their mobile devices for delivery to their homes within the next business days. Through this functionality, the brand aims to stay at the forefront of the self-service boom.
Funding Flows For Food Sustainability Efforts As Consumers Look For Eco-Friendly Options
Venture capitalists support companies that provide sustainable solutions to meet the dietary needs of consumers. Berlin’s anti-waste tech platform Choco announced Tuesday, July 20, a Series B fundraiser of $ 100 million to support its goal of creating a “connected global food system.” Additionally, New York-based fast food chain Just Salad also announced a new investment on Tuesday, July 20, raising funds in an undisclosed amount from circular economy-focused investment firm Closed Loop Partners.