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Calo raises $25 million to expand its ready-to-eat meal service beyond the Middle East
A business built around increasingly customized ready-to-eat meals has netted Middle Eastern startup Calo a sizeable funding injection as it looks to expand both what it can offer its time-strapped customers and where it delivers its growing range of just-heat-to-eat dishes. The meal delivery market in the Middle East will hit $11.2 billion by 2030, according to a report from MarkNtel Advisors published last year. Food aggregators such as Careem, Deliveroo and Talabat have built big businesses
Dec 30, 2024
Chunk Foods close to opening factory to produce ‘millions’ of plant-based steaks
Apr 27, 2023
Dinii, a cloud-based restaurant management platform, raises $45M Series B
Japan has always been a strong market for bringing technology into the experience of consuming food, and now one of the startups leading on this idea is attracting investors from across the ocean. Dinii, which lets diners order food from restaurants and shops through a mobile platform, has raised $48 million (7.46 billion JPY). Bessemer Venture Partners and Hillhouse Investment Management are leading the investment, with Ecelectic and Flight Deck Capital participating. Notably, this is the firs
Sep 25, 2024
Food delivery is seeing more consolidation: GrubMarket snaps up FreshGoGo
GrubMarket, the $3.6 billion food delivery and supply chain startup backed by Tiger Global, BlackRock and nearly 100 other investors, has snapped up another food delivery startup on its consolidation march: It is acquiring FreshGoGo, a New York-based, B2C platform selling Asian groceries and ready-made dishes. Terms of the deal are not being disclosed, but we understand that the deal involves a mix of cash and shares in GrubMarket. FreshGoGo had raised around $15 million from individual investo
Aug 27, 2024