Food Industry News : Inspire food Business

ZEPTO RAISES $100M IN NEW FUNDING ROUND DOUBLING ITS VALUATION TO $570M

30 Dec 2021 Read: 3 min.

Zepto, the Indian instant grocery delivery start-up, has raised $100 million (€88m) in a funding round led by a Silicone Valley Y Combinator Continuity Fund, taking its valuation to $570 million (€503m), and more than doubling its worth from $225m (€198m) - all within five months of starting its service.

AMERICAS BEVERAGES FOOD PROCESSING NEWS

ADM BOOSTS HIGH-VALUE FLAVOURS BUSINESS WITH LATEST ACQUISITION

30 Dec 2021 Read: 2 min.

ADM, a global player in nutrition and agricultural origination and processing, has acquired Flavor Infusion International SA (FISA), the flavour and speciality ingredient solutions provider for customers in Latin America and the Caribbean.

AMERICAS NEWS ORGANIC & WELLNESS TOPICS

CLIF BAR TO TARGET PET FOOD SECTOR IN 2022 WITH LAUNCH OF VEGAN DOG TREATS

29 Dec 2021 Read: 3 min.

Clif Bar is leaping into the pet food category with the launch of its new line of plant-based snacks for dogs.

EUROPE NEWS

PFAS RULES FOR 2022 SET TO IMPROVE ECO-SAFETY OF FOOD PACKAGING

29 Dec 2021 Read: 2 min.

A step forward in the environmental safety of food packaging is expected next year, with the European Union set to introduce rules around PFAS, a widely used group of chemicals.

NEWS

US GROCERY BUDGETS PREDICTED TO RISE BY 14% IN 2022, ACCORDING TO NEW SURVEY

28 Dec 2021 Read: 3 min.

American consumers expect to spend around 14% more on their grocery shopping in 2022, according to a new consumer survey from KPMG.

AMERICAS BEVERAGES NEWS ORGANIC & WELLNESS

GREEN COFFEE COMPANY EASILY COMPLETES $9.6 MILLION FUNDING ROUND AND UPSIZES

28 Dec 2021 Read: 2 min.

Colombia’s Green Coffee Company (GCC) has closed an initial and well subscribed $9.6 million Series B funding stage, bringing over 180 individual investors into the business.

AMERICAS NEWS ORGANIC & WELLNESS

WALMART SUPPLY CHAIN PLAN NOW TARGETS EMISSIONS CUTS AS PART OF 1.5 DEGREE PATHWAY

27 Dec 2021 Read: 3 min.

The world’s biggest grocer retailer, Walmart, has moved to the next phase in its path to cut one billion metric tons (a gigaton) of greenhouse gas (GHG) emissions from its global supply chain by 2030.

OCEANIA TRADE TALK

WOOLWORTHS DOWNGRADES PROFIT FORECAST BUT LONG-TERM OUTLOOK UNAFFECTED

27 Dec 2021 Read: 2 min.

An easing of Covid-19 restrictions has caused Woolworths Group, the Australian supermarket chain, to lower its forecast for revenues from its food business.

TRADE TALK

HOT DRINKS INDUSTRY ENJOYING FAST GROWTH WITH REVENUES SET TO REACH €228 MILLION BY 2026

24 Dec 2021 Read: 2 min.

The hot drinks industry is set to be worth more than a quarter of a trillion dollars within five years, according to a newly published report.

ASIA NEWS

HUNGRYPANDA SHOWS INVESTORS’ HUNGER FOR FOOD DELIVERY AS IT RAISES $130M

24 Dec 2021 Read: 3 min.

HungryPanda, a company that delivers Asian food and groceries, has raised $130 million (€114.8 million) in its latest round of funding as it looks to further expand the number of cities in which it operates.

AMERICAS

PEPSICO FOUNDATION PLEDGES $100M TO EXPAND FOOD AID PROGRAM GLOBALLY

23 Dec 2021 Read: 3 min.

The PepsiCo Foundation has announced plans to expand its Food For Good program, to address hunger globally, pledging $100 million in new food security initiatives and sustainable agriculture development by 2030.

AMERICAS DAIRY PRODUCTS FRUITS & VEGETABLES GROCERY MEAT NEWS ORGANIC & WELLNESS

CANADA’S FOOD PRICES TO RISE BY UP TO 7% IN 2022: REPORT

23 Dec 2021 Read: 2 min.

The study, Canada’s Food Price Report 2022, says that number of issues are driving the price hike.

Inspire Food Business

Inspire
Food
Business