article thumbnail

Food delivery is seeing more consolidation: GrubMarket snaps up FreshGoGo

TechCrunch: M&A

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. GrubMarket, the $3.6-billion,

Food 227
article thumbnail

Food Venture Financing News - Weekly Issue No. 208

JD Supra: Mergers

PepsiCo announced that it will acquire Siete Foods, a popular Mexican-American food brand, for $1.2 Mondelēz International’s corporate venture capital arm has announced that it purchased a minority stake in Urban Legend, a UK-based fresh doughnut and pastry business, for an undisclosed sum. By: Davis Wright Tremaine LLP

Food 163
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Food Venture Financing News - Weekly Issue No. 206

JD Supra: Mergers

Food Venture Financing Trends - Formo, a fermentation startup that develops alternative cheeses, announced that it raised $61 million in its Series B round. By: Davis Wright Tremaine LLP

Food 175
article thumbnail

Beverage & Food Industry in 2024: 10 Hot Topics for Beverage & Food Industry Founders, Investors, and Executives

JD Supra: Mergers

2023 was a pivotal year for the beverage and food industry globally, creating new categories of winners and losers across the board. With a full year of operations largely relieved of pandemic-era restrictions, restaurant companies that survived the pandemic posted record numbers.

Food 206
article thumbnail

Food Venture Financing News - Weekly Issue No. 165

JD Supra: Mergers

Food Venture Financing Trends - Nongshim, a South Korean food and beverage company, announced that it is investing $7.4 million in developing foodtech startups and technologies. By: Davis Wright Tremaine LLP

Food 163
article thumbnail

Food Venture Financing News - Weekly Issue No.166

JD Supra: Mergers

Food Venture Financing Trends - - Ferrara Candy announced that it plans to buy Jelly Belly Candy, the prominent jelly bean business, for an undisclosed amount. Tyson Foods announced that it plans to make a strategic minority investment in Protix, an insect protein startup company. By: Davis Wright Tremaine LLP

Food 163
article thumbnail

Ten Issues to Consider When Acquiring a Food Business

JD Supra: Mergers

The food industry is generally considered recession-resistant and less susceptible to economic downturns than other sectors, making it an attractive investment for private equity firms seeking stable returns.

Food 157