This Week In Food: A big week for chicken tenders and mega rounds in cellular agriculture

This Week In Food: A big week for chicken tenders and mega rounds in cellular agriculture

By
Nicola Spalding
July 9, 2021

This is a web version of FoodHack's 'This Week In Food' newsletter. Sign up here to receive the next edition to your inbox.

💡 The Digest

📈 What’s Up: As consumers start to ditch masks and get up close and personal again, sales of chewing gum have leapt up by 23%, according to data shared by Bloomberg. Luckily there’s a breath of fresh air in this space with entrants like True Gum, Tree Gum, Mighty Gum, Forest GumShewy and more all working on a new wave of minty, functional and sustainable alternatives.

📉 What’s Down: Scientists have warned that 25% of global harvests are at risk from climate change within decades, with 10% likely to be destroyed by 2050, putting immeasurable pressure on global food supply chains.

💸 We're writing a piece about angel investors in foodtech. Want to nominate an active angel investor we should include on the list? Tag them on the post here.

💸 Funding

Sources: Meati Foods, Equilibrium Capital, Aleph Farms

🥬 Equilibrium Capital closed its second indoor agriculture fund at just over $1 billion, doubling its $500M target. The Controlled Environment Foods Fund II will invest in high-tech greenhouses, vertical farms, alternative proteins, aquaculture and more.

🍖 Israeli cultured meat startup Aleph Farms secured $105M series B funding, one of the largest financing rounds for a cell-based meat company. The firm plans to scale up its manufacturing and expand its product lines and technology ahead of an initial market launch next year.

🍄 Meati Foods closed a $50M series B funding round for its fungi-based whole cut meat alternatives, made via fermentation. At scale, the startup’s patented process can produce the meat equivalent to 4,500 cows every 24 hours.

🌱 German venture capital firm Katjes Greenfood, which invests only in vegetarian and sustainable foods, has launched a crowdfunding campaign with a target of €3M, giving consumers a chance to invest in its startups.

💸 Find all 16 funding rounds of the week here including: Equilibrium Capital, Kitopi, Aleph Farms, C3, Meati Foods, MaxAB, Agrando, Micropep Technologies, AgroSustain, Buddha Brands, Ready Burger, Katjes Greenfood, Vembla, Time-travelling Milkman, DaVinci Kitchen, P&P Optica

🧫 Cellular Agriculture

Source: Mzansi Meat Co.

🧫 South African startup Mzansi Meat Co. has asked President Cyril Ramaphosa, who is also the country’s largest cattle breeder, for cells from his award-winning Ankole cattle to grow slaughter-free heritage beef.

🐷 Israeli food tech startup MeaTech has announced that it is developing cultured pork, targeting a growing market, in addition to its other cultured meat products, which include beef and chicken. 

🍼 A well known cellular agriculture company raised a significant round of funding in their Series A. The news originally broke on media outlet Forbes but was quickly taken down as the news was on embargo. We won't spoil the surprise yet but a quick google search should probably answer your question on who it is.

🌱 Plant Based

Source: Beyond Meat

🐓 Beyond Meat has reinvented its breaded chicken tenders, launching them at hundreds of foodservice outlets in the US this week and re-entering them in the crowded plant based chicken wars. The new formulation is a result of more than a decade of R&D, and is said to close the gap between plant-based and animal-based.

☕️ Singapore startup MAD Foods, reportedly the city-state’s first alt dairy startup, is launching its debut line of plant-based cold brew coffee products. Backed by Big Idea Ventures, it plans to roll out across 1,000 retail locations in the next 12 months.

🧙 Swedish startup The Raging Pig Company has launched a hypnosis program designed to help people give up eating meat, which it claims is the first program of its kind in the world. So many jokes, so little word count.

🍕 British startups One Planet Pizza and VFC collaborated in honour of National Fried Chicken Day to launch the No Clucks Pizza: a delicious, plant-based pizza topped with VFC’s new popcorn Vegan Fried Chick*n pieces with a cornflake coating.

🐑 Indian startup PlantMade has launched what it claims are the country’s first vegan lamb seekh kebabs, based on a traditional recipe. The kebabs will be available frozen and are designed to cater to a specific Indian taste.

🍳 Japanese plant-based food tech Next Meats has unveiled a vegan egg alternative, Next Egg 1.0, to meet the growing demands of the “vegan population and those with egg allergies” in Japan and beyond.

🥚British confectionary brand Mummy Meagz has launched the first crème egg to be available all year round into ASDA stores, and it’s vegan. It features a “creamy” vegan milk chocolate shell and a smooth fondant filling. Yum.

🍫 London-based Fabulous has launched what it claims are the first vegan hazelnut and chocolate spread made with chickpeas as the main ingredient. The new line has won a 2-Star Great Taste Award, is organic, high in protein, and low in sugar.

eGrocery & Marketplaces

Source: Dija

💰 US grocery delivery app GoPuff is in talks to acquire London-based 10-minute grocery delivery startup Dija, which only launched in March after raising a $20M seed round in December.

💳 Online supermarket Gorillas is committed to offering financial services in the future and is reportedly planning its own credit card with an associated bank account, which will give customers discounts on their app purchases whilst collecting purchasing insights.

🇳🇱 London-based on-demand grocery service Zapp has now expanded into the Netherlands. Starting in Amsterdam, it plans to launch in Rotterdam before conquering other countries with its 20-minute, no minimum order offer.

🛵 Turkish speedy grocery delivery service Getir plans to launch into 15 cities in the UK, operating 100 dark stores and doubling its workforce, by the end of the year.

🔔 Indian food delivery service Zomato is targeting $1.3B in its IPO next week, with an upper limit valuation of $8.56B. The 12 year old startup is the country’s first high-profile tech firm to explore going public.

🕴Big Food

Source: Coop Sweeden

💻 Swedish supermarket chain Coop was forced to close 800 stores for nearly a week as it was unable to process its cash register payments due to a ransomware attack. Hackers demanded $70M to restore data, and Coop’s payment provider had to manually restore all of its registers from a backup so that stores could reopen.

🥪 Subway has announced an “Eat Fresh Refresh” menu makeover on its entire core menu, closing its stores for one day to prepare for the changes. The menu updates include 11 new and improved ingredients, six new or returning sandwiches, and four revamped signature sandwiches.

🛒 British supermarket chain Morrisons has agreed to a £6.3 billion takeover offer from newly-formed US consortium Bidco, led by Fortress Investment Group, having rejected a £5.52 billion bid in June. Upon completion of the takeover, Morrisons will continue operating as a standalone business.

🥣 Greek yoghurt giant Chobani has confidentially filed for IPO, through a draft registration statement with the Securities and Exchange Commission. Should it proceed, it will likely raise hundreds of millions of dollars.

🐓 Tyson Foods is recalling 8.5 million pounds of ready-to-eat chicken products, both branded and private label, due to a possible Listeria monocytogenes contamination. Retailers, foodservice operators and institutions have all been affected by the recall.


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This is a web version of FoodHack's 'This Week In Food' newsletter. Sign up here to receive the next edition to your inbox.

💡 The Digest

📈 What’s Up: As consumers start to ditch masks and get up close and personal again, sales of chewing gum have leapt up by 23%, according to data shared by Bloomberg. Luckily there’s a breath of fresh air in this space with entrants like True Gum, Tree Gum, Mighty Gum, Forest GumShewy and more all working on a new wave of minty, functional and sustainable alternatives.

📉 What’s Down: Scientists have warned that 25% of global harvests are at risk from climate change within decades, with 10% likely to be destroyed by 2050, putting immeasurable pressure on global food supply chains.

💸 We're writing a piece about angel investors in foodtech. Want to nominate an active angel investor we should include on the list? Tag them on the post here.

💸 Funding

Sources: Meati Foods, Equilibrium Capital, Aleph Farms

🥬 Equilibrium Capital closed its second indoor agriculture fund at just over $1 billion, doubling its $500M target. The Controlled Environment Foods Fund II will invest in high-tech greenhouses, vertical farms, alternative proteins, aquaculture and more.

🍖 Israeli cultured meat startup Aleph Farms secured $105M series B funding, one of the largest financing rounds for a cell-based meat company. The firm plans to scale up its manufacturing and expand its product lines and technology ahead of an initial market launch next year.

🍄 Meati Foods closed a $50M series B funding round for its fungi-based whole cut meat alternatives, made via fermentation. At scale, the startup’s patented process can produce the meat equivalent to 4,500 cows every 24 hours.

🌱 German venture capital firm Katjes Greenfood, which invests only in vegetarian and sustainable foods, has launched a crowdfunding campaign with a target of €3M, giving consumers a chance to invest in its startups.

💸 Find all 16 funding rounds of the week here including: Equilibrium Capital, Kitopi, Aleph Farms, C3, Meati Foods, MaxAB, Agrando, Micropep Technologies, AgroSustain, Buddha Brands, Ready Burger, Katjes Greenfood, Vembla, Time-travelling Milkman, DaVinci Kitchen, P&P Optica

🧫 Cellular Agriculture

Source: Mzansi Meat Co.

🧫 South African startup Mzansi Meat Co. has asked President Cyril Ramaphosa, who is also the country’s largest cattle breeder, for cells from his award-winning Ankole cattle to grow slaughter-free heritage beef.

🐷 Israeli food tech startup MeaTech has announced that it is developing cultured pork, targeting a growing market, in addition to its other cultured meat products, which include beef and chicken. 

🍼 A well known cellular agriculture company raised a significant round of funding in their Series A. The news originally broke on media outlet Forbes but was quickly taken down as the news was on embargo. We won't spoil the surprise yet but a quick google search should probably answer your question on who it is.

🌱 Plant Based

Source: Beyond Meat

🐓 Beyond Meat has reinvented its breaded chicken tenders, launching them at hundreds of foodservice outlets in the US this week and re-entering them in the crowded plant based chicken wars. The new formulation is a result of more than a decade of R&D, and is said to close the gap between plant-based and animal-based.

☕️ Singapore startup MAD Foods, reportedly the city-state’s first alt dairy startup, is launching its debut line of plant-based cold brew coffee products. Backed by Big Idea Ventures, it plans to roll out across 1,000 retail locations in the next 12 months.

🧙 Swedish startup The Raging Pig Company has launched a hypnosis program designed to help people give up eating meat, which it claims is the first program of its kind in the world. So many jokes, so little word count.

🍕 British startups One Planet Pizza and VFC collaborated in honour of National Fried Chicken Day to launch the No Clucks Pizza: a delicious, plant-based pizza topped with VFC’s new popcorn Vegan Fried Chick*n pieces with a cornflake coating.

🐑 Indian startup PlantMade has launched what it claims are the country’s first vegan lamb seekh kebabs, based on a traditional recipe. The kebabs will be available frozen and are designed to cater to a specific Indian taste.

🍳 Japanese plant-based food tech Next Meats has unveiled a vegan egg alternative, Next Egg 1.0, to meet the growing demands of the “vegan population and those with egg allergies” in Japan and beyond.

🥚British confectionary brand Mummy Meagz has launched the first crème egg to be available all year round into ASDA stores, and it’s vegan. It features a “creamy” vegan milk chocolate shell and a smooth fondant filling. Yum.

🍫 London-based Fabulous has launched what it claims are the first vegan hazelnut and chocolate spread made with chickpeas as the main ingredient. The new line has won a 2-Star Great Taste Award, is organic, high in protein, and low in sugar.

eGrocery & Marketplaces

Source: Dija

💰 US grocery delivery app GoPuff is in talks to acquire London-based 10-minute grocery delivery startup Dija, which only launched in March after raising a $20M seed round in December.

💳 Online supermarket Gorillas is committed to offering financial services in the future and is reportedly planning its own credit card with an associated bank account, which will give customers discounts on their app purchases whilst collecting purchasing insights.

🇳🇱 London-based on-demand grocery service Zapp has now expanded into the Netherlands. Starting in Amsterdam, it plans to launch in Rotterdam before conquering other countries with its 20-minute, no minimum order offer.

🛵 Turkish speedy grocery delivery service Getir plans to launch into 15 cities in the UK, operating 100 dark stores and doubling its workforce, by the end of the year.

🔔 Indian food delivery service Zomato is targeting $1.3B in its IPO next week, with an upper limit valuation of $8.56B. The 12 year old startup is the country’s first high-profile tech firm to explore going public.

🕴Big Food

Source: Coop Sweeden

💻 Swedish supermarket chain Coop was forced to close 800 stores for nearly a week as it was unable to process its cash register payments due to a ransomware attack. Hackers demanded $70M to restore data, and Coop’s payment provider had to manually restore all of its registers from a backup so that stores could reopen.

🥪 Subway has announced an “Eat Fresh Refresh” menu makeover on its entire core menu, closing its stores for one day to prepare for the changes. The menu updates include 11 new and improved ingredients, six new or returning sandwiches, and four revamped signature sandwiches.

🛒 British supermarket chain Morrisons has agreed to a £6.3 billion takeover offer from newly-formed US consortium Bidco, led by Fortress Investment Group, having rejected a £5.52 billion bid in June. Upon completion of the takeover, Morrisons will continue operating as a standalone business.

🥣 Greek yoghurt giant Chobani has confidentially filed for IPO, through a draft registration statement with the Securities and Exchange Commission. Should it proceed, it will likely raise hundreds of millions of dollars.

🐓 Tyson Foods is recalling 8.5 million pounds of ready-to-eat chicken products, both branded and private label, due to a possible Listeria monocytogenes contamination. Retailers, foodservice operators and institutions have all been affected by the recall.


How did you like today's email?

Love it 😁 Meh 😐 Hate it 🙁

Curated by Nicola & Arman

This is a web version of FoodHack's 'This Week In Food' newsletter. Sign up here to receive the next edition to your inbox.

💡 The Digest

📈 What’s Up: As consumers start to ditch masks and get up close and personal again, sales of chewing gum have leapt up by 23%, according to data shared by Bloomberg. Luckily there’s a breath of fresh air in this space with entrants like True Gum, Tree Gum, Mighty Gum, Forest GumShewy and more all working on a new wave of minty, functional and sustainable alternatives.

📉 What’s Down: Scientists have warned that 25% of global harvests are at risk from climate change within decades, with 10% likely to be destroyed by 2050, putting immeasurable pressure on global food supply chains.

💸 We're writing a piece about angel investors in foodtech. Want to nominate an active angel investor we should include on the list? Tag them on the post here.

💸 Funding

Sources: Meati Foods, Equilibrium Capital, Aleph Farms

🥬 Equilibrium Capital closed its second indoor agriculture fund at just over $1 billion, doubling its $500M target. The Controlled Environment Foods Fund II will invest in high-tech greenhouses, vertical farms, alternative proteins, aquaculture and more.

🍖 Israeli cultured meat startup Aleph Farms secured $105M series B funding, one of the largest financing rounds for a cell-based meat company. The firm plans to scale up its manufacturing and expand its product lines and technology ahead of an initial market launch next year.

🍄 Meati Foods closed a $50M series B funding round for its fungi-based whole cut meat alternatives, made via fermentation. At scale, the startup’s patented process can produce the meat equivalent to 4,500 cows every 24 hours.

🌱 German venture capital firm Katjes Greenfood, which invests only in vegetarian and sustainable foods, has launched a crowdfunding campaign with a target of €3M, giving consumers a chance to invest in its startups.

💸 Find all 16 funding rounds of the week here including: Equilibrium Capital, Kitopi, Aleph Farms, C3, Meati Foods, MaxAB, Agrando, Micropep Technologies, AgroSustain, Buddha Brands, Ready Burger, Katjes Greenfood, Vembla, Time-travelling Milkman, DaVinci Kitchen, P&P Optica

🧫 Cellular Agriculture

Source: Mzansi Meat Co.

🧫 South African startup Mzansi Meat Co. has asked President Cyril Ramaphosa, who is also the country’s largest cattle breeder, for cells from his award-winning Ankole cattle to grow slaughter-free heritage beef.

🐷 Israeli food tech startup MeaTech has announced that it is developing cultured pork, targeting a growing market, in addition to its other cultured meat products, which include beef and chicken. 

🍼 A well known cellular agriculture company raised a significant round of funding in their Series A. The news originally broke on media outlet Forbes but was quickly taken down as the news was on embargo. We won't spoil the surprise yet but a quick google search should probably answer your question on who it is.

🌱 Plant Based

Source: Beyond Meat

🐓 Beyond Meat has reinvented its breaded chicken tenders, launching them at hundreds of foodservice outlets in the US this week and re-entering them in the crowded plant based chicken wars. The new formulation is a result of more than a decade of R&D, and is said to close the gap between plant-based and animal-based.

☕️ Singapore startup MAD Foods, reportedly the city-state’s first alt dairy startup, is launching its debut line of plant-based cold brew coffee products. Backed by Big Idea Ventures, it plans to roll out across 1,000 retail locations in the next 12 months.

🧙 Swedish startup The Raging Pig Company has launched a hypnosis program designed to help people give up eating meat, which it claims is the first program of its kind in the world. So many jokes, so little word count.

🍕 British startups One Planet Pizza and VFC collaborated in honour of National Fried Chicken Day to launch the No Clucks Pizza: a delicious, plant-based pizza topped with VFC’s new popcorn Vegan Fried Chick*n pieces with a cornflake coating.

🐑 Indian startup PlantMade has launched what it claims are the country’s first vegan lamb seekh kebabs, based on a traditional recipe. The kebabs will be available frozen and are designed to cater to a specific Indian taste.

🍳 Japanese plant-based food tech Next Meats has unveiled a vegan egg alternative, Next Egg 1.0, to meet the growing demands of the “vegan population and those with egg allergies” in Japan and beyond.

🥚British confectionary brand Mummy Meagz has launched the first crème egg to be available all year round into ASDA stores, and it’s vegan. It features a “creamy” vegan milk chocolate shell and a smooth fondant filling. Yum.

🍫 London-based Fabulous has launched what it claims are the first vegan hazelnut and chocolate spread made with chickpeas as the main ingredient. The new line has won a 2-Star Great Taste Award, is organic, high in protein, and low in sugar.

eGrocery & Marketplaces

Source: Dija

💰 US grocery delivery app GoPuff is in talks to acquire London-based 10-minute grocery delivery startup Dija, which only launched in March after raising a $20M seed round in December.

💳 Online supermarket Gorillas is committed to offering financial services in the future and is reportedly planning its own credit card with an associated bank account, which will give customers discounts on their app purchases whilst collecting purchasing insights.

🇳🇱 London-based on-demand grocery service Zapp has now expanded into the Netherlands. Starting in Amsterdam, it plans to launch in Rotterdam before conquering other countries with its 20-minute, no minimum order offer.

🛵 Turkish speedy grocery delivery service Getir plans to launch into 15 cities in the UK, operating 100 dark stores and doubling its workforce, by the end of the year.

🔔 Indian food delivery service Zomato is targeting $1.3B in its IPO next week, with an upper limit valuation of $8.56B. The 12 year old startup is the country’s first high-profile tech firm to explore going public.

🕴Big Food

Source: Coop Sweeden

💻 Swedish supermarket chain Coop was forced to close 800 stores for nearly a week as it was unable to process its cash register payments due to a ransomware attack. Hackers demanded $70M to restore data, and Coop’s payment provider had to manually restore all of its registers from a backup so that stores could reopen.

🥪 Subway has announced an “Eat Fresh Refresh” menu makeover on its entire core menu, closing its stores for one day to prepare for the changes. The menu updates include 11 new and improved ingredients, six new or returning sandwiches, and four revamped signature sandwiches.

🛒 British supermarket chain Morrisons has agreed to a £6.3 billion takeover offer from newly-formed US consortium Bidco, led by Fortress Investment Group, having rejected a £5.52 billion bid in June. Upon completion of the takeover, Morrisons will continue operating as a standalone business.

🥣 Greek yoghurt giant Chobani has confidentially filed for IPO, through a draft registration statement with the Securities and Exchange Commission. Should it proceed, it will likely raise hundreds of millions of dollars.

🐓 Tyson Foods is recalling 8.5 million pounds of ready-to-eat chicken products, both branded and private label, due to a possible Listeria monocytogenes contamination. Retailers, foodservice operators and institutions have all been affected by the recall.


How did you like today's email?

Love it 😁 Meh 😐 Hate it 🙁

Curated by Nicola & Arman

This is a web version of FoodHack's 'This Week In Food' newsletter. Sign up here to receive the next edition to your inbox.

💡 The Digest

📈 What’s Up: As consumers start to ditch masks and get up close and personal again, sales of chewing gum have leapt up by 23%, according to data shared by Bloomberg. Luckily there’s a breath of fresh air in this space with entrants like True Gum, Tree Gum, Mighty Gum, Forest GumShewy and more all working on a new wave of minty, functional and sustainable alternatives.

📉 What’s Down: Scientists have warned that 25% of global harvests are at risk from climate change within decades, with 10% likely to be destroyed by 2050, putting immeasurable pressure on global food supply chains.

💸 We're writing a piece about angel investors in foodtech. Want to nominate an active angel investor we should include on the list? Tag them on the post here.

💸 Funding

Sources: Meati Foods, Equilibrium Capital, Aleph Farms

🥬 Equilibrium Capital closed its second indoor agriculture fund at just over $1 billion, doubling its $500M target. The Controlled Environment Foods Fund II will invest in high-tech greenhouses, vertical farms, alternative proteins, aquaculture and more.

🍖 Israeli cultured meat startup Aleph Farms secured $105M series B funding, one of the largest financing rounds for a cell-based meat company. The firm plans to scale up its manufacturing and expand its product lines and technology ahead of an initial market launch next year.

🍄 Meati Foods closed a $50M series B funding round for its fungi-based whole cut meat alternatives, made via fermentation. At scale, the startup’s patented process can produce the meat equivalent to 4,500 cows every 24 hours.

🌱 German venture capital firm Katjes Greenfood, which invests only in vegetarian and sustainable foods, has launched a crowdfunding campaign with a target of €3M, giving consumers a chance to invest in its startups.

💸 Find all 16 funding rounds of the week here including: Equilibrium Capital, Kitopi, Aleph Farms, C3, Meati Foods, MaxAB, Agrando, Micropep Technologies, AgroSustain, Buddha Brands, Ready Burger, Katjes Greenfood, Vembla, Time-travelling Milkman, DaVinci Kitchen, P&P Optica

🧫 Cellular Agriculture

Source: Mzansi Meat Co.

🧫 South African startup Mzansi Meat Co. has asked President Cyril Ramaphosa, who is also the country’s largest cattle breeder, for cells from his award-winning Ankole cattle to grow slaughter-free heritage beef.

🐷 Israeli food tech startup MeaTech has announced that it is developing cultured pork, targeting a growing market, in addition to its other cultured meat products, which include beef and chicken. 

🍼 A well known cellular agriculture company raised a significant round of funding in their Series A. The news originally broke on media outlet Forbes but was quickly taken down as the news was on embargo. We won't spoil the surprise yet but a quick google search should probably answer your question on who it is.

🌱 Plant Based

Source: Beyond Meat

🐓 Beyond Meat has reinvented its breaded chicken tenders, launching them at hundreds of foodservice outlets in the US this week and re-entering them in the crowded plant based chicken wars. The new formulation is a result of more than a decade of R&D, and is said to close the gap between plant-based and animal-based.

☕️ Singapore startup MAD Foods, reportedly the city-state’s first alt dairy startup, is launching its debut line of plant-based cold brew coffee products. Backed by Big Idea Ventures, it plans to roll out across 1,000 retail locations in the next 12 months.

🧙 Swedish startup The Raging Pig Company has launched a hypnosis program designed to help people give up eating meat, which it claims is the first program of its kind in the world. So many jokes, so little word count.

🍕 British startups One Planet Pizza and VFC collaborated in honour of National Fried Chicken Day to launch the No Clucks Pizza: a delicious, plant-based pizza topped with VFC’s new popcorn Vegan Fried Chick*n pieces with a cornflake coating.

🐑 Indian startup PlantMade has launched what it claims are the country’s first vegan lamb seekh kebabs, based on a traditional recipe. The kebabs will be available frozen and are designed to cater to a specific Indian taste.

🍳 Japanese plant-based food tech Next Meats has unveiled a vegan egg alternative, Next Egg 1.0, to meet the growing demands of the “vegan population and those with egg allergies” in Japan and beyond.

🥚British confectionary brand Mummy Meagz has launched the first crème egg to be available all year round into ASDA stores, and it’s vegan. It features a “creamy” vegan milk chocolate shell and a smooth fondant filling. Yum.

🍫 London-based Fabulous has launched what it claims are the first vegan hazelnut and chocolate spread made with chickpeas as the main ingredient. The new line has won a 2-Star Great Taste Award, is organic, high in protein, and low in sugar.

eGrocery & Marketplaces

Source: Dija

💰 US grocery delivery app GoPuff is in talks to acquire London-based 10-minute grocery delivery startup Dija, which only launched in March after raising a $20M seed round in December.

💳 Online supermarket Gorillas is committed to offering financial services in the future and is reportedly planning its own credit card with an associated bank account, which will give customers discounts on their app purchases whilst collecting purchasing insights.

🇳🇱 London-based on-demand grocery service Zapp has now expanded into the Netherlands. Starting in Amsterdam, it plans to launch in Rotterdam before conquering other countries with its 20-minute, no minimum order offer.

🛵 Turkish speedy grocery delivery service Getir plans to launch into 15 cities in the UK, operating 100 dark stores and doubling its workforce, by the end of the year.

🔔 Indian food delivery service Zomato is targeting $1.3B in its IPO next week, with an upper limit valuation of $8.56B. The 12 year old startup is the country’s first high-profile tech firm to explore going public.

🕴Big Food

Source: Coop Sweeden

💻 Swedish supermarket chain Coop was forced to close 800 stores for nearly a week as it was unable to process its cash register payments due to a ransomware attack. Hackers demanded $70M to restore data, and Coop’s payment provider had to manually restore all of its registers from a backup so that stores could reopen.

🥪 Subway has announced an “Eat Fresh Refresh” menu makeover on its entire core menu, closing its stores for one day to prepare for the changes. The menu updates include 11 new and improved ingredients, six new or returning sandwiches, and four revamped signature sandwiches.

🛒 British supermarket chain Morrisons has agreed to a £6.3 billion takeover offer from newly-formed US consortium Bidco, led by Fortress Investment Group, having rejected a £5.52 billion bid in June. Upon completion of the takeover, Morrisons will continue operating as a standalone business.

🥣 Greek yoghurt giant Chobani has confidentially filed for IPO, through a draft registration statement with the Securities and Exchange Commission. Should it proceed, it will likely raise hundreds of millions of dollars.

🐓 Tyson Foods is recalling 8.5 million pounds of ready-to-eat chicken products, both branded and private label, due to a possible Listeria monocytogenes contamination. Retailers, foodservice operators and institutions have all been affected by the recall.


How did you like today's email?

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Curated by Nicola & Arman

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