Circulate Capital launches US$106m fund to address Asia’s ocean plastic crisis

ASIA – Singapore-based venture capital firm Circulate Capital, with founding investors and partners PepsiCo, Procter & Gamble, Dow, Danone, Unilever, The Coca-Cola Company has launched the US$106 million Circulate Capital Ocean Fund. The fund, touted […]

Singapore agrifood supply chain startup DiMuto secures funding from SGInnovate

SINGAPORE – DiMuto, a Singapore-based supply chain platform has raised an undisclosed amount of investment from government-owned venture firm, SGInnovate to help drive its expansion into new overseas markets. Founded by Gary Loh, DiMuto creates […]

Williamson Tea Kenya reduces its half year loss despite decline in sales

KENYA – Williamson Tea Kenya and one of its associate farms, Kapchorua Tea Kenya narrowed their losses in the half year ended September and issued pessimistic forecasts for the full year ending March 2020. According […]

South African packaging company Nampak reports full year loss impacted by foreign operations

SOUTH AFRICA – Africa’s largest packaging manufacturer, Nampak, reported a loss of R390m down 132% compared to last year’s profit of R1.2bn (US$81.3m), according to its annual financial results for the year ended September 30, […]

Indian foodtech unicorn Zomato appoints Akriti Chopra as new CFO

INDIA – Zomato, an Indian online food delivery platform, has named Akriti Chopra as the company’s new chief financial officer (CFO). Chopra’s appointment follows the resignation of the Sameer Maheshwary in December last year, having […]

FAO receives US$15m to support research in food security and nutrition

CHINA – The Food and Agriculture Organization of the United Nations (FAO) has received CNY100 million ($15 million) donation from the Ningxia Yanbao Charity Foundation. FOA said the donation will be used to establish a […]

Australian plant-based meat startup v2food raises US$35m in Series A round

AUSTRALIA – Australia’s plant-based meat startup, v2food has raised US$35 million in Series A funding round led by Main Sequence Ventures and Hong Kong business magnate Li Ka-shing’s Horizons Ventures. Sequoia Capital China and Fairfax […]

Chinese fruit supply company Hongjiu Fruit raises US$71m in funding

CHINA – Hongjiu Fruit, which operates across the fruit supply chain in Asia, has secured US$71 million (500 million yuan) in funding as part of its Series C round led by the CMC Capital Partners.  […]

Platinum Equity in talks to acquire Europe’s Biscuit International

FRANCE – Platinum Equity, a Los Angeles based investment firm, unveiled that it has entered into exclusive negotiations to acquire Biscuit International, a leading European manufacturer of private label biscuits from Qualium Investissement. Biscuit International […]