Agtech startup Pure Harvest Smart Farms secures US$100m funding

UAE – Pure Harvest Smart Farms, a tech-enabled agribusiness stratup in the United Arab Emirates (UAE) has secured a multi-stage investment commitment valued at over US$100 million with Wafra International Investment Company. The capital injection […]

IMCD rebrands Mexican operations to strengthen presence in Latin America

NETHERLANDS – IMCD, a Dutch distributor of food ingredients and speciality chemicals has rebranded its operations in Mexico to IMCD Mexico S.A. de C.V. following the acquisition of Swiss-based DCS Pharma. IMCD signed an agreement […]

Coca-Cola Amatil invests in Indonesian logostics startup Kargo Technologies

INDONESIA – Amatil X, the corporate venture capital platform of Coca-Cola Amatil Indonesia has made a strategic investment in Indonesian logistics startup, Kargo Technologies as part of the bottler’s broader strategy to digitize its operations. […]

Mars commits US$20m to communities in COVID-19 response

USA – Mars Incorporated, the American multinational confectionery, food, and petcare products company, has announced a new commitment which includes an initial cash and in-kind donation of US$20 million to support communities most affected by […]

Save A Lot receives US$350m to accelerate business transformation plan

USA – Save A Lot, an American discount grocery store chain headquartered in Missouri, has received US$350 million in new capital to support the company’s operations and acceleration of its transformation plan. The company, which […]

COVID-19 Update: PepsiCo accelerates relief efforts with US$45m package

USA – The PepsiCo Foundation has announced a more than US$45 million initiative focused on helping people and communities most affected by the Coronavirus pandemic. As efforts accelerate worldwide to provide relief to affected regions, […]

Nafoods Group to invest in new value-added products processing facility

ASIA – IFC-backed Vietnamese agribusiness conglomerate, Nafoods Group has secured a US$5 million funding form the Finnish Fund for International Cooperation to support the company’s expansion plans. Nafoods plans to use the proceeds to set […]

Indonesian agritech firm TaniHub Group raises US$17m to expand operations

INDONESIA – TaniHub Group, one of the leading agritech company’s in Indonesia, has raised US$17 million in a Series A extension round co-led by Openspace Ventures and Intudo Ventures. The round also saw the participation […]

Covantis launches as legal entity, announces CEO and executive appointments

SWITZERLAND – Covantis, the industry initiative that aims to modernize global agribusiness trade operations, has announced that it has received all required regulatory approvals and has incorporated as a legal entity in Geneva, Switzerland, as […]

Greenfields secures solar energy deal for its Indonesian milk processing plant

SINGAPORE – Greenfields, the largest dairy company in Southeast Asia has partnered with Total Solar Distributed Generation (DG) to provide solar power for its biggest milk processing plant in Palaan, East Java, Indonesia. The Indonesian […]