Alibaba, Jeneration Capital lead US$196m series C funding for Chinese food produce platform Nice Tuan
CHINA – Chinese multinational technology company Alibaba, and Hong-Kong based investment company Jeneration Capital have…
Food delivery & E-Commerce
Chinese diaspora focused food and grocery delivery app HungryPanda raises US$70m in series C funding
UK – HungryPanda, a UK-based online delivery platform specifically targeting Chinese consumers outside of China…
B2B online supplier Sokowatch deploys use of electric three wheelers in delivery
EAST AFRICA – East African retail tech start-up, Sokowatch has commenced the use of electric…
Twiga Foods expands footprint in Kenya, sets base in Eldoret
KENYA – Twiga Foods, a business to business food distribution company in Kenya, has launched…
American foodtech startup Afresh raises US$13m in funding round led by Food Retail Ventures
US – American food-tech startup Afresh has raised US$13million in a series A extension extension…
South Africans turn to online grocery shopping with onset of COVID-19
SOUTH AFRICA – The Covid-19 pandemic and its related restrictions have prompted a surge in…
Glovo expands operations to two more towns in Kenya
KENYA – On-demand delivery startup Glovo has announced that it is expanding its operations to…
Egyptian ecommerce platform ExpandCart raises US$2m in Series A funding round
EGYPT – Egyptian based Arabic eCommerce platform, ExpandCart, has raised US$2.5 million in a Series…
South African online retailer Yebo Fresh secures Series A funding to scale up operations
SOUTH AFRICA – South Africa based startup, Yebo Fresh, which delivers fresh, frozen and dry…
US online grocer Farmstead raises US$7.9 million to expand ecommerce platform
US – Farmstead, a fast-rising US online grocery store has raised US$7.9 million in a…
Indonesian ride-hailing and food delivery company Gojeck raises US$150M from Telkomsel
INDONESIA – Gojeck, Indonesia’s home-grown ride-hailing and food delivery company, has raised US$150 million from…
Twiga Foods crafts employee share ownership plan to ensure future growth
KENYA – Kenyan-based technology food distribution platform, Twiga Foods has set up an employee share…
Jumia’s Q3 report indicates its significant progress towards profitability
NIGERIA – Jumia, leading e-commerce platform has reported a year-over-year rise in gross profit in…
Alibaba, food delivery platforms on the spot as China drafts new anti-monopoly rules
CHINA – World’s second largest market China has drafted new rules aimed at preventing monopolistic…
Tata Group eyes majority stake in India’s largest online grocer BigBasket
INDIA – India multinational conglomerate Tata Group is in advanced talks with Alibaba- backed online…
Molson Coors launches e-commerce store in UK to expand market reach
UK – US multinational drink and brewing company Molson Coors Beverage Company has launched Revl,…
Nestlé to acquire majority stake in UK meal kit firm, Mindful Chef
UK – Swiss multinational food and drink processing conglomerate, Nestlé has agreed to acquire a…
Jumia expands scope with launch of third-party delivery services
AFRICA – Leading e-commerce platform in Africa, Jumia has opened its logistic arm to third…
Ocado to acquire two robotics companies to accelerate order delivery
UK – British online grocery retailer Ocado has announced plans to buy two robotics companies…
US retail giant Walmart rolls out new stores integrating online and offline shopping
US — US retail giant Walmart has started rolling out new test stores that function…
Indian e-commerce startup FreshToHome raises funding to expand into Middle East
INDIA – Indian e-commerce company, FreshToHome, has raised $121 million in a Series C funding…
Spanish delivery startup Glovo enters second market in East Africa
UGANDA – Barely two years after launching in Kenya, Spanish delivery startup Glovo has expanded…
Tesco partners Manna to launch drone deliveries in Ireland
IRELAND – Tesco, one of the world’s largest retail chain, has partnered with Irish start-up…
Taxi hailing Bolt ventures into food delivery business as alternative revenue streams
KENYA – Bolt, a taxi hailing service, is venturing into the food delivery business in Kenya…