FoodTech

Delivery Hero Turns Profitable and Sets Its Sights on Dominating Asian Markets

2 months ago

In a remarkable turnaround, Delivery Hero, the global food delivery giant, has announced that it has finally reached profitability, a milestone that positions the company favorably as it looks to expand its footprint in the competitive Asian market. This achievement comes after several years of significant investments and strategic restructuring, signaling a new era for the organization.

NotCo Transfers North American Operations to Kraft Heinz: A Strategic Shift in Plant-Based Foods

2 months ago

In a significant strategic move within the plant-based food industry, Chilean food technology company NotCo has officially handed over its North American operations to food giant Kraft Heinz. The decision signals a pivotal shift for NotCo, which is renowned for its innovative approach to plant-based products, leveraging artificial intelligence to create alternatives for dairy and meat.

Rebel Foods Raises Funds as it Prepares for Upcoming IPO in India

4 months ago

In a significant development within the Indian startup ecosystem, Rebel Foods, famous for its cloud kitchen model and its popular brands like Faasos and Behrouz Biryani, has successfully secured new funding ahead of a planned initial public offering (IPO). This round of financing highlights the ongoing investor confidence in the food tech sector, particularly in the innovative models that Rebel Foods has introduced.

Zomato's Stock Soars as it Prepares to Join the Elite Sensex Index

4 months ago

In a momentous shift for the Indian stock market, food delivery giant Zomato is set to become the first new-age technology firm to be listed on the Sensex, India's benchmark equity index. This anticipated inclusion has led to a significant rally in Zomato's shares, reflecting both investor confidence and the growing importance of tech-driven companies in the Indian economy.

Dubai's Delivery Hero Plans a High-Stakes IPO for Talabat, Targeting $1.5 Billion

5 months ago

The culinary landscape of the Middle East is set for a significant shift as Delivery Hero AG, a leading global food delivery service, moves forward with plans to initiate an Initial Public Offering (IPO) for its subsidiary, Talabat. This IPO could potentially raise around $1.5 billion, signaling a major financial endeavor for the company and its stakeholders in the UAE.

Prosus Reaps $2 Billion Windfall from Swiggy's IPO Valuation Surge

5 months ago

In a significant financial development, Prosus has reported a profit of $2 billion from its investment in Indian food delivery giant Swiggy, coinciding with the company's recent public offering (IPO). Swiggy, which has rapidly expanded across the Indian subcontinent, saw its valuation soar to an impressive $10.7 billion post-IPO, offering substantial returns for early backers like Prosus.