Source: The Verge
Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines.
After Pilotworks abruptly shutdown and left nearly 200 food businesses scrambling, crowdfunding sites PieShell and OurHarvest have launched a joint campaign to raise money for those impacted. Head here to support their efforts.
Softbank Vision Fund has invested $375 million in Zume, the robot pizza maker startup. Kraft Heinz has acquired AI startup Wellio for an undisclosed sum. Dirty Lemon has discontinued its CBD beverage, reflecting a larger response to the unpredictable space from big industry players like Coca-Cola.
And finally, Instacart has launched its grocery pick-up service nationwide.
Check out our weekly round-up of last week’s top food startup, tech and innovation news below or peruse the full newsletter here.
1. SoftBank Deal Values Food Startup Zume at $2.25B – Wall Street Journal
The robot pizza maker has closed a $375m round of capital through SoftBank Vision Fund.
The new pickup option works alongside Instacart’s delivery service, which supports many of the same supermarkets.
OurHarvest and PieShell are currently running a crowdfunding campaign on PieShell for the businesses impacted by Pilotworks’ closure.
Terms of the deal were not disclosed. Wellio’s service reads like a meal kit. The question now is whether Kraft Heinz will continue its product or integrate its AI capabilities.
The company announced it will discontinue sales until the regulatory framework around hemp-derived CBD is clarified on a federal and state level.
6. Agrifood — the $8T Industry That’s Worth Your Salt – TechCrunch
Early-stage investment in agrifood tech startups reached $10.1b in 2017, a 29% increase on the previous year.
7. The Food Giant Behind Peapod and Stop & Shop Will Build ‘Robot Supermarkets’ in a Bold Move to Keep Up in the Online Grocery Wars – Business Insider
Ahold Delhaize will roll out small, automated warehouses to speed up its order picking and delivery times through its partnership with Takeoff.
The big question is whether House Agriculture Chairman Mike Conaway will give up his push for controversial work requirements.
9. Noosa Yoghurt Merges with Sovos Brands, Eyes Up Category Extensions Beyond Spoonable Yogurt – Food Navigator
Sovos has a growing portfolio of premium CPG brands that plans to extend the Noosa brand into categories beyond spoonable yogurt.
10. Resy Acquires Reserve, in the Fierce Tussle Over Restaurant Reservations – New York Times
Financial terms were undisclosed. With the addition of Reserve, Resy will now serve 4k restaurants in the US.
An undisclosed family office led the round. Funding will be used to help build out licenses within the company’s portfolio.
12. Rural America’s Favorite Store Is Moving Into the Big City – Bloomberg
Dollar General is trying to transcend its roots with a millennial-focused urban concept called DGX.
13. Alibaba Used Shoppers’ Data to Invent a Spicy Snickers Bar – Bloomberg
The e-commerce giant is vacuuming up data from people shopping, searching and sharing online and providing it to companies like Mars.
We created this open-source list to increase representation, support and investment in women, women of color & gender-nonconforming innovators in food. Join the list & help us spread the word using #womxninfood
We’re rethinking the way food is made, starting with community. The Alpha Community. Join us to help develop, test, and get early access to food designed for your tastes and values.
Our newsletter is the absolute easiest way to stay on top of the emerging sector, so sign up for it today and never miss the latest food tech and innovation news and trends, Already signed up? Share the love with your friends and colleagues!
The post Zume Pizza Raises $375M, Instacart Launches Grocery Pickup Across US + More appeared first on Food+Tech Connect.
Go to Source
Author: Phoebe Tran