InnerChef, a Gurgaon-based food tech startup that delivers both ready-to-cook and ready-to-eat meals, has raised $2.5 million in a Series A led by the Japanese early stage fund, Mistletoe, and including M&S Fund Singapore and additional existing investors. Launched in 2015 by partners Rajesh Sawhney, Sanjeev Singhal, and Bal Dighent, InnerChef currently delivers 100,000 meals […]
Thai Union announced it has agreed to acquire the remaining 18 percent stake it does not already own in Tri-Union Frozen Products, which trades as Chicken of the Sea Frozen Foods (COSFF), from California-based Diversified Food Products, which is led by Bryan Rossenberg, president and CEO of COSFF, for $46 million. The deal, which gives […]
North American packaged food giant, ConAgra Foods, announced that it has agreed to acquire the specialty packaged food business of Frontera Foods and Red Food LLC, including the Frontera, Red Fork, and Salpica brands for an undisclosed amount. Frontera, which makes premium Mexican food products including salsa, sauces, and meals, and Red Fork, which produces premium […]
The Teachers Insurance and Annuity Association of America (TIAA), the parent company of TIAA Global Asset Management, announced it has increased its stake in Radar Propriedades Agrícolas S.A – its agricultural land management joint venture established in 2008 with Brazil’s Cosan. Radar has a portfolio of more than 555 farming properties totaling more than 270,000 hectares […]
Mahindra Univeg – a 60:40 joint venture between Mahindra Agri Solutions and Belgium’s Univeg (Greenyard Foods) – announced an unspecified minority investment in Mera Kisan, an e-commerce startup that sources fresh fruit and vegetables for sale to consumers. “Our investment in Mera Kisan will enable the farmers and the consumers to connect digitally and create […]
New York-based pea protein snack chip startup, Proformance Foods, has raised $1.2 million in a round led by “one of the ten largest CPG companies in the world.” The company also announced that it has changed its brand name from ProTings to Protes, in response to a dispute with B&G Foods who owns the brand, […]
Veteran New York-based food tech company, FreshDirect, has raised $189 million in additional funding through a round led by J.P. Morgan Asset Management through its PG Digital Growth Fund, and including W Capital and the AARP Innovation Fund. This round brings the company’s total fundraising to $280 million spread across four rounds from six investors. Under […]
Agrial Group, a leading French agricultural, agribusiness, and food co-operative, has agreed to acquire Two Beers Brewing Company and Seattle Cider Company — two separate Seattle-based companies that share a leadership team, for an undisclosed amount. Both Two Beers Brewing and Seattle Cider will remain as independently operating businesses while also merging with Agrial, which […]
Centaur Analytics, an agtech IoT startup located in Volos, Greece has raised a seed round totaling $1.3 million led by Jerusalem-based crowdfunding platform, OurCrowd, through its OurCrowd First fund, and including the Greek Piraeus Jeremie Technology Catalyst Fund and angel investor, Avi Reichental. Centaur Analytics’s goal is to dramatically reduce post-harvest crop loss and eliminate […]
China’s second biggest real estate development group, China Evergrande Group, is divesting three agribusiness subsidiaries focused on grain and oil, water, and dairy products to unlisted Chinese buyers for 2.7 billion yuan (US$405 million). Evergrande’s grain and oil business will be sold for 600 million yuan (US$90 million), its spring water business is being sold […]
