Category: Business of Food
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This is the web version of our Weekly Restaurant Tech newsletter. Subscribe today to get weekly food tech news delivered directly to your inbox. When Taster, a virtual restaurant company headquartered in London, announced its $37 million fundraise last week, co-founder and CEO Anton Soulier made clear that his company is trying to “redefine what…
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Flavor/fragrance company Givaudan and food processing company Bühler, announced this week they have opened the doors on their APAC Protein Innovation Centre at the existing Givaudan Woodlands site in Singapore. The facility will serve as a place to develop plant-based protein tailored to Asian consumers tastes and preferences. The goal is to bring together food…
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When it comes to at-home vertical farming, who will be first to grow a watermelon? That’s a question posed by HECTAR Hydroponics, a project that wants to open-source the at-home vertical farm concept. Rather than mass-producing a whole farm and selling it to consumers, the project’s creators have instead made a manual and documentation available…
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Always a trailblazer when it comes to sustainability, fast-casual chain Just Salad has unveiled yet another way to motivate consumers towards more eco-conscious choices: reward them with free food when they power their homes with clean energy. The company has teamed up with clean energy startup Arcadia. Per an announcement from the two sent out…
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By now, you know the stats: Each year, over one-third of our food produced is wasted. That translates to about $285 billion (or 54 million tons) worth of food each year in the US alone. That’s more than a quarter trillion dollars worth of food, produced from or with scarce inputs like water, land and…
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Zomato, one of India’s leading and largest food delivery startups, announced today it has filed for an IPO from which it plans to raise $1.1 billion. To date, the 12-year-old company has raised $2.1 billion in total from the likes of Kora Investments, Tiger Global, and Ant Group, among other investors. Once public, it plans…
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The CEA Food Safety Coalition announced today what it says is the first-ever food safety certification program designed for leafy greens grown in controlled environment agriculture (CEA) settings. As of today, members of the Coalition can opt to have their crops assessed by the new Leafy Greens Module, according to a press release sent to…
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DoorDash announced today that is has launched a new pricing structure to deal with its historically controversial restaurant commission fees. Via these “Partnership Plans,” as the service calls them, U.S. restaurants can now choose between three different commission price points. Plans are priced according to how much area a restaurant wants its delivery radius to…
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Beyond Meat announced today the newest iteration of its plant-based burger, which will hit store shelves starting next week. The company said this latest version is its “meatiest, juiciest” burger to date. While Beyond didn’t go into too many specifics around what changes it made to its burger, a Beyond rep emailed us to say…
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Restaurant operator Yum Brands announced today its plans to cut greenhouse gases 46 percent by 2030 in partnership with its franchisees, suppliers and producers. The company, which operates Pizza Hut, KFC, Taco Bell, and the Habit Burger, also said today it plans to achieve net-zero emissions by 2050. In a statement, Yum said it is…
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Global food processing company Archer Daniels Midland (ADM) announced at the tail-end of last week it had opened an innovation lab in Singapore dedicated to plant-based protein. The lab will help the company increase production of alternative proteins “to meet growing food and beverage demand in the Asia-Pacific region.” The new facility is located ADM’s…
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Avant Meats, which makes cell-based fish, announced today that it is establishing new R&D and pilot production facilities in Singapore, created with the support of the Singapore Economic Board. The Hong Kong-based Avant cultivates fish cells to make cultured fish products, starting with sea cucumber and fish maw. The company says it is the first…
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