🇮🇳 🛵 Swiggy, one of India’s food delivery unicorns, acquired LYNK, a logistics startup that helps FMCG brands be distributed in a network of 100,000 stores.
As India and its startups are often at the forefront of delivery trends, this deal should be considered with special care. It is very noticeable to see a B2C-focused meal and grocery delivery startup acquiring a B2B startup in the trending supply chain/fulfilment ecosystem. It wouldn’t be surprising to see similar deals happening elsewhere, notably in Europe.
🇺🇸🚰 Liquid Death, the $700M-water-in-a-can startup, is rumoured to be planning an IPO next year. Beyond this startup and what we may think about it, just the fact that it is considering going public next year confirms that the market conditions may be turning again, for the positive this time.
🇭🇰 🤖 Rice Robotics, a Hong Kong-based startup, raised $7M for its autonomous delivery robots that operate inside offices.
🇺🇸 🍼 Bobbie, a US-based startup developing a new infant formula, raised $70M to acquire its competitor Nature’s One. We are observing a significant number of new players making waves in a market that, while complicated, is more than ripe for disruption (last year, the US went through a shortage of formula).
🇬🇧 🌍 Isometric, a British startup, raised $25M to build a registry and science platform focused on carbon removal. It intends to act as a truster third-party partner for those buying the services of carbon removal companies, first by vetting the science, then by emitting carbon removal credits.
🇫🇷 🐮 Aviwell, a French startup, raised €9M for its bacterial discovery platform to optimise livestock growth.
🇮🇱💧N-Drip, an Israeli startup, raised $44M for its smart irrigation systems.
🇺🇸 🥬 Square Roots, Elon Musk’s brother’s indoor farming venture, is shutting down most of its locations. Again, quite a public bad blow to the indoor and vertical farming ecosystem.
