π₯ $10B IPO COMING SOON FOR OATMILK
Oatly, the Swedish oat milk startup which recently raised $200M, filled for an IPO. It could be valued as high as $10B, which is on par with Beyond Meat or the rumoured valuation of Impossible Foods.
However, if the sales have rocketed to $421M last year, it also doubled its losses from $36M in 2019 to $60M in 2020. Even if demand surpasses supply and large investment in new capabilities are made, will the current trend be enough to convince investors?
2οΈβ£ 0οΈβ£ 2οΈβ£ 3οΈβ£ Is 2023 the new 2021?
2021 was supposed to be “the year” for alternative proteins. A few years ago, many companies in cellular agriculture and precision fermentation had settled on 2021 to be the year where their products would be finally available to the consumer.
If most don’t bother to mention a date or have movable targets such as “in five years”, it seems that for many, 2023 is the new deadline they mention.
SINCE YOU’RE HERE
- The Belgium startup Deliverect raises $65M for its software that enables restaurants to sort the orders they receive for multiple restaurant-delivery services such as Deliveroo or Uber Eats.
- Italian startup Poke House, raises $24M to expand in Europe
- Gojek and Tokopedia, two Indonesian delivery startups are about to merge and could create a regional giant.
