Tuesday, June 6, 2017

Global Food Delivery Is Attracting So Much Money And Failures

Does Shipt Have the Keys for Success?, Understanding Blue Apron's IPO And The Future Of Meal Kits, Remember Moon Pies? Now There's Moon Juice

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Global Food Delivery is Attracting So Much Money and Failures: Does Shipt Have the Keys for Success?

It seems that the food meme of the moment is venture capital funding for food delivery, including restaurants and supermarkets across the globe after this sector saw investments wane as more of these companies continue to implode and go out of business. In the past thirty days, London's Quiqup raised just over $25 million while fellow UK start up Jinn (who operates both in the UK and Spain) raised an additional $10 million bringing its funding to $20 million. Germany's Deliver Hero which operates in 40+ countries attracted $425 million while in India, Swiggy's $80 million and Zomato's VC total was upped to $225 million (as coincidentally they discovered that its global data base across 23 countries of 17 million customers had been hacked). And that's just a tiny few of the deals.

Remember Moon Pies? Now There's Moon Juice
Four blocks away from where I am standing is the original Moon Juice. A 500 foot store that focused on feeding our bodies and minds with juices that has coast-to-coast awareness and has already expanded to three locations.

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Understanding Blue Apron's IPO and the Future of Meal Kits
On-demand food delivery keeps getting tougher and tougher, more complicated and more fragmented. Most of the news these days are about these start-ups shutting their doors. Is Blue Apron here to stay?

Read Story

A New Crop for Vertical Farming
Vertical Farming isn't new, but this crop might give it a new umpf. Pure Agrobusiness is a company that sells equipment to grow legal cannabis, a market worth $6 billion in 2016 and expected to reach $50 billion by 2026.

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Are your organization's execs tired of talking to themselves? Bring in Phil Lempert for fresh insights. Get info here.
Today's Must Reads

- Amazon Prime is offering a discount on membership for people on government assistance, but is it really that much of a discount? 

- Public health efforts to reduce sodium in packaged foods have resulted in encouraging improvements.

- Millennials want pizza and Mexican food more than burgers and fries.

- The rainbow bagel is now the glitter bagel! 

- Those fidget spinners that are all the rage can also be a fun tool in artfully plating food.
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