25 Trending FoodTech Startups

by Josh Howarth - July 9, 2021

The eCommerce boom is pushing rapid growth in the Food Tech industry around the world.

In fact, Food Tech startups received a staggering $180 billion in total funding last year alone.

Emergen Research expects this growth to continue at a steady compound annual growth rate of 6% until 2027. This anticipated growth rate will take the industry market size to a value of $342 billion.

In this article, we are presenting 25 Food Tech startups that are currently having a huge impact on this space.

1. TurtleTree

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5-year search growth: 6700%

Search growth status: Peaked

Year founded: 2019

Location: Singapore, Singapore

Funding: $80M (Series A)

What they do: TurtleTree uses cell-based technology to produce clean and fermented milk products. It uses mammary cells that allow for the production of milk without animal involvement. The company has entered into a strategic partnership with JSBiosciences to develop products that support cellular growth.

2. Snackbile

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5-year search growth: 1560%

Search growth status: Regular

Year founded: 2015

Location: Mumbai, India

Funding: $175K (Seed)

What they do: Snackible produces healthy snack food of different varieties, such as sweet, sour, low cal, high fiber, high protein, gluten-free and lactose-free. The company also sells directly to its customers using online channels. Snackible is funded by 8 investors, with Mumbai Angels being their most notable one.

3. MaxAB

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5-year search growth: 1300%

Search growth status: Regular

Year founded: 2018

Location: Cairo, Egypt

Funding: $50.2M (Series A)

What they do: MaxAB is a platform that connects food and grocery retailers to suppliers. The platform creates price transparency by making all prices visible to all parties involved. Additionally, it also facilitates payments and logistics between suppliers and retailers. MaxAB has been funded by 12 investors over 4 funding rounds.

4. Ready Burger

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5-year search growth: 126%

Search growth status: Regular

Year founded: 2020

Location: Nottingham, England

Funding: $2.79M (Crowdfunding)

What they do: Ready Burger operates a food store selling plant-based burgers at cheaper prices. The company only sells online using its website and other online channels. The company initiated its selling operations in July 2021.

5. Onvi

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5-year search growth: 357%

Search growth status: Peaked

Year founded: 2015

Location: Berkshire, England

Funding: $18.6M (Seed)

What they do: Onvi is a mobile Order & Pay solution that is designed to help restaurants and bars develop online custom menus and allow customers to quickly order and pay online without having to download an app. Additionally, the platform also provides solutions to manage and process orders. The startup has seen a 1,106% increase in transactions compared to July 2020.

6. Green Culture

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5-year search growth: 180%

Search growth status: Regular

Year founded: 2011

Location: Misato, Japan

Funding: $2.27M (Series A)

What they do: Green Culture is a food technology company that manufactures vegetable-based meat products. The company also offers a purchasing website allowing customers to order online. According to Pitchbook, Green Culture will use its $2.27M funds to develop a new vegetable meat product.

7. peAR Technologies

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5-year search growth: 0%

Search growth status: Regular

Year founded: 2018

Location: Mumbai, India

Funding: $408.2K (Seed)

What they do: peAR Technologies provides AR-based food menus that are accessed when customers scan a QR code with their smartphone. The technology converts images to 3D models at scale, letting restaurant customers see a 3D model of the dish they want to order. The startup claims it can help restaurants increase their revenue up to 20%.

8. Elite Sweets

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5-year search growth: 300%

Search growth status: Peaked

Year founded: 2017

Location: Austin, Texas

Funding: $100K (Pre-seed)

What they do: Elite Sweets produces donuts that are originally baked, gluten-free and protein-packed. They have also developed their own website where they sell their products directly to their consumers. The startup’s YoY revenue increased by more than 56%.

9. Grofers

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5-year search growth: 161%

Search growth status: Regular

Year founded: 2013

Location: Gurgaon, India

Funding: $641.25M (Later Stage VC)

What they do: Grofers is a low-price online grocery delivery platform that connects buyers to local stores. It provides over 3,000 products at everyday lower prices than supermarkets. The company currently operates in 26 cities across India.

10. Local Kitchens

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5-year search growth: 453%

Search growth status: Regular

Year founded: 2020

Location: Lafayette, California

Funding: $28M (Series A)

What they do: Local Kitchens operates a digital delivery kitchen that brings some Bay Area restaurants under one platform. This allows customers to order from multiple restaurants using a single, unified platform. So far, Local Kitchens has partnered with 13 Bay Area restaurants.

11. Beer Cartel

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5-year search growth: 20%

Search growth status: Peaked

Year founded: 2009

Location: New South Wales, Australia

Funding: $650K (Crowdfunding)

What they do: Beer Cartel operates an online beer store that sells beer, beer glasses, and beer gifts. The company also offers monthly subscription packages. Beer Cartel sells over 1,000 craft beers through their platform.

12. FitnessGenes

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5-year search growth: 362%

Search growth status: Regular

Year founded: 2013

Location: Bicester, England

Funding: $10.52M (Later Stage VC)

What they do: FitnessGenes is a DNA-testing platform that interprets DNA results and develops a tailored step-by-step workout and nutrition plan. The venture has an estimated yearly revenue of $3M and has seen a YoY employee growth rate of 4%.

13. Winc

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5-year search growth: 337%

Search growth status: Peaked

Year founded: 2011

Location: Los Angeles, California

Funding: $83.3M (Series F)

What they do: Winc is an online wine subscription service that delivers wine packages on a monthly basis. The company tailors its packages by having its customers take a short, 5 question quiz designed to understand their wine preferences. In total, Winc keeps 81 different bottles of wine.

14. Jumbotail

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5-year search growth: 6500%

Search growth status: Regular

Year founded: 2015

Location: Bengaluru, India

Funding: $55.06M (Debt)

What they do: Jumbotail operates an online marketplace for food and groceries. The platform provides services such as supply chain logistics, credit solutions, integration of point-of-sale systems and online ordering apps. These services create a food ecosystem making it easier for consumers to buy groceries at cheaper prices. The company is funded by 24 investors across 5 funding rounds.

15. Sid’s Farm

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5-year search growth: 0%

Search growth status: Regular

Year founded: 2013

Location: Hyderabad, India

Funding: No Funding

What they do: Sid’s Farm is a dairy startup using technology to produce milk that is free from hormones, preservatives and antibiotics. Their products go through physical, chemical, and microbiological testing. The startup announced that it is in the process of raising $3.4M in angel funding.

16. Barogo

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5-year search growth: -100%

Search growth status: Peaked

Year founded: 2014

Location: Seoul, South Korea

Funding: $100.21M (Series C)

What they do: Barogo is a technology company offering food delivery and e-commerce services to the food industry. The startup provides an application through which customers place orders and have their orders delivered to their addresses. To date, Barogo has amassed over $100M in total revenue.

17. Flink

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5-year search growth: 270%

Search growth status: Regular

Year founded: 2020

Location: Berlin, Germany

Funding: $307.3M (Series A)

What they do: Flink is a food and grocery delivery platform. It operates in Europe and according to them, they deliver groceries in 10 minutes. The startup currently operates in 35 countries in Europe.

18. Hungryroot

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5-year search growth: 1580%

Search growth status: Exploding

Year founded: 2015

Location: New York, New York

Funding: $76.76M (Series C)

What they do: Hungryroot uses AI and predictive technology to predict and deliver groceries and recipes that suit each individual. The company is able to customize deliveries on an individual basis by having its users take a quiz to better understand their preferences. According to Hungryroot, its users save up to $22 a week by using the Hungryroot platform.

19. Frubana

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5-year search growth: 99X+

Search growth status: Regular

Year founded: 2017

Location: Bogota, Colombia

Funding: $102.15M (Series B)

What they do: Frubana is a B2B grocery and ingredient online platform helping restaurants, bars and small retailers source their agricultural products directly from farmers. Frubana has an estimated yearly revenue of $20M.

20. Market Kurly

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5-year search growth: 4100%

Search growth status: Regular

Year founded: 2015

Location: Seoul, South Korea

Funding: $497M (Later Stage VC)

What they do: Market Kurly is a food delivery and logistics platform partnering with local stores and farms to sell their products online. It enables users to order food and groceries online and receive it the next morning. The startup has experienced a 119% revenue growth during the last year when it posted a yearly revenue of $806M.

21. DayTwo

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5-year search growth: 400%

Search growth status: Regular

Year founded: 2015

Location: Walnut Creek, California

Funding: $102M (Series C)

What they do: DayTwo is a microbiome-health management platform. It offers custom nutritional insights that adhere to the required standards for patients with Diabetes and Prediabetes. The company claims that its nutrition plans have helped users increase their energy by up to 64% and improve their sleep quality by up to 44%.

22. Harvie Farm

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5-year search growth: 4400%

Search growth status: Regular

Year founded: 2006

Location: Pittsburgh, Pennsylvania

Funding: $250K (Debt)

What they do: Harvie Farm provides an online platform designed to connect consumers to local farms and sellers. The platform also facilitates the home delivery of orders conducted through the website. The startup has partnered with over 250 farms and artisans throughout the United States.

23. Plant Power Fast Food

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5-year search growth: 275%

Search growth status: Regular

Year founded: 2015

Location: San Diego, California

Funding: $7.71M (Series A)

What they do: Plant Power Fast Food is a fast-food chain offering vegan food at an affordable price. They use technology to develop plant-based meat substitutes and sell them at their locations. The startup claims that their burgers use 99% less water than traditional beef-based burgers.

24. Sharebite

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5-year search growth: 99X+

Search growth status: Regular

Year founded: 2015

Location: New York, New York

Funding: $29.64M (Series A)

What they do: Sharebite provides an online platform intended to let people order their food online. Additionally, the platform provides a social aspect in that people can see what dishes are trending among their friends and neighbors. The startup has been built with the mission of alleviating world hunger in mind and donates 1 meal for every meal ordered via their platform.

25. Yummy Bazaar

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5-year search growth: 3800%

Search growth status: Regular

Year founded: 2015

Location: Glassboro, New Jersey

Funding: $5.09M (Later Stage VC)

What they do: Yummy Bazaar operates an online marketplace that sources authentic food and ingredients around the world and sells it through their online platform. The company stocks and sells over 1,000 brands from around the world.

Conclusion

Startups in the Food Tech space are making access to quality, healthy food easier and more convenient for consumers. And also making it cheaper and more profitable for businesses to produce and sell food of all kinds.

As can be seen from our list, growth in this space is supported and accelerated by the growth in eCommerce, logistics and supply chain technology.

Written By
Josh Howarth
Co-founder of Exploding Topics.
548 Market St. Suite 95149
San Francisco, California
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