cloud kitchens
Jakarta-based cloud kitchen startup Legit Group gets Series A to take over the rest of Indonesia
Legit Group, a cloud kitchen brand operator based in Jakarta, has its eyes on the rest of Indonesia after raising a $13.7 million Series A. The round was led by MDI Ventures, the venture capital arm o
Tracking startup focus in the latest Y Combinator cohort
First, some housekeeping: Thanks to our new corporate parents, TechCrunch has the day off tomorrow, so consider this the last chapter of The Exchange for this week. (The newsletter will go out Saturda
Cloud kitchen startup JustKitchen to go public on the TSX Venture Exchange
JustKitchen, a cloud kitchen startup, will start trading on the Toronto Stock Exchange (TSX) Venture Exchange on Thursday morning. It is doing a direct listing of its common shares, having already rai
REEF Technology raises $700M from SoftBank and others to remake parking lots
It seems like SoftBank and the Mubadala Corp. aren’t finished taking big swings at the commercial real estate business in the U.S. Even after the collapse of WeWork, the investors are doubling d
Spying a pivot to ghost kitchens, SoftBank’s second Vision Fund pours $120 million into Ordermark
“We’re building a decentralized ghost kitchen,” is a sentence that could launch a thousand investor calls, and Alex Canter, the chief executive officer behind Ordermark, knows it. Th
Kroger, one of America’s largest grocery chains, experiments with ghost kitchens and delivery in the Midwest
The Kroger Co., one of the biggest grocery chains in the Midwest, is dipping its toe into on-demand delivery and the ghost kitchen craze through a partnership with an Indianapolis-based startup, Clust
Indonesian cloud kitchen startup Yummy gets $12 million Series B led by SoftBank Ventures Asia
Yummy Corporation, which claims to be the largest cloud kitchen management company in Indonesia, has raised $12 million in Series B funding, led by SoftBank Ventures Asia. Co-founder and chief executi
Dahmakan, a Malaysian ‘full-stack’ food delivery startup, raises $18M Series B
Dahmakan, a full-stack food delivery startup based in Malaysia, announced today that it has closed a $18 million Series B. Investors include Rakuten Capital, White Star Capital, JAFCO Asia and GEC-KIP
Muy raises $15M to grow its new cloud kitchen concept
The cloud kitchen craze has reached Latin America. Food tech startup Muy landed a fresh $15 million Series B to expand into Mexico and soon Brazil. The service is currently operative in Colombia. Mu
‘Cloud kitchens’ is an oxymoron
The biggest wave in consumer products right now has all the hallmarks of another bubble of misplaced investor expectations and sadly lower margins. Cloud kitchens (the category, and not just CloudKitc
The ‘world’s largest internet restaurant company’ quietly raised $125 million this month
In May, venture capitalist Michael Moritz of Sequoia Capital warned in a Financial Times column that Amazon’s recent $575 million investment in the London-based delivery service Deliveroo could