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Украинский фонд стартапов профинансировал почти 200 стартапов почти на $5 млн
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US Food Tech Startup to Expand Into KSA With A $100 Million Joint Venture
US Food Tech Startup to Expand Into KSA With A $100 Million Joint Venture Published June 3rd, 2021 - 09:30 GMT
Creating Culinary Communities (C3) Arabia has been valued at $100 million. (Twitter)
A US-based food technology platform has announced a new $100 million Saudi joint venture targeting 550 outlets by 2026, with the first set to launch in Riyadh early next year.
Creating Culinary Communities (C3) Arabia has been valued at $100 million and will be 49 percent owned by parent company C3 with Saudi investment firm WK Holding owning the remainder.
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Launched in 2019 by American serial entrepreneur Sam Nazarian, C3 currently operates around 250 food locations throughout the US. This year the company also launched the Citizens Go app, which allows users to order from multiple restaurants as part of a single order.
5 key trends in the food startup business
Here are a few key trends that could define the food and beverage startup space over the next year.
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The food and beverage industry has always been characterised by volatility and change. Though trends come and go, the key has always been about staying firm with a core premise, which allows startups to innovate mindfully.
However, the COVID-19 pandemic threw not just the food and beverage industry but the entire world into hitherto unseen chaos. Businesses collapsed, people lost jobs, and economies went into recession. While things seem to be slowly limping back to some form of normalcy, the key now for any industry will be to adapt to the new normal.
Amid COVID-19, this sushi startup increased its business by building stronger bonds with customers
A Bengaluru-based cloud kitchen startup, Sushimen reworked its strategy during the COVID-19 pandemic to build stronger bonds with its customer base.
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The best entrepreneurs can turn any crisis into an opportunity and the COVID-19 pandemic was proof of this.
Meet Bengaluru-based specialised food startup Sushimen, which used the COVID-19 pandemic months to build stronger bonds with its customers and vendors to emerge stronger than before.
The cloud kitchen startup, founded by chef
Abhijeeth Urs, delivers the Japanese delicacy sushi to customers across Bengaluru. While the pandemic and the resultant lockdown in March 2020 was a shock for this startup as well, it soon restarted its operations in a limited manner from the last week of April.
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