Food, logistics startups witness a #funding boom in 2020 amid pandemic:
>Funding in #foodtech startups more than doubled to $1.3B
>#Logistics startups raised close to $965M, which will eventually increase in
2021
>#Edtech mopped up $2.1 billion, the highest of all sectors, against $426M in
2019, thanks to BYJU'S, which raised over $1.25B
>#ecommerce, which typically bags the bulk of the funding, saw a dip in 2020,
raising less than a fourth of the $3.3B, it raised in 2019
The food segment is expected to follow the high growth runway & attract more
capital as startups continue to expand their reach & add more restaurants, cloud
kitchens.
As the legacy supply chain models failed to provide supply at transparent rates,
the increased demand for both non-essential & essentials items was catered by
tech-aided logistics players.
Read the full article from the link in the comments!
Posted by Sathish CP on LinkedIn
link: linkedin.com/in/sathishcp
>Funding in #foodtech startups more than doubled to $1.3B
>#Logistics startups raised close to $965M, which will eventually increase in
2021
>#Edtech mopped up $2.1 billion, the highest of all sectors, against $426M in
2019, thanks to BYJU'S, which raised over $1.25B
>#ecommerce, which typically bags the bulk of the funding, saw a dip in 2020,
raising less than a fourth of the $3.3B, it raised in 2019
The food segment is expected to follow the high growth runway & attract more
capital as startups continue to expand their reach & add more restaurants, cloud
kitchens.
As the legacy supply chain models failed to provide supply at transparent rates,
the increased demand for both non-essential & essentials items was catered by
tech-aided logistics players.
Read the full article from the link in the comments!
Posted by Sathish CP on LinkedIn
link: linkedin.com/in/sathishcp