AGP Executive Report
Last update: 10 hours agoFoodservice Deals: Uber agreed to buy ezCater for $2.3 billion, adding corporate catering to its platform and putting growth, margins and customer loyalty in focus. Supply Chain Investment: East Africa Foods completed a roughly $40 million funding round to expand its farm-to-market network, which works with more than 28,000 smallholders and cuts food loss across its operations. Alternative Proteins: French startup Edonia raised €15 million to scale its spirulina-based ingredient, with the funding supporting a new production facility and expansion into foodservice. Manufacturing & Innovation: Caldic opened a Food Innovation Hub in Mumbai to help develop and scale nutrition, texture and taste solutions; British confectionery equipment maker BCH will exhibit at Gulfood Manufacturing in November. Policy & Costs: Tesco urged the UK government to reform business rates, warning that higher taxes on warehouses could feed through to grocery prices. In India, PepsiCo, Monster and Reliance won court relief allowing existing stocks carrying “energy drink” labels to be sold.
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