EdenFarm, a food service-focused startup based in Indonesia, has secured $13.5mn in its latest Pre-Series B bridge round, which was led by Telkomsel venture arm – TMI, AppWorks, and AC Ventures, also supported by Decart Ventures, Fubon Capital, Trihill Capital, OCBC NISP Ventura, Nakhla and Capria Ventures. EdenFarm aims to build a food supply chain ecosystem in Indonesia that is profitable and sustainable for the farmers and all stakeholders. EdenFarm has raised US$34.5mn up to the fourth … [Read more...] about AC Ventures doubles down on Indonesian B2B food supply chain startup EdenFarm in latest US$13.5M deal
sustainable
Yili Yunnan Dairy factory certified as first zero-carbon food facility in China
Yili Group’s dairy factory based in Yunnan, China was recently given the PAS 2060 certification on carbon neutrality. This was awarded by Bureau Veritas, a world leader in testing, inspection and certification, making the facility the first to be certified as such in China. The company is expected to continue to leverage tech innovation for green development and further explore ways to achieve carbon neutrality. Last Year, Yili Yunnan Dairy was awarded a “green electricity certificate”, … [Read more...] about Yili Yunnan Dairy factory certified as first zero-carbon food facility in China
True sustainability in food packaging
The mission to achieve a more sustainable global economy is still a top priority across various industries, even more so today as the world enters into the post-COVID-19 era. Campaigns set forth by the United Nations, the Paris Agreement and the most recently concluded COP 26 Conference have all announced initiatives as a response to the climate crisis. These include ambitious sustainability targets such as limiting global warming to 1.5°C and lowering carbon footprint across … [Read more...] about True sustainability in food packaging