​​Investments in foodtech in the first six months of 2021 incr | Pre-IPO Watch

​​Investments in foodtech in the first six months of 2021 increased by 66%, to $16.3 billion

The amount of investments in foodtech increased from $9.82b to $16.3b compared to 2020, and the number of transactions increased by 13% (According to the Fuel for Growth Fund report).

One of the biggest deal for the first half of 2021 is an investment in an Indian platform for ordering food — Swiggi. In July 2021, it received $1.3 billion from SoftBank, Prosus Ventures and other funds.

The active interest of investors in the foodtech sector can be explained by the following factors:
1/ successful IPO exits. In May, the Swedish company Oatly raised $1.43 billion during the IPO, according to the fund. At the end of July, the Indian Zomato held an IPO with a valuation of $12.2 billion;
2/ development of new technologies;
3/ the growing demand of consumers for the quality of food products and the convenience of their purchase;
4 / trend in consumer behaviour - consumers look for products with a positive impact on the environment.

Three areas of the foodtech market are becoming the most promising: vegetable “meat”, cell-cultured protein (currently allowed for sale only in Singapore) and the production of fermented products.

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