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Acquisitions and angel funding has taken over the global food tech start-up industry

People keeping a track of the worldwide startup market have been witnessing a new trend in the food tech sector. It seems, acquisitions and angel funding have become some kind of a trend in the sector with a new acquisition, angel funding deal being announced every second. And Now, a report by Traxcn, a Bengaluru-based research partner of Venture Capitalists, has revealed some interesting facts about this upcoming trend. 

According the report, acquisitions, early stage investment and restaurant aggregation business models are emerging as popular trends in the worldwide food-tech startup ecosystem. 

The Traxcn report has stated Indian food-tech startup industry as an important driver of acquisitions and investments, along with its UK, Germany and China counterparts in the global food-tech startup market, which drew in a whopping $ 6.8 billion last year. 

The report, which was 630-pages long, took into account all the acquisitions and investments deal that took in the worldwide food-tech startup market till June this year. According to the report, with 60 deals, the year 2015 has set a robust trend in mergers and acquisition related activities. It also predicts the trend to not only continue to exist but also increase in numbers in the year 2016. 

Talking about some of the major acquisitions, the report names the June acquisition of India-based TinyOwl by hyperlocal delivery start-up RoadRunnr as one of the major acquisitions all across the globe. After the acquisition, the company has been rebranded as ‘Runnr’.

According to the report, the global food-tech startup market is now worth $2.68 billion, all thanks to the constant investments being pumped-in in the market. The report also reveals that the investors are favouring to investment their money in mature startups as compared to the new and smaller ones. This  was concluded as early stage investments in food tech startups lead was way ahead of seed capital. The early stage companies received investments worth $544 million, which is much more when compared to $38 million in seed investments.

About the author

Kirti Sharma

She is a fun loving girl who's always scouting for innovative startups and fun entrepreneurs to write about. When not writing, you can find her perched in the corner of her room with her laptop running a serial marathon of her favorite sitcoms. You can contact her at skirti100@yahoo.co.in

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