The food and beverage industry is evolving rapidly, with innovative startups making huge strides. These 10 companies have raised over $100M, propelling them from emerging players to industry giants.
From plant-based foods to sustainable packaging and health-conscious beverages, these companies are reshaping the way we eat and drink.
Meet 10 Food & Beverage Brands That Raised Over $100M
Explore how these food and beverage startups are scaling up and leading the charge in the next generation of culinary innovation.
| Company | Founded | Location | Employees | Last Funding | Last Funding Date | Total Funding |
|---|---|---|---|---|---|---|
| Curefoods | 2016 | Bengaluru, India | 501-1000 | ₹800M | Sep 27, 2024 | $253.44M |
| t’order | 2019 | Seoul, South Korea | 251-500 | ₩30B | Mar 28, 2024 | ₩43.65B |
| dinii | 2018 | Tokyo, Japan | 11-50 | ¥7.46B | Sep 25, 2024 | ¥7.46B |
| ZOFF | 2018 | Raipur, India | 101-250 | ₹400M | Aug 21, 2024 | ₹410M |
| TWF Flours | 2017 | Noida, India | 11-50 | ₹120M | Feb 28, 2024 | ₹120M |
| TruNativ | 2019 | Mumbai, India | 1-10 | ₹100M | Sep 4, 2024 | ₹100M |
| Skippi Ice Pops | 2020 | Hyderabad, India | 101-250 | ₹100M | May 28, 2024 | ₹110M |
| BIGGUYS | 2018 | Bangalore, India | 11-50 | ₹166.2M | Jun 5, 2024 | ₹166.2M |
| The Ethical Spirits | 2020 | Tokyo, Japan | 1-10 | ¥380M | Sep 17, 2024 | ¥720M |
| Qummy | 2019 | Krasnodar, Russia | 101-250 | RUB176.5M | Jun 6, 2024 | RUB176.5M |
1. Curefoods
- Founded: 2016
- Location: Bengaluru, Karnataka, India
- Industry: Food and Beverage, Restaurants, Snack Food
- Number of Employees: 501-1000
- Last Funding Amount: ₹800M (Latest Round: September 27, 2024)
- Total Funding Amount: $253.44M
Curefoods is a food-tech company that operates a multi-brand cloud kitchen model, offering a wide variety of cuisines across India. It focuses on acquiring and scaling food brands by leveraging technology, supply chain efficiency, and data-driven insights. Curefoods aims to deliver high-quality, affordable, and accessible food options while ensuring operational excellence. With a growing portfolio of brands, it continues to expand its presence in the online food delivery space.
2. t’order
- Founded: January 3, 2019
- Location: Seoul, South Korea
- Industry: Food and Beverage, Information Technology, Restaurants
- Number of Employees: 251-500
- Last Funding Amount: ₩30B (Latest Round: March 28, 2024)
- Total Funding Amount: ₩43.65B
t’order is a technology-driven company revolutionizing the food and beverage industry with innovative digital solutions. Specializing in restaurant automation and smart ordering systems, t’order enhances the dining experience by streamlining operations, improving efficiency, and optimizing customer engagement. The company integrates AI and data analytics to provide seamless online and offline food service solutions, catering to both restaurants and consumers.
3. dinii
- Founded: June 1, 2018
- Location: Tokyo, Japan
- Industry: Food and Beverage, Mobile, Software
- Number of Employees: 11-50
- Last Funding Amount: ¥7.46B (Latest Round: September 25, 2024)
- Total Funding Amount: ¥7.46B
dinii is a mobile-first food and beverage technology company that enhances the dining experience through innovative digital solutions. Focused on streamlining restaurant operations and customer engagement, dinii offers smart ordering, payment, and reservation systems to optimize efficiency for both businesses and consumers. By leveraging AI and mobile technology, dinii aims to revolutionize Japan’s dining industry with seamless, user-friendly solutions.
4. ZOFF
- Founded: 2018
- Location: Raipur, Chhattisgarh, India
- Industry: Food and Beverage, Herbs and Spices, Manufacturing
- Number of Employees: 101-250
- Last Funding Amount: ₹400M (Latest Round: August 21, 2024)
- Total Funding Amount: ₹410M
ZOFF (Asquare Food & Beverages Pvt. Ltd.) is a premium herbs and spices brand that focuses on delivering high-quality, hygienically processed spices using advanced technology. The company utilizes innovative techniques like Cold Grinding Technology to retain aroma, essential oils, and natural flavors, ensuring purity and freshness. ZOFF aims to revolutionize the spice industry with superior-quality products, catering to modern consumer preferences for authenticity and taste.
5. TWF Flours
- Founded: 2017
- Location: Noida, Uttar Pradesh, India
- Industry: Food and Beverage, Food Processing, Internet
- Number of Employees: 11-50
- Last Funding Amount: ₹120M (Latest Round: February 28, 2024)
- Total Funding Amount: ₹120M
TWF Flours is a leading food processing company that specializes in the production and distribution of high-quality flours. The company caters to a growing demand for premium food products with a focus on delivering pure, fresh, and hygienically processed flours. TWF Flours operates an innovative approach to flour manufacturing that uses state-of-the-art technology, ensuring its products retain nutritional value and taste.
6. TruNativ
- Founded: 2019
- Location: Mumbai, Maharashtra, India
- Industry: Food and Beverage, Nutrition
- Number of Employees: 1-10
- Last Funding Amount: ₹100M (Latest Round: September 4, 2024)
- Total Funding Amount: ₹100M
TruNativ is a nutrition-focused food and beverage company dedicated to offering healthier alternatives with natural and high-quality ingredients. The company specializes in providing innovative nutritional products designed to support a balanced lifestyle, making healthy living more accessible and convenient. TruNativ’s product range includes protein, fiber, and wellness-based nutrition solutions tailored for modern consumers seeking clean-label and functional foods.
7. Skippi Ice Pops
- Founded: 2020
- Location: Hyderabad, Andhra Pradesh, India
- Industry: Food and Beverage, Confectionery
- Number of Employees: 101-250
- Last Funding Amount: ₹100M (Latest Round: May 28, 2024)
- Total Funding Amount: ₹110M
Skippi Ice Pops is India’s first brand dedicated to natural and preservative-free ice pops, bringing a nostalgic yet innovative frozen treat to consumers. The company focuses on using high-quality ingredients, natural flavors, and food-grade packaging to ensure a refreshing and safe experience. With a mission to redefine the ice pop segment, Skippi offers a variety of flavors that cater to health-conscious consumers while maintaining a fun and enjoyable appeal.
8. BIGGUYS
- Founded: 2018
- Location: Bangalore, Karnataka, India
- Industry: Food and Beverage, Food Processing
- Number of Employees: 11-50
- Last Funding Amount: ₹166.2M (Latest Round: June 5, 2024)
- Total Funding Amount: ₹166.2M
BIGGUYS is a food processing company specializing in high-quality, flavorful, and innovative food products. The company focuses on delivering premium food experiences by combining traditional recipes with modern processing techniques. BIGGUYS aims to cater to a wide range of consumers with its unique offerings, maintaining high standards of hygiene and taste. With a growing presence in the market, the brand is committed to enhancing the food industry landscape in India.
9. The Ethical Spirits
- Founded: July 2, 2020
- Location: Tokyo, Japan
- Industry: Food and Beverage, Wine and Spirits, E-Commerce
- Number of Employees: 1-10
- Last Funding Amount: ¥380M (Latest Round: September 17, 2024)
- Total Funding Amount: ¥720M
The Ethical Spirits is a sustainability-driven distillery that focuses on producing high-quality spirits using upcycled ingredients. By repurposing waste materials from various industries, the company promotes ethical consumption while delivering premium craft spirits. Through its innovative approach, The Ethical Spirits aims to redefine the spirits industry with eco-conscious and unique flavor profiles, catering to environmentally aware consumers.
10. Qummy
- Founded: 2019
- Location: Krasnodar, Russian Federation
- Industry: Food and Beverage, Restaurants
- Number of Employees: 101-250
- Last Funding Amount: RUB176.5M (Latest Round: June 6, 2024)
- Total Funding Amount: RUB176.5M
Qummy is a modern restaurant and food service company dedicated to delivering high-quality and innovative dining experiences. With a focus on fresh ingredients, unique recipes, and exceptional service, Qummy aims to redefine the food industry in Russia. The company integrates advanced technology into its operations to enhance customer convenience and ensure premium quality meals.
Conclusion
The $100M+ raised by 10 food and beverage companies marks a transformative shift in the industry. These companies are leveraging innovation to meet the rising demand for healthier, sustainable, and tech-enabled food options. With a focus on sustainability, plant-based alternatives, and cutting-edge food technologies, these companies are set to redefine how we grow, produce, and consume food, setting the stage for a future where food innovation is at the forefront of global change.
FAQs
Q. Are these companies operating globally or within specific regions?
Answer: While some, like Curefoods and Skippi Ice Pops, primarily focus on specific markets (e.g., India), others, like The Ethical Spirits and Qummy, have the potential for global expansion. Many brands are using funding to scale internationally.
Q. What makes these companies attractive to investors?
Answer: Investors are drawn to brands with strong scalability potential, innovative business models, high consumer demand, and a clear vision for the future. Companies that leverage technology and focus on sustainability tend to receive more attention.
Q. How does this funding impact consumers?
Answer: With more funding, these companies can expand their operations, improve product quality, enhance distribution channels, and introduce innovative food and beverage options. This leads to greater accessibility, better pricing, and more choices for consumers.