SG Digest: Eat Just, Foodpanda team up; Big Idea Ventures announces third cohort

Alternative protein maker Eat Just has partnered Foodpanda for home delivery of its products, while Big Idea Ventures, an early-stage startup accelerator in the food technology sector, has unveiled its third cohort.

Foodpanda to home deliver Eat Just meat brands

Foodies in Singapore can now have cell-based chicken delivered at their doorstep as Foodpanda has partnered alternative protein maker Eat Just to deliver three of its products. 

Consumers can start ordering the dishes — chicken rice, fried chicken curry rice, and chicken caesar salad under the GOOD Meat brand — from April 22 via the Foodpanda app, the companies said in a press release. 

San Francisco-based Eat Just’s lab-grown chicken nuggets were till now available only for dine-in customers at private members’ club 1880 in Singapore. The company was given the world’s first regulatory approval to sell cultured meat by the Singapore government in December. 

Cultured or cell-based meat is developed in laboratories using animal cells.

Eat Just’s chief executive and co-founder Josh Tetrick had previously said Singapore will be its Asia headquarters. It is also building a $120 million factory in Singapore to manufacture its faux-egg product. The company last raised $200 million in March and has raised $650 million since it was founded in 2011. 

Lauding the news, alternative protein advocacy group The Good Food Institute Asia Pacific’s acting managing director Mirte Gosker said: “This is a small but important proof of concept that should catalyse leaders from both the public and private sectors to invest the significant scientific resources needed to bring this smarter way of making meat to the masses.”

Big Idea Ventures announces third cohort

Big Idea Ventures, an early-stage investor in the food technology sector, with accelerators in New York and Singapore, has revealed its third cohort taking part in accelerator programmes. The group includes 15 early-stage startups working in the plant- and cell-based meat industries.

“This group of startups has been incredible to work within the New Protein Fund,” said Andrew D. Ive, founder and general managing partner of Big Idea Ventures (BIV).

Big Idea Ventures’ New Protein Fund is dedicated to seed- and early-stage investments in plant-based and cell-based food, ingredient, and technology companies, targeting to raise $50 million since its launch in 2019.

From a company creating whole muscle seafood through fermentation to one working on edible cutlery to reduce waste, BIV’s third cohort is focused on sustainably feeding a growing world population.

BIV has globally strategic funds delivering significant investor returns while addressing real-world challenges. BIV is focused on alternative proteins with its New Protein Fund, and innovations in the food industry to solve challenges in waste, water use, plastic use, and carbon dioxide with its Generation Food Fund.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.