Article Trunk



Posts Tagged ‘food’

Luckin leaves bitter aftertaste, now trading below IPO price

In the first few days following Luckin Coffee’s initial public offering, the stock chart for LK looked like a roller coaster. Now it’s looking more like a freefall. The Chinese Coffee chain successfully completed its highly anticipated offering roughly a week ago, raising over $550 million after pricing at $17 per share, the high end ...

Why Luckin’s ultimate target may not be Starbucks

Starbucks plans to double its store count in China to 5,000 in 2021 and Luckin, a one-year-old coffee startup, is matching up by aiming to reach 4,500 by the end of this year. Luckin’s upsized $651 million flotation has brought American investors’ attention to this potential Starbucks rival in China, where the Seattle giant controlled ...

DoorDash, now valued at $12.6B, shoots for the moon

DoorDash has raised another $600 million in venture capital funding. ...

Making gourmet Doritos is this pastry chef’s greatest challenge yet

05.22.2019 · Posted in Technology Articles

The stakes are high for Claire Saffitz, the pastry chef helming the show Gourmet Makes on Bon Appé***, but her standards "have lowered."  After attempting to recreate various confounding junk food treats, Saffitz takes on arguably her b... ...

Nectar’s sonar bottle caps could save $50B in stolen *****

Bars lose 20 percent of their alcohol to overpours and “free” drinks for friends. That amounts to $50 billion per year in ***** that mysteriously disappears, making life tough for every pub and restaurant. Nectar wants to solve that mystery with its ultrasound depth sensing bottle caps that measure how much liquid is left in ...

As meal-kit melee stretches on, Sun Basket whips up $30M Series E

Sun Basket, a provider of a healthy meal kit service, has raised another $30 million in venture capital funding. ...

Generation closes $1B growth fund targeting sustainable startups

Generation Investment Management, the firm co-founded by environmentalist and former Vice President Al Gore, was built on the premise of backing sustainable startups. Now, as the idea of sustainability starts to gain wider traction, the firm is doubling down on the concept. Today, Generation is announcing that it has closed a $1 billion Sustainable Solutions ...

Is a $600 smart oven ever worth it?

Part of closely following tech is the often mistaken belief that newer, better technologies can help right some of the wrongs older ones caused in the first place. Behold the Wii and the Fitbit — two perfect examples of technologies designed to right some of technologies’ previous wrongs. It’s tricky because, in some cases, these ...

How the (plant-based) sausage is about to be made

It’s been a big year for Impossible . The bay area based food startup kicked the year off with a new take on its titual burger, and just last week announced the closing of a $300 million round hot on the heels of its Burger King distribution. What comes next for the company likely won’t ...