Amazon Launches New Grocery Format, NotCo Raises $30M from Jeff Bezos Fund + More
Summary
In the UK, Marks & Spencer closed a $944 million partnership with Ocado to propel its online food delivery capabilities. In CPG news, Chilean startup NotCo closed a $30 million round from the Jeff Bezos Fund in order to expand its vegan mayos into the U.S. and Mexico. The company has launched a line of baby food purees that meet the guidelines for the WIC in West Virginia and Florida, which has the potential to help 125k children. One of the largest food companies in the US is calling for farming practices that keep carbon trapped in the earth and create healthy, rich soil. The world’s largest snacking company has purchased a minority stake in Uplift Food, a startup that sells a powdered daily fiber supplement infused with prebiotics and probiotics, for an undisclosed sum.