May 2026
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 | Uber Technologies is a technology provider that matches riders with drivers, hungry people with restaurants and food couriers, and shippers with carriers. The firm's on-demand technology platform is currently utilized by traditional cars as well as autonomous vehicles, but could eventually be used for additional products and services, such as delivery via drones or electronic vehicle take-off and landing (eVTOL) technology. Uber operates in over 70 countries, with over 202 million users who order rides or food at least once a month. | $71 | -16% | $144B | $150B | 2.9x | 17.2x | ||
 | Prosus is a consumer internet group with listed and unlisted platforms across 100 countries. Around 80% of Prosus’ net asset value is derived from its Tencent holdings, the world’s largest game publisher and operator of WeChat, China’s super app with 1.3 billion users. Prosus has approximately a 23% stake in Tencent. The rest of the group’s businesses and investments are organized into classifieds, food delivery, payments and fintech, and edtech. This includes ownership of iFood, Brazil’s largest food delivery app, and a 25% stake in Swiggy, the second-largest delivery platform in India.In 2019, Prosus was spun out of South Africa-based parent company Naspers Ltd and listed on the Euronext exchange. Naspers holds approximately 75% of Prosus’ shares. | $46 | -12% | $98B | $93B | 15.1x | 7.0x | ||
| Founded in 2013 within the confines of the San Francisco application renaissance, DoorDash is an online delivery demand aggregator. Consumers can use its app to order food on demand for delivery or in-store pickup from participating merchants. Following the 2022 acquisition of Wolt, the firm also provides this service in Europe and Asia. DoorDash creates a marketplace for merchants to establish an online presence, market their offerings, and meet demand through delivery. The firm provides similar services to non-restaurant businesses, such as grocery, retail, and pet supplies. DoorDash is also rolling out emerging technologies, such as drone delivery, to continually innovate and deliver the best possible service to both supply-side and demand-side participants in its marketplace. | $158 | -24% | $69B | $66B | 4.8x | 23.9x | ||
 | Meituan is the largest food delivery platform in China, with a 60%-70% share of the market in 2024, according to Morningstar estimates. In the third quarter of 2024, the firm generated 74% of its revenue from the core local commerce segment, which includes on-demand food delivery and retail, in-store services (such as visiting beauty and entertainment stores after purchasing deals on Meituan), and hotel and travel booking. The remaining 26% of revenue came from the new initiatives segment, such as the community group purchase business Meituan Select and the overseas food delivery business. | $10 | -44% | $61B | $49B | 0.9x | (26.3x) | ||
| DiDi Global Inc is a mobility technology platform that provides a range of mobility services as well as other services. It is building four key components of its platform that work together to improve the consumer experience: shared mobility; energy and vehicle services; electric mobility; and autonomous driving. It is a go-to brand in China for shared mobility, providing consumers with a range of safe, affordable, and convenient mobility services, including ride-hailing, taxi-hailing, chauffeur, hitch, and other forms of shared mobility. The company operates in three segments: China Mobility, which mainly includes ride-hailing services to riders, and also acts as an agent by connecting end-users to service providers who provide taxi hailing; International; and Other Initiatives. | $4 | -22% | $16B | $10B | - | - | ||
 | Founded in 2012, Grab provides ride-sharing services, food and grocery delivery, and financial services (payments, consumer loans, and enterprise offerings) in eight Southeast-Asian countries through its mobile platform. The company partners with merchants and riders, connecting them with consumers while charging commission to both sides. Grab has a leading market share in and derives 89% of its revenue from its core businesses, ride-sharing and food delivery. Singapore, Indonesia, and Malaysia contributed more than 70% of revenue in 2024. Grab’s main competitors in Southeast Asia are Line Man and Goto. Its financial services business is still in its nascent stage and provides minimal revenue currently. The company now also generates advertising revenue. | $4 | -25% | $15B | $11B | 3.1x | 20.5x | ||
 | Founded in 2011, Delivery Hero is an online delivery demand aggregator. The company is headquartered in Germany and operates in over 70 countries across Latin America, Asia, Europe, the Middle East, and Africa. Delivery Hero creates a marketplace for merchants to establish an online presence, market their offerings, and meet demand through delivery. Nearly half of Delivery Hero’s revenue is commission fees from merchants. Through its applications, which vary by region, customers can order meals, grocery items, pharmacy products, and retail goods. In addition, Delivery Hero operates Dmarts. | $45 | +60% | $14B | $16B | 1.1x | 56.7x | ||
| Maplebear (Instacart) is a grocery-focused delivery marketplace that connects national and regional grocers with consumers and couriers, and consumers with their favorite stores. Its app provides on-demand convenience for consumers, allows couriers to earn income, and helps grocers to scale their business through digital channels. The marketplace gathers valuable consumer behavior data, attracting consumer-packaged-goods advertisers that seek to reach consumers at the point of purchase. With approximately 600,000 shoppers and 1,800 retail partners, Instacart delivers to about 98% of households in the United States and Canada. | $40 | -11% | $10B | $9B | 2.4x | 8.1x | ||
| Hebei Yangyuan Zhihui Beverage Co Ltd is engaged in the research & development, production, and sales of plant protein beverages mainly using walnut kernels as raw materials. The company markets its beverages under the brands Yangyuan and Six Walnuts, offering a range of walnut-based drinks. Its product lineup includes variants such as Boutique Six Walnut Milk, Selected Six Walnut Milk, Refined Research Six Walnut Milk, Zhihui Health Six Walnut Milk, along with other related offerings. | $6 | +82% | $8B | $7B | 9.4x | 28.8x | ||
| JBT Marel Corp is a technology solutions provider to segments of the food and beverage industry. It designs, produces, and services products and systems for a broad range of end markets, generating roughly one-half of annual revenue from recurring parts, services, rebuilds, and leasing operations. | $134 | +17% | $7B | $9B | 2.3x | 14.4x | ||
 | Talabat Holding PLC is engaged in the on-demand online food ordering, delivery, takeaway and groceries and convenience retail marketplace in the MENA region, with operations in the UAE, Kuwait, Qatar, Bahrain, Egypt, Oman, Jordan, and Iraq. | $0 | -24% | $7B | $6B | 3.7x | 19.2x | ||
| Ingredion is an ingredients provider for the food, beverage, brewing, and animal nutrition industries. The company processes corn, tapioca, potatoes, stevia, grains, fruits, gums, and vegetables into value-added ingredients. The company sells specialty ingredients that include starch-based texturizers and natural alternative sweeteners such as stevia. Ingredion also sells commodity ingredients that include sweeteners, such as high-fructose corn syrup, and starches, such as those used for sustainable packaging, as well as plant-based proteins. | $104 | -25% | $7B | $7B | 1.0x | 6.0x | ||
 | Founded in 2000, Ocado provides automation and logistics solutions to grocers. Ocado operates in two segments: logistics and solutions. Logistics provides fulfillment and delivery services in the United Kingdom. Solutions is based on the Ocado Smart Platform, a modular, automated online retail fulfillment and delivery solution that provides software, fulfillment hardware, and support services to corporate customers in return for upfront and recurring fees. Partners include leading grocers around the world, like Sobeys, Morrisons, ICA, Groupe Casino, Bon Preu, Kroger, and Coles. Ocado also has a 50% stake in Ocado Retail, a pure-play e-grocery business. The other 50% is owned by Marks & Spencer. | $3 | -20% | $2B | $4B | 2.0x | 15.7x | ||
| Nomad Foods Ltd is a packaged foods company that is involved in the business of manufacturing and distribution of branded frozen foods in Western Europe. The company manufactures and markets frozen food products such as fish, vegetables, poultry, Ice Cream and ready meals like pizza. It sells its products through large grocery retailers under the brand Birds Eye in the United Kingdom and Ireland, Findus in Italy, France, Spain, and Scandinavia, and Iglo in Germany and other continental markets. The company operates through a single segment being Frozen. The majority of the revenue is generated from the United Kingdom. | $10 | -42% | $1B | $4B | 1.1x | 6.1x | ||
| Dingdong (Cayman) Ltd is the fastest growing on-demand e-commerce company in China. The company directly provides users and households with fresh produce, meat and seafood, and other daily necessities through a convenient shopping experience supported by an extensive self-operated frontline fulfillment grid. It recognizes revenues from product sales of fresh groceries and other daily necessities through Dingdong Fresh APP and mini-programs and membership services. | $3 | +28% | $575M | $348M | 0.1x | 6.6x | ||
| Beyond Meat Inc is a provider of plant-based meat company offering a portfolio of revolutionary plant-based meats. It builds meat directly from plants, an innovation that enables consumers to experience the taste, texture and other sensory attributes of popular animal-based meat products while enjoying the nutritional and environmental benefits of eating plant-based meat product It has products such as burgers, sausage, ground beef, jerky, meatballs and chicken. The company generates revenue from sales of its products to the customers across mainstream grocery, mass merchandiser, club store, convenience store and natural retailer channels and various food-away-from-home channels, including restaurants, foodservice outlets and schools, mainly in the United States. | $1 | -73% | $407M | $717M | 2.6x | 2.7x | ||
| Oatly Group AB is engaged in the food and drinks industry. Some of its products include Oat Drink, Chilled Oat Drink, Oatgurt, Creamy Oat, and Icecreams, among others. It caters to Sweden, Germany, the United Kingdom, Netherlands, North America, Finland, and Other markets. The company generates revenue from the EMEA, Americas, and Asia regions, with the majority of revenue generated from the EMEA region. | $10 | -8% | $314M | $811M | 0.9x | 119.0x | ||
| Circus SE is a technology company based in Germany that develops autonomous solutions for the food service industry, using robotics and artificial intelligence. The Circus group's core products consist of three components: CA-1 Food-Robots, which includes the CA-1 Series 4, a patented autonomous kitchen robot system with AI integration, designed for autonomous use in commercial environments, from retail to cafeteria replacement; CA-M Food Robots, an autonomous field kitchen specifically designed for military operations, disaster relief, and remote, high-risk environments; and the Circus Operating System, the group's central, Al-native operating system for managing, monitoring, and maintaining CA-1 and CA-M robots. | $9 | -47% | $217M | $222M | 758.9x | (16.3x) | ||
 | Demae-Can Co Ltd Ltd operates an Internet store in Japan. The company operates through two business segments including Demae-can Business and Mail Order Business. The Demae-can segment operates a website for the door-to-door delivery service, and the mail order sales segment sells, Shochu to restaurants on the phone. | $1 | -52% | $80M | ($76M) | (0.3x) | 2.4x | ||
| RIDE ON EXPRESS Holdings Co Ltd is a Japanese company engaged in the food delivery business. | $6 | -2% | $60M | $29M | 0.2x | 5.1x | ||
| Cookpad Inc is a Japanese Internet company that specializes in the sharing of user-created food recipes. The company operates Cookpad, Japan's largest recipe-sharing site, which allows users to upload and browse recipes. While the Cookpad site is the company's largest segment, it also offers various services to its online users, such as professional recipes, discussion boards, cooking lessons, weight-loss advice, and home food-delivery services. In 2014, the company expanded outside of Japan, where it still generates the majority of its revenue. Cookpad now also operates in Indonesia, the Philippines, South America, the United States, and the United Kingdom. | $1 | -33% | $56M | ($11M) | (0.3x) | (1.5x) | ||
 | My Food Bag Group Ltd operates in the online food delivery market in New Zealand. It delivers bags full of fresh and locally sourced ingredients along with easy-to-follow recipes direct to families across New Zealand. The company drives revenue principally by the volume of bags delivered to customers and the average order value of bags delivered. The company operates in one geographic area, New Zealand. | $0 | +32% | $45M | $52M | 0.5x | 5.5x | ||
| Local Bounti Corp is a controlled environment agriculture company. Its business model is based on building local facilities, operated by local teams, to deliver fresh and quality produce to local communities while maintaining a limited carbon footprint. Using proprietary technology to grow leafy greens and herbs in smart greenhouses with a cultivation process that uses less water and land than conventional agriculture, free from herbicides or pesticides, it delivers products that have a longer shelf life, and are good in taste. | $2 | -16% | $40M | $519M | 10.7x | (13.3x) | ||
 | MeatBox Global Inc operates as a livestock product sold through a direct transaction platform and conducts an e-commerce business selling livestock products and food materials within the platform. | $5 | -40% | $27M | $19M | 0.2x | 3.5x | ||
 | VL E-Governance & IT Solutions Ltd operates mainly in the E-Governance and IT/ITES sector, specializing as a system integrator and end-to-end service provider for large-scale E-Governance projects. The company has expertise in managing extensive multi-state enrollment initiatives, data digitization, software development, and licensing. Its business activities encompass E-Governance services, IT/ITES system integration, B2B trading, and trading of IT/ITES equipment. The entire business is categorized under a single reportable segment called E-Governance & IT/ITES Business (B2B). | $0 | -78% | $16M | $11M | 3.5x | (448.5x) | ||
| Plasmapp Co Ltd operates as a medical solution company. It develops sterilization and disinfection technologies, regeneration activation technologies, and other technologies. Based on this technology, Plasmapp has devised a novel plasma sterilizer for medical tools known as STERPACK packaging pouches. | $4 | -- | $14M | $19M | 3.4x | (7.8x) | ||
 | Steakholder Foods Ltd is engaged in transforming the alternative protein industries through its technology. The group specializes in developing and selling 3D-printing production machines, supported by proprietary premix blends, formulated from the highest-quality raw ingredients. These tools help manufacturers of all sizes efficiently produce foods that meet consumer expectations for taste, texture, and appearance and offer a safe and sustainable alternative to industrialized meat and seafood production. The company's expertise in creating alternative protein products replicating traditional meats' complex textures such as beef steaks, white fish, shrimp, and eel. It also explores the integration of cultivated cells, preparing for future advancements in food technology. | $4 | -56% | $7M | $4M | - | (0.5x) | ||
 | Webuy Global Ltd is an emerging Southeast Asian (SEA) community-oriented e-commerce retailer (Community e-Commerce Retailer) with a focus on grocery and travel. Community e-commerce is a deepened extension form of e-commerce, where social media users with mutual interest and like-minded behavior are connected, forming a community group within a network through an online medium. Its mission is to make social shopping a new lifestyle for consumers and to empower consumers’ purchases with an efficient, cost-saving purchasing model. The company is also engaged in selling packaged tours to its customers. The majority of revenue is derived from the sales of groceries through its online platform. Its geographic areas are Singapore, Indonesia, and Malaysia. | $1 | -80% | $6M | $5M | 0.3x | (1.5x) | ||
 | Moolec Science SA is a science-based ingredient company focused on producing real animal proteins in plants through Molecular Farming, a technology in the alternative protein landscape. Its purpose is to upgrade the taste, nutrition, and affordability of alternative protein products while building a more sustainable and equitable food system. The company has various products in its pipeline, such as; TSP Valorasoy which is a soy protein product to produce vegetable proteins with texture and fibrousness similar to those of meat, Glaso, a safflower oil with high levels of gamma-linolenic acid, SPC2 which is a plant-based chymosin, YEEA1, an extract derived from a novel yeast biomass with specific properties, and others. The company's maximum revenues from operations in Argentina. | $7 | -94% | $5M | $243M | 0.7x | (2.2x) | ||
| Planethic Group AG offers vegan food in the multi-category in the DACH region via five different brands. It picks up on world-wide food trends at an early stage and develop concepts and products for a sustainable food industry, which are placed and sold under brands Veganz, Happy Cheeze, Mililk, Peas on Earth and Orbifarm. The company's products are mainly produced in-house and only its confectionery range is contract manufactured with long-term partners. Its product range includes non-chilled and chilled products for the important meals of the day: for example, it offers breakfast ingredients - such as sweet spread and milk alternatives - as well as meat and cheese alternatives, protein products and snacks. | $3 | -- | $5M | $16M | 1.3x | (6.0x) | ||
| Next Meats Holdings Inc. is a Japanese company that operates in the industry that provides an alternative to meat. It develops and sells alternative meat products, with ingredients derived, predominantly, plant-based materials. | $0 | -- | $4M | $4M | - | - | ||
| SavorEat Ltd is engaged in the business of developing meat-alternative products. The company operates in a single activity sector, which is the development of a technological platform for the production and roasting of meat substitutes through digital production, including Three D printing. The company is developing a system for the production and printing of meat substitutes from plant-based products. | $1 | -- | $1M | $1M | - | - | ||
 | Modern Plant Based Foods Inc is a Canadian food company engaged in developing and selling plant-based meat alternatives made from plants. It offers a portfolio of plant-based products including meat alternatives, dairy-free cheeses, homemade style soups and vegan snacks. The company's product lineup includes the modern burgers, modern crabcakes, modern meatballs, modern crumbles, and sauces. It offers its products through various retail locations in the British Columbia Lower Mainland, as well as on e-commerce platforms. The company's revenue consists of sales of plant-based and health food products to wholesale and retail customers. Geographically, it derives the maximum revenue from Canada. | $0 | -- | $958K | $3M | 6.1x | (5.6x) | ||
| Missfresh Ltd an online-and-offline integrated on-demand retail business offering fresh produce and fast-moving consumer goods. Through its "Missfresh" mobile application and Mini Program embedded in third-party social platforms, which feature substantially similar user interface and functions, consumers can purchase grocery at their fingertips and receive products delivered by its delivery riders to their doorstep. The Group’s assets are located in the PRC and its revenues are derived from within the PRC. | -- | -- | $1K | ($9M) | - | - | ||
| Median | $4 | -24% | $265M | $434M | 2.0x | 5.3x |
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