The round was led by San Francisco-based Hustle Fund, with New York-based 2048 Ventures and Shopify alumni-led Backbone Angels participating. The AI-powered healthy food vending machine startup will use the funds to hire staff in engineering and operations, and plans to roll out over 90 machines in the Toronto area by the end of the year. (The Logic)
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The round was led by San Francisco-based Hustle Fund, with New York-based 2048 Ventures and Shopify alumni-led Backbone Angels participating. The AI-powered healthy food vending machine startup will use the funds to hire staff in engineering and operations, and plans to roll out over 90 machines in the Toronto area by the end of the year. (The Logic)
Talking point: Daily Blends offers fresh, multi-ingredient meals to commuters at an average of $6. The AI-powered software predicts demand based on factors like time of day, weather and location to ensure machines are stocked, “guaranteeing food freshness, ensuring restocking efficiency to the tee,” co-founder and CEO Shriya Gupta told The Logic. The startup is also testing a mobile app, to be launched in the next few weeks. Gupta claimed food waste levels are less than four per cent, lower than the industry average of 15 to 20 per cent. The company has a multi-year contract with Metrolinx, southern Ontario’s regional transit agency, and is exploring expansion in California, she added.
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