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The Founder's Handbook

Top 37 Food and Beverage Unicorns in 2024

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The Food and Beverage industry is filled with successful companies that have raised millions of dollars in VC funding that came from some of the top investors in the world.

Many of these successes have turned into unicorns — private companies worth over $1 billion.

If you want to build the next unicorn in the Food and Beverage space, these 37 companies should be your inspiration.

37 Food and Beverage Unicorns Companies

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1) Yuanqi Senlin

Yuanqi Senlin

Genki Forest is a company with Internet genes and sugar-free roots which produces a variety of healthy beverages with original, proprietary formulas.

Details of the startup:

  • Valuation: $15.00B (March 2020)
  • Country: China
  • State: Beijing
  • City: Beijing
  • Started in: 2016
  • Founders: Binsen Tang
  • Number of employees: 5,000-10,000
  • Funding: $721.31M
  • Funding rounds: 5
  • Number of investors: 9

You can find their website here.

2) Weilong

Weilong

Weilong Foods is a snack food brand that produces and manufactures spicy noodles, dried seafood, and other series of snack foods.

Details of the startup:

  • Valuation: $10.88B (May 2021)
  • Country: China
  • State: Henan
  • City: Luohe
  • Started in: 1999
  • Founders: Liu Fuping, Liu Weiping
  • Funding: $559.74M
  • Funding rounds: 1
  • Number of investors: 10

You can find their website here.

3) HEYTEA

HEYTEA

HeyTea offers a selection of specialty tea and fruit teas, including mixed berry tea and cheese-topped milk tea.

Details of the startup:

  • Valuation: $9.28B (July 2019)
  • Country: China
  • State: Guangdong
  • City: Shenzhen
  • Started in: 2012
  • Founders: Yunqi Nie
  • Number of employees: 1,000-5,000
  • Funding: $579.23M
  • Funding rounds: 7
  • Number of investors: 12

You can find their website here.

4) Xingsheng Selected

Xingsheng Selected

Xingsheng Youxuan is the only one-stop community shopping platform for consumers to buy products and services in one place.

Details of the startup:

  • Valuation: $7.83B (July 2020)
  • Country: China
  • State: Hunan
  • City: Changsha
  • Started in: 2009
  • Founders: Lihua Yue
  • Number of employees: 10,000+
  • Funding: $5,040.00M
  • Funding rounds: 9
  • Number of investors: 14

You can find their website here.

5) Flink

Flink

Flink is an online startup that offers grocery deliveries in ten minutes.

Details of the startup:

  • Valuation: $5.00B (December 2021)
  • Country: Germany
  • City: Berlin
  • Started in: 2021
  • Founders: Christoph Cordes, Julian Dames, Nikolas Bullwinkel, Oliver Merkel, Saad Saeed
  • Number of employees: 5,000-10,000
  • Funding: $1,042.00M
  • Funding rounds: 4
  • Number of investors: 10

You can find their website here.

6) Impossible Foods

Impossible Foods

Impossible Foods is a food technology company that makes delicious, nutritious plant-based alternatives of meat, dairy and fish.

Details of the startup:

  • Valuation: $4.00B (May 2019)
  • Country: United States
  • State: California
  • City: Redwood City
  • Started in: 2011
  • Founders: Monte Casino, Patrick Brown
  • Number of employees: 500-1,000
  • Funding: $2,006.16M
  • Funding rounds: 24
  • Number of investors: 57

You can find their website here.

7) Kurly

Kurly

Market Kurly is a food delivery and logistics platform that enables its users to order food online.

Details of the startup:

  • Valuation: $3.30B (July 2021)
  • Country: South Korea
  • City: Seoul
  • Started in: 2014
  • Founders: Sophie Kim
  • Number of employees: 250-500
  • Funding: $769.86M
  • Funding rounds: 8
  • Number of investors: 14

You can find their website here.

8) Meicai

Meicai

Meicai is an e-commerce platform for agricultural products that offers a wide selection of organic food, natural pesticide and chemical fertilizer. It has developed an advanced online service system using cutting-edge technology to improve the efficiency of supply chains across the country, enabling farmers to enjoy mechanization, and improving farmers’ livelihood and the quality of rural life.

Details of the startup:

  • Valuation: $2.80B (June 2016)
  • Country: China
  • State: Beijing
  • City: Beijing
  • Started in: 2014
  • Founders: Chuanjun Liu, Xueyin Xu
  • Number of employees: 1,000-5,000
  • Funding: $199.00M
  • Funding rounds: 8
  • Number of investors: 8

You can find their website here.

9) Eat Just

Eat Just

EAT JUST is inspiring a global shift in perception towards veganism and plant- based foods.

Details of the startup:

  • Valuation: $2.59B (November 2017)
  • Country: United States
  • State: California
  • City: San Francisco
  • Started in: 2011
  • Founders: Josh Balk, Josh Tetrick
  • Number of employees: 100-250
  • Funding: $303.10M
  • Funding rounds: 12
  • Number of investors: 39

You can find their website here.

10) Zume

Zume

Zume is a manufacturing technology company focused on food packaging with economically viable substitutes for plastic packaging.

Details of the startup:

  • Valuation: $2.25B (November 2018)
  • Country: United States
  • State: California
  • City: Mountain View
  • Started in: 2015
  • Founders: Alex Garden, Julia Collins
  • Number of employees: 100-250
  • Funding: $445.69M
  • Funding rounds: 7
  • Number of investors: 10

You can find their website here.

11) Motif

Motif

Motif is a company that specialises in food technology.

Details of the startup:

  • Valuation: $2.20B (June 2021)
  • Country: United States
  • State: Massachusetts
  • City: Boston
  • Started in: 2019
  • Founders: Jonathan McIntyre
  • Number of employees: 11-50
  • Funding: $343.50M
  • Funding rounds: 4
  • Number of investors: 20

You can find their website here.

12) Guoquan Shihui

Guoquan Shihui

Guoquan Shihui is a food supply chain brand that supplies hot-pot and barbecue ingredients to supermarkets and convenience stores.

Details of the startup:

  • Valuation: $2.00B (March 2021)
  • Country: China
  • State: Shanghai
  • City: Shanghai
  • Started in: 2017
  • Founders: Yang Mingchao
  • Number of employees: 10-50
  • Funding: $154.30M
  • Funding rounds: 5
  • Number of investors: 9

You can find their website here.

13) Misfits Market

Misfits Market

Misfits Market delivers a customized subscription box service for organically sourced products.

Details of the startup:

  • Valuation: $2.00B (April 2021)
  • Country: United States
  • State: New Jersey
  • City: Pennsauken
  • Started in: 2018
  • Founders: Abhi Ramesh
  • Number of employees: 100-250
  • Funding: $526.50M
  • Funding rounds: 4
  • Number of investors: 10

You can find their website here.

14) Gousto

Gousto

Gousto, an online meal-kit service, automates the entire process from combining ingredients to delivery.

Details of the startup:

  • Valuation: $1.70B (November 2020)
  • Country: United Kingdom
  • State: England
  • City: London
  • Started in: 2012
  • Founders: James Carter, Timo Boldt
  • Number of employees: 500-1,000
  • Funding: $361.00M
  • Funding rounds: 14
  • Number of investors: 14

You can find their website here.

15) ezCater

ezCater

EzCater is the fastest growing online marketplace for those in need of catering services. Whether you’re headed to a board meeting, a business lunch, or an after-work happy hour, EzCater makes it easy and affordable for you to find fresh food and fantastic local catering options.

Details of the startup:

  • Valuation: $1.60B (April 2019)
  • Country: United States
  • State: Massachusetts
  • City: Boston
  • Started in: 2007
  • Founders: Briscoe Rodgers, Stefania Mallett
  • Number of employees: 250-500
  • Funding: $255.00M
  • Funding rounds: 11
  • Number of investors: 25

You can find their website here.

16) Promasidor Holdings

Promasidor Holdings

Promasidor is Africa’s leading manufacturer and supplier of seasonings and processed foods. Its brands are well-established household names, recognized for high quality.

Details of the startup:

  • Valuation: $1.59B (November 2016)
  • Country: South Africa
  • City: Bryanston
  • Started in: 1979
  • Founders: Robert Rose
  • Number of employees: 1,000-5,000
  • Funding: $556.00M
  • Funding rounds: 2
  • Number of investors: 2

You can find their website here.

17) Xianshenghuo

Xianshenghuo

Xianshenghuo offers cold chain solutions for the transportation of fresh food.

Details of the startup:

  • Valuation: $1.57B (March 2022)
  • Country: China
  • State: Sichuan
  • City: Chengdu
  • Started in: 2016
  • Number of employees: 10001+
  • Funding: $101.61M
  • Funding rounds: 3
  • Number of investors: 6

You can find their website here.

18) Kitopi

Kitopi

Kitopi is a cloud kitchen startup that provides delivery only services for restaurants.

Details of the startup:

  • Valuation: $1.55B (July 2021)
  • Country: United Arab Emirates
  • City: Dubai
  • Started in: 2018
  • Founders: Andres Arenas, Bader Ataya, Mohamad Ballout, Saman Darkan
  • Number of employees: 1,000-5,000
  • Funding: $502.20M
  • Funding rounds: 4
  • Number of investors: 20

You can find their website here.

19) Wenheyou

Wenheyou

Wenheyou operates a range of food and beverage brands.

Details of the startup:

  • Valuation: $1.55B (April 2021)
  • Country: China
  • State: Hunan
  • City: Changsha
  • Started in: 2013
  • Founders: Bin Feng
  • Funding: $92.44M
  • Funding rounds: 3
  • Number of investors: 7

You can find their website here.

20) Yijiupi

Yijiupi

Yijiupi is a one-of-a-kind e-commerce platform that connects beverage suppliers and consumers directly. With this innovative business model, they are transforming the beverage industry.

Details of the startup:

  • Valuation: $1.50B (September 2018)
  • Country: China
  • State: Beijing
  • City: Beijing
  • Started in: 2014
  • Founders: Sheng Qiang Chen, Shi Tao
  • Number of employees: 1,000-5,000
  • Funding: $2,517.00M
  • Funding rounds: 7
  • Number of investors: 15

You can find their website here.

21) NotCo

NotCo

NotCo is a food technology company that produces plant-based meat and dairy substitutes.

Details of the startup:

  • Valuation: $1.50B (July 2021)
  • Country: Chile
  • City: Santiago
  • Started in: 2015
  • Founders: Karim Pichara Baksai, Matias Muchnick, Pablo Zamora
  • Number of employees: 250-500
  • Funding: $395.84M
  • Funding rounds: 7
  • Number of investors: 18

You can find their website here.

22) Yipin Shengxian

Yipin Shengxian

Yipin Fresh provides a range of fresh and discounted food products, ensuring you’re always saving on your grocery bill.

Details of the startup:

  • Valuation: $1.49B (March 2019)
  • Country: China
  • State: Anhui
  • City: Hefei
  • Started in: 2017
  • Founders: Jianfei Jiang
  • Number of employees: 1-10
  • Funding: $658.49M
  • Funding rounds: 3
  • Number of investors: 4

You can find their website here.

23) Manner

Manner

Manner is a specialty coffee chain, committed to exceptional atmosphere, taste, and style while maintaining a sustainable work environment.

Details of the startup:

  • Valuation: $1.30B (December 2020)
  • Country: China
  • State: Shanghai
  • City: Shanghai
  • Started in: 2015
  • Founders: Yulong Han
  • Number of employees: 50-100
  • Funding: $497.19M
  • Funding rounds: 3
  • Number of investors: 4

You can find their website here.

24) Cava Group

Cava Group

Cava Group is a Mediterranean food brand that specializes in chef-crafted dips and spreads.

Details of the startup:

  • Valuation: $1.30B (April 2021)
  • Country: United States
  • State: DC
  • City: Washington
  • Started in: 2010
  • Founders: Brett Schulman, Dimitri Moshovitis, Ike Grigoropoulos, Ronald M. Shaich, Theodore Xenohristos
  • Number of employees: 5,000-10,000
  • Funding: $678.35M
  • Funding rounds: 10
  • Number of investors: 9

You can find their website here.

25) Flipdish

Flipdish

Flipdish helps on-demand food businesses create branded food ordering systems, websites, and apps.

Details of the startup:

  • Valuation: $1.25B (January 2022)
  • Country: Ireland
  • City: Dublin
  • Started in: 2015
  • Founders: Conor McCarthy, James McCarthy
  • Number of employees: 250-500
  • Funding: $156.34M
  • Funding rounds: 6
  • Number of investors: 6

You can find their website here.

26) BrewDog

BrewDog

BrewDog is a craft beer company that produces unpasteurized bottled and can beers in a variety of styles.

Details of the startup:

  • Valuation: $1.24B (April 2017)
  • Country: United Kingdom
  • State: Scotland
  • City: Aberdeen
  • Started in: 2007
  • Founders: James Watt, Martin Dickie
  • Number of employees: 1,000-5,000
  • Funding: $296.77M
  • Funding rounds: 15
  • Number of investors: 7

You can find their website here.

27) Choco

Choco

Our goal is to create a sustainable food system.

Details of the startup:

  • Valuation: $1.20B (April 2022)
  • Country: Germany
  • State: Berlin
  • City: Berlin
  • Started in: 2018
  • Founders: Daniel Khachab, Julian Hammer, Rogério Da Silva Yokomizo
  • Number of employees: 251-500
  • Funding: $309.81M
  • Funding rounds: 6
  • Number of investors: 13

You can find their website here.

28) Daily Harvest

Daily Harvest

Daily Harvest is a customer-first platform that provides subscription-based food delivery services to offer healthy frozen foods.

Details of the startup:

  • Valuation: $1.10B (November 2021)
  • Country: United States
  • State: New York
  • City: New York
  • Started in: 2014
  • Founders: Rachel Drori
  • Number of employees: 100-250
  • Funding: $120.98M
  • Funding rounds: 6
  • Number of investors: 24

You can find their website here.

29) Cirkul

Cirkul

Cirkul is a beverage company that creates delicious and nutritious flavoured drinking water.

Details of the startup:

  • Valuation: $1.07B (June 2022)
  • Country: United States
  • State: Florida
  • City: Tampa
  • Started in: 2015
  • Founders: Andy Gay, Garrett Waggoner
  • Number of employees: 51-100
  • Funding: $111.57M
  • Funding rounds: 4
  • Number of investors: 4

You can find their website here.

30) Jiuxian

Jiuxian

Jiuxian offers some of the best wine online to help you and your friends share a good drink, whether you’re celebrating or commiserating.

Details of the startup:

  • Valuation: $1.05B (July 2015)
  • Country: China
  • State: Beijing
  • City: Beijing
  • Started in: 2009
  • Founders: Haofeng He
  • Number of employees: 100-250
  • Funding: $249.21M
  • Funding rounds: 8
  • Number of investors: 7

You can find their website here.

31) UPSIDE Foods

UPSIDE Foods

Upside Foods is a food technology firm that manufactures and grows sustainable cultured meat.

Details of the startup:

  • Valuation: $1.00B (April 2022)
  • Country: United States
  • State: California
  • City: Berkeley
  • Started in: 2015
  • Founders: Nicholas Genovese, Uma Valeti, William Clem
  • Number of employees: 101-250
  • Funding: $623.00M
  • Funding rounds: 7
  • Number of investors: 39

You can find their website here.

32) Kopi Kenangan

Kopi Kenangan

Kopi Kenangan is Indonesia’s fastest-growing coffee chain, leveraging on a tech-based 'grab & go' strategy.

Details of the startup:

  • Valuation: $1.00B (December 2021)
  • Country: Indonesia
  • City: Kebayoran Baru
  • Started in: 2017
  • Founders: Edward Tirtanata, James Prananto
  • Number of employees: 50-100
  • Funding: $233.00M
  • Funding rounds: 6
  • Number of investors: 17

You can find their website here.

33) Zihaiguo

Zihaiguo

Zihaiguo is a developer and retailer of self-heating hot pots.

Details of the startup:

  • Valuation: $1.00B (May 2021)
  • Country: China
  • State: Chongqing
  • City: Chongqing
  • Started in: 2018
  • Founders: Hongliang Cai
  • Number of employees: 10-50
  • Funding: $3,206.53M
  • Funding rounds: 5
  • Number of investors: 5

You can find their website here.

34) Slice

Slice

Slice is a provider of tools for pizzerias to manage the digital side of their businesses.

Details of the startup:

  • Valuation: $1.00B (November 2021)
  • Country: India
  • City: Bengaluru
  • Started in: 2015
  • Founders: Ilir Sela
  • Number of employees: 500-1,000
  • Funding: $303.73M
  • Funding rounds: 6
  • Number of investors: 14

You can find their website here.

35) Swile

Swile

Swile is a digital solutions provider for employee benefits with an all-in-one smartcard and an app for team life.

Details of the startup:

  • Valuation: $1.00B (October 2021)
  • Country: France
  • City: Montpellier
  • Started in: 2016
  • Founders: Loic Soubeyrand
  • Number of employees: 250-500
  • Funding: $328.43M
  • Funding rounds: 4
  • Number of investors: 8

You can find their website here.

36) Licious

Licious

Licious is an online meat and seafood ordering startup that follows an end-to-end business.

Details of the startup:

  • Valuation: $1.00B (October 2021)
  • Country: India
  • City: Bengaluru
  • Started in: 2015
  • Founders: Abhay Hanjura, Varun Sadana, Vivek Gupta
  • Number of employees: 1,000-5,000
  • Funding: $338.00M
  • Funding rounds: 9
  • Number of investors: 24

You can find their website here.

37) Nature's Fynd

Nature's Fynd

Nature’s Fynd is a food company that makes nutritional vegan protein from a microbe.

Details of the startup:

  • Valuation: $1.00B (July 2021)
  • Country: United States
  • State: Illinois
  • City: Chicago
  • Started in: 2012
  • Founders: Mark Kozubal, Matthew Strongin, Thomas Jonas
  • Number of employees: 50-100
  • Funding: $508.48M
  • Funding rounds: 4
  • Number of investors: 17

You can find their website here.

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