Hospitality/Food

The government of Chile gave $350,000 in funding to tech startup Kaitek Labs to develop prototype of a device that detects red tide in a bid to reduce the costs of testing for toxins.

Zoe's Kitchen announced pricing its initial public offer for USD15 per share of common stock listed on the New York Stock Exchange.

San Francisco, US-based online food delivery startup Munchery raised $28 million in a Series B funding round led by Sherpa Ventures to bring its service to Seattle and other places in the US.

Berkeley, US-based on-demand food startup SpoonRocket raised $10 million in funding from Foundation Capital and General Catalyst to deliver food to customers in San Francisco and East Bay within 15 minutes.

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Boston, Massachusetts-based wine discovery mobile app Drync landed $2.1 million in a funding round from institutional and angel investors to build its wine shopping platform.

Philippine consortium LT Group Inc (LTG) increased its stake in Negros Occidental-based integrated sugar mill and refinery Victorias Milling Company Inc (VMC) from 7.4% to 14.8% for an undisclosed amount.

Belfast, Ireland-based home-brewing firm Cargo bagged £82,000 in funding from Invest North Ireland (NI) for the development and marketing of its smartphone-controlled beer-making robot Brewbot.

Davis, California-based agricultural biotech firm BioConsortia Inc took hoe $15 million in a Series B funding led by Khosla Ventures and Otter Capital to accelerate the commercialization of its crops.

Ireland-based same-day hotel booking startup Hot Hotels bagged $1 million (€730,000) in funding from private investors and accelerator funds to fuel its expansion into Europe and South America.

The shares of GrubHub Inc. has started trading on the New York Stock Exchange on Friday with investors scrambling to partake on the online food order site, reported Reuters.

GrubHub Inc. announced pricing its public debut at USD26 per share piece and would start trading on Friday on the New York bourse, reported Reuters.

Dubai's sovereign wealth fund, Investment Corp of Dubai, has bought a stake in Kerzner International but did not disclose information regarding the terms of the deal, reported Reuters.

Redefine International announced on Monday its acquisition of a 40% stake BNRI Earls Court in a deal valued GBP6.3 million, reported Ventures Africa.

Ventures Africa reported that Marriott International has finalized an acquisition deal for Protea Hotels valued USD191 million.