OXO weighs investment in Munch
OXO Technologies on Friday said its board voted to start investment talks with Munch Europe, which has developed a platform for restaurants to sell their surplus food, according to a report by state news wire MTI.
OXO is considering a EUR 500,000 investment in the startup, part of a EUR 1.2 million funding round.
Munch's website and mobile application match retail consumers with catering businesses that need to sell the surplus. The platform allows consumers to make purchases at discounts up to 40-50% while preventing food waste.
Launched in 2020, Munch has over 450 business partners, and more than 80,000 people have downloaded its app. Over 5,500 people actively use Munch each month.
MOL Shareholders Approve Dividend of Around HUF 250/Share
Gov't Awards HUF 6.5 bln of Subsidies to SMEs in Underdevelo...
Hungary's Largest ESG Consultancy Formed by Merger of EY, De...
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
