Investment in restaurant and retail technology in the AsiaPacific region reached a peak of $11 billion in 2021, with a decline anticipated in 2022.
In the APAC area, instore retail and restaurant technology generated $1.1 billion in revenue in 2021, a 45% increase from 2020 levels. Technologies in
In the APAC area, instore retail and restaurant technology generated $1.1 billion in revenue in 2021, a 45% increase from 2020 levels. Technologies in this category include 3D food printers, pointofsale systems, food waste monitoring tools, shelfstacking robots, and reservation management software. Due to a massive Series E deal for Singapores Trax, the shop shelf image recognition technology that raised a $640m round, the investment amount was high. According to the 2022 AgFunder AgriFoodTech Investment Report, a select few large rounds globally were responsible for the 62% YOY growth in investment dollars in 2021. However, funding fell to about $700 million in 2022—roughly the same amount that was raised in the area in 2020.
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B2B Tech News | 1 months ago