INSUBCONTINENT EXCLUSIVE:
startup that has developed smart kitchen tech to help commercial kitchens reduce food waste, is disclosing $12 million in Series B
funding.Backing the round is Ingka Group (a strategic partner to the Ikea franchisee system), Mustard Seed, Circularity Capital, D: Ax and
It follows a recent $8 million loan from The European Investment Bank (EIB), meaning that Winnow has added $20 million of capital in the
last month.Counting global clients such as Ikea and the Armani Hotel in Dubai, Winnow is on a mission to offer the hospitality industry
by using computer vision to track what food is being discarded and therefore enabling kitchens to make better inventory decisions.Notably,
the Winnow system claims to have already reached and surpassed human levels of accuracy in identifying food being thrown away
CEO Marc Zornes likes to put it, is that what gets measured, gets managed
The startups says that kitchens using Winnow tend to see a 40-70% reduction in food waste within 6-12 months, driving food cost savings
This will include investing in new QA engineers to enhance development, through to front-end developers to improve its reporting features.
