To lower prices, Eat JUST plans to expand the number of suppliers of mung beans – the main ingredient in its plant-based egg alternative – and improve its protein extraction technology to increase yields. With over seven million reviews and counting, customers can be confident that they will be receiving the best service and quality of food, ensuring a great take-away experience. Eat JUST Eyes IPO & Looks To Achieve Operational Profitability, Wishing you a healthy and prosperous Lunar New Yea. Oregon’s Laird Superfood — which makes plant … Buy or sell Just Eat stock pre IPO via an EquityZen fund. 21 on CNBC's Disruptor 50 list this year for its efforts to change the food and agriculture industries. Beyond targeting the egg market, Eat JUST has ambitious plans to dip its toes in other alternative protein categories. How To Celebrate The Eco & Cruelty-Free Way, Ugly Food Winners: Meet The Startups Capitalising On Wasted Fruit & Vegetables, Phenix: Fashion Platform OnTheList Launches French App To Rescue Food Waste In Hong Kong, Throwaway Economy: Chinese Consumers Are Ditching Luxury Goods Within 1-3 Years, Says New Study, ‘7-9 Green Store, India: Transforming Shoppers’ – Exclusive Extract From New GAIA Book. “At some point, we’ll enter the … Eat Just's business has shifted since its founding in 2011. To date, only three plant-based companies have gone public. Since Beyond Meat took the IPO plunge in May 2019, a slow but steady trickle of alt-protein startups have followed suit and gone public. Eat Just, which sells products in China and Europe, said it also expects a sales boost from deals with consumer companies, retailers and chicken egg suppliers around the world. In the wake of Beyond Meat Inc.’s wildly successful initial public offering, fellow plant-based protein producer Just Inc. is also weighing when to go public. Bengt Saelensminde explains why. “It’s always been my perspective that eventually going public made the most sense in terms of keeping true to the mission of the company, and today that path seems clearer,” ​he told publication. Eat JUST, the food tech behind the famous plant-based egg, has recently alluded to launching an IPO once it reaches profitability, which the company is aiming for by the end of 2021. Paid posts are clearly marked as such: look for 'This is a Green Queen Partner Post' at the bottom of the page. Looking even further ahead, the company wants to add cultivated meat to its offerings – meat made from real animal cells – but says that this will be “a much longer-term endeavour” and that its first cultivated proteins will most likely come in a hybrid format, made from 50% animal cells and 50% plant-based ingredients. These include The Very Good Food Co., Nabati Foods, Eat Just Inc., and TurtleTree Pte. About Eat Just, Inc. Stock Just (FKA: Hampton Creek) manufactures and markets plant-based food products. Over 98% of our content is editorial and independent. Passionate about the environment, social issues and health, she is always looking into the latest climate stories in Hong Kong and beyond. We INFORM. Eat Just Inc., a startup that makes plant-based eggs, is seeking funding in what may be its last capital raising before an initial public offering, according to people with knowledge of the matter. Selling the plant-based equivalent of 50 million eggs has translated to saving an estimated 7.5 million kilograms of carbon dioxide, 1.9 billion gallons of water and 3,000 acres of land. The latest information on initial public offerings (IPOs), including latest IPOs, expected IPOs, recent filings, and IPO performance from Nasdaq. Just Eat is an online food order and delivery service. Request Access. “More human beings today are consuming egg protein than any other animal protein,” said Tetrick, adding that the company is actively working on disrupting a US$238 billion egg market that spans everything from retail to foodservice and ingredients. For the company to reach profitability, Tetrick says that the main hurdle to overcome is cost. I want nothing to do with the 'Just Eat' IPO Online takeaway directory Just Eat is doing very well for now. Twelve years in the making, IPO … This website or its third-party tools use cookies, which are necessary to its functioning. Speaking with FoodNavigator earlier this week, Tetrick made the statement that keen plant-based industry watchers have been waiting to hear. The Just Eat IPO … Expectations for an IPO of the company, officially called Eat Just Inc, have been fueled by a boom in demand for plant-based food. CHICAGO, Aug 19 (Reuters) - As shoppers raise grocery spending due to the COVID-19 pandemic, plant-based egg startup JUST says it aims to turn an operating profit before the end of next year and then will consider an initial public offering. California’s Death Valley Sees Hottest Temperature Recorded On Earth In A Century, GFI Launches New Data Navigation Tool To Support Alt Seafood Innovation, Nick’s: Swedish Sugar-Free Ice Cream Feat. Eat JUST, Inc. is on a mission to build a food system where everyone eats well. public on the New York Stock Exchange just over a year ago, The Very Good Butchers began trading on the Canadian Securities Exchange, and was followed by female-led plant-based meat brand Modern Meat, sold the plant-based equivalent of over 50 million eggs. Expectations for an IPO of the company, officially called Eat Just Inc, have been fueled by a boom in demand for plant-based food. Expectations for an IPO of the company, officially called Eat Just Inc, have been fueled by a boom in demand for plant-based food. It has identified nine plant-based proteins that are currently not harnessed in the food industry today, which can be utilised in a range of products, from pastas to ice cream. Takeaway.com is a leading online food delivery marketplace, focused on connecting consumers and restaurants in 9 European countries and Vietnam. Initially, the company developed a variety of food products from baking mixes to salad dressings, all of which were plant-based. The company’s world-class team of scientists and researchers leverage a one-of-a-kind discovery platform for food … Our mission is to shift consumer behaviour through our authentic, original and ground-breaking content. Eat JUST, the food tech behind the famous plant-based egg, has recently alluded to launching an IPO once it reaches profitability, which the company is aiming for by the end of 2021. In the biggest UK technology IPO in the last eight years, Just Eat, the online takeaway service, debuted on the London Stock Exchange today. See here for a complete list of exchanges and delays. The best way to describe IPO is how it got here…a young, impressionable barbecue sauce made a road trip through Memphis and the Carolinas, and ended up in Kansas City where all good sauces are born. San Francisco-based startup Eat Just, Inc. (known as JUST) may soon become a publicly traded company, according to CEO Josh Tetrick.In 2019, Tetrick previously revealed potential plans to file an Initial Public Offering (IPO… According to JUST, its plant-based alternative requires 98% less water, has a 93% smaller carbon footprint and uses 86% less land than conventional animal sources. Eat Just isn't publicly traded yet. It started in Los Angeles, California, then moved to … It acts as an intermediary between independent takeaway food outlets and customers. Its flagship product is plant-based scrambled eggs. Plant-based egg maker Eat Just hopes to turn an operating profit before the end of 2021, at which point founder and CEO Josh Tetrick says the company will consider an initial public offering (IPO). A long-time vegan, she also hopes to promote healthy and plant-based lifestyle choices in Asia. By signing up, you agree to receive emails from Green Queen Media. It’s always been my perspective that eventually going public made the most sense in terms of keeping true to the mission of the company, and today that path seems clearer. According to their website, it is headquartered in London, … Sally has a background in Politics and International Relations from her studies at the London School of Economics and Political Science. “Once we get to operating profitability, which we’re looking to do before the end of next year, I’ll start a serious conversation with my team, the board, and a few of our largest shareholders about timing​ [for an IPO].”. Just aims to build a food system "that … A private company can raise capital by selling shares publicly to institutional investors and retail investors through a new stock issuance, called an initial public offering (IPO). JUST, which makes a mayonnaise substitute as well, sells its products in stores including Walmart, Kroger and Whole Foods. “It makes it more likely we’ll go public sooner,” he said. The market valued the company at £1.47 billion … Publisher - Asia's Impact Media - Breaking Sustainability News. By closing this banner you agree to the use of cookies. Just Eat Stock. “Some will likely be used for future JUST Egg products, so we’ll be adding bakery functionality in future​, and some we’ll likely license out,” Tetrick told FoodNavigator. To cut costs, Tetrick said the company needs to find ways to extract more protein from mung beans, and buy more beans from its suppliers in East Africa and Asia so it can negotiate lower costs. To both preserve our planet and provide nutritious … Just Eat provides … Led by companies including Beyond Meat and Impossible Foods, U.S. retail sales of plant-based food rose 11% last year to $5 billion, with the faux egg market nearly tripling, according to market research firm SPINS. Green Queen is an editorially-driven media publication. Eat Just has yet to embark on its IPO, but the company said that it will consider an IPO if it sees profit next year. Eat JUST, Inc., the company behind plant-based mayo and ranch salad dressing, announced this morning that it will be releasing a new iteration of its JUST egg —a four-pack of folded, … All quotes delayed a minimum of 15 minutes. With COVID-19 driving demand for groceries, sales have risen at plant-based food companies, including Beyond Meat which tripled retail sales in the April-June quarter. Tetrick’s announcement came after his company boldly revealed that it has sold the plant-based equivalent of over 50 million eggs. JUST Chief Executive Officer Josh Tetrick said that when the pandemic began spreading he thought it would delay any plans for the company to go public. We INSPIRE. View More Companies. (Editing by Peter Henderson and Jacqueline Wong). In Asia, JUST Egg products are available both in Singapore and in Hong Kong via Green Monday, who retails the folded plant-based egg product at their Green Common retail locations and online. Eat Just Inc. was founded in 2011 under the name Beyond Eggs and then Hampton Creek Foods by childhood friends Josh Balk and Josh Tetrick. Just a few months ago, The Very Good Food Company, the parent company of vegan butcher shop The Very Good Butchers began trading on the Canadian Securities Exchange, and was followed by female-led plant-based meat brand Modern Meat. Finally, Just Eat seeks to enable customers to make informed choices. Sally Ho is Green Queen's resident writer and lead reporter. Ltd. Eat Beyond joins a growing list of plant-based companies that have gone public. EquityZen is a marketplace for shares of proven pre IPO tech companies. Plant-based egg maker and cell-based meat developer Eat Just is on track to post a profit next year, and will then consider an initial public offering, CEO Josh Tetrick told Reuters. But homebound customers increased purchases. In 2019, the California-based food tech company Beyond Meat (BYND) became the first vegan company to IPO. In the same interview, the JUST CEO said that the business opportunity for egg alternatives is huge. Beyond Meat sold shares for $25 each when it went public in May 2019 - the stock is now worth about $124 per share. The company has raised $300 million and was last valued at $1.2 billion. It is one of the most sustainable protein sources on the planet. We EMPOWER. Since Beyond Meat went public on the New York Stock Exchange just over a year ago, two more plant-based food techs have followed suit. It is the first time the company has indicated when it could turn profitable and possibly list. Just Eat has also appointed two new independent non-exec directors to its board in preparation for the IPO — named by the FT as Andrew Griffith, chief financial officer of BSkyB, and … In a recent interview, the brand’s co-founder and CEO Josh Tetrick said that “eventually going public made the most sense,” and added that this goal has never been “clearer”. 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Eat Just landed at No. Earlier this year, Eat Just said that it would consider an IPO after it starts generating an operating profit. JUST Egg requires less land, water and carbon emissions to make than conventional eggs. Eat JUST’s own award-winning vegan mayonnaise is made out of yellow pea protein. Founded by serial entrepreneur Sonalie Figueiras in 2011, Green Queen is an award-winning sustainability & impact media platform advocating for social & environmental change in Asia. San Francisco-based JUST makes a mung bean-based egg substitute that comes in bottles and looks like beaten fresh eggs. Our Standards: The Thomson Reuters Trust Principles. “Once we hit operating profitability, then I’ll really begin considering an IPO with my team and with my board and with some of our major shareholders,” he said. But it's a business that's living on borrowed time. More human beings today are consuming egg protein than any other animal protein.