Olio, the app that lets you share unwanted food items with your neighbours, picks up £6M Series A

Jul 11, 2018 · techcrunch.com

Tessacook saashacelestialone cofounders olio credit annabelstaff 0601

Olio, the hyperlocal food sharing app that wants to help tackle the world’s food waste epidemic, has picked up $6 million in Series A funding.

The U.K. startup offers a location-based app and website that lets you list and post a photo of unwanted food items to be shared with other people in the same neighbourhood. That is, food that you might otherwise throw away.

The company, Olio co-founder and CEO Tessa Clarke told me in a call earlier this week, was born out of the idea that a bottom-up, community approach — driven by individual behaviour — is the most scalable way to cut down on the amount of food households typically waste. She says about a third of food production is thrown away and/or allowed to perish, which mostly ends up in landfill, and that food in the home represents about half of this.

The startup helps businesses tackle the problem, too. Dubbed the "Food Waste Heroes Programme," Olio is enabling companies, such as retailers or those operating events and corporate canteens, to utilise the Olio platform and community to become "zero food waste" organisations.

Read Complete Article

RT @Startup_van: A very special evening at #behindthecurtain episode five! Two legends of the #fintech game @rickykno founder of @TandemMon…

RT @Chance2Shine: SHOT!!! @SadiqKhan is a very handy batsman 👏👏👏 New funding from @MayorofLondon will ensure many more children across th…

#TechX365: The UK raised over $2 billion in #venturecapital investment last quarter, but #Brexit remains a concern.… https://t.co/oOiiCnsl5q

The Death of the Gods, book review: Power in the digital age https://t.co/sZYCH9V1X9

Fun (?) fact: the US stock market ended the week of the Lehman Brothers collapse higher than it had started it. Thi… https://t.co/bmyjh9133u