THE RETAIL BULLETIN - The home of retail news
HOME
Department Stores
Electricals
Entertainment
Fashion
Food & Drink
General Merchandise
Health & Beauty
Home & DIY
Interviews
Newsletter
Property
Shopping Centres & Retail Parks
Sports & Leisure
The Papers
RETAIL INSIGHTS
RETAIL SOLUTIONS
• The HR Summit 2019
• AI in Retail Conference 2019
• Omnichannel Futures Conference 2020
• Future of Customer Engagement 2020
ABOUT
CONTACT
SUBSCRIBE FOR FREE
Ocado takes minority stake in food robotics firm Karakuri

Online grocer Ocado has acquired a minority stake in robotics start-up company Karakuri. The company has produced a new machine which automates the assembly of food-to-go… View Article

FOOD & DRINK

Ocado takes minority stake in food robotics firm Karakuri

Online grocer Ocado has acquired a minority stake in robotics start-up company Karakuri.

The company has produced a new machine which automates the assembly of food-to-go and enables retailers and restaurants to personalise meals.

Featuring a configurable and modular design that can be installed in-store or in “dark kitchens”, the machines can be used in the assembly of all boxed meals and can aggregate up to 48 food items to create a wide range of food-to-go options.

Ocado Group’s ventures arm led the £7 million seed round with an equity investment of £4.75 million for 18% of the company and a seat on the board. If Ocado meets certain pre-agreed targets in the take-up of the technology, it will then have the right to purchase additional shares in the company.

Ocado expects to take delivery of the first machines in the second half of 2019.

Tim Steiner, chief executive of Ocado, said: “Ocado is constantly striving to identify the best and most innovative solutions to provide consumers with the greatest possible value, choice and convenience. Our investment in Karakuri, potentially a game-changer in the preparation of food-to-go, gives us the opportunity to bring the best of innovation to the benefit of our own customers as well as those of our partners.”

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

The HR Summit 2019
The HR Summit 2019
8 October 2019
Hallam Conference Centre, London W1W 6JJ
Company values, collaboration with employees and driving a major HR transformation to create a truly omnichannel experience, need to be at the heart of the organisation's culture and brand
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, London W1G 9DT
SENIOR-LEVEL FORUM FOR HEADS OF MARKETING, DIGITAL, ECOMMERCE AND CX
Omnichannel Futures Conference 2020
Omnichannel Futures Conference 2020
5 February 2020
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Future of Customer Engagement 2020
Future of Customer Engagement 2020
10 June 2020
Cavendish Conference Centre, London W1G 9DT
The 11th Annual Retail Customer Engagement Conference