Author Archives: Elaine Sim

Stockpiling and Food Wastage

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Just last month in February 2020, after the Ministry of Health (MOH) announced the risk assessment of “Disease Outbreak Response System Condition” (DORSCON) alert level has moved from yellow to orange. This has sparked a nation-wide panic buying of essential goods – ranging from food to necessities like toilet paper. When you bulk buy goods […]

Tech For Good: Technologies to Reduce Your Food Waste

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Technologies to reduce your food waste with brand information Food waste is becoming a global issue and to deal with the growing amount of food waste, there have been technology emerging. Each with its own target market, from end-consumers to businesses, these technologies have proven that they are able to innovate well and leverage on […]

SG Food Waste Startup Lumitics Raises US$557,000 In Seed Round

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Singaporean startup Lumitics, a food waste technology company, has recently secured US$557,000 in an oversubscribed seed funding round. The financing was led by boutique early stage investment firm ReadyVentures and angel investor and hospitality veteran Franck Courmont. Lumitics’ proprietary device is called Insight, a smart waste tracker that uses sensors and image recognition to identify what […]

Startup developing smart food waste tracker snaps up seed funding


Singaporean foodtech startup Lumitics, previously known as Good For Food, announced that it has raised S$750,000 (or about US$557,000) in a seed funding round co-led by angel investor and hospitality industry veteran Franck Courmont and ReadyVentures. Courmont and Nicholas Cocks from ReadyVentures will join the startup as board members, according to a statement. Participating investors include […]

Lumitics raises seed funding to track the food wasted by Singapore’s F&B outlets and restaurants


Lumitics offers Insight, a smart food waste tracker that leverages on sensors and their proprietary image recognition tech to weigh and identify what restaurants and kitchens throw away. Lumitics, a food waste technology startup based out of Singapore, has received US$557,000 in an oversubscribed seed funding round, co-led by the business angel and hospitality industry […]

Food-waste tracking startup Lumitics raises S$750,000 for regional expansion

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FOOD technology startup Lumitics on Tuesday said it has secured S$750,000 in an oversubscribed seed funding round co-led by ReadyVentures and angel investor Franck Courmont. Other participating investors include Startup-O and Louise Daley, who is deputy chief executive of Accor Hotels Asia Pacific. Ms Daley invested privately. Mr Courmont, who is a veteran in the […]

Obstacles to Reducing Food Waste

Obstacles To Reducing Food Waste

These days, consumers are more concerned about the sustainability of a business. Companies, therefore, need to ensure that they are also sustainable in their practices to attract more customers. Additionally, being sustainable also has an added benefit which is that it brings cost savings to the business as well. If being sustainable is all good, […]