{"id":1628452,"date":"2024-04-25T01:00:00","date_gmt":"2024-04-25T01:00:00","guid":{"rendered":"https:\/\/www.greenqueen.com.hk\/?p=72258"},"modified":"2024-04-25T01:00:00","modified_gmt":"2024-04-25T01:00:00","slug":"exclusive-lupreme-maker-eighth-day-foods-puts-tech-business-up-for-sale","status":"publish","type":"post","link":"https:\/\/radiofree.asia\/2024\/04\/25\/exclusive-lupreme-maker-eighth-day-foods-puts-tech-business-up-for-sale\/","title":{"rendered":"Exclusive: Lupreme Maker Eighth Day Foods Puts Tech & Business Up for Sale"},"content":{"rendered":"
Eighth Day Foods, the company known for its Lupreme protein for plant-based applications, is up for sale, having been in talks with buyers for the last three months. The startup decided to sell its proprietary fermentation tech amid a tough funding landscape, and believes it can double down on its commercialisation efforts as part of a larger, more established parent company.<\/p>\n\n\n\n
“Investment for scaling production has proven challenging for most start-up businesses right now, especially in the alternative protein sector,” CEO Tony Cartwright told Green Queen. “We believe the best strategy, therefore, is to place our technology in the hands of a mature company with extensive multinational reach and a vision for global impact.”<\/p>\n\n\n\n