Sodexo Invests In Chinese Food Tech Startup

Posted On: 8/28/2019

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PARIS -- Sodexo's strategic venture capital vehicle, Sodexo Ventures, has invested in Meican, a Bejing, China-based company focused on digital food solutions in the corporate environment.

Launched in 2016, Sodexo, via Sodexo Ventures, seeks news sources of future growth by investing and partnering with innovative startups, and creating new offers for clients and consumers. This is the second and largest investment in the past year for Sodexo Ventures in China, underlining the value the foodservice giant sees extending from one of the world's innovation hubs.

As China's leading corporate catering platform, Meican, founded in 2011, has established itself in the digital foodservice market through its online platform, mobile application, standardized process management and nationwide network that includes clients' onsite kitchens, partner merchants and technology-enabled food courts. Meican provides a wide range of foodservice options for multiple company scenarios.

Paris, France-based Sodexo said this investment and partnership will enable it to build a new comprehensive food model to complement its current food business through an integrated digital platform to bring innovative solutions to its clients with a single point of contact. It will enrich the consumer experience by digitalizing its onsite restaurants while expanding dining options with Meican's network.

Meican said it plans to expand operations in China, leveraging Sodexo's geographic reach and management skills to rapidly scale up, through proposing joint-offers and launching innovative solutions.

"The partnership with Meican will continue to develop and enhance our food services across China," said Sodexo China president Martin Boden. "With broadened touch points from online to offline, we will be able to better serve our clients and consumers and enrich the consumer experience in this rapidly evolving market. We are delighted to continue our progress through this investment, and retain our commitment to bringing quality of life services in China."