In a catering, restaurant and food retail have been increasingly shaken up by consumer demand for fresher and healthier products, and more convenience. Then, Covid structurally accelerated the digitalization of food consumption. Teleworking is expected to double from 5% to 10% over the next ten years in Western economies, while e-commerce penetration in grocery is set to double globally, to more than 6% in just three years. As digitalization blurs the boundaries between traditional segments, we believe that the food tech companies that have solved the complex economic equation of last-mile delivery can now establish themselves for the long term alongside the traditional industry giants. Their tech DNA and more agile approach enable them to revolutionize the way we produce food, the way we choose it and how it is delivered.