Robot Coffee Chain Cafe X Nears $12 Million in New Funding Round

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“With three locations in San Francisco, robotic coffee shop startup Cafe X Technologies is setting its sights on further growth with a new round of seed funding. According to regulatory filings submitted Aug. 1, signed by founder and CEO Henry Wu, Cafe X has raised $9.42 million in venture capital, with a $12.01 million goal.”

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The Biggest Business Credit Card Mistakes to Avoid

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“Few experiences in business are universal, but here’s one that is: running a company isn’t cheap. In fact, it requires a lot of capital—often, up front, even when you’re not generating any revenue to speak of. Thankfully, business credit cards make it easy for owners and employees to make purchases without having to worry about their daily checking account balance getting out of whack. Charging purchases on a business credit card does more than just free up cash: it also allows you to take advantage of special perks, membership bonuses, and even low- or no-APR rates.

But for all of the perks of a small business credit card, there are also a number of pitfalls. Some come in the form of missed opportunities, such as picking a card that doesn’t offer you perks and points in categories that match your purchases. Other mistakes—such as paying for long-term investments with a credit card—can be much more costly. Here are a few of the biggest business credit card mistakes to avoid.”

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Key ingredient in ‘Impossible Burger’ approved by FDA

“The Food and Drug Administration has approved the key ingredient in the vegetarian-friendly Impossible Burger. It’s a big win for Silicon Valley-based Impossible Foods as it expands its distribution.

The ingredient, soy leghemoglobin, releases a protein called heme that gives the meat substitute its distinctive blood-like color and taste. Just as the Impossible Burger was gaining in popularity and reach, The New York Times published a report last year revealing that the FDA was concerned that the soy-based ingredient had never been consumed by humans.”

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Beer remains favorite drink in US

“More than four out of 10 Americans (42 percent) who drink alcohol said they prefer beer, while 34 percent choose wine and 19 percent opt for liquor such as whiskey.

Beer has almost always been Americans’ favorite alcoholic beverage across the last 26 years in which Gallup has tracked preferences. In 2005, wine gained favor and evenly vied for drinkers’ attention and did so again between 2011 and 2013, Gallup says.”

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Why $5 deals resonate with quickserve customers

“Chicken chain KFC has its $5 Fill Ups. Subway brought back its famous $5 Footlong sandwiches this winter. Little Caesars boasts a $5 Lunch Combo and Taco Bell has its $5 Buck Boxes. Plus, there are Dairy Queen’s $5 Buck Lunch and Carl’s Jr./Hardee’s $5 All Star Meals that debuted in September.”

“Psychologically, $5 still seems like not lot of money. It’s just a denomination of a bill,” said Ravi Dhar, director of the Center for Customer Insights at the Yale School of Management. “It can make it easier than if you’re spending $5.50 and you have to break a $10. You’re spending 50 cents more, but it feels like more.
That sense of getting a bargain is significant, especially among millennials.”

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Energy drinks get a healthy makeover with help from MatchaBar

On Tuesday, MatchaBar released the first sparkling matcha energy drink. The brand is known for its ceremonial grade matcha, which can be found in 1,000 retailers nationwide as well as its three namesake cafes in New York and Los Angeles. Available in regular or sugar-free, the new product contains 120mg of caffeine per can, which is similar to a Red Bull.

The difference, of course, is the ingredients. It incorporates tea as well as antioxidant-rich juice extracts, thereby making a healthier version of its more chemical-laden competitors. See a MatchaBar story below.

 

To celebrate the new launch, MatchBar partnered with Whole Foods and Facebook for a social media campaign dubbed “Gift The Hustle.” Fans can now send a coupon for a free can of MatchaBar Hustle through Messenger to their friends, redeemable at the nationwide retailer.

 

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Walmart to Enter New York City – Not With a Store, but an Ecommerce Center

“Walmart’s Jet.com is testing same-day grocery delivery in New York, as it dials up its efforts in the battle for online customers. The retailer announced Tuesday that it will open up a fulfillment center in the Bronx for Jet.com, the e-commerce start-up it acquired roughly two years ago. The fulfillment center will serve as the base for the delivery of goods like groceries and Apple electronics.”

“The move comes as Walmart has been investing heavily in its online grocery business. It previously announced plans to expand its online grocery delivery service to a fleet of roughly 800 stores by the end of the year. It has also been re-outfitting its stores to support mobile and online delivery, as well as converting some of its Sam’s Clubs into distribution centers for Walmart’s online grocery business.”

As of now, though, the Bronx warehouse will only store Jet inventory and the service will only deliver Jet goods.”

Read more here.