Meati Raise, Zomato Competitor, Retention Tax Credit, Gig Workers, Krispy Kreme IPO
Daily Digest
Fungi-Based Meat Start-Up Raises $50 Million (Forbes) Meati uses the roots of mushrooms to produce whole cuts, like steak ready to slice on top of a salad or chicken breast breaded and fried as a sandwich.
Why the Employee Retention Tax Credit Could Be Key for Restaurants (FSR) Eligible restaurants can access ERTC for both 2020 and 2021 for eligible employee wages as long as these specific payroll wages and/or group benefits were not directly paid with Paycheck Protection Program (PPP) loan funds. Employers can access up to $5,000 per eligible employee in 2020, and up to $7,000 per eligible employee for each calendar quarter in 2021.
With Delivery Workers, Who’s Really in Charge? (Eater) Determining who controls the work of delivery drivers has major implications for the future of the business.
Restaurant body plans to launch loyalty app to take on Zomato, Swiggy (Business Today India) The National Restaurant Association of India plans to launch the app by August-September.
Video: Krispy Kreme CEO on IPO, Growth, Competition (Bloomberg)