Not content with just having a piece of high-tech startups like Facebook, Priceline and Bitstrips – Li Ka-Shing is now getting in to the high-tech world of egg startups!
Pictured with Hampton Creek CEO Josh Tetick, LKS gives the synthetic eggs that he just bought for US$23,000,000 a scramble tryout. If anyone should know about the demand for eggs, it’s the man who owns Park N Shop!
While Hampton Creek has been doing well in the US, holding deals with six Fortune 500 retailers and food manufacturers and even secured $5.5M of funding less than four months ago, Hampton Creek has an eye on Asia’s resources and customers.
All kidding aside, in their future China-specific expansion plans, Hampton Creek’s product may come at the nick of time – at the height of the chicken product boycott, where many are in nervous avian flu frenzy. Not to mention the eggs are 48% cheaper than the real deal, which is a huge plus point.
According to Wired where we first saw this story, Hampton Creek’s latest deal with Horizons Ventures and expansion is just another example of the many Silicon Valley startups looking eastward for funding and the opportunity to tap into the Asian market. Before Hampton Creek there was Spotify, Pandora, Houzz and Viber – just to name a few, and they certainly won’t be the last as many VC firms are looking to invest in startups with an Asian presence.
The question now is: will Mr. Li ever invest in Hong Kong-based startups? Or is he putting all his eggs in Silicon Valley?
(Photo: Hampton Creek)
