RIO DE JANEIRO, BRAZIL - The global explosion in sales of plant-based foods has a Chilean startup backed by Amazon.com Inc founder Jeff Bezos targeting a record valuation for the company.
NotCo SpA., maker of the vegan NotMilk sold at Amazon’s Whole Foods stores in the US as well as at Pão de Açúcar supermarkets in Brazil, is determined to reach so-called “unicorn” status in its next funding round, or an estimated value of US$1 billion. It’s citing a 2021 outlook of a fourfold increase in sales and a fivefold jump in volume . . .