As valuations temper, what's in store for Asia's foodtech startups this year?

As valuations temper, what's in store for Asia's foodtech startups this year?

Plant-based dishes made with Lypid's animal-like vegan fat PhytoFat. Source: Lypid

The year 2022 has not been a pleasant one for Thomas Mastrobuoni. The chief investment officer of Big Idea Ventures, a foodtech investment firm backed by Singapore state investor Temasek Holdings, recently found himself for the very first time in a position of having to turn down a pitch without even giving it a look.