Friday, November 8, 2024

Food brands sell less nutritious products in lower-income countries, report reveals

FMCG
Global food giants offer healthier options in wealthy nations but sell less nutritious products in lower-income countries, a recent report reveals. Report alleges Nestle, Pepsico,...

Latest News

Foodtech

Startups

Furnishka raises INR 27 Cr in Pre-Series A funding led by IndiaQuotient

Startups
Furniture retailer Furnishka has raised INR 27 Cr ($3.25 Mn) in its Pre-Series A funding round, led by IndiaQuotient. Notable͏͏ Investors͏͏ Join͏͏ the͏͏ Funding͏͏ Round: The͏͏ round͏͏ saw͏͏ participation͏͏ from͏͏ Sparrow͏͏ Capital͏͏ and͏͏ angel͏͏ investors͏͏ such͏͏ as͏͏ Udaan͏͏...

Samantha Prabhu invests in D2C wellness brand Secret Alchemist, joins as co-founder

Startups
Actress Samantha Prabhu has made another investment in the Indian startup ecosystem by backing D2C wellness brand Secret Alchemist. Following͏͏ this͏͏ investment,͏͏ the͏͏ brand͏͏ has͏͏ also͏͏ appointed͏͏ her͏͏ as͏͏ its͏͏ cofounder. Funds͏͏ to͏͏ Boost͏͏ Marketing͏͏ and͏͏ Reach: The͏͏ startup͏͏...

Snack brand Troo Good raises INR 72 Crore in new funding round

Startups
Millet-based snack brand Troo Good has secured INR 72 crore (around $8.6 million) in funding from Oaks Asset Management, with additional participation from Puro Wellness and V Ocean Investments,͏͏ as͏͏ reported͏͏ by͏͏ Entrackr. The͏͏ board͏͏ at͏͏ Troo͏͏...

Retail & E-commerce

FMCG

Industry

Lite Bite Foods launches Pan-Asian YOÜMEE outlet at Dwarka

Hotels & Restaurants
Lite Bite Foods has opened its 23rd YOÜMEE outlet at Vegas Mall in Dwarka, marking the brand's exciting entry into the city centre. According to ET Hospitality, Rohit Aggarwal, co-founder and managing director of Lite Bite Foods,...

The Hosteller secures INR 48 Cr from V3 Ventures for expansion

Hotels & Restaurants
The Hosteller, a popular backpacker hostel chain, has secured INR 48 crore in funding. The investment is a combination of equity and debt, with INR 16 crore coming from Blacksoil as debt and the remainder from...

Pernia’s Pop-Up Shop to raise INR 250 Cr for expansion ahead of IPO

D2C
D2C designer wear retailer Pernia's Pop-Up Shop, eyeing to secure INR 250 crore before its planned IPO and has hired IIFL and Axis Capital to help with the fundraising. The IPO is expected in the next...

Luxury

Novel Jewels to invest INR 5000 Cr in opening 100 stores across India

Luxury
Aditya Birla Group’s Novel Jewels plans to open 100 stores across India in the next 18 months, investing INR 5,000 crore. This was stated by its chief executive, Sandeep Kohli. Novel Jewels to roll out franchise models...

Tanishq’s CaratLane goes global with new store in New Jersey, USA

Luxury
Jewellery brand, CaratLane, a Tanishq Partnership, has opened its first international store in the USA, located in New Jersey, the company announced on Tuesday, October 29. Omnichannel brand CaratLane opens 300th store in Mumbai According to Indian Retailing,...

Tata CLiQ teams up with Bvlgari to bring luxury products online in India

Luxury
Tata CLiQ Luxury, India's top luxury retail platform, has partnered with Bvlgari, introducing the iconic Roman jeweller to India's e-commerce market. This partnership will offer Bvlgari’s jewellery, handbags, and watches to online shoppers across India, meeting...
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Hospitality

Latest news

Food brands sell less nutritious products in lower-income countries, report reveals

FMCG
Global food giants offer healthier options in wealthy nations but sell less nutritious products in lower-income countries, a recent report reveals. Report alleges Nestle, Pepsico,...

Day 2: Swiggy’s IPO continues to receive lukewarm response with only 35% subscription

Growth
Swiggy's INR 11,324 crore IPO saw a slow response on the second day persistently, with only 35% of the shares being subscribed. Bombay Stock...

ED raids sellers linked to e-commerce giants Amazon and Flipkart 

E-Commerce
India's Enforcement Directorate (ED) conducted surprise raids on Thursday, November 7 at offices of sellers linked to Amazon and Flipkart, amid growing scrutiny of...

Lite Bite Foods launches Pan-Asian YOÜMEE outlet at Dwarka

Hotels & Restaurants
Lite Bite Foods has opened its 23rd YOÜMEE outlet at Vegas Mall in Dwarka, marking the brand's exciting entry into the city centre. According to...

CakeZone announces actress Palak Tiwari as new ambassador

Food & Beverage
CakeZone, a leading dessert brand from the House of Curefoods, has announced the appointment of popular actress Palak Tiwari as its official brand ambassador...

Emami revenue grows by 3%, reports strong quarter

FMCG
Emami Limited's Board reviewed its financial results for the quarter ending September 30, 2024. Despite India's retail challenges, Emami's revenue grew 3% to INR...

Protinex team up with Apollo Health on World Diabetes Day for free diagnosis offer

Health & Wellness
In an effort to improve diabetes management and promote early testing, Protinex Diabetes Care has partnered with Apollo Health Co (Apollo 24|7). To celebrate...

FirstCry’s parent Brainbees Solutions’ shares Drop 5% following GST investigation

Fashion
FirstCry's parent company, Brainbees Solutions, saw its shares drop over 5% after the Mumbai GST department launched an investigation into its tax practices. Brainbees Solutions'...

Middle east war slows McDonald’s growth, sales drop to half of pre-crisis levels

FMCG
Geopolitical tensions in West Asia have impacted McDonald's operations in West and South India, with some outlets struggling to achieve half their pre-crisis sales....

The Hosteller secures INR 48 Cr from V3 Ventures for expansion

Hotels & Restaurants
The Hosteller, a popular backpacker hostel chain, has secured INR 48 crore in funding. The investment is a combination of equity and debt, with...

ProV registers INR 4.86 Cr PAT, revenue surges 47% YoY in H1 FY25

Food & Beverage
Food brand Proventus Agrocom Limited (ProV) has reported strong growth in revenue and profit for the first half of fiscal year 2024-25. The company...

Zero-commission app WAAYU expands food delivery to Hyderabad

E-Commerce
Zero-commission food delivery platform, WAAYU, has started its services in Hyderabad and Secunderabad. Currently serving 500 restaurants, the startup plans to expand to over...
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