Satisfy your sweet cravings: Unveiling Mumbai’s must-try dessert hotspots for July

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July 6, 2023

Mumbai, the bustling metropolis on the western coast of India, is known for its vibrant street food, diverse culinary scene, and of course, its delectable desserts. If you have a sweet tooth that needs to be satisfied, you’re in luck! In this article, we’ll take you on a delightful journey through ten must-try dessert hotspots in Mumbai for the month of July. From traditional Indian sweets to international desserts with a local twist, these establishments promise to indulge your cravings and leave you with a satisfied palate. So, let’s dive in!

Theobroma:

Theobroma is a beloved bakery and dessert café that has become an institution in Mumbai. Known for its decadent brownies, pastries, and cupcakes, this hotspot is a haven for dessert lovers. Indulge in their famous Chocolate Overload Brownie or try their Red Velvet Cupcake for a taste of heaven. With a cozy ambiance and a wide variety of treats, Theobroma is a must-visit for any dessert enthusiast.

Theobroma Address: 24th Road, Bandra West, Mumbai

Location: Bandra West

Opening Hours: 9:00 AM – 12:00 AM

Price Range: INR 150 – INR 500

K. Rustom’s Ice Cream:

For a taste of nostalgia and classic ice cream flavors, head to K. Rustom’s Ice Cream in Churchgate. This iconic ice cream parlor has been serving delightful scoops since 1953. From traditional favorites like Belgian Chocolate and Vanilla to unique creations like Kesar Pista and Chocochips, their ice creams are rich, creamy, and utterly satisfying. Don’t miss their signature Ice Cream Sandwiches, made with freshly baked cookies.

K. Rustom’s Ice Cream Address: 86 Veer Nariman Road, Churchgate, Mumbai

Location: Churchgate

Opening Hours: 10:30 AM – 11:30 PM

Price Range: INR 50 – INR 200

Le15 Patisserie:

Le15 Patisserie is a charming French-inspired pastry shop in Colaba, known for its exquisite macarons, cakes, and tarts. Indulge in their perfectly crafted Salted Caramel Macarons or try their famous Chocolate Hazelnut Praline Tart. The elegant ambiance and attention to detail make Le15 Patisserie a favorite among dessert connoisseurs.

Le15 Patisserie Address: Shop No. 18, Lansdowne House Building, MB Marg, Colaba, Mumbai

Location: Colaba

Opening Hours: 10:00 AM – 9:30 PM

Price Range: INR 100 – INR 500

Bachelorr’s

Bachelorr’s is an iconic ice cream parlor located near Girgaon Chowpatty. Since 1939, they have been delighting Mumbaikars with their creamy ice cream sundaes, faloodas, and thick shakes. Try their signature Strawberry Sundae or indulge in a classic Kulfi Falooda for a truly satisfying dessert experience.

Bachelorr’s Address: Girgaon Chowpatty, Charni Road, Mumbai

Location: Girgaon Chowpatty

Opening Hours: 11:00 AM – 12:00 AM

Price Range: INR 100 – INR 300

The Rolling Pin:

The Rolling Pin, fondly known as TRP, is a dessert café and bakery that has gained a cult following in Mumbai. Known for its quirky and innovative desserts, TRP offers a unique twist to traditional favorites. Try their Nutella Sea Salt Cookies or indulge in their Red Velvet Oreo Cheesecake for a delightful explosion of flavors. The charming décor and cozy ambiance add to the overall experience.

The Rolling Pin Address: Linking Road, Bandra West, Mumbai

Location: Bandra West

Opening Hours: 11:00 AM – 12:00 AM

Price Range: INR 200 – INR 800

Gajalee:

Gajalee is a renowned seafood restaurant in Vile Parle East, but it also offers a hidden gem for dessert lovers. Their Malvani-style desserts, including the mouthwatering Malvani Mithai Thali, are a must-try. Indulge in traditional Indian sweets like Puran Poli, Modak, and Shrikhand, prepared with authentic flavors and ingredients.

Gajalee Address: Hanuman Road, Vile Parle East, Mumbai

Location: Vile Parle East

Opening Hours: 12:00 PM – 3:00 PM, 7:00 PM – 11:00 PM

Price Range: INR 150 – INR 500

San-Cha Tea Boutique:

San-Cha Tea Boutique is a haven for tea and dessert enthusiasts in Bandra. Their extensive tea menu features an array of aromatic blends, perfectly paired with their delectable desserts. Try their Earl Grey Tea Cake or indulge in their Matcha Green Tea Cheesecake for a unique and satisfying flavor experience. The tranquil ambiance and knowledgeable staff add to the overall charm of this boutique.

San-Cha Tea Boutique Address: Hill Road, Bandra West, Mumbai

Location: Bandra West

Opening Hours: 10:00 AM – 10:00 PM

Price Range: INR 100 – INR 400

Sweetish House Mafia:

Sweetish House Mafia is a popular cookie bakery with multiple locations across Mumbai. Known for their freshly baked, gooey cookies, this bakery offers a delightful range of flavors, from classic Chocolate Chip to indulgent Nutella Sea Salt. Whether you prefer your cookies soft and chewy or crispy, Sweetish House Mafia has a treat to satisfy your sweet cravings.

Sweetish House Mafia Address: Multiple locations in Mumbai

Location: Various locations

Opening Hours: Varies by location

Price Range: INR 100 – INR 400

Oh Dough:

Oh, Dough is a specialty dessert parlor in Andheri West that specializes in edible cookie dough. Yes, you read that right! Their eggless, safe-to-eat cookie dough comes in a variety of flavors and can be enjoyed as it is or mixed into other desserts. Indulge in their Classic Chocolate Chip Dough or try their Red Velvet Dough for a unique and satisfying dessert experience.

Oh, Dough Address: Oshiwara, Andheri West, Mumbai

Location: Andheri West

Opening Hours: 10:30 AM – 12:00 AM

Price Range: INR 150 – INR 500

The Boston Cupcakery:

Last but not least, The Boston Cupcakery in Bandra West offers a wide selection of delicious cupcakes in various flavors. From classic favorites like Red Velvet and Chocolate to unique creations like Tiramisu and Nutella Oreo, their cupcakes are moist, flavorful, and beautifully decorated. Treat yourself to one (or more) of their delightful cupcakes for a sweet ending to your dessert journey.

The Boston Cupcakery Address: Hill Road, Bandra West, Mumbai

Location: Bandra West

Opening Hours: 10:00 AM – 12:00 AM

Price Range: INR 100 – INR 300

Final Thoughts:

Mumbai is a city that never fails to delight dessert lovers with its wide range of sweet offerings. From traditional Indian sweets to international delicacies, these ten dessert hotspots provide a tempting array of options to satisfy your sweet cravings in July. So, gather your friends or embark on a solo dessert adventure and indulge in the delectable treats that Mumbai has to offer. Your taste buds will thank you!

Sip on flavorful magic: Learn the art of using MSG to elevate your cocktail game

Drinks & Cocktails

By

SnackTeam

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July 6, 2023

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Cocktail enthusiasts are always on the lookout for innovative ways to enhance the flavors and elevate their drinking experience. The world of mixology is constantly evolving, with bartenders experimenting with a wide array of ingredients to create unique and captivating concoctions. One such ingredient that has gained attention in recent years is monosodium glutamate, commonly known as MSG. While MSG has long been associated with savory dishes, its application in cocktails is a relatively new and exciting concept. In this article, we will explore the art of using MSG to take your cocktail game to new heights.

Understanding MSG:

Before we dive into the realm of cocktail creation, it’s essential to have a clear understanding of what MSG is and how it works. MSG is a flavor enhancer that consists of sodium and glutamate, an amino acid found naturally in many foods. It is known for its ability to intensify and balance flavors, making dishes more savory and satisfying. MSG works by stimulating specific taste receptors on our tongues, enhancing the umami taste sensation.

MSG in Cocktails:

The use of MSG in cocktails may initially seem unconventional, but it offers a range of exciting possibilities. When used judiciously, MSG can bring out the flavors of other ingredients, creating a harmonious balance in your drink. Here are some ways to incorporate MSG into your cocktail recipes:

Creating Flavorful Syrups:

One of the simplest ways to introduce MSG into your cocktails is by infusing it into syrups. For instance, you can make a simple syrup by dissolving sugar and water and then add a pinch of MSG to it. This MSG-infused syrup can be used in various cocktails to enhance their overall taste profile. The umami notes provided by MSG can complement both sweet and savory flavors, making your drink more complex and intriguing.

Infusing Spirits:

Another method of incorporating MSG is by infusing it directly into your base spirits. You can experiment with different spirits like vodka, gin, or tequila. Begin by selecting a high-quality spirit and adding a small amount of MSG to it. Allow the mixture to infuse for a few hours or even overnight, depending on the desired intensity. The resulting infused spirit can be used as a building block for your cocktails, adding depth and complexity to the final drink.

Rimming Glasses:

Rimming glasses with flavored salts or sugars is a common practice in mixology. You can take it a step further by creating a unique MSG-infused rimming mixture. By combining salt, sugar, and a touch of MSG, you can create a flavorful rim that enhances the taste of each sip. This technique works exceptionally well with cocktails that have a citrus or savory profile.

Garnishing and Mist Sprays:

Another creative way to utilize MSG in cocktails is through garnishes and mist sprays. For instance, you can make a flavored salt mixture by combining salt, MSG, and various herbs or spices. This mixture can then be used to garnish the rim of your glass, adding an additional layer of flavor to the drink. Additionally, you can create a mist spray by diluting MSG with water and transferring it to a spray bottle. A gentle spritz of this MSG-infused mist over your finished cocktail can provide a delightful aromatic experience.

Balancing Act: Using MSG Responsibly:

While MSG can undoubtedly enhance the flavors of your cocktails, it’s important to exercise caution and use it responsibly. Some people may be sensitive to MSG or have adverse reactions when consumed in large quantities. It’s crucial to be mindful of your guests’ dietary restrictions or preferences and provide alternative options when necessary. Additionally, it’s advisable to start with small amounts of MSG and gradually increase the dosage according to your taste preferences. Remember, the goal is to enhance the flavors, not overpower them.

Exploring Flavor Combinations:

Now that you have an understanding of how to incorporate MSG into your cocktails, let’s explore some flavor combinations that work well with this magical ingredient:

Citrus and Umami: The bright and refreshing flavors of citrus fruits, such as lemon, lime, or grapefruit, can be beautifully complemented by the umami notes of MSG. Try adding a pinch of MSG to a classic Margarita or a refreshing Mojito for an intriguing twist.

Savory and Spicy: Cocktails with savory and spicy profiles can be taken to the next level with the addition of MSG. Consider experimenting with Bloody Marys, Micheladas, or even a Spicy Paloma. The umami kick provided by MSG will enhance the overall depth and richness of these drinks.

Exotic and Tropical: Tropical cocktails often feature a blend of fruity and creamy flavors. By incorporating MSG, you can intensify the tropical notes and create a more balanced and satisfying drink. For example, try adding a dash of MSG to a Piña Colada or a Mango Daiquiri for a tantalizing tropical experience.

Herbaceous and Umami: Cocktails that incorporate fresh herbs, such as basil, thyme, or rosemary, can benefit from the addition of MSG. The combination of herbal and umami flavors can create a harmonious and well-rounded drink. Experiment with herb-infused spirits or herbal syrups infused with MSG for a unique twist.

Experimentation and Personalization:

The beauty of mixology lies in its creative and experimental nature. Don’t be afraid to think outside the box and try new combinations when working with MSG in your cocktails. Use it as a tool to elevate your favorite recipes or as a starting point for inventing entirely new creations. Keep notes of your experiments, noting the flavor profiles, ratios, and techniques that work well, so you can replicate and refine your recipes in the future.

Final Thoughts:

The art of mixology is continuously evolving, with bartenders and cocktail enthusiasts constantly pushing boundaries to create innovative and unforgettable experiences. By incorporating MSG into your cocktail recipes, you can add a unique layer of flavor and elevate your drinking game to new heights. Whether you choose to infuse spirits, create flavored syrups, or experiment with rimming mixtures and mist sprays, the possibilities are endless. Remember to use MSG responsibly and be mindful of your guests’ preferences. So go ahead, sip on flavorful magic, and embark on an exciting journey of mixology with MSG. Cheers to a world of enhanced flavors and unforgettable cocktails!

Don’t ruin your chances! Master these must-know food etiquette rules for your weekend date

Secrets & Tips (Steal this trick!)

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SnackTeam

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July 6, 2023

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When it comes to dating, first impressions are crucial. A weekend date often involves sharing a meal together, which presents an excellent opportunity to showcase your dining etiquette skills. Proper food etiquette not only demonstrates respect and consideration for your dining companion but also reflects your overall refinement and social awareness. Whether you are a seasoned dater or new to the dating scene, mastering these must-know food etiquette rules will help you navigate any dining experience with confidence and charm.

Dress Appropriately:

Before delving into the specifics of dining etiquette, it is essential to address the importance of dressing appropriately for your date. Make sure to choose attire that is suitable for the venue and occasion. While a casual lunch may allow for more relaxed clothing, a fine dining experience calls for more formal attire. Showing up well-groomed and appropriately dressed demonstrates respect for your date and the venue.

Napkin Etiquette:

Upon sitting down, take note of the napkin on the table. Wait for your host or the more senior person at the table to unfold their napkin before doing so yourself. Place the unfolded napkin on your lap, and remember to use it to gently blot your mouth throughout the meal. Avoid using the napkin to wipe your face or blowing your nose. When excusing yourself from the table, place the napkin neatly on your chair to signify that you will return.

Seating Arrangements:

When it comes to seating arrangements, it is customary for the host or the restaurant staff to guide you to your designated seat. If you are unsure, allow your date or the host to take the lead. As a general rule, the woman traditionally sits to the right of the man. However, modern etiquette is more flexible, and couples can choose their preferred seating arrangement. Remember to be considerate of your date’s comfort and ensure that you are both seated comfortably.

Utensil Usage:

Proper utensil usage can be intimidating, especially in formal dining settings. Start with the outermost utensils and work your way inwards with each course. If you are unsure, observe the lead of your host or follow the order of the utensils from the outside in. Resting your utensils on the plate between bites indicates that you are still actively eating. When finished, place your utensils diagonally across the center of the plate to signal that you have completed your meal.

Dining Pace and Conversation:

Finding the right balance between enjoying your meal and engaging in conversation is crucial. Avoid rushing through your food or eating too slowly. Match your pace with that of your dining companion and savor each bite. Engage in meaningful conversation, actively listening, and responding thoughtfully. Refrain from discussing controversial topics, and focus on light-hearted and enjoyable subjects to create a pleasant dining experience.

Table Manners and Etiquette:

Several essential table manners contribute to a polished dining experience. Firstly, maintain good posture and avoid slouching or leaning on the table. Keep your elbows off the table while eating, but it is acceptable to rest your wrists on the edge between courses. Chew with your mouth closed to avoid unpleasant sounds. Take small, manageable bites and avoid speaking with a full mouth.

Use utensils appropriately, avoiding using your fingers unless it is explicitly intended, such as with finger foods. Avoid excessive gestures or loud noises while eating. When needing to remove an unwanted food particle from your mouth, discreetly use your napkin to cover your mouth.

Additionally, be mindful of your mobile phone etiquette. It is considered impolite to constantly check your phone or engage in lengthy conversations, as it distracts from the present company. Place your phone on silent or keep it tucked away, focusing on building a connection with your date.

Handling Difficult or Unfamiliar Foods:

During a date, you may encounter unfamiliar or challenging foods. Instead of panicking, approach these situations with grace. If unsure about the proper way to consume a particular dish, observe your host or follow the lead of your date. Adaptability and a willingness to try new foods demonstrate open-mindedness and a sense of adventure.

Final Thoughts:

Mastering food etiquette is an invaluable skill that can enhance your dating experience and leave a lasting impression on your companion. By following these must-know food etiquette rules, you will exude confidence, refinement, and respect during a weekend date. Remember to dress appropriately, handle napkins with care, understand seating arrangements, utilize utensils correctly, maintain a suitable dining pace, engage in pleasant conversation, adhere to table manners, and gracefully navigate challenging or unfamiliar foods. Ultimately, the goal is to create a relaxed and enjoyable atmosphere, fostering a positive connection and laying the foundation for a successful relationship.

The breakfast game-changer: Why every smart parent includes bananas in their child’s morning meal

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SnackTeam

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July 6, 2023

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Breakfast is widely considered the most important meal of the day, especially for children who need proper nutrition to support their growth and development. As parents, we strive to provide our children with a balanced and healthy breakfast that fuels their bodies and minds for the day ahead. One incredibly versatile and nutrient-rich food that should be a staple in every child’s morning meal is the humble banana. Packed with essential vitamins, minerals, fiber, and natural sugars, bananas offer a plethora of benefits that can make a significant difference in a child’s overall well-being.

In this article, we will explore the various reasons why every smart parent includes bananas in their child’s breakfast routine, highlighting the nutritional profile, health benefits, and practical ways to incorporate bananas into their morning meals.

Nutritional Powerhouse:

Bananas are often referred to as a nutritional powerhouse due to their impressive nutrient profile. They are an excellent source of dietary fiber, vitamin C, potassium, vitamin B6, and manganese. Fiber aids in digestion and helps regulate blood sugar levels, promoting a steady release of energy throughout the morning. Vitamin C strengthens the immune system, protecting children from common illnesses. Potassium plays a crucial role in maintaining healthy blood pressure levels, supporting heart function, and preventing muscle cramps. Vitamin B6 supports brain development and helps convert food into energy. Lastly, manganese is essential for bone health and the production of enzymes that support metabolism.

Boosts Energy and Brain Power:

Children need sustained energy throughout the day to fuel their activities, concentration, and learning. Bananas are an excellent source of natural sugars, including fructose, glucose, and sucrose. These sugars are easily digested and provide an immediate energy boost, making bananas an ideal choice for breakfast. The combination of natural sugars and fiber in bananas ensures a gradual release of energy, preventing sudden spikes and crashes commonly associated with processed sugary breakfast options.

Moreover, bananas contain nutrients that enhance brain function. The high levels of potassium in bananas improve cognitive function, memory, and alertness. Vitamin B6 aids in the production of neurotransmitters, such as serotonin and dopamine, which regulate mood and improve focus. Including bananas in the morning meal can give children the mental edge they need to excel in school and other activities.

Supports Digestive Health:

Good digestive health is crucial for children’s overall well-being. Bananas are gentle on the stomach and contain both soluble and insoluble fiber, which aid in maintaining a healthy digestive system. The soluble fiber in bananas helps soften stools and prevents constipation, a common issue among children. Moreover, bananas contain natural compounds called prebiotics, which promote the growth of beneficial gut bacteria. A healthy gut microbiome is essential for proper digestion, nutrient absorption, and immune function. By including bananas in their child’s breakfast, parents can support their digestive health and prevent common gastrointestinal problems.

Versatile and Convenient:

One of the significant advantages of incorporating bananas into a child’s morning meal is their versatility and convenience. Bananas can be easily incorporated into various breakfast options, making them suitable for children with different preferences and dietary needs. They can be sliced and added to cereals, oatmeal, or yogurt for added flavor, texture, and nutrition. Bananas can also be mashed and used as a natural sweetener in pancakes, muffins, or smoothies. For busy mornings, simply peeling and eating a whole banana can provide a quick and nutritious breakfast option.

Encourages Healthy Eating Habits:

Introducing bananas as a regular part of a child’s breakfast promotes healthy eating habits from an early age. Bananas are naturally sweet, which can help satisfy a child’s cravings for sugary treats without resorting to unhealthy options. By making bananas a consistent component of breakfast, children become accustomed to the taste of natural sweetness and are more likely to choose healthier foods throughout the day. This sets the stage for a lifetime of good food choices and reduces the risk of developing unhealthy eating habits, such as excessive sugar consumption.

Final Thoughts:

Incorporating bananas into a child’s morning meal is a smart choice that can have a significant impact on their overall health and well-being. The nutritional powerhouse of bananas, combined with their energy-boosting properties, brain-enhancing nutrients, and digestive health benefits, make them an ideal addition to any breakfast routine. Bananas are not only versatile and convenient but also play a crucial role in cultivating healthy eating habits from a young age. As parents, we have the opportunity to set our children up for success by making informed choices about their nutrition. By including bananas in their morning meals, we can provide them with a solid foundation for a healthy and balanced lifestyle.

So, let’s embrace the breakfast game-changer and give our children the best start to their day with a delicious and nutritious banana-infused breakfast.

Pune-based Ronin Wines raises $675k in funding to drive growth of Moonshine Honey Project

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SnackTeam

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July 5, 2023

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Ronin Wines Private Limited, a Pune-based company known for producing Moonshine Meads, has accomplished a significant achievement by securing $675k in a pre-Series A funding round. The investment has been contributed by Rainmatter Capital and Grip Invest, with additional participation from Auxano Capital, Supermorpheus, Anthill Capital, and a consortium of angel investors.

The raised funds will be employed to enhance the brand’s presence in its current markets and facilitate the growth of Moonshine Honey Project, a brand centered around honey production and beekeeping. Moonshine Honey Project, which was introduced in 2021, has been actively engaged in selling honey through both B2C and B2B channels. Moreover, the project has recently launched a pioneering initiative known as ‘Bee Hotels’ to contribute to the preservation of solitary bees impacted by urbanization and deforestation.

Nitin Vishwas, Co-founder of Ronin Wines said, “We are very excited to have the two investors join us as we build Moonshine. Rainmatter’s commitment to tackling climate change and supporting sustainability aligns well with our mission to preserve the dwindling bee population in the country. With Grip Invest joining our team, we now have access to numerous alternative financing solutions that we will need as we scale our alcobev business.”

Founded in 2018 by Nitin Vishwas and Rohan Rehani, Moonshine stands as a trailblazing mead brand in India. Blending pure honey with a medley of fruits and spices, Moonshine crafts its meads through the process of fermentation. With a focus on being low in alcohol and carbonated, Moonshine’s meads are leading the charge in India’s rapidly expanding Ready-To-Drink market.

In their quest for innovation, Moonshine continually explores a wide array of ingredients. From multifloral honey and orange blossom honey to coffee beans, guavas, apples, chillies, and kaffir lime, they curate a diverse range of meads to satisfy diverse palates. Alongside their flagship meads like Apple Mead, Traditional Mead, and Coffee Mead, Moonshine introduces seasonal offerings under the name MeadLABs.

Having garnered acclaim within the Indian alcoholic beverage sector, Moonshine’s presence extends across multiple regions. Currently, their products are available in Maharashtra, Karnataka, Goa, Haryana, Rajasthan, Himachal Pradesh, UAE, Australia, and New Zealand.

Swiggy set to launch co-branded credit card in collaboration with HDFC Bank

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SnackTeam

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July 5, 2023

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Swiggy co-branded credit card — Co-branded credit card

Swiggy, the renowned foodtech giant, is reportedly poised to join the bandwagon of co-branded credit cards. Following in the footsteps of Flipkart, Myntra, and Paytm, who have already ventured into this realm, Swiggy is preparing to unveil its own co-branded credit card offering.

Sources cited in an ET report indicate that Swiggy, the popular food delivery platform, will be teaming up with HDFC Bank to launch their co-branded credit card. Mastercard is anticipated to serve as the network partner for this collaboration.

Additionally, it is reported that Swiggy plans to leverage flat discounts and exclusive offers on its hyperlocal delivery services for customers using their co-branded credit card. Moreover, the foodtech giant may extend additional discounts for Dineout, Swiggy’s restaurant bill payment service, further enhancing the benefits for cardholders.

Furthermore, the introduction of the co-branded card will serve as an additional revenue stream for Swiggy. Despite being profitable in its core food delivery business, the company continues to incur substantial losses of around $20 million per month in its Instamart venture, as reported by TechCrunch recently.

Interestingly, Swiggy finds itself entering the credit card space relatively late, considering that Zomato has already discontinued its co-branded credit card with RBL Bank in April. The major player in the foodtech industry had introduced its own credit card back in 2020, but has now decided to discontinue it.

According to sources quoted by ET, Swiggy is strategically aiming to fill the void created by Zomato’s departure from the credit card market. The sources further revealed that Swiggy intends to launch its co-branded credit card in the coming weeks, highlighting that the company has been diligently working on this partnership since early last year.

Another individual mentioned in the story noted that Swiggy has assembled a substantial technology team dedicated to banking integrations, with the aim of expediting the product launch process.

Although credit cards serve as a robust avenue for venturing into financial services, the Reserve Bank of India (RBI) has recently imposed limitations on the role of co-branding partners. The RBI now restricts co-branding partners to solely functioning as sourcing channels for banks, explicitly prohibiting any further data sharing between these entities.

Swiggy’s decision comes at a time when the foodtech giant is strategically rearranging its pieces on the chessboard, aiming to achieve the most lucrative outcome.

In a bid to diversify its offerings, Swiggy introduced a new product earlier this year called Maxx. This platform provides a wide range of products including home and kitchen appliances, electronics, utensils, clothing, and baby care items. Currently, Swiggy is conducting a pilot program for Maxx in Bengaluru. Additionally, Swiggy has ventured into the vertical marketplace space with Minis, which focuses on offering products from various direct-to-consumer (D2C) brands and their niche offerings.

On the other hand, Swiggy has made strategic decisions to streamline its business operations. It has discontinued certain business verticals such as Handpicked, its gourmet grocery segment. Additionally, Swiggy sold its kitchen infrastructure business, Access, to Kitchens@. To optimize its workforce, the company also implemented a reduction in staff, resulting in the layoff of 380 employees earlier this year.

According to a recent report by Motilal Oswal, it is projected that Swiggy will experience a flat growth in Gross Merchandise Value (GMV) during the second half of 2022 compared to the first half of the year. The report estimates that Swiggy’s total GMV for 2022 will reach $2.6 billion. This forecast indicates that Zomato will surpass Swiggy in terms of market share, positioning itself ahead in the highly competitive food delivery market.

According to the estimates provided in the report, Zomato commanded a significant market share of 56% during the second half of 2022, with a GMV of $1.6 billion. In comparison, Swiggy trailed behind with a GMV of $1.3 billion, representing a slightly smaller market share.

In addition, Swiggy has experienced a decline in its valuation as several investors, including Invesco and Baron Capital, have marked down its value to $5.5 billion and $6.5 billion respectively. These markdowns have resulted in Swiggy’s valuation falling below that of Zomato, which has recently witnessed a significant surge in value on the stock market.

Coffee Day Enterprises’ default soars to INR 440.25 Crore in Q2; Financial recovery efforts continue

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SnackTeam

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July 5, 2023

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Coffee Day Enterprises Ltd (CDEL) reported on Tuesday a total default of INR 440.25 crore in the quarter ended on June 30, 2023. According to a regulatory filing to bourses, the company stated that its “total financial indebtedness of listed entity including short term and long term debt” is INR 465.25 crore.

According to CDEL, its total outstanding amount is INR 220.48 crore from loans or revolving facilities like cash credit from banks or financial institutions.

As of now, CDEL has defaulted on a sum of INR 189.70 crore and an additional interest payment of INR 5.78 crore.

CDEL has stated that its total outstanding amount from unlisted debt securities, including NCDs (Non-Convertible Debentures) and NCRPS (Non-Convertible Redeemable Preference Shares), is INR 244.77 crore. As of the present date, the company has defaulted on a total of INR 200 crore, in addition to an interest payment of INR 44.77 crore.

The company has been actively working towards resolving its debts by implementing asset resolutions, which has led to a substantial reduction in its outstanding liabilities. This effort to address the debt situation began following the unfortunate demise of founder Chairman V G Siddhartha in July 2019.

In March 2020, CDEL made an announcement regarding the repayment of INR 1,644 crore to 13 lenders. This repayment was made possible through a deal concluded with the Blackstone Group, involving the sale of its technology business park.

At the beginning of this year, CDEL faced a penalty of INR 26 crore imposed by SEBI, the capital markets regulator. The penalty was levied due to CDEL’s failure to prevent the diversion of INR 3,535 crore from its subsidiaries.

CDEL is currently engaged in legal efforts to recover the amount from Mysore Amalgamated Coffee Estates Ltd (MACEL).

Tata Consumer Products aims for 5% sales boost from latest innovations by fiscal year 2025, explores AI for swift adaptation

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SnackTeam

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July 5, 2023

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Tata Consumer Products (TCP), a leading player in the Fast-Moving Consumer Goods (FMCG) industry, has set its sights on achieving a 5 percent sales contribution from its latest product offerings by the fiscal year 2025.

Since 2020, Tata Consumer Products (TCP) has introduced an impressive lineup of 70 new products. These innovative additions have made a significant impact on the company’s sales, with their contribution rising from 0.8 percent in FY20 to an impressive 3.4 percent in FY23.

Tata Consumer Products (TCP) has introduced a range of innovative products that have captured consumers’ attention. Among these noteworthy offerings are Tata Salt Immuno, Tata Simply Better (a plant-based burger patty), Tata Gluco+, Tata GoFit (a plant-based protein powder), Himalayan Preserves, Himalayan Honey, and Tata Soulfull Masala Oats with millets. These products showcase TCP’s commitment to delivering unique and wholesome options to meet the evolving needs and preferences of its customers.

Vikas Gupta, Head of Global Research and Development at Tata Consumer Products, said, “We streamlined our capabilities and infrastructure last year. In the Bangalore centre, we have some of our central functions, including research, Analytics, a sensory lab, and a packaging development centre. In Kharghar, there is a food innovation centre with development teams that handle the entire mandate for the food business. It caters to both Tata Sampann and ready-to-eat businesses. In Sri City, we have a centre for both food and beverage portfolios. We have 20,000 square feet of research and development facility to drive innovation.”

Tata Consumer Products is also strategizing to enhance its range of health-conscious products across various categories. This includes a focus on reducing sugar content in beverages and fortifying salt to provide healthier alternatives.

“Health and wellness are relevant for the food and beverage industry, and organisations focused on innovation cannot stay away from it. In salt, we were the first to come up with a patented formula on double-fortified salt, and in some of our tea products, we are looking at functional benefits in it,” he said.

The company is exploring the utilization of AI to shorten innovation cycles and swiftly adapt to evolving consumer trends in the FMCG industry.

“We are looking at how we leverage AI and the whole digital space. How do we digitize our innovation process and tracking governance mechanism in such a manner that we can churn out more projects in a shorter period of time? We are working with two global agencies on a pilot scale to spot early emerging trends,” added Vikas.

Dabur India’s brand portfolio soars: Five more brands achieve INR 100 Crore in sales in FY23

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SnackTeam

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July 5, 2023

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According to Dabur India’s annual report, the company announced on Tuesday that its brand portfolio has expanded to include 17 brands, each generating sales between INR 100-500 crore. In the fiscal year 2023, the company witnessed the success of five additional brands, namely Honitus, Real Drinks, Odomos, and Dabur Herb’l, all of which achieved sales exceeding INR 100 crore.

In a letter to shareholders, Mohit Burman, Chairman, Dabur India, said, “Today, we have a portfolio of 23 billion rupee brands, with sales greater than INR 100 crore. The year 2022-23 saw 5 brands joining this list. In all, we now have 17 brands that are above INR 100 crore but lesser than INR 500 crore in size; 2 brands that are over INR 500 crore but less than INR 1,000 crore in size, and another 4 brands that have a turnover of more than INR 1,000 crore.”

In the previous fiscal year, as part of its inorganic growth strategy, the FMCG giant also incorporated Badshah Masala into its portfolio.

“The year also marked Dabur’s entry into the ground and blended spices category with the acquisition of 51 per cent shareholding of Badshah Masala Pvt Ltd. This acquisition is in line with Dabur’s strategic intent to expand its foods business to INR 500 crore in 3 years,” Burman stated.

In reference to the macroeconomic conditions, Burman remarked that with the alleviation of pandemic-related pressures, a new challenge emerged in the form of high inflation. This inflationary trend led to a significant rise in commodity prices, reaching multi-decade highs in various countries.

“The inflationary environment also took a toll on consumption patterns as consumers tightened their purse-strings and the consumer goods industry witnessed a slowdown,” he added.

“Despite an uncertain macro climate, I am confident about the resilience of Dabur’s strategy and business construct,” he added.

Anticipating decreased prices for its key commodities, the FMCG major foresees an expansion in gross margins for the ongoing fiscal year.

“This expanded gross margin will be allocated in two primary ways. Firstly, a portion will be allocated towards advertising and promotion (A&P) investments, which have experienced some moderation due to high inflation. Secondly, the remaining portion will contribute to gradual improvement of our operating margin,” Dabur India’s annual report said.

Lufthansa elevates dining experience for Indian travelers with specially-crafted Indian food options

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By

SnackTeam

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July 5, 2023

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Lufthansa has recently unveiled a selection of specially-crafted Indian food options, aiming to elevate the dining experience for Indian travelers both arriving in and departing from India. In line with their commitment to delivering outstanding culinary journeys, the airline strives to provide its esteemed Indian clientele with exceptional dining experiences.

The meal options for both economy and premium economy classes will now feature a variety of hot breakfast choices in both Indian and Western styles. In economy class, passengers can select from two main course meals available in either Western or Indian style. On the other hand, premium economy class offers a wider range of main course options, including Indian style and Western style, Western style and Indian AVML (Asian Vegetarian Meal), as well as Indian style with 60 percent vegetarian and Western style with 40 percent chicken.

Both classes will offer a variety of snacks such as wraps and sandwiches, as well as beverages like masala tea and coffee. Special meal options will also be available for all passengers. In addition to these offerings, the premium economy segment will have the exclusive choice of cold breakfast and dinner variants.

Lufthansa said, “The Business Class will consist of special offerings like an Express Menu, hot meals with unique bread options such as mixed veg paranthas, which will be served together with German bread/rolls along with new salad options.”

The passengers here would have an option of three main courses – Western style with 50 percent meat, Western style with 30 percent fish and Indian style with 40 percent vegetarian, accompanied by pickles, saunf supari and raita. The airline will also offer cheese and dessert service, including fresh fruits, ice cream, three kinds of cheese, and regional beverages like lassi, masala tea and fresh lemonade for passengers.

First-class passengers will be offered a selection of two Western and two Indian main courses, complemented by two cold appetizers. They will also enjoy welcome drinks accompanied by premium nuts, a diverse array of bread options, and four distinct types of rolls. Additionally, there will be an assortment of cold plates and snacks, featuring both Western and Indian styles. The first-class experience will further include the convenience of dine-on-demand service.

NewsHub