Get toned body like Vaani Kapoor by following her secret diet

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April 18, 2023

Vaani Kapoor is a Bollywood actress known for her toned and fit physique. Her secret to maintaining her toned body lies not just in rigorous workout routines, but also in a well-balanced and healthy diet. In this article, we’ll take a look at Vaani Kapoor’s secret diet and how it can help you achieve a toned body like hers.

Here is what Vani Kapoor’s diet looks like:

Clear Eating:

Vaani Kapoor’s diet is centered around clean, wholesome foods that provide her body with the nutrients it needs to function at its best. She believes in eating a balanced diet that includes a variety of fruits, vegetables, whole grains, lean proteins, and healthy fats. She also emphasizes the importance of staying hydrated and drinking plenty of water throughout the day.

Portion Control:

The key aspect of Vaani Kapoor’s diet is portion control. She believes in eating smaller meals throughout the day, rather than a few large meals. This helps to keep her metabolism revved up and her energy levels high. She also avoids eating late at night, as this can interfere with her sleep and digestion.

Cheat Days:

In addition to eating clean, wholesome foods, Vaani Kapoor also incorporates some of her favorite indulgences into her diet. She enjoys dark chocolate and occasionally indulges in a glass of wine or a small serving of ice cream. By allowing herself these small treats, she avoids feeling deprived and is able to maintain a healthy and balanced diet in the long-term. It is like rewarding yourself for staying disciplined.

Apart from that, in one in one of her interview where she was asked what she eats in a day, she spilled that for:

Breakfast:

Vaani Kapoor starts her day with a nutritious breakfast. Her breakfast usually consists of two boiled eggs, a bowl of oatmeal, and a glass of fresh fruit juice. This helps her kickstart her metabolism and provides her with the energy she needs to tackle her day.

Lunch:

For lunch, Vaani Kapoor prefers to keep it light and healthy. She usually has a bowl of salad that is loaded with vegetables like lettuce, spinach, carrots, and bell peppers. She adds some protein to her salad by including grilled chicken or fish. She also makes sure to include some healthy fats like avocado or nuts in her salad. This keeps her full for longer and provides her body with the nutrients it needs.

Dinner:

Vaani Kapoor prefers to keep her dinner simple and light. She usually has a bowl of soup or a grilled fish fillet with some vegetables on the side. She avoids carbs in her dinner as she believes it can lead to bloating and weight gain.

Snacks:

Vaani Kapoor loves snacking and she makes sure to choose healthy options. Her go-to snacks are usually fruits, nuts, or protein bars. She also enjoys having a cup of green tea or black coffee in between meals.

Hydration:

Vaani Kapoor understands the importance of staying hydrated and makes sure to drink at least 3-4 liters of water every day. She also includes coconut water and fresh fruit juices in her diet to keep herself hydrated.

If you want to achieve a toned body like Vaani Kapoor, following her diet and workout routine is a great place to start. Make sure to consult with a healthcare professional before making any drastic changes to your diet or exercise routine.

This is how long you can store chicken in the freezer, according to experts

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April 18, 2023

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Chicken is a staple in many households, but sometimes we buy more than we can consume in one go. Freezing chicken is a great way to extend its shelf life and reduce food waste. However, it’s important to know how long chicken can be stored in the freezer to ensure that it remains safe to consume.

While we have this notion that frozen products can go way too long when frozen, is it not true as all edible products have a labeled or unlabelled shelf life that determines whether the product is still edible or has become toxic.

According to experts, the length of time chicken can be stored in the freezer depends on several factors, including the type of chicken, how it was packaged, and the temperature of the freezer.

What happens when we consume this food?

Eating expired meat that has been frozen for too long can be dangerous to your health, as it may contain harmful bacteria that can cause foodborne illness. Consuming such meat can lead to symptoms such as nausea, vomiting, diarrhea, abdominal pain, and fever. In severe cases, it can even lead to more serious health complications, such as kidney failure or paralysis.

This is why it’s important to follow recommended guidelines for freezing and storing meat, and to check the quality of frozen meat before consuming it. If you suspect that you have eaten expired meat, it’s important to seek medical attention right away.

How long does raw chicken last in the freezer?

The answer to this question depends on several factors, such as the type of chicken, how it was packaged, and the temperature of the freezer. Generally speaking, raw chicken can be stored in the freezer for several months to a year, depending on the specific type of chicken.

Whole chickens can be stored in the freezer for up to a year, while chicken parts such as breasts, wings, and thighs can be stored for up to nine months. Ground chicken has a shorter freezer life and can be stored for up to four months. These timelines are based on the chicken being stored at 0°F (-18°C) or below, which is the recommended temperature for safe food storage.

Proper packaging is also important for maintaining the quality of the chicken during freezing. Chicken should be wrapped tightly in plastic wrap or aluminum foil to prevent freezer burn, which is the result of moisture loss and can lead to changes in texture and flavor. After being wrapped, the chicken should be placed in a freezer-safe container or bag to further protect it from freezer burn.

When freezing chicken, it’s also important to label the package with the date of freezing. This allows you to keep track of how long the chicken has been in the freezer, which can help you determine whether it’s still safe to eat.

It’s worth noting that while frozen chicken is safe to eat indefinitely, its quality and flavor may deteriorate over time. This is due to the natural oxidation that occurs during freezing, which can lead to changes in color, texture, and flavor. To maintain the best quality, it’s recommended to use frozen chicken within the recommended time frames.

What are easy best practices for freezing chicken and keeping it fresh?

Freezing chicken is a great way to preserve it for later use, but it’s important to follow some best practices to ensure that the chicken stays fresh and safe to eat. One important step is to package the chicken properly before freezing. This includes wrapping it tightly in plastic wrap or aluminum foil to prevent freezer burn, and then placing it in a freezer-safe container or bag.

It’s also a good idea to label the package with the date of freezing, so you can keep track of how long it’s been in the freezer.

Another best practice is to freeze the chicken as soon as possible after purchasing it, to minimize the amount of time it spends at unsafe temperatures. Finally, it’s important to thaw frozen chicken safely, either in the refrigerator, in cold water, or using a microwave, and to cook it to the proper temperature to ensure that any harmful bacteria are killed. By following these easy best practices, you can ensure that your frozen chicken stays fresh and safe to eat for as long as possible.

How can you tell if your frozen chicken is still fit for consumption?

It’s important to check the quality of frozen chicken before consuming it, to ensure that it’s still good and safe to eat. One way to tell if frozen chicken is still good is to check for freezer burn, which can occur when the chicken is exposed to air in the freezer. Freezer burn can cause the chicken to become discolored and dry, with a tough texture.

Another way to check for the freshness of frozen chicken is to smell it. If the chicken has a sour or off smell, it may have gone bad and should be discarded. Finally, it’s important to check the texture of the chicken. If the chicken is slimy or sticky to the touch, it may have started to spoil and should not be eaten. By checking for these signs, you can ensure that your frozen chicken is still good and safe to consume.

Maximizing productivity while shedding pounds: How working professionals can benefit from this Green Coffee?

Health & Diet

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SnackTeam

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April 18, 2023

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Working professionals have a lot on their plate, and often times, they find it difficult to balance their work and personal life. When it comes to their health and fitness, it can be even more challenging. The long hours at work, the stress of deadlines and the pressure to perform can leave little time for exercise and a healthy diet.

However, there is a solution that can help working professionals maximize their productivity while shedding pounds – GreenBrrew Instant Natural Green Coffee. This article will discuss the benefits of green coffee, introduce GreenBrrew Instant Natural Green Coffee, and provide insights into how working professionals can benefit from it.

The Benefits of Green Coffee

Green coffee is a natural source of caffeine that is derived from unroasted coffee beans. It is a powerful antioxidant that has been shown to have a number of health benefits, including weight loss, improved energy levels, and reduced risk of chronic diseases.

One of the key benefits of green coffee is its ability to aid in weight loss. Green coffee contains chlorogenic acid, which is a natural compound that is known to help reduce the absorption of carbohydrates in the body. This can help to lower blood sugar levels and reduce the amount of fat that is stored in the body.

In addition to aiding in weight loss, green coffee has also been shown to improve energy levels and mental clarity. The caffeine in green coffee can help to increase alertness and reduce fatigue, making it an excellent choice for busy professionals who need to stay focused throughout the day.

What is GreenBrrew Instant Natural Green Coffee?

GreenBrrew Instant Natural Green Coffee is a unique product that is made from 100% natural green coffee beans. It is a convenient and easy-to-use instant coffee that can be prepared in just seconds. Unlike traditional coffee, GreenBrrew Instant Natural Green Coffee is unroasted, which means that it retains all of its natural health benefits.

GreenBrrew Instant Natural Green Coffee is available in a variety of flavors, including classic, lemon, and ginger. It is free from any artificial colors, flavors, or preservatives, making it a healthy and natural choice for working professionals.

Maximizing Productivity While Shedding Pounds with GreenBrrew Instant Natural Green Coffee

As working professionals, we often struggle to balance our busy schedules with maintaining a healthy lifestyle. We prioritize our work over our health, which leads to weight gain, fatigue, and a lack of productivity. Fortunately, GreenBrrew Instant Natural Green Coffee can help us maximize our productivity while shedding pounds.

GreenBrrew Instant Natural Green Coffee is a beverage that is made from unroasted coffee beans. Unlike roasted coffee, unroasted coffee beans contain chlorogenic acid, a potent antioxidant that can help you lose weight. This beverage is rich in antioxidants and is a great source of energy, which makes it an excellent option for those who want to boost their productivity.

The Science behind Green Coffee and Weight Loss

The chlorogenic acid in green coffee is the key ingredient that makes it an effective weight loss aid. Chlorogenic acid can help reduce the absorption of carbohydrates from the digestive tract, which can lead to lower blood sugar levels and less fat storage in the body. It can also help increase the metabolism of fat in the liver, which can help you burn fat more efficiently.

GreenBrrew Instant Natural Green Coffee is an easy and convenient way to get the benefits of green coffee. Simply mix the powder with hot water and enjoy the delicious and refreshing taste of green coffee. You can also add your favorite sweetener or milk to customize the flavor.

GreenBrrew Instant Natural Green Coffee is a great option for working professionals who want to maximize their productivity while shedding pounds. Its high antioxidant content, energy-boosting properties, and weight loss benefits make it a must-try beverage. Plus, it is easy and convenient to prepare, so you can enjoy it anytime, anywhere.

Why Slicc Oat Drink is the best source of protein for your kids?

Health & Diet

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SnackTeam

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April 18, 2023

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As a parent, you want the best for your child’s health and well-being. Providing a balanced diet with essential nutrients, vitamins, and minerals is crucial to ensure optimal growth and development. One of the essential nutrients that your child needs is protein, which plays a vital role in building and repairing tissues, muscles, and bones.

However, finding healthy and convenient sources of protein for your kid can be challenging. Many protein-rich foods may not be appealing to your child’s taste buds or may not fit into your busy schedule. This is where Slicc Oat Drink comes in as an excellent solution to provide your child with a nutritious and delicious source of protein.

What is Slicc Oat Drink?

Slicc Oat Drink is a plant-based beverage made from pure oats that provides a creamy and smooth texture. It is a dairy-free, gluten-free, and vegan alternative to cow’s milk that has gained popularity among health-conscious consumers.

Slicc Oat Drink is available in different flavors, including Original, Chocolate, and Vanilla, and can be enjoyed as a refreshing beverage or added to your favorite recipes.

How is oat milk beneficial for your kid?

A. High in protein

Oat milk is an excellent source of plant-based protein, making it an ideal choice for kids who follow a vegetarian or vegan diet or have lactose intolerance. Slicc Oat Drink contains up to 3 grams of protein per 100 ml, which is equivalent to the protein content in cow’s milk.

Protein is essential for your child’s growth and development, and a deficiency can lead to delayed growth, weakened immune system, and poor muscle mass. Including Slicc Oat Drink in your child’s diet can ensure that they get an adequate amount of protein that their body needs.

B. Nutrient-dense

Oat milk is not only high in protein but also packed with other essential nutrients that your child needs. Slicc Oat Drink is a good source of fiber, calcium, vitamin D, and iron, which are crucial for healthy bones, teeth, and blood.

Fiber promotes digestion and prevents constipation, while calcium and vitamin D support bone growth and prevent osteoporosis in later life. Iron is vital for red blood cell production and prevents anemia, which is prevalent in children.

C. Easy to digest

Slicc Oat Drink is naturally easy to digest and gentle on the stomach, making it an excellent option for kids who suffer from digestive issues. Unlike cow’s milk, oat milk does not contain lactose or casein, which can cause digestive discomfort, such as bloating, gas, and diarrhea.

Additionally, oat milk is rich in beta-glucans, a type of soluble fiber that promotes gut health and supports the growth of beneficial bacteria in the gut. This can further improve digestion and reduce inflammation in the body.

Why is Slicc Oat Drink the best source of protein for your kid?

While there are several sources of protein available, one product that stands out is Slicc Oat Drink. Here are some reasons why Slicc Oat Drink is the best source of protein for your kid:

A. Made with pure oats

Slicc Oat Drink is made with 100% pure oats, which are an excellent source of plant-based protein. Oats contain all the essential amino acids required by the body, making them a complete protein source. Additionally, oats are high in fiber, which aids digestion and keeps your kid feeling full for longer.

B. No added sugar or preservatives

Unlike other flavored milk drinks that are loaded with sugar and preservatives, Slicc Oat Drink is completely natural and contains no added sugar. This makes it a healthier alternative to other milk-based drinks, which are often high in calories and sugar.

C. Versatile and convenient

Slicc Oat Drink is versatile and can be used in several ways. You can consume it as is, add it to your kid’s cereal, or use it as a base for smoothies or shakes. It’s also convenient, as it comes in a ready-to-drink format, making it an ideal on-the-go option.

How to incorporate Slicc Oat Drink into your kid’s diet?

Now that you know why Slicc Oat Drink is the best source of protein for your kid, let’s look at how you can incorporate it into your kid’s diet.

A. Breakfast

Breakfast is the most important meal of the day, and Slicc Oat Drink is an excellent addition to your kid’s breakfast. You can serve it alongside their favorite cereal, or add it to their oatmeal for an extra protein boost. You can also make pancakes or waffles using Slicc Oat Drink instead of regular milk.

B. Snacks

Slicc Oat Drink is an excellent snack option for your kid. You can serve it with a piece of fruit, or use it as a dip for veggies. You can also freeze Slicc Oat Drink into popsicles for a healthy and refreshing snack option.

C. Smoothies

Smoothies are a great way to sneak in some extra nutrients into your kid’s diet. You can use Slicc Oat Drink as a base for your smoothies and add in some fruits and veggies for a nutrient-packed drink.

Slicc Oat Drink is an excellent source of protein for your kid. It’s made with 100% pure oats, contains no added sugar or preservatives, and is versatile and convenient. You can easily incorporate Slicc Oat Drink into your kid’s diet by serving it alongside their favorite cereal, using it as a snack, or using it as a base for smoothies.

With Slicc Oat Drink, you can rest assured that your kid is getting the protein and nutrients they need for optimal growth and development. Try Slicc Oat Drink today and see the difference it makes in your kid’s diet!

Tata Starbucks expands presence in Northern India with the opening of its first store in Agra

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April 17, 2023

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Tata Starbucks Private Limited marked the opening of its 338th store in India today by launching a new store in Agra, Uttar Pradesh. This is the first Starbucks location in the historic city.

Tata Starbucks has opened its 338th store in India, located in the historic city of Agra, marking the company’s 42nd city entry and third location in Uttar Pradesh after Lucknow and Kanpur. The new store aims to provide customers with the iconic Third Place experience.

The newly opened store will provide both locals and tourists from around the world with a fresh venue to socialize with friends or work together while indulging in their preferred Starbucks drinks.

“We’ve had an incredible journey in India so far; this year we crossed the 40th city milestone, bringing our presence to 338 stores across the country. After having successfully opened our doors to customers in Lucknow and Kanpur, we are delighted and honored to bring Starbucks to Agra, a city so culturally rich and vibrant”, said Sushant Dash, CEO, Tata Starbucks Pvt. Ltd.

The recently opened Starbucks store in Agra showcases a design that pays homage to the city’s rich historical architecture and a deep passion for coffee. The store’s architecture is inspired by intricate detailing and ornamentation, featuring rounded arches and modern decorative elements on both floors.

As customers enter the store, they are welcomed by a Starbucks craft bar and a double-height arch that displays a custom tapestry created in partnership with local artist Hemakshi Devi. The tapestry, meticulously crafted by a team of local artisans, pays tribute to traditional embroidery techniques like Dhurrie and Zardozi.

The store offers Starbucks merchandise and free Wi-Fi to customers. Additionally, the company is launching the Starbucks Rewards loyalty program in the city, which offers rewards and personalized benefits to members who make Starbucks a regular part of their daily routine. To ensure a safe and convenient experience for customers, Tata Starbucks has introduced contactless order and payment methods such as Mobile Order and Pay through the Starbucks India mobile application.

Delivery riders of Blinkit meet Gurugram Labour Commissioner, demand minimum pay of INR 25 per order

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April 17, 2023

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On Monday, delivery riders from Blinkit, the quick commerce platform owned by Zomato, had a meeting with Dinesh Kumar, Gurugram’s Deputy Labour Commissioner. During the meeting, the riders demanded various improvements, including a minimum pay of INR 25 for each order delivered, restoration of previous incentives, and better working hours. These riders have been on strike since the previous week.

Blinkit, a startup, has recently rolled out a new pay structure for its delivery riders in Delhi-NCR, where their payout will now be based on the distance travelled instead of a fixed amount. This move has led to hundreds of Blinkit riders going on strike, resulting in a disruption of services provided by the quick-commerce platform. Nearly 100 dark stores of the platform have been shut down in the region due to the strike.

During the meeting between the Labour Commissioner and the representatives of Blinkit’s driver partners, the management representatives were also present. The Labour Commissioner instructed the delivery executives’ representatives to prepare a list of their demands in writing and have it signed by the present delivery executives outside the office.

Blinkit Vs Driver Partners: The Issue

Blinkit has introduced a new pay structure for its delivery riders where they will be paid INR 12 per kilometre for delivering an order. This change has caused anger and frustration among the delivery drivers. The new pay structure also includes reduced pay rates for less busy hours, such as 11 AM to 7 PM, during which drivers will receive only INR 9 per kilometre.

The delivery partners have demanded a minimum pay of INR 25 for the first kilometre travelled, while the subsequent distance can be paid for according to the new pay structure.

The drivers argue that under the new pay structure, if a delivery partner completes two orders within an hour, travelling two kilometres each way, they would receive only INR 60 per hour, including incentives, which they consider unsustainable. As a result, the drivers are demanding a revised pay scale that would result in a payout of INR 100 per hour.

Previously, a group of approximately 380 drivers who were the first Blinkit delivery drivers in the Gurugram region were paid INR 50 per order. In contrast, the later joiners, comprising around 2,500 to 3,000 delivery partners, were compensated INR 25 per order.

The new pay regime has caused a significant disagreement, particularly for the early adopters who will experience a significant reduction in their earnings. This is because, under the new system, everyone, including the early joiners who were previously paid INR 50 per order, will receive the same amount.

There is a list of five demands presented by the drivers:

The company should increase the minimum pay to INR 25
The riders don’t want any changes to the pay scale. The company may increase the pay but should not decrease it
The company will not terminate access for a rider even if they are unable to log in for 20 days and will inform the rider before doing so
The company will revert to giving payment from cash on delivery orders to SM (store manager) so that the drivers can work easily
The company should arrange for water and toilets for the drivers

The drivers have submitted these demands, and the letter has been signed by hundreds of them, to the Gurugram Labour Commissioner.

Several riders have reported that the disruption has caused delays in their payments. As most of them live from paycheck to paycheck, managing their expenses has become challenging.

Moreover, the drivers have raised concerns about the difference between the delivery distance displayed on Blinkit’s app and the actual distance covered while completing an order.

According to a complaint filed by one of the drivers, Blinkit has reportedly terminated a few drivers who participated in the strike last week. These drivers were fired on April 15 and 16. Furthermore, the quick-commerce app has purportedly suspended the driver IDs of several other drivers who took part in the strike.

Industry bodies have strongly criticized Blinkit’s actions. The Indian Federation of App-Based Transport Workers (IFAT) has urged the quick-commerce startup to reconsider its stance on the issue.

Zomato’s Blinkit to face Q1 FY24 revenue loss due to ongoing delivery executive strike: ICICI Securities

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April 17, 2023

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The strike of Blinkit’s delivery executives in Delhi-NCR since mid-last week is likely to have already resulted in approximately 1% revenue loss to the quick-commerce arm of Zomato in Q1 of the financial year 2023-24 (FY24), ICICI Securities said in a research note on Monday (April 17).

Since the start of the strike over Blinkit’s new pay structure for delivery partners on April 12, more than 50% of the 200 Blinkit dark stores in the region have remained closed.

“We estimate Blinkit was operating about 370 dark stores pan-India as of Q3 FY23. This implies almost 25% of the dark stores are currently not operational. Given that at least 3-4 days’ sales have already been lost, this implies about 1% loss in revenue from Blinkit and almost 0.15% of consolidated revenue for Q1FY24 – already,” said ICICI Securities note on Zomato.

After the strike started, a message on the Blinkit app in some areas of the national capital said: “Sorry for the inconvenience. Your store is under maintenance.” Later, in a statement, the startup said, “We have introduced a new payout structure for our partners that compensates them based on their effort to deliver an order. This is an opt-in exercise, and our teams are on the ground to answer any questions from the partners.”

Blinkit’s decision to reduce the delivery fees of its delivery executives, leading to the ongoing strike, coincides with Zomato’s drive to reach its profitability targets. The foodtech giant has already implemented various restructuring measures in its other business segments, including staff reductions and exiting the food delivery business in several cities.

According to ICICI Securities, the change in Blinkit’s delivery fee structure is a reflection of Zomato’s drive towards cost control. The brokerage believes that the change will enable Blinkit to expand the delivery radius for its existing dark stores and enhance its network coverage while limiting capital expenditure.

“We believe strikes/agitations are unavoidable in the sector given the large exposure to an urban ‘blue-collared’ workforce. However, given that the strike (at Blinkit) is happening in the national capital and has already garnered political attention, we think the company should try to resolve the issue at the earliest,” said the brokerage.

After the Blinkit delivery executives’ protest began, Yashpal Batra, a spokesperson of the Bharatiya Janata Party (BJP) from Haryana, supported the protest and met with Gurugram Labour Commissioner Dinesh Kumar to seek swift resolution of their concerns. Recently, the delivery executives met with Kumar to request a minimum payment of INR 25 per order delivered.

ICICI Securities has suggested that Blinkit can tackle the issue by providing better clarity on the anticipated change in earnings for delivery partners, and offering some concessions on the delivery fee.

ICICI Securities has maintained its ‘buy’ rating on Zomato’s stock, despite the growth challenges in the food delivery segment and the recent problems at Blinkit.

ICICI Securities has predicted that Blinkit’s growth will be at 30% quarter-on-quarter in the fourth quarter of FY23, primarily due to its expansion in more locations. In contrast, the brokerage anticipates that Zomato’s gross order value (GOV) in its food delivery segment will remain stable in the same quarter, despite the activation of Zomato Gold, because of the seasonal weakness and waning online consumption. Nonetheless, the brokerage has maintained its ‘buy’ rating on the Zomato stock despite the recent issues at Blinkit affecting its growth in the near term.

It is worth noting that Zomato’s consolidated net loss widened both year-on-year (YoY) and quarter-on-quarter (QoQ) to INR 346.6 crore in Q3 FY23, despite total adjusted revenue of INR 2,363 crore. Blinkit’s contribution to the adjusted revenue in the quarter was INR 301 crore.

ICICI Securities has reiterated its price target (PT) of INR 65 on Zomato, which represents a potential upside of 20.7% based on the stock’s closing price on the BSE.

Today, Motilal Oswal started covering Zomato and gave a ‘buy’ rating with a PT of INR 70. This PT indicates an increase of 30% to the stock’s closing price on Friday.

According to Motilal Oswal’s report, while Blinkit is demonstrating good scalability and profitability, the space is still in its early stages for Zomato, as there are a significant number of players in the ecosystem.

“We view the acquisition of Blinkit as an additional risk and high attrition at senior management level remains a concern,” the brokerage said.

Despite facing stiff competition in the food delivery industry, Motilal Oswal predicted a 29% revenue compound annual growth rate (CAGR) for Zomato between FY23-25 due to the rapid growth of the industry in India, fuelled by increasing internet penetration, consumption, and urbanisation. As a leading player in the industry, Zomato is expected to gain from this trend.

“We expect strong growth to be complemented by the company turning profitable over FY25, despite elevated competitive intensity,” the brokerage added.

Although the stock market saw a decline in most new-age tech stocks today, Zomato’s shares remained relatively stable, trading at INR 53.8 on the BSE during noon trade.

Insect farming startup Ynsect raises $175 Million to expand high-value food production

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April 17, 2023

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Ynsect SAS, a startup in the insect farming industry, has successfully raised additional funding to support its global expansion plans and prioritize producing higher-value food for both pets and humans.

Having recently closed a financing round of €160 million ($175 million), the French company’s total funds raised to date amount to roughly $625 million. With the aim of increasing profitability in the face of soaring costs of energy, raw materials, and debt, the company is transitioning away from animal feed – such as mealworms for fish – and towards higher-margin products, such as pet food and food ingredients.

“We are really focused today on where the value, the revenue are the highest,” and where the climate and biodiversity footprints are best, Ynsect co-founder Antoine Hubert said in an interview. “Animal feed is a good market, but it takes more time to make a positive financial and economic impact.”

Insects have gained recognition as a sustainable protein source, with regulatory approvals in Europe. However, they remain a niche market and comparatively expensive food item in the West. Additionally, securing funding for startups and new technologies has become increasingly challenging due to heightened investor scrutiny and limited funding opportunities.

Hubert emphasized the difficulties the industry confronts, noting that investors are now more thoughtful about their investment decisions.

“It’s positive to see in this tough environment, to find support and people who believe in what you are doing,” he said.

The identities of the investors in the latest funding round were not disclosed by Hubert, as Ynsect is currently in discussions for a second tranche of funding set to conclude later this year. Ynsect has previously received backing from investors such as Astanor Ventures, Bpifrance, and Robert Downey Jr., who played the lead role in the Iron Man movie franchise.

Ynsect, whose farms are located in France, the Netherlands, and the US, is currently expanding its operations in Mexico and exploring potential entry into the Asian market. With approximately $175 million in secured supply contracts and ongoing negotiations for customer deals worth around $1 billion, the company is poised for further growth.

Ynsect is pursuing an “asset-light” business model that involves a combination of joint ventures and licensing agreements, requiring less capital investment. This shift in strategy will result in a reduction of the company’s global workforce of 360 employees by approximately 20%. However, Ynsect still intends to hire around 40 people for new positions.

Anushka Sharma and Virat Kohli choose a wholesome post-IPL match meal. Check it out!

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April 17, 2023

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For years, Anushka Sharma and Virat Kohli have been the epitome of relationship goals. Apart from their undeniable chemistry, the couple shares a passion for food. While Anushka savors South Indian delicacies and other traditional cuisines, Virat indulges in his favorite cheat meal, chole bhature. Nonetheless, their latest choice of refreshment has sparked a discussion about their preference for healthier options. Following Virat’s IPL match on Saturday, the duo was spotted having a wonderful time together, relishing some invigorating sparkling water.

Virat’s drink also included some lemon and mint. Anushka Sharma shared a selfie and wrote, “Post match drinks sesh – sparkling water. We party hard(ly),” along with a laughing emoji.

It is noteworthy that Anushka Sharma and Virat Kohli are proponents of healthy living and clean eating. In a recent interview with Grazia India, Anushka disclosed that she and Virat follow a distinct lifestyle. When their neighbors, Vicky Kaushal and Katrina Kaif, invited them for dinner last month, Anushka and Virat had to confess that they dine at 6 pm and retire by 9:30 pm.

Anushka said, “Katrina and Vicky have invited us to their home, but we eat dinner at 6 and we sleep at 9:30. So I said (to Katrina Kaif), for you, we’ll eat at 7-7:30 but we have to leave soon.”

During a visit to Delhi, Anushka Sharma embarked on a flavorful culinary adventure, treating her taste buds to a variety of mouth-watering delicacies. Her food diary featured two staple meals – the first being Virat’s favorite chole bhature, and the second consisting of kulcha with delectable paneer and flavorful dal. Anushka shared pictures of her indulgent meals with her online followers, showcasing the special chole bhature platter that came with sides of onions, green chutney, and pickle. With the other plate comprising a delectable kulcha served with paneer ki sabzi and dal, Anushka playfully captioned her post with “When in…”. Be sure not to miss out on the mouth-watering sides of onions, green chutney, and pickles.

On a previous occasion, the two were spotted enjoying a delightful coffee and cookie date. Anushka humorously remarked, “Feeling mighty victorious when you manage to sneak in a quick breakfast.”

MOFSL predicts 30% growth potential for Zomato: Here’s why the brokerage is optimistic about the stock

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April 17, 2023

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According to a report by Motilal Oswal Financial Services, the food delivery market in India is expected to grow at a compound annual rate of 19% between FY23-25, while other markets are experiencing a slowdown. This growth is expected to be driven by an increase in the number of transacting users and order frequency, resulting in a higher proportion of online food ordering.

The report suggests that online food ordering in India is set to reach a 24% share by FY25E, up from 13% in FY21. The report also includes an analysis of Zomato, with a target price of INR 70.

On April 17, the shares of the restaurant aggregator and food delivery company were trading at INR 53.42 apiece on the BSE, indicating a 0.76% decline.

According to the brokerage firm, the adoption of online delivery in India has been fueled by increasing internet penetration, urbanization, and consumption. With a projected internet user base of 1 billion by 2025, as estimated by Redseer, and only 9% of the population currently using the internet (in comparison to 36% in China and 50% in the US), there is a vast untapped market with plenty of room for growth. This suggests a long-term potential for growth in the sector.

As per MOFSL, the food delivery market in India has now become a stable duopoly with Zomato holding a 55% market share and Swiggy holding 45%, following Amazon’s exit. The high barrier to entry, requiring significant capital to displace the established players, creates a considerable competitive advantage or “moat” for the incumbents.

“We expect Zomato to gain from the relatively early stage of the food delivery ecosystem in India, as increased formalisation along with a growing share of platform-led delivery (currently at 7% of overall food consumption) should help boost its Food delivery gross order value (GOV) to INR 38,400 crore in FY25 from INR 21,300 crore in FY22.”

Financials & Growth:

According to research analysts Mukul Garg, Raj Prakash Bhanushali, and Pritesh Thakkar at MOFSL, Zomato is expected to achieve a robust 29% revenue compound annual growth rate (CAGR) between FY23 and FY25. This growth is anticipated to be driven by increased penetration, a higher proportion of users making transactions, and an increase in the frequency of orders.

Additionally, the analysts predict that Zomato will reach breakeven by FY25, building on the food business segment’s EBITDA level breakeven achieved in 1QFY23. MOFSL also expects Zomato’s gross margin to improve significantly from 5.3% in FY22 to 33.5% in FY25.

Additionally, the brokerage noted that Zomato Gold is anticipated to contribute to the company’s growth. The early indications of Gold adoption are positive, with 900,000 users signing up in the first month alone. The brokerage believes that this trend will help Zomato to improve its growth trajectory, as the frequency of orders is expected to increase after declining in recent quarters.

However, MOFSL also expressed concern about the limited differentiation between Zomato and Swiggy’s offerings, with both companies providing food delivery, dine-in, and quick commerce services. A fragmented market without a clear leader could negatively impact margins due to the absence of efficiency gains from order bunching. MOFSL anticipates a contribution margin of 5.6% of gross order value (GOV) for Zomato in FY25E, compared to its medium-term target of 8%.

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