Swiggy woos new restaurant owners with one month commission-free deal

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March 31, 2023

Swiggy, one of India’s largest online food delivery platforms, has recently launched a new initiative called Swiggy Launchpad. The aim of this initiative is to encourage new restaurants to join the platform by offering them a commission-free first month. This move is part of Swiggy’s efforts to boost its restaurant partner base and expand its reach across the country.

Swiggy Launchpad offers several benefits to new restaurant partners. In addition to the commission waiver, they can get a dedicated growth manager to help them understand the platform and grow their business, free ads on the app to promote their brand, an extended delivery radius to reach more customers, apps to manage their business performance and create high-quality menus, as well as data and insights through business intelligence dashboards. Swiggy estimates that new restaurant partners can save up to INR 20,000 through commissions and other benefits.

In an official statement, Swiggy said,“Over the years, online food delivery has emerged as a credible channel for new restaurants to accelerate consumer traction and growth. Yet, many brands are unclear about where and how to begin. The 0% commission will work as a great tester for these new restaurants, while also saving them some capital.”

Swiggy has been facing challenges in recent times. In January 2022, the company sold its cloud kitchens firm Swiggy Access and laid off around 380 staff in an effort to rationalize costs. Swiggy’s CEO Sriharsha Majety had previously stated in an email to employees that the growth rate for food delivery had slowed down versus the company’s projections, and it needed to revisit its overall indirect costs.

Swiggy’s financial performance has been mixed. According to data from Tofler, Swiggy reported a net loss of INR 3,628.9 crore for FY22, which was higher than its net loss of INR 3,342.3 crore in the previous year. However, its revenue from operations increased by 125 percent to INR 5,704.9 crore in FY22, which was a significant improvement from the previous year.

Swiggy is one of the leading players in India’s online food delivery market, which has seen rapid growth in recent years. The Covid-19 pandemic has further accelerated the adoption of online food delivery platforms, as people increasingly turned to home delivery services to avoid going out. With its latest initiative, Swiggy hopes to attract more restaurant partners and expand its reach across the country.

Tilaknagar Industries expands reach in beverage industry with 10% stake in Samsara Gin Maker

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March 31, 2023

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Tilaknagar Industries Limited (TI) has announced that it will acquire a 10% stake in Spaceman Spirits Lab (SSLPL) for INR 9.75 crore. The investment will be made in two tranches through a combination of equity shares and compulsory convertible preference shares. SSLPL, which owns Samsara gin and was established in 2020, had an annual turnover of INR 2.7 crore during FY22.

TI’s investment in SSLPL will enable the company to enter the premium craft gin market segment. According to a BSE filing, the acquisition is expected to be completed on or before 30 June 2023.

With this investment, TI now has a presence in the growing segment of local craft gin brands in India. The success of local craft gin brands has caught the attention of the big players, including United Spirits, which acquired a minority stake in Nao Spirits in March last year and has significant expansion plans, both domestically and in international markets.

According to data from global alcohol market analysts IWSR, in India, small handmade batches of local gin account for nearly half of the mass-premium gin segment, which had sales of about 168,000 cases (of nine liters each) in 2021, up from 80,400 cases in 2019.

On the other hand, the demand for Indian-made foreign liquor (IMFL) gin brands in the value segment has shrunk in recent years as consumers traded up for pricier brands. In 2021, the value segment of gin fell to about 413,000 cases, down from 895,000 cases in 2019.

Tilaknagar Industries Limited (TI) is among India’s top ten largest distillers, founded in 1933 as Maharashtra Sugar Mills. TI sells Mansion House Brandy, which outsold Diageo’s McDowell’s No 1 to become India’s biggest brandy brand by volume in 2021, with sales of over 5.5 million cases during the first nine months of FY23.

TI’s investment in SSLPL demonstrates the company’s willingness to expand its portfolio and enter the growing segment of local craft gin brands in India. With the success of local craft gin brands, the acquisition is likely to provide TI with the opportunity to leverage the growing popularity of Samsara gin and further diversify its product range.

Get abs like Jason Momoa: Follow his diet plan for a ripped physique

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March 31, 2023

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Jason Momoa is known for his ripped physique, and he maintains his impressive physique through a combination of intense workouts and a healthy diet. Here’s a breakdown of his diet plan that can help you get abs like him:

Protein: Momoa’s diet is high in protein, which is essential for building and repairing muscle tissue. He incorporates lean protein sources such as chicken, fish, and grass-fed beef into his meals.
Healthy fats: Momoa also includes healthy fats in his diet, which can help with satiety and provide energy for workouts. He consumes foods such as avocados, nuts, seeds, and olive oil.
Complex carbohydrates: To fuel his intense workouts, Momoa includes complex carbohydrates in his diet. He opts for whole grains such as brown rice, quinoa, and sweet potatoes.
Fruits and vegetables: Momoa also incorporates plenty of fruits and vegetables into his diet. These foods are packed with vitamins, minerals, and antioxidants that can help support overall health and recovery from workouts.

Also, recently in one of his interviews he revealed what he eats in a day-

Breakfast: Omelet made with eggs, spinach, and feta cheese. Served with a side of mixed berries.

Snack: Apple slices with almond butter.

Lunch: Grilled chicken breast with a side of brown rice and roasted vegetables.

Snack: Protein shake made with whey protein, almond milk, and frozen berries.

Dinner: Grilled salmon with a side of quinoa and sautéed kale.

Snack: Greek yogurt with mixed nuts and a drizzle of honey.

In addition to a healthy diet, Momoa also emphasizes the importance of staying hydrated and getting enough sleep to support his fitness goals.

It’s important to note that a diet plan should be tailored to an individual’s specific needs and goals, and it’s always a good idea to consult with a healthcare professional before making significant changes to the diet or exercise routine.

Acing your exams with Oranges: How this fruit can boost your brainpower

Health & Diet

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March 31, 2023

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Oranges are a delicious and nutritious fruit that is widely consumed across the world. They are known for their sweet taste, high nutritional value, and numerous health benefits. In addition to their physical health benefits, oranges can also have cognitive benefits, particularly when it comes to academic performance.

Oranges are rich in several essential nutrients that can improve cognitive function. Some of the most important nutrients in oranges include:

Here is how oranges can help you score better marks:

Comprehension is a critical skill that is essential for academic success. Oranges can help improve comprehension and your retention power in several ways:

Improves memory: Vitamin C is a powerful antioxidant that helps protect the brain from oxidative stress, which can lead to cognitive decline. Vitamin C is involved in the production of neurotransmitters, which are critical for cognitive function including comprehension, memory formation and retention. Oranges are high in vitamin C, which can improve memory formation and retention.

Improves blood flow: Oranges contain flavonoids, which are compounds that can improve blood flow to the brain. Improved blood flow can increase oxygen and nutrient delivery to the brain, which can improve cognitive function, including comprehension.

Boosts Focus: Oranges are an excellent source of dietary fiber. Fiber is essential for cognitive function, as it helps regulate blood sugar levels, which can prevent cognitive decline and improve focus and concentration.

Enhances learning: Oranges contain a compound called folate, which is essential for brain function and the synthesis of neurotransmitters. Folate is involved in the production of serotonin, a neurotransmitter that regulates mood, sleep, and learning.

Reduces inflammation: Chronic inflammation in the brain can impair cognitive function, including memory retention. Oranges contain anti-inflammatory compounds, such as flavonoids and carotenoids, that can reduce inflammation in the brain and improve cognitive function.

Oranges are a delicious and nutritious fruit that can have cognitive benefits, particularly when it comes to academic performance. Incorporating oranges into your diet is an easy and delicious way to boost your cognitive function and improve your academic performance.

How flax seeds can help prevent heart disease in elderly

Health & Diet

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March 31, 2023

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As people age, the body undergoes various changes that can contribute to a decrease in strength and physical function. They not only lose their bone density and muscular mass, but also they experience change in hormones and loss of neurological sync which makes them more susceptible to chronic diseases like alzhiemers, arthritis, heart disease, or diabetes.

While it can be extremely hard to look at our loved ones in pain, we surely can make it better for the senior citizens of our family by including simple foods like flax seeds in their diet, which helps the overall development and strengthening of the body.

Here is how flax seeds is beneficial for seniors:

Lower cholesterol levels: Flaxseeds are rich in soluble fiber, which can help reduce LDL (bad) cholesterol levels in the blood. High cholesterol levels are a major risk factor for heart disease, so consuming flax seeds can help seniors lower their risk.

Reduce blood pressure: Flaxseeds contain alpha-linolenic acid (ALA), an omega-3 fatty acid that has been shown to help lower blood pressure. High blood pressure can damage blood vessels and increase the risk of heart disease, so incorporating flax seeds into the diet can help seniors maintain healthy blood pressure levels.

Prevent inflammation: Inflammation is a major contributor to heart disease, and flaxseeds have been shown to have anti-inflammatory properties. The lignans in flaxseeds can help reduce inflammation in the body, which can help protect the heart.

Improve arterial function: Arterial stiffness is a common problem in seniors, and it can lead to high blood pressure and other heart problems. Flaxseeds have been shown to improve arterial function and reduce stiffness, which can help prevent heart disease.

Enhance heart health: Flaxseeds are a good source of magnesium, which is an essential mineral for heart health. Magnesium can help regulate heart rhythm, reduce blood pressure, and improve circulation, all of which can help seniors maintain a healthy heart.

How to incorporate flax seeds in the diet:

Incorporating flax seeds into the diet can be easy for seniors. They can be sprinkled on top of oatmeal, yogurt, or smoothies, or added to baked goods like muffins or bread. Ground flaxseeds are more easily digestible than whole flaxseeds, so it’s recommended to grind them before consuming.

Flaxseeds can be a great addition to the diet for seniors looking to improve their heart health. As with any dietary change, it’s important to consult with a healthcare professional before making significant changes to the diet.

EazyDiner secures INR 40 crore funding to drive expansion across India and the Middle East

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March 31, 2023

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EazyDiner, the platform that facilitates restaurant table reservations, food discovery, and payments, has announced raising INR 40 crore in a recent funding round from DMI Alternative Investment Fund.

EazyDiner is a popular platform that has made dining out a hassle-free experience for millions of users in India, Dubai, and Abu Dhabi. The platform was founded in 2014 by Kapil Chopra, a renowned hospitality industry veteran, and has since become one of the leading players in the online food space in India.

Kapil Chopra, Founder of EazyDiner, said, “With the latest funding round, EazyDiner is well-positioned to grow exponentially and add new features to make it even more rewarding for consumers and restaurant partners to encourage eating out at great restaurants.”

With a focus on user experience, EazyDiner has partnered with more than 12,000 restaurants across India, Dubai, and Abu Dhabi, providing users with a hassle-free way to book a table and discover new dining experiences. According to the company’s statement, it serves more than 3 million users and facilitates reservations for over 700 restaurants throughout Dubai and Abu Dhabi.

Shivashish Chatterjee, Co-founder of DMI Finance, said, “We are excited to partner with the EazyDiner team as they scale their business pan India and internationally. The Sparkle Fund is always on the lookout for companies that have the vision to innovate in the financial services ecosystem and with EazyDiner, the future of eating out looks promising.”

Additionally, EazyDiner has introduced its payment product ‘PayEazy’ in the Middle East in recent times, enabling users to pay for their meals seamlessly using their mobile phones. PayEazy also offers additional discounts and reward points for every payment made, making it an attractive proposition for users looking to save on their dining expenses.

Recently, EazyDiner also partnered with IndusInd Bank to launch a co-branded dining credit card that offers several benefits, including a complimentary EazyDiner Prime membership.

The Prime membership guarantees a minimum of 25% and up to 50% savings at more than 2,000 restaurants, along with an additional 25% discount of up to INR 1,000 for every payment made through PayEazy, and the instant redemption of reward points. This collaboration has further expanded EazyDiner’s reach and made it even more accessible to a wider user base.

Moreover, EazyDiner has also formed strategic partnerships with some of the most popular hotel chains in the country, such as ITC Hotels, Radisson Hotels, JW Marriott, Four Seasons, St Regis, Trident, Indian Accent, Olive, Mamagoto, and Barbeque Nation. These partnerships have enabled EazyDiner to provide exclusive dining experiences and discounts to its users, further enhancing its value proposition.

EazyDiner has created a seamless and hassle-free dining experience for its users, and with the recent funding from DMI Alternative Investment Fund and The Sparkle Fund, the company is poised to further expand its operations in India and the Middle East, offering even more value to its users.

The best Homemade Chicken and Mushroom Lasagna Recipe you’ll ever try

Recipes & Meals

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March 31, 2023

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Lasagna is a classic Italian dish that is sure to please even the pickiest of eaters. But making it at home can be a daunting task.

Homemade Chicken and Mushroom Lasagna is a unique dish that stands out due to its combination of flavors and textures. Unlike traditional lasagnas made with beef and tomato sauce, this recipe uses chicken and mushrooms as the main ingredients, giving it a unique taste that is both hearty and savory. The chicken is cooked in a creamy white sauce with mushrooms, creating a rich and flavorful filling that is layered between tender lasagna noodles.

What makes this dish truly unique is the addition of fresh herbs such as basil and thyme, which add a fragrant aroma and a burst of fresh flavor to each bite. The top layer of the lasagna is topped with melted cheese, which adds a crispy and golden-brown texture to the dish.

Another reason why Homemade Chicken and Mushroom Lasagna is unique is that it is a versatile dish that can be adapted to different tastes and dietary preferences. For example, it can be made gluten-free by using gluten-free lasagna noodles, and it can also be made vegetarian by omitting the chicken and using vegetable broth instead of chicken broth.

With this easy-to-follow recipe, you will be able to make a delicious Chicken and Mushroom Lasagna that will surely have your family and friends begging for more!

Ingredients:

• 1 package lasagna noodles

• 1 pound boneless, skinless chicken breasts

• 1 tablespoon olive oil

• 1 tablespoon minced garlic

• 1 small onion, diced

• 8 ounces of mushrooms, sliced

• 1/2 cup white wine

• 1/2 teaspoon oregano

• 1/2 teaspoon basil

• 1/2 teaspoon thyme

• 1/2 teaspoon rosemary

• 1/2 teaspoon salt

• 1/2 teaspoon black pepper

• 1/2 cup chicken broth

• 1 (15 ounce) can diced tomatoes

• 1 (15 ounce) can tomato sauce

• 1/2 cup heavy cream

• 1/4 cup freshly grated Parmesan cheese

• 2 cups shredded mozzarella cheese

Instructions:

1. Preheat the oven to 375 degrees F.

2. Bring a large pot of salted water to a boil. Add lasagna noodles and cook until al dente; drain.

3. Meanwhile, heat the olive oil in a large skillet over medium-high heat. Add the chicken and cook until golden brown and cooked through; about 6 minutes. Remove from the skillet and set aside.

4. Add the garlic and onion to the skillet and sauté until soft; about 3 minutes. Add the mushrooms and sauté until softened; about 5 minutes.

5. Add the white wine, oregano, basil, thyme, rosemary, salt, and pepper to the skillet and cook until the liquid has reduced by half; about 2 minutes. Add the chicken broth, diced tomatoes, and tomato sauce. Simmer for 10 minutes.

6. Add the heavy cream and Parmesan cheese to the sauce and stir until combined.

7. To assemble the lasagna, spread a thin layer of the sauce in the bottom of a 9×13 baking dish. Layer with half of the lasagna noodles, followed by half of the chicken, and half of the remaining sauce. Top with half of the mozzarella cheese.

8. Layer with remaining noodles, chicken, sauce, and mozzarella cheese.

9. Place in a preheated oven and bake for 30 minutes, or until the cheese is melted and bubbly.

10. Allow to cool for 10 minutes before serving. Enjoy!

Swiggy Co-founder Phani Kishan to head Instamart as Karthik Gurumurthy steps down

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March 31, 2023

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Phani Kishan Addepalli, one of the Co-founders of Swiggy, has taken over the role of heading the company’s Instamart quick commerce business. This comes after Karthik Gurumurthy, who was previously in charge of Instamart, stepped aside to take a sabbatical.

Addepalli has been with Swiggy for six years and was promoted to the role of Co-founder in July 2021. He has also been heading the company’s InsanelyGood business since October 2021.

Swiggy’s Instamart competes with other quick commerce players such as Zomato’s Blinkit and Zepto. According to a LinkedIn post by Gurumurthy on March 31, Instamart was almost a billion-dollar business.

Phani Kishan Addepalli, Co-founder, wrote, “Today business continues to grow, great relationship with our brand partners and with few of our stores already being profitable, it just feels how the seed germinated into a sampling and is now a big strong tree. Lot of compromises on physical & mental well being”.

He added, “I plan to take a sabbatical now to come back afresh and build something (0-1), something which I have loved… Live back and play back that memories of 2020 and 2021.”

“I take this break to rejuvenate myself through this sabbatical (and not because of the 13 Mn$ gap :D).. we value our people a lot and want to build a sports team with a heart.”

Swiggy has been looking to cut down costs recently, as it laid off 380 people two months ago. The move to have Addepalli take over as head of Instamart could be part of this effort to streamline operations.

Despite the cost-cutting measures, the quick commerce segment has been growing rapidly. A November 2022 report by Prosus stated that quick commerce had grown 20 times in the first half of 2022, with GMV reaching $257 million for that period. However, Swiggy’s losses for FY22 have widened to INR 3,628.9 crore, according to data from Tofler.

Swiggy’s decision to have Addepalli take over as head of Instamart comes at a time when the company is looking to reduce costs. While the quick commerce segment has been growing rapidly, Swiggy’s losses have also been widening. It remains to be seen how the company will navigate these challenges going forward.

KBM Spices teams up with Parineeti Chopra to boost brand presence in competitive market

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March 31, 2023

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KBM Spices, a prominent player in the Indian spice industry, has recently announced that it has appointed the talented actress Parineeti Chopra as its brand ambassador. This strategic move is aimed at boosting the brand’s visibility and credibility across the country, as it plans to aggressively foray into the entire North Indian region and other parts of India.

With a strong presence in the Delhi-NCR markets, KBM Spices has already established a loyal customer base by offering high-quality spices that are rich in aroma, flavor, and nutrition. However, the company is now looking to expand its market presence beyond Delhi-NCR and into other parts of the country. By appointing Parineeti Chopra as its brand ambassador, KBM Spices hopes to leverage her popularity and connect with a larger audience.

Rupesh Aggarwal, Chief Marketing Officer and Co-owner of KBM Foods, said, “We are extremely delighted to have Parineeti Chopra onboard as our brand ambassador. She resonates with our brand values and is loved by millions across the country. We are confident that her energy and passion for life will bring a fresh perspective to our brand and help us connect with a larger audience.”

Chopra said, “I am thrilled to be a part of the KBM spices family. I understand the importance of good quality spices in cooking, and KBM spices are known for their superior quality and taste. I look forward to representing a brand that is committed to providing the best to its customers.”

Parineeti Chopra is a well-known Bollywood actress who has won several awards for her performances in movies. With her impressive acting skills and charming personality, she has captured the hearts of millions of fans across India. By associating with Parineeti Chopra, KBM Spices aims to create a strong brand image and enhance its reputation as a trusted and reliable source of high-quality spices.

In addition to appointing Parineeti Chopra as its brand ambassador, KBM Spices also plans to invest heavily in marketing and advertising campaigns to promote its products and reach a wider audience. The company is confident that with its quality products, strong brand image, and dedicated marketing efforts, it will be able to capture a significant market share and become a leading player in the Indian spice industry.

Nestle eyes acquisition of Capital Foods, parent company of ‘Ching’s Secret’, in $1 Billion deal

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March 31, 2023

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Nestle SA is a Swiss multinational food and drink company that is the largest in the world, measured by revenue. It has operations in over 190 countries and employs approximately 308,000 people. The company’s portfolio includes well-known brands such as Nescafe, KitKat, Gerber, and Purina, among others.

In recent years, Nestle has been focused on expanding its presence in emerging markets, particularly in Asia, to tap into the growing middle class and increasing consumer spending in those regions.

India is one of the fastest-growing economies globally, with a large and young population that is becoming more affluent and health-conscious. The country’s food and beverage market is projected to grow rapidly, driven by factors such as rising urbanization, changing dietary habits, and increasing demand for convenience foods. Nestle has been operating in India for over 60 years and has a significant presence in the country, with a wide range of products that cater to different consumer segments.

Capital Foods Pvt is a privately held Indian company that specializes in the production of ready-to-cook and ready-to-eat food products. The company’s products are popular in India and other countries, particularly among consumers who enjoy spicy and flavorful food.

Capital Foods’ Ching’s Secret brand of noodles and fusion chutneys, in particular, has gained a cult following among young consumers in India. The company has also been expanding its presence in the global market, with products available in over 40 countries.

The potential acquisition of Capital Foods by Nestle would be a significant development in the Indian food and beverage industry. It would enable Nestle to further expand its product portfolio and reach in India, particularly in the ready-to-cook and ready-to-eat food segments. It would also provide Capital Foods with access to Nestle’s vast resources and expertise, which could help the company accelerate its growth and expansion plans.

The deal is not yet finalized, and several other potential buyers have expressed interest in acquiring Capital Foods. However, if Nestle does succeed in acquiring the company, it would be a major strategic move that could have far-reaching implications for the Indian food and beverage market. Investors and analysts will be closely monitoring developments in this space in the coming months.

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