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Latest news

Mondelez’s SnackFutures Ventures invests in UK doughnut startup Urban Legend to cater to health-conscious consumers

International
SnackFutures Ventures, Mondelez's corporate venture capital arm, has invested in Urban Legend, a UK-based start-up specialising in healthier doughnuts and pastries. Expanding͏͏ into͏͏ the͏͏ Better-for-You͏͏...

Bio&Me launches new ‘Good for Your Gut’ kefir drinks with 18 culture strains

International
Bio&Me͏͏ has͏͏ enhanced͏͏ its͏͏ kefir͏͏ range͏͏ by͏͏ launching͏͏ new͏͏ 'Good͏͏ for͏͏ Your͏͏ Gut'͏͏ Kefir͏͏ Drinks. The͏͏ drinks͏͏ come͏͏ in͏͏ two͏͏ variants:͏͏ natural͏͏ and͏͏ vanilla.͏͏ Each͏͏...

Lucky Energy raises $11.75 Mn in oversubscribed Series A funding round

International
US energy drink company Lucky Energy has successfully concluded an oversubscribed Series A funding round, raising $11.75 million, with Brand Foundry Ventures leading the...

Levi Strauss explores sale of Dockers brand following revenue miss

Industry
Levi Strauss is mulling the sale of its underperforming Dockers brand, known for its chinos and khaki apparel. Shares͏͏ of͏͏ the͏͏ denim͏͏ maker͏͏ fell͏͏ nearly͏͏...

Gold reaches new high of INR 78,300 on safe-haven buying and festive demand

Industry
Gold͏͏ reached͏͏ a͏͏ record͏͏ high͏͏ of͏͏ INR 78,300͏͏ per͏͏ 10͏͏ grams͏͏ on͏͏ Wednesday,͏͏ driven͏͏ by͏͏ safe-haven͏͏ buying͏͏ amid͏͏ escalating͏͏ tensions͏͏ in͏͏ the͏͏ Middle͏͏ East͏͏...

FMCG firms adjust to quick commerce boom, cut distributor sales amid inventory oversupply

FMCG
India's booming quick commerce sector is prompting fast-moving consumer goods (FMCG) companies to reduce sales to distributors in major cities and manage an oversupply...

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

Startups
Actress Samantha Prabhu has made another investment in the Indian startup ecosystem by backing D2C wellness brand Secret Alchemist. Following͏͏ this͏͏ investment,͏͏ the͏͏ brand͏͏ has͏͏...

PepsiCo to acquire Siete Foods for $1.2 Bn, strengthening better-for-you portfolio

International
PepsiCo plans to acquire Siete Foods, a Texas-based producer of Mexican-American food products, for $1.2 billion. The͏͏ acquisition͏͏ is͏͏ set͏͏ to͏͏ close͏͏ in͏͏ the͏͏ first͏͏...

Premiumisation and pent-up demand to drive festive growth in 2024: Redseer Report

LATEST
Premiumisation and pent-up demand are set to drive festive demand in 2024, according to a new report from Redseer Strategy Consultants. The͏͏ report͏͏ reveals͏͏...

Marico reports high single-digit consolidated revenue growth for July-September quarter

LATEST
FMCG firm Marico Ltd reported high single-digit consolidated revenue growth for the July-September quarter. While͏͏ higher͏͏ realisations͏͏ in͏͏ the͏͏ domestic͏͏ market͏͏ supported͏͏ growth,͏͏ incremental͏͏...

Nilkamal launches Nilkamal Homes, plans 60 premium furniture stores nationwide

LATEST
Nilkamal, a leading name in the furniture industry, has launched Nilkamal Homes, a new retail brand specialising in premium home furniture and decor. The͏͏...

Dabur’s beverage segment suffers setback as heavy rainfall affects consumer offtake

Industry
With above-normal rainfall being recorded across the country, FMCG giant Dabur announced ahead of its quarterly results for FY25 that its beverage segment has͏͏...
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