Friday, December 19, 2025
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India’s Beer Makers Grapple with 13-Crore Can Deficit, Demand Policy Relief

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India’s beer makers are warning of a severe disruption in supply due to an acute shortage of aluminium cans, urging the government to allow short-term import relaxations to meet rising demand during the peak consumption period.

According to the Brewers Association of India (BAI), the domestic industry faces an annual deficit of nearly 12 to 13 crore aluminium cans in the 500 ml size segment, which accounts for roughly 20% of total beer sales across the country. The shortage, if unresolved, could cost the government an estimated ₹1,300 crore in lost excise revenue this fiscal year.

The supply crunch has been compounded by a mandatory Bureau of Indian Standards (BIS) certification introduced on April 1, 2025, under a new Quality Control Order (QCO). While intended to ensure product quality and safety, the regulation has temporarily restricted imports from non-certified suppliers, leaving domestic manufacturers unable to bridge the gap.

Leading can producers Ball Beverage Packaging India and Can-Pack India have reached full production capacity and are unlikely to scale output for another 6 to 12 months as they expand their facilities. The bottleneck has already begun to affect breweries that rely heavily on canned formats for both retail and export markets.

Industry executives have appealed to the government for a limited relaxation in BIS compliance to allow certified international suppliers to ship cans into India until local capacity stabilizes. They warn that continued shortages could disrupt production, slow category growth, and affect availability during the upcoming festive and tourist seasons—key demand drivers for the sector.

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Bira 91’s Ankur Jain Reassures Employees Amid Fundraising Push, Calls Out “Inaccurate” Media Reports

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Bira 91 founder and CEO Ankur Jain addressed recent media coverage about the company’s fundraising efforts, reaffirming his commitment to employees and the company’s long-term stability. In a note to his team, Jain emphasized that his “singular focus” remains on completing the fundraise and protecting the interests of both Bira 91 and its employees.

He confirmed that the company is in active discussions with investors to secure the capital required to stabilize operations. “While there are still many bridges to cross, we are confident that we will be able to bring these efforts to a positive conclusion,” he said, adding that all stakeholders have been supportive of the company’s goals.

Jain also stressed that employees will be fully prioritized throughout the fundraising process. “No employee’s interest will be sacrificed as we succeed in our efforts,” he stated, highlighting that for over a decade, Bira 91 has ensured timely payroll even at the expense of other critical investments.

Addressing recent negative media reports, Jain called them “inaccurate, unsubstantiated, and driven by cynical objectives,” noting that the company’s focus remains on growth and employee welfare.

He concluded by expressing optimism about Bira 91’s future: “Despite this speed bump, I am optimistic that we will bring back Bira 91 on the growth highway.”

Founded in 2015, Bira 91 has grown into one of India’s leading craft beer brands, known for its youthful identity and innovative products. The upcoming fundraise is expected to mark the company’s next phase of expansion.

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DSG Consumer Partners Joins Hands with Lighthouse Funds to Take Hunger Inc.’s Bombay Sweet Shop Nationwide

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DSG Consumer Partners has announced its collaboration with the team behind Bombay Sweet Shop, reinforcing its commitment to partnering with visionary founders in the Indian F&B space.

Deepak Shahdadpuri, Managing Director of DSG Consumer Partners, shared his long-standing association with Yash Bhanage, Sameer Seth, and the late Chef Floyd Cardoz, the founding trio behind The Bombay Canteen and O Pedro. Having been an early supporter and even customer number one at The Bombay Canteen, Shahdadpuri expressed admiration for how Yash and Sameer have quietly built a portfolio of beloved Indian dining concepts over the last decade.

Bombay Sweet Shop, their latest venture under the Hunger Inc. umbrella, opened its first outlet in Byculla in February 2020. The brand aims to present a premium, indulgent, and modern interpretation of mithai, blending nostalgia with innovation. Leading the creative charge is Chef Girish Nayak, who reimagines traditional Indian sweets with contemporary flair.

Within Hunger Inc., Chef Hussain Shahzad continues to oversee kitchens at The Bombay Canteen, O Pedro Mumbai, Veronica’s, and Papa’s.

The partnership also brings in Lighthouse Funds, co-founded by Mukund Krishnaswami, Sean Sovak, and Sachin Bhartiya. Shahdadpuri noted that he and Mukund had discussed collaborating for over a decade, and the new partnership marks the realization of that long-standing goal.

With shared values in premium consumer experiences and a passion for celebrating India’s culinary heritage, DSG Consumer Partners and Lighthouse Funds are poised to help Bombay Sweet Shop scale its unique vision for Indian mithai.

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H&M Launches Beauty Line in India to Compete With Lakme, L’Oréal, Nykaa, and Tira

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Swedish fashion retailer H&M is widening its Indian portfolio beyond clothing and home décor, making a bold debut in the country’s fast-growing beauty and personal care market. The entry positions H&M directly against established names such as Lakme, L’Oréal, Nykaa, and Reliance’s Tira, as the global brand looks to tap into India’s expanding mass-affluent consumer base.

A decade after launching its first fashion outlet in India, H&M will now introduce its in-house beauty line across its physical stores and online platform. The private-label collection includes makeup, perfumes, and beauty tools designed to align with the brand’s trend-led fashion sensibility.

Cathrine Wigzell, Global General Manager of H&M Beauty, told The Times of India that the new line represents a natural extension of the brand’s fashion offering. “We bring a trend-driven, inclusive assortment that allows customers to create a complete look from head to toe. Our strong presence in fashion gives us credibility and trust in this new category,” she said.

H&M’s pricing strategy underscores its focus on accessibility, with most makeup products priced under ₹799 and perfumes starting at ₹1,299. This puts the brand in the same bracket as Lakme and L’Oréal, while also rivaling private-label lines from digital-first platforms like Nykaa and Tira.

A significant share of the H&M Beauty portfolio is being manufactured locally, though select products will continue to be sourced globally to maintain quality consistency.

The move comes as India’s beauty and personal care market is projected to reach $34 billion by 2028, according to industry estimates. For H&M, the expansion marks more than just a diversification — it’s an attempt to transform its fashion authority into a lifestyle brand that delivers a complete style experience for India’s young, aspirational shoppers.

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Alec’s Ice Cream Nets $11M Funding Round to Redefine Clean-Label Ice Cream Market

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Alec’s Ice Cream, the California-based brand known for its A2 dairy and regenerative ingredient sourcing, has raised $11 million in a Series A funding round, marking a major step in the rapidly expanding A2 dairy category.

The round was led by Imaginary Ventures, a consumer-focused investment firm whose portfolio includes buzzy brands like Glossier, Cann, BÉIS, and Cerebelly. Several existing and new investors also participated, underscoring growing investor confidence in sustainable and clean-label dairy alternatives.

Founded in 2020 by Alec Jaffe, the company has carved a niche in the premium dessert market by using A2 dairy — milk containing only the A2 beta-casein protein, which is believed to be easier to digest than conventional milk. The brand also emphasizes regenerative farming practices, sourcing from farms committed to restoring soil health and reducing environmental impact.

Alec’s Ice Cream is currently available at major U.S. retailers including Whole Foods Market, Target, Sprouts Farmers Market, and Wegmans, with a growing presence in independent natural food stores nationwide. The company said the fresh funding will help expand production capacity, strengthen retail distribution, and accelerate product innovation across new flavors and formats.

Founder and CEO Alec Jaffe said the funding validates consumer demand for cleaner, more sustainable ice cream options. “We started Alec’s Ice Cream to prove that indulgence and sustainability can coexist,” he noted, adding that the company’s growth reflects a shift toward transparency in dairy sourcing.

The A2 dairy segment has witnessed a sharp rise in demand, with consumers increasingly seeking dairy that is both natural and easier to digest. Alec’s Ice Cream’s expansion comes at a time when the category is gaining mainstream traction, positioning the brand as one of the frontrunners shaping the future of responsible indulgence in the U.S. ice cream market.

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Fastest.Health Raises ₹1.2 Crore from Inflection Point Ventures to Build India’s Quick Diagnostics Network

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Mumbai-based healthtech startup Fastest.Health has raised Rs 1.2 crore in a pre-seed funding round led by Inflection Point Ventures (IPV), one of India’s leading angel investment networks. The funding will support the company’s plans to scale marketing operations, enhance technology infrastructure, strengthen its sales network, and hire key talent to streamline nationwide expansion.

Founded by industry professionals with deep expertise across diagnostics, logistics, ecommerce, and healthcare, Fastest.Health’s leadership team includes CEO Jayesh Kamat, CBO Sandeep Krishna, COO Mazhar Faruqi, CMO Dr. Santosh Wakchaure, and CTO Mohit Lala. The company currently operates across Navi Mumbai and Mumbai suburbs, with plans to enter additional cities in the coming months to meet India’s rising demand for faster and more reliable diagnostic services.

Fastest.Health operates on a “quick service diagnostics” (QSD) model, providing doorstep sample collection within 15 minutes and digital report delivery within 90 minutes for most routine tests. All samples are processed through NABL-accredited partner laboratories, ensuring both speed and accuracy.

“Our goal is to redefine diagnostics delivery in India,” said co-founder and CBO, Sandeep Krishna. “We’re building the country’s first true quick-commerce diagnostics network, where speed meets reliability. When someone needs medical testing, we want to be the first responder that delivers care when it’s most crucial.”

Commenting on the investment, IPV founder Vinay Bansal said, “The post-pandemic healthcare ecosystem prioritizes not just precision but also speed and accessibility. Fastest.Health reflects this shift by making diagnostics both efficient and credible. Early and timely reporting can directly influence treatment outcomes, and this model eliminates critical delays.”

According to industry estimates, India’s diagnostics market was valued at $14 billion in 2023 and is expected to reach nearly $20 billion by 2026, presenting a significant growth opportunity for tech-enabled healthcare players like Fastest.Health.

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Prosus Acquires 10.1% Stake in Ixigo for $146 Million to Boost Travel Tech Growth in India

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Dutch investment giant Prosus has announced plans to acquire a 10.1% stake in Indian online travel company Ixigo for ₹12.96 billion ($146 million), underscoring its growing commitment to India’s booming digital economy.

Ixigo, officially known as Le Travenues Technology Ltd, said the funds will be raised through a preferential share issue to Prosus at ₹280 per share, representing a 10.5% discount to its previous closing price. Despite the discount, the stock held firm in early trading, reversing an initial dip to end about 1% higher at ₹310.

According to Ixigo’s statement, about 25% of the investment—roughly ₹3.24 billion—will be directed toward technology and growth, including the development of new AI-based platforms aimed at improving travel planning, personalization, and predictive booking. The company will also channel funds into expanding its hotels segment, a key revenue diversification strategy, as well as advertising, branding, and future acquisitions to strengthen its market footprint.

The transaction reflects Prosus’ long-term faith in India’s tech-driven consumer market. The Dutch investor, known for backing category leaders such as Swiggy and PayU, has built one of the largest foreign investment portfolios in the country, valued at over $6.5 billion.

Industry observers say Prosus’ entry into Ixigo comes at a time when India’s online travel sector is rebounding strongly, driven by rising domestic air traffic and hotel occupancy. Ixigo, which competes with MakeMyTrip and EaseMyTrip, has been steadily expanding its share among budget-conscious travelers by leveraging AI tools to simplify trip planning and bookings.

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FITPASS partners with Amazon India to launch subscription-based fitness services nationwide

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Fitness technology startup FITPASS has partnered with Amazon India to introduce a subscription-based fitness and wellness service on the e-commerce giant’s platform, marking Amazon’s first entry into the services segment in the country. The partnership aims to bring affordable, accessible fitness to millions of Indians through Amazon’s marketplace, which reaches over 300 million users.

Through this collaboration, Amazon customers will gain direct access to FITPASS’ digital wellness ecosystem, which covers gym memberships, AI-driven fitness coaching, personalized nutrition planning, at-home workout content, and online medical consultations. The integration is expected to help FITPASS accelerate its reach beyond metro cities and strengthen its footprint across tier-2 and tier-3 markets.

“This collaboration is more than just a partnership—it’s a signal of how India’s digital economy is maturing,” said Akshay Verma, Co-founder of FITPASS. “Amazon’s first move into subscription services shows confidence in the country’s evolving consumption pattern, especially among young, health-conscious users.”

India’s wellness market is currently expanding rapidly, driven by increasing disposable income and a growing emphasis on preventive health. FITPASS aims to tap into this demand by targeting 500 cities by 2026 and scaling to 10,000 fitness centres across the country by the end of this fiscal year.

The company is also broadening its D2C presence with STOGA, a home fitness equipment brand, which reportedly records around 250 daily orders, and plans to launch a nutrition-focused line in the coming months.

Verma noted that the Amazon partnership will also help FITPASS gain deeper consumer insights to shape future offerings in adjacent categories like nutrition, home wellness, and digital health. “Our goal is to make fitness inclusive, convenient, and sustainable for everyone,” he said.

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Goa’s Rhea Distilleries Introduces Eco-Friendly Feni in Recyclable Paper Bottle

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Goa-based Rhea Distilleries has taken a major step toward sustainability by introducing Fidalgo Premium Cashew Feni in India’s first fully recyclable paper bottle. The initiative, in collaboration with UK-based sustainable packaging company Frugalpac, marks a milestone for the Indian beverage industry as it begins transitioning away from conventional glass packaging.

Announced during UK Prime Minister Sir Keir Starmer’s trade visit to India on October 9, the launch highlights deepening UK-India cooperation in green innovation and manufacturing. The bottle, made from 94 percent recycled paperboard with a food-grade liner, weighs about one-fifth of a typical glass bottle and has a carbon footprint nearly six times lower. The design allows both components—the paper shell and liner—to be easily separated and recycled through existing waste systems.

Rhea Distilleries Director Regan Henriques said the shift is about blending heritage with sustainability. “Feni represents Goa’s cultural identity. With this initiative, we’re making it relevant to today’s eco-conscious consumer. We’re proud to be the first Indian alcohol brand to use paper packaging,” he said.

Initially, Fidalgo Feni in the Frugal Bottle will be available in select Goan markets, with plans to expand distribution across India in 2026. The move is expected to encourage wider adoption of eco-friendly packaging within the country’s fast-growing spirits and beverage sector.

The project is supported by a three-way partnership between Frugalpac, ITC’s Packaging and Printing Business, and Rhea Distilleries. Malcolm Waugh, CEO of Frugalpac, described the launch as a “pivotal moment” for India’s packaging industry, while ITC’s Packaging and Printing CEO Cherian Kenneth Thomas emphasized the collaboration’s potential to drive scalable green manufacturing.

British Trade Commissioner for South Asia Harjinder Kang called the initiative a reflection of the growing synergy between UK and Indian businesses in driving sustainability-led growth.

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ET Restaurants & Nightlife Awards 2025 Honour Over 100 Winners in India’s Hospitality Industry

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The fourth edition of The Economic Times Hospitality World Restaurants & Nightlife Awards 2025 took place on October 8 at The Leela Ambience, Gurugram, bringing together the country’s most celebrated chefs, restaurateurs, and hospitality leaders under one roof. The evening recognised the best in India’s food and beverage sector across more than 100 categories, spanning design, sustainability, innovation, culinary excellence, and customer experience.

Part of ET The FoodXP Summit 2025, the awards have grown to become one of the most respected platforms celebrating India’s rapidly evolving dining culture. This year’s edition honoured not just legacy restaurants and established brands, but also new and disruptive entrants shaping the modern Indian dining experience.

The winners were chosen through a rigorous evaluation process led by a distinguished jury featuring some of the biggest names in Indian gastronomy and hospitality. Among them were Sanjeev Kapoor, Ranveer Brar, Manish Mehrotra, Riyaaz Amlani, Aditi Dugar, Chef Regi Mathew, Sonal Holland, Dilip Puri, Anjan Chatterjee, and Sabyasachi Gorai. The panel also included industry leaders such as Chef Vineet Manocha, Chef Vikas Seth, Vikrant Batra, Chef Abhijit Saha, Vikram Achanta, Pawan Shahri, and Anurag Katriar.

From timeless institutions to rising culinary entrepreneurs, the 2025 winners reflected the diversity and innovation defining India’s food and beverage landscape. The event spotlighted restaurants and bars that have elevated not just the dining experience but also redefined service standards, local sourcing practices, and the art of hospitality.

With the Indian food scene growing at an unprecedented pace, The Economic Times Restaurants & Nightlife Awards 2025 reaffirmed its role as the definitive benchmark for culinary excellence in the country.

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