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Post-pandemic resurgence: India’s food services sector thrives with M&A, investments, and IPOs as younger consumers drive growth
After a pause of over two years due to the pandemic, the food services sector is abuzz with mergers and acquisitions (M&A) as well...
Former Swiggy executive Kedar Gokhale launches agritech venture ‘Orbit Farming’ targeting mid-sized Indian farmers
Kedar Gokhale, the former vice president of operations at Swiggy, has announced the launch of his new agritech venture, Orbit Farming.With this move, Gokhale...
Dairy tech startup Stellapps in advanced talks for $20 Million Series C funding, eyes expansion and IPO in next 3-4 years
Stellapps, a Bengaluru-based dairy tech startup, is in advanced discussions to secure around $20 million in its Series C funding round.Nearly 70% of the...
Dabur announces INR 135 Crore investment for new greenfield facility in South India
Consumer goods manufacturer Dabur announced on Wednesday its plans to establish a new manufacturing unit in south India, with a slated investment of INR...
PharmEasy hits INR 6,000 Cr in sales in FY23, records notable growth despite INR 5,211 Cr net loss
PharmEasy, the Mumbai-based ePharmacy startup, marked a significant milestone as its operating revenue surpassed the INR 6,000 Crore mark in the financial year concluding...
Havmor unveils new ‘Havefunn’ ice cream parlour in Nadiad, Gujarat, adding sweet bliss to the state’s taste buds
Ice cream brand Havmor has opened its ice cream parlour, Havefunn, in Nadiad, Gujarat, according to a statement released by the company on Tuesday.This...
Adani Wilmar’s Q3 profit slides 18% YoY to INR 201 Crore; revenue witnesses a 17% decline
On Wednesday, Adani Wilmar, the FMCG division of the Adani Group, reported an 18% decrease in its profit for the December quarter on a...
ISMA projects a 10% drop in India’s gross sugar output to 330.5 Lakh Tonnes for 2023-24 marketing year
The Indian Sugar Mills' Association (ISMA) has projected a 10% decrease in India's gross sugar production for the current marketing year, ending in September....
Vegan and keto diets elicit innate and adaptive immune responses, altering gut microbiome: NIH Study
According to the latest research, shifting to a vegan diet can activate responses related to innate immunity, the immune system one is born with....
Dabur India’s Q3 profit rises 6.2% to INR 506.44 Cr, records 7% revenue growth at INR 3,255.06 Cr
Dabur India Ltd, a prominent homegrown FMCG company, announced a 6.24% rise in its consolidated net profit, reaching INR 506.44 crore for the third...
Jubilant Foodworks records 18.2% decline in net profit at INR 65.70 Crore for Q3 FY24
Jubilant Foodworks Limited, the company behind popular fast-food brands Domino's Pizza and Dunkin' Donuts, reported a decrease of 18.2% in its consolidated net profit...
Lotte Wellfood to Invest INR 200 Crore in new manufacturing unit in Haryana, eyeing expansion and premium brand positioning
Lotte Wellfood, a Korea-based FMCG company, has announced its plan to set up a new manufacturing unit in Haryana for the production of Lotte...