Subscribe to our Newsletter!
Stay updated on the latest news, trends, and top startups in India's food industry with Snackfax's daily newsletter!
Subscribe to our Newsletter!
Latest news
Colgate-Palmolive’s CEO Noel Wallace bullish on India, expects rural demand surge and strong growth in oral care market
Noel Wallace, the Chairman and CEO of Colgate-Palmolive, is bullish and excited about India, anticipating a demand recovery in rural markets."In India, we will...
Private equity firm Brynwood Partners explores strategic sale of Hometown Food Company
The private equity firm, which holds ownership of Hometown Food Company, is currently exploring the potential sale of the renowned producer of Pillsbury's shelf-stable...
Tupperware celebrates milestone with the opening of 200th retail store in Bengaluru, reinforcing its stronghold in the organized retail space
Tupperware, the homeware brand, announced the opening of its 200th retail store in Bengaluru, as shared by a company representative on social media this...
Shein investors offer shares at 30% discount amid dwindling IPO prospects
As per a Bloomberg report, Shein investors are trying to divest shares in private market transactions, with valuations for the online fashion giant dropping...
Meesho fastest growing e-commerce player; GMV tops $5 Billion: Alliance Bernstein Report
According to a recent report by Alliance Bernstein, the current Gross Merchandise Value (GMV) of Meesho, a value-driven e-commerce startup, is over USD 5...
Karthik Gurumurthy secures $3 Million funding led by Matrix Partners India for innovative fresh produce retail venture ‘Convenio’
Karthik Gurumurthy, the visionary behind the successful growth of Swiggy Instamart from its inception in 2020 to an impressive valuation of nearly $1 billion,...
Apparel retailers revamp inventory management strategies to counter unsold merchandise and minimize obsolescence impact
Apparel retailers are implementing a new approach to manage unsold inventory, primarily driven by product obsolescence. In an effort to mitigate risks and align...
Flipkart nears profitability amidst cost reduction measures and fintech expansion
Flipkart, the e-commerce giant led by Walmart, is approaching profitability, according to Kalyan Krishnamurthy, the group chief executive. Despite operating at a loss, Krishnamurthy...
India’s consumer market sees contrasting trends: Premium brands soar as mass-market products struggle to keep pace
Hindustan Unilever and United Spirits collectively showcase a juxtaposition that appears to underscore the prevailing purchasing patterns in India's consumer market. While premium brands...
Wingreens Farms reports 50% surge in FY23 revenue, but net loss doubles to INR 180 Crore
Wingreens Farms, a packaged foods brand, saw its net loss nearly double to INR 180 crore in the last financial year, up from INR...
Alcobrew Distilleries targets INR 850 Crore revenue in FY24 with expansion into single malt whisky, gin, and vodka
Gurugram-based Alcobrew Distilleries is set to enhance its premium product lineup, unveiling plans to introduce single malt whiskey, gin, and vodka in the near...