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Anushka Sharma-backed Slurrp Farm secures $7.2 Million in new funding round, sets sights on aggressive expansion

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Slurrp Farm

Slurrp Farm, a children-focused snacking and meal brand, has secured INR 59.9 crore ($7.2 million) in a recent funding round from a mix of new and existing investors. This investment marks a significant milestone for the Gurugram-based startup, as it breaks a nearly two-year hiatus from fundraising activities.

According to documents obtained from the Registrar of Companies, the board of Wholsum Food Private Limited, the parent company of Slurrp Farm, has approved a special resolution to issue 3,13,691 Series C preference shares. These shares will be offered at an issue price of INR 1,909 each, aiming to raise INR 59.9 crore.

Current backers Fireside Venture and Raed Capital infused INR 12.4 crore and INR 5.48 crore, respectively, in the funding round, whereas newcomers Alkemi Ventures and Madhurima International each added INR 17.5 crore. Sharrp Ventures, the investment office representing the Harsh Mariwala family, also joined the funding with a contribution of INR 7 crore.

The newly acquired investment will be utilized to enhance the long-term financial resources of the company, as indicated in the filing.

After this funding round, Fireside Ventures is set to possess 20.72% of the company, while Madhurima International, Sharrp Ventures, and Alkemi Ventures will have ownership stakes of 3.43%, 1.37%, and 3.43%, respectively.

As per the estimates from the startup data intelligence platform TheKredible, the company’s valuation post-allotment stands at approximately INR 510 crore or $62 million. In February 2022, Slurrp Farm secured $7 million in a Series B round led by the Investment Corporation of Dubai. Subsequent to this funding round, Bollywood actress Anushka Sharma became an investor and the brand ambassador for Slurrp Farm’s flagship brand.

Established in 2016, the company specializes in crafting snacks and meals for young children, with a focus on millet-based offerings. Its diverse portfolio encompasses more than 25 products, featuring items such as porridges, cereals, puffed snacks tailored for children, millet pancakes, millet dosa, cake mixes, and various others.

Continue Exploring: Wholsum Foods expands its success with Millé: A new brand focused on millet-based health foods

Slurrp Farm’s Financial Performance in FY23:

The parent company of Slurrp Farm witnessed a revenue surge of over 2X, reaching INR 40 crore in FY23, in contrast to INR 19.15 crore in FY22. However, the company’s losses also experienced a 1.7X increase, totaling INR 32.20 crore during the same period.

The company has established an objective to achieve INR 500 crore in revenue within the next few years and strives to expand its presence to 40,000 stores. This marks a substantial 20-fold increase from its current presence in 2,000 stores.

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Plant-based kids’ fashion brand Kidbea secures $1 Million in Pre-series A funding led by Venture Catalysts

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Kidbea - Cofounders

Noida-based Kidbea, an innovative bamboo-based kids’ fashion brand, has secured $1 million in a Pre-series A funding round led by the early-stage investment firm Venture Catalysts.

The funding round also saw participation from Agility Ventures, BestVantage Investments, and notable industry figures including Sandeep Agarwal and Upasana Agarwal, co-founders of Droom, as well as Ashok Bahadur and HiroMizushima, a well-known celebrity actor in Japan.

Established in 2021 by Swapnil Srivastav, Mohammad Hussain, and Aman Kumar Mahto, Kidbea is dedicated to crafting children’s apparel using bamboo plant-based materials known for their skin-friendly and comfortable attributes.

The funding secured will be deployed to strengthen marketing and branding efforts, enlarge the team, and improve operational efficiency. Additionally, a significant portion of the funds will be earmarked for research and development as well as technology to sustain a prominent position in the dynamically evolving children’s fashion industry.

Kidbea offers a diverse product lineup with more than 250 Stock Keeping Units (SKUs), encompassing kids’ rompers, bodysuits, reusable cloth diapers, soft toys, and accessories. Currently available on leading online platforms and stocked in over 30 affiliated stores within premium children’s hospitals, the brand has successfully extended its global presence to encompass the UAE, Bahrain, and Australia.

Mohammad Hussain, Co-founder of Kidbea, expressed, “The funding signifies a major milestone in our journey to turn Kidbea into a INR 500 crore brand within the next 3 years. This funding provides us with the means to improve our sustainable offerings, extend our global presence, and persist in redefining children’s fashion.”

Dr. Apoorva Ranjan Sharma, Co-founder and Managing Director of Venture Catalysts, highlighted the potential in the children’s apparel and accessories market, stating, “Choosing to invest in Kidbea was an obvious decision for us. With India’s daily birth rate exceeding 67,000 children, there is a substantial opportunity for Kidbea to target the market across both metropolitan areas and small towns, driven by the increasing awareness among new parents regarding sustainable and eco-friendly clothing.”

Kidbea’s Vision: INR 500 Crore Brand in 3 Years

With the ambition to reach a valuation of INR 500 crore within the next three years, Kidbea has reported a remarkable 8X increase in revenue during FY-23. This growth underscores the brand’s increasing popularity in the expanding kidswear market, estimated at USD 16.4 billion. Kidbea’s commitment to sustainability and quality, coupled with the strategic utilization of its recent funding, positions the company to strengthen its position as a leading force in the global children’s fashion industry.

Continue Exploring: Clothing brand UNIREC secures INR 1.5 Crore in seed funding led by BeyondSeed

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Walmart-owned Flipkart initiates annual job cuts, targets 5-7% workforce reduction by April

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Flipkart
Flipkart

Walmart-owned Flipkart has initiated a workforce reduction program that may result in a reduction of five to seven percent in its overall staff, as reported by The Economic Times (ET). This action aligns with the company’s annual performance-driven job cuts, a practice that has been implemented for the last two years. The completion of this process is anticipated by March-April, aligning with the ongoing performance evaluations and the conclusion of the current fiscal year.

The e-commerce behemoth, boasting a workforce of 22,000 employees (excluding Myntra), has been proactively controlling expenditures, which includes a freeze on new hires in the past year. Concurrently, the company is in the process of concluding a $1 billion financing round from Walmart and other investors.

Flipkart Focuses on Resource Optimization:

The downsizing of the workforce is in line with Flipkart’s emphasis on optimizing resources across both its established and newly launched ventures. The company is slated to deliberate on and formalize the restructuring strategies along with the roadmap for 2024 during an imminent meeting of senior executives scheduled for the next month.

Although there is a reduction in the workforce, there are currently no indications of reconsidering the decision to defer Flipkart’s public offering until 2024. Initially contemplating an IPO launch in 2022-23, Flipkart chose to postpone those plans.

Flipkart achieved a 42% increase in operating revenue, amounting to INR 14,845 crore by the conclusion of December in the current financial year (FY23). As per information obtained from the business intelligence platform Tofler, Flipkart’s overall loss reduced by nine percent to INR 4,026 crore. Total expenses saw a 26% rise to INR 19,043 crore, with a notable portion dedicated to logistics, employee benefits, and advertising expenditures.

Continue Exploring: Flipkart’s B2C division nears INR 15,000 Cr in sales for FY23, registers reduced net loss of INR 4,026 Cr

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Assam declares January 22 as ‘dry day’ to honor Ram Mandir consecration ceremony in Ayodhya

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Liquor
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On January 22, 2024, Assam will mark a ‘dry day’ to commemorate the consecration ceremony of the Ram Mandir in Ayodhya.

The Assam government announced this as a gesture of reverence for the important religious occasion.

Tourism Minister Jayanta Malla Baruah announced the decision after a cabinet meeting led by Chief Minister Himanta Biswa Sarma.

The ‘dry day’ signifies that the sale of alcohol will be prohibited throughout the state on this day.

The consecration ceremony is a momentous occasion for devotees, and it is expected to draw the attention of numerous dignitaries, including Prime Minister Narendra Modi. The state of Chhattisgarh has also declared January 22 as a ‘dry day,’ reflecting the widespread reverence for the event.

Continue Exploring: Chhattisgarh declares January 22 as ‘dry day’ to mark Ram temple consecration

Situated in Ayodhya, the temple itself is an architectural marvel, boasting dimensions of 360 feet in length, 235 feet in width, and 161 feet in height. The construction is undertaken by Larsen & Toubro, generously providing their services free of cost.

‘Dry Day’ Symbolism for Ram Mandir:

The Assam government’s decision to declare a ‘dry day’ is part of a broader set of measures taken by various states to commemorate the inauguration of the Ram Mandir, which stands as a symbol of cultural and spiritual significance.

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Govt launches INR 576 Crore aquaculture plan to transform northern states into sustainable shrimp farming hubs

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Shrimp

The Union government is actively formulating a INR 576 crore aquaculture plan in four northern states. The objective is to establish a hub for shrimp farming dedicated to both export and domestic consumption. This initiative involves harnessing land unsuitable for conventional crop cultivation, as revealed by two officials familiar with the matter.

Over the past year, officials and scientists from the department of fisheries and the Central Institute of Brackishwater Aquaculture examined thousands of hectares of saline wasteland unsuitable for crops in 25 districts of Uttar Pradesh, Rajasthan, Haryana, and Punjab. One anonymous source revealed that they identified clusters in these regions where shrimp aquaculture could prove to be productive.

The researchers discovered that the productivity of cultivated crustaceans, or the output per hectare, in Haryana is comparable to the global average, ranging around 6-7 tonnes. This finding positions Haryana as a potential significant hub for shrimp farming, considering that the majority of shrimp farming currently takes place in the coastal states of the country.

India has received backing for its shrimp farming endeavors from international organizations such as the World Bank, Food and Agriculture Organization, and Asian Development Bank. The nation stands as one of the leading exporters of cultured shrimp. Recent industry reports indicate that the Indian seafood sector is poised for rapid expansion, facilitated by the approval of the Coastal Aquaculture Authority (Amendment) Bill 2023 by both houses of Parliament. As of 2022, India holds the position of the second-largest aquaculture shrimp producer, with a production of 900,000 tonnes, trailing behind Ecuador.

Eco-Friendly Shrimp Hubs in Northern India:

On a global scale, shrimp farming is recognized for its significant freshwater consumption, typically operated by large corporations and associated with ecological harm. The highly mechanized shrimp industry often overlooks the importance of local employment and tends to relocate when faced with stringent regulations. Environmental activists refer to this phenomenon as the “hamburger connection,” wherein Central American rainforests are cleared to facilitate shrimp cultivation, ultimately supplying shrimp for use in burgers.

“The difference with the shrimp hubs in these states will that they will be eco-friendly, using technologies such as biofloc and will come up only on unproductive wasteland,” said Sagar Mehra, joint secretary in the fisheries department.

The shrimp clusters have the objective of creating 50,000 jobs within the local community, encompassing direct employment as well as positions in ancillary activities like warehousing and cold storages. A state-of-the-art aqua park in Bhiwani, funded with INR 100 crore, is slated to function as a training center, as mentioned by a second official who preferred to remain anonymous.

Each kilogram of farmed shrimp results in the production of around 15,000 liters of effluent, often carrying toxic residues. This untreated mixture is commonly released into the groundwater, causing the contamination of drinking water in local communities.

The shrimp hubs in northern India will employ biofloc technology developed by the Central Institute of Brackishwater Aquaculture. This technology will handle excreta and other wastes on-site, converting them into feed for the crustaceans.

The Pradhan Mantri Mudra Yojana, with a funding distribution of 60:40 between the Centre and states, seeks to establish aquaculture assets capable of generating 5.5 million livelihoods nationwide by 2025. Through this micro-credit scheme, funds will be provided to support new shrimp farmers.

The selected districts for the project comprise Rohtak, Fatehabad, and Gurugram in Haryana, along with Mathura, Agra, and Hathras in Uttar Pradesh. Additionally, the chosen districts include Fazilka, Muktsar, and Mansa in Punjab, as well as Ganganagar and Churu in Rajasthan.

“The key to this project’s success will be to ensure there is handholding from start to finish and export avenues and remunerative prices are ensured through market linkages,” said CV Balakrishna, a former marine consultant with the FAO.

The first official mentioned that agreements are anticipated to be signed with the Marine Products Export Development Authority for exports.

Continue Exploring: Andhra Pradesh’s Srikakulam district emerges as a global hub for shrimp exports, generating INR 10,000 Crore annually

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IPO-bound Unicommerce reports INR 6.3 Cr PAT in H1 FY24, matching full FY23 earnings

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Unicommerce
Unicommerce

Snapdeal-owned SaaS startup Unicommerce, which submitted its draft red herring prospectus (DRHP) on Saturday, reported a profit for the first six months of FY24 that nearly matched its entire profit for FY23.

In the first half of FY24, Unicommerce recorded a net profit of INR 6.3 Cr. Comparatively, during FY23, the startup’s net profit exhibited an 8% growth, reaching INR 6.4 Cr, up from INR 6 Cr in the preceding fiscal year.

Unicommerce’s operating revenue reached INR 51 Cr in H1 FY24. Reflecting substantial growth, the startup’s operating revenue in FY23 surged by 52% to INR 90 Cr from INR 59 Cr in FY22.

Acquired by Snapdeal in 2015, Unicommerce offers a suite of SaaS products that it asserts allows enterprises and small and medium businesses (SMBs) to efficiently handle their entire post-purchase ecommerce operations journey.

Inclusive of additional revenue streams, Unicommerce disclosed a total income of INR 54 Crores for the six-month period concluding in September 2023.

In the first six months of FY24, the startup reported a total expenditure of INR 45.5 Crores. In FY23, overall expenses surged by 55%, reaching INR 84.1 Crores from INR 54.4 Crores in FY22.

Unicommerce Employee Costs and Expenditure Trends:

As a SaaS startup, Unicommerce primarily allocates a significant portion of its expenditures to employee costs. In the first half of FY24, the startup’s employee costs amounted to INR 34.5 Crores. Throughout FY23, Unicommerce witnessed a 47% rise in employee benefit expenses, reaching INR 62 Crores compared to INR 42.3 Crores in FY22.

The startup incurred a server cost of INR 2.4 Crores in the first half of FY24. This amount had reached INR 5.4 Crores in FY23 and INR 3.28 Crores in FY22.

The year 2024 is shaping up to be an active period for investors in startup IPOs, with Unicommerce emerging as the fifth Indian startup, following Ola Electric, FirstCry, Awfis, and MobiKwik, to file a DRHP in the last three weeks.

Continue Exploring: Snapdeal-backed Unicommerce files DRHP for IPO, existing investors set to sell up to 2.98 Cr shares

The SoftBank-backed startup’s IPO will solely feature an offer for the sale of existing shares, without any issuance of fresh shares. According to the DRHP, investors associated with the startup are aiming to sell up to 2.98 Crore shares during the IPO.

SoftBank, holding a 29.23% stake in the startup, is set to divest the largest share quantity in the IPO, amounting to 1.6 Crore shares. AceVector Limited, the promoter and parent entity of Snapdeal, intends to sell up to 1.14 Crore shares of Unicommerce. Presently, AceVector holds a 38.18% stake in Unicommerce.

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Indian footwear industry set for exponential growth, projected to reach $90 Billion by 2030: GTRI Report

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footwear
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The Indian footwear industry could experience a substantial increase, reaching a market size of USD 90 billion by 2030—more than three times its current valuation of USD 26 billion. This growth is contingent upon the implementation of various measures, such as banning shoe imports, providing fiscal incentives, establishing additional design centers, and encouraging Taiwanese contract manufacturers to establish a presence in the country, according to a report by the Global Trade Research Initiative (GTRI) released on Sunday.

“This growth will be characterized by two main changes – a significant increase in the demand for non-leather footwear (like sports shoes, running shoes, casual wear, and sneakers) in India, rising from 25 per cent to 75 per cent of the market share by 2030; and a shift in leather shoe production from small-scale, cottage industries to large corporates,” it said.

Strategic Steps for Footwear Sector:

The report proposes eight actions for the sector, emphasizing that the technology used in shoe manufacturing is rudimentary compared to electronics or semiconductor production. It suggests that India should encourage local production by both domestic firms and multinational corporations (MNCs) while advocating for a halt in the importation of finished shoes.

“Today many brands sell make in China or Vietnam shoes in India. Few others do part manufacturing In India and import the premium shoes. India should support firms to make shoes locally by removing policy and logistics impediments,” it said.

The recommendation includes proposing the implementation of the Production-Linked Incentive (PLI) scheme for essential inputs required in the production of premium shoes. This is crucial because India currently lacks the production capability for key inputs such as outsole molds, glue, ethylene vinyl acetate (EVA) granules, and thermoplastic polyurethane (TPU) films.

At present, critical materials are imported by manufacturers, leading to a surge in production costs by 30-40 percent. Consequently, the majority of brands are compelled to import premium shoes from China and Vietnam.

“PLI-supported local production of critical inputs will help in making premium quality light and strong shoes locally. The government should also consider exempting leather shoes from QCO (quality co-tool order) application,” the report prepared by GTRI Co-Founder Ajay Srivastava said.

Additionally, the report recommended that the government levy a 35 percent customs duty on footwear imports priced below USD 3 per pair. It further proposed establishing a minimum import price of USD 5 per pair as a safeguard measure to protect the domestic industry.

Around 25 per cent of shoe imports in India are priced at less than USD 3 per pair.

It added that leather shoes face no quality issues and are not imported in large values and this is evident from the fact that they currently make up 81.7 per cent of India’s footwear exports with most exports going to the quality-conscious markets of the EU and the USA.

“QCO should primarily apply to non-leather shoes that constitute 77 per cent of India’s USD 900 million footwear imports. India is lagging in the non-leather shoe sector in terms of quality and relies on imported inputs,” the report noted.

Further it said that the footwear manufacturing industry is dominated by Taiwanese contract manufacturers that make shoe brands like Nike, Adidas, and Puma.

“India must attempt to attract more Taiwanese contract manufacturers to ensure operations by global brands,” it said, adding sites like Uttar Pradesh and Haryana can become a major hub of the sector after Tamil Nadu.

Taiwanese firms, such as Feng Tay, Hong Fu, Dean Shoes, Oasis Footwear, Sports Gear, and Zucca, are planning to set up operations in India and states like Haryana, Uttar Pradesh, Andhra Pradesh, Telangana, and Karnataka need to assign high importance to footwear manufacturing investments in their investment promotion outreach, it said.

Current Footwear Industry Landscape:

India is the second-largest global producer of footwear after China, accounting for 13 per cent of global footwear production and 2.2 per cent of global exports. India is the 9th largest global footwear exporter.

China, with exports of USD 62 billion tops the chart. It is followed by Vietnam (USD 22 billion), Italy (USD 15.2 billion), Germany (USD 10.3 billion), Indonesia (USD 7.4 billion), France (USD 5.7 billion), the Netherlands (USD 4.6 billion), Spain (USD 3.4 billion) and India (USD 3 billion).

There are two main types of footwear: leather (formal shoes) and non-leather (casual and sports). Non-leather footwear is a larger category globally, accounting for 70 per cent of world trade.

India has a smaller presence in this category, with non-leather shoes making up only 19.3 per cent of its footwear exports. In contrast, China has a majority 79.7 per cent share.

Historically, Indian footwear manufacturers excelled at manufacturing and exporting leather shoes in clusters like Agra, and Chennai.

Leather footwear accounts for 81.7 per cent of India’s footwear exports, showcasing its strength in producing high-quality leather shoes. India is seen as a sourcing destination for leather shoes by brands in the EU, the US, the UK, and Japan.

A majority of India’s shoe exports, 78 per cent, go to the EU, the US, the UK, and Japan. These shoes are valued highly, with the unit price per pair ranging from USD 15 to USD 23.

Continue Exploring: Luxury footwear industry in India faces challenges amid BIS certification issues

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Indusfood 2024 kicks off: 1,200 exhibitors set the stage for global food innovation

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Indusfood 2024

The seventh edition of Indusfood 2024, a three-day mega food show in Greater Noida, Uttar Pradesh, kicks off today with over 1,200 exhibitors and a participation of more than 7,500 global buyers. Commerce and Industry Minister Piyush Goyal is set to inaugurate the event, as announced by the Trade Promotion Council of India (TPCI).

Indusfood stands out as India’s exclusive trade fair for food and beverages with a focus on exports, presenting domestic products to an international audience of buyers.

This would act as a platform to Indian companies, global importers, retailers, and distribution chains to look for business opportunities and collaborations, it said.

Indusfood 2024: A Growing International Platform

Mohit Singla, Chairman, TPCI, said that the show “has scaled up tremendously, with around 1,200 plus exhibitors, over 7,500 global buyers. Over 120 exhibitors from around the world are also coming”.

Delegates from 90-plus countries are expected to visit this edition of the show.

The sectors which will present their products include sweets and confectionery, dairy, dry fruits, tea and coffee, spices, fresh fruits and vegetables, wine and alcoholic beverages, non-alcoholic beverages, organic and health food, oil and oil seeds.

Continue Exploring: From Burger Singh to Rage Coffee: Top 50 F&B Brands to Watch Out for in 2024 

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Major consumer goods companies overhaul distribution strategies to revitalize rural markets and boost sales amidst sluggish demand

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Consumer goods
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About a dozen major consumer goods companies, such as Hindustan Unilever, Marico, Parle, Nestle, and Dabur, are restructuring their distribution strategies as part of a broader plan to boost sales, particularly for slow-moving products. This effort is specifically targeted at revitalizing rural markets, which have been under pressure for more than a year. These companies are either modifying their distributor margin structures by incorporating higher variables linked to sales or offering incentives to kirana stores and general trade.

While the majority of distributors typically receive fixed margins ranging from 3-6%, regardless of sales, additional margins are usually tied to reaching specific sales targets. Following a pilot phase involving a reduction of fixed margins by 60-100 basis points to 3.3% and an increase in variable margins by over 100-150 basis points for almost a year, HUL implemented this revised structure across 110 major cities in October. HUL stated that the objective is to enhance overall service efficiency and provide distributors with greater earning potential.

“We are looking at commercial models to enhance the quality of service to general trade stores while giving our distributors an opportunity to earn healthy returns – a win-win. This distributor-inclusive model is designed to better serve the needs of kirana and other neighbourhood stores – the MSMEs,” said a spokesperson for HUL.

Parle has announced an increase in incentives for the trade and raised profit margins within the snacks category.

“We have slightly increased margins for snacking products and are giving incentives and offers if they meet targets. The idea is to push sales, at a time when we can afford to maintain profit even after increasing margins as inflation tapers off,” said Krishnarao Buddha, senior category head, marketing at Parle Products.

In its investor update, Marico noted that constraints on liquidity and profitability persist in the general trade (GT) channel, posing challenges for the sector.

“Towards the end of the quarter, we initiated significant steps towards improving the return on investment of our general channel partners and structurally re-igniting growth in the channel. This included a primary stock correction for our channel partners,” Marico said.

Distributor Challenges in the Consumer Goods Market:

However, distributors argue that altering the margin structure is challenging in a market with sluggish demand. Some contend that a higher variable margin model is viable only for rapidly selling categories, while for products with low demand, it becomes a loss-making proposition. Additionally, distributors mention that companies are now compensating for logistics costs when targets are achieved instead of making adjustments to the previous model.

Continue Exploring: After a challenging year, consumer goods sector sets sights on robust recovery in 2024

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10 spots to hit up for the best hot chocolate in Delhi

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Hot Chocolate

Delhi, India’s buzzing capital, is a culinary lover’s fantasy. The city has a rich history, a varied ethnic environment, and many delicious restaurants. As the chill of winter settles in, nothing is more comforting than sipping a mug of hot chocolate. In what follows, we’ll review the 10 best spots in Delhi to satiate your cravings for hot chocolate.

Paul – A French Delight: 

Paul, a magnificent French bakery that has made its way into the hearts of Delhiites, is the first stop on our tour when it comes to hot chocolate. A masterpiece in a cup, Paul’s hot chocolate combines rich cocoa with a velvety texture that will leave you craving more. Paul’s is known for its beautiful pastries, and for a good reason. 

Location: Ambience Mall, Vasant Kunj, New Delhi

Colocal – Hidden Gem: 

There is a secret treasure that qualifies for a spot on our list, and that is Colocal. The inviting atmosphere and the tempting aroma of cocoa urge you to come in, and their hot chocolate does not let you down throughout your visit. The hot chocolate offered by Colocal is a symphony of flavours that will thrill your taste buds. It is prepared with premium ingredients of the highest quality. 

Location: Khan Market, New Delhi

Ama Cafe – Quaint and Charming 

Ama Cafe is the ideal location for individuals who are looking for a place that conveys a romantic and loving environment. The lovely cup of hot chocolate that is served at this modest restaurant in Majnu Ka Tilla is the ideal complement to the mouthwatering dishes that are offered there. The hot chocolate served at Ama Cafe is a delicious dish that combines sweetness and warmth, and it is sure to leave you feeling delighted. 

Location: Majnu Ka Tila, New Delhi

Theos – Sinful Indulgence 

Where sinfully delicious treats rule supreme, Theos is the place to go to satisfy your desire to find something sweet. Additionally, Theos’s hot chocolate is a rich and delicious experience, much like the rest of the restaurant’s offerings. It doesn’t matter whether you’re in the mood for traditional hot chocolate or flavoured hot chocolate; Theos offers a selection that will satisfy your palette and taste buds. 

Location: Rajouri Garden, New Delhi

Nik Baker’s – Baking Bliss 

Nik Bakers is a popular choice among those who are enthusiastic about desserts because of the exquisite baked delicacies that it offers. Hot chocolate is one of the most loved items at their bakery Their hot chocolate is a delicious mix of quality cocoa and frothy bliss, producing a beverage that is so comfortable that you won’t be able to resist drinking it. 

Location: Green Park, New Delhi

Cafe Dori – Artisanal Excellence 

At Cafe Dori, where each and every cup of hot chocolate is a piece of art, you will be plunged into a world of artisanal and artistic brilliance. Connoisseurs who are looking for a refined experience should try Cafe Dori’s hot chocolate because of the careful selection of cocoa beans and the rigorous processing that goes into it. 

Location: The Dhan Mill, Chattarpur

Bread Talk – Global Flavors 

Bread Talk, which has a worldwide effect, adds a unique twist to the classic drink of hot chocolate. Bread Talk is a wonderful choice for anyone who has an interest in experimenting with different variations of this traditional beverage because of the combination of flavours and the skilled craftsmanship that goes into making it. 

Location: Select Citywalk Mall, Saket, New Delhi

The Chocolate Room – A Sweet Escape with Hot Chocolate

The Chocolate Room is a place where hot chocolate is more than simply a beverage; it is an experience. If you want to go on a sweet getaway, you should go there. This coffee shop is perfect for individuals who are craving sweets since it has a menu that is rather extensive and offers a variety of hot chocolate treats. 

Location: Vishal Enclave, New Delhi

Sardar Ji Baksh – Desi Delight 

Our journey through the world of hot chocolate comes to an end at Sardar Ji Baksh, a restaurant that offers this popular beverage a modern Indian touch. Their hot chocolate is a one-of-a-kind mix that is infused with Indian flavours and offers a pleasant warmth while paying respect to flavour profiles that are traditionally associated with India. 

Location: Civil Lines, New Delhi

Harmoni By Greens – Organic Elegance 

People who want a bit of organic flavour in their hot chocolate will find that Harmoni by the Greens is the place to call home. Their hot chocolate is a guilt-free indulgence that blends flavour with a touch of elegance, and they are committed to utilising organic ingredients of the highest quality throughout the production process. 

Location: Sector 23, Gurugram 

The hot chocolate culture in Delhi is very varied and pleasant, and it caters to every taste preference. A hot chocolate experience that is unlike any other can be found at these ten locations, regardless of whether you are a lover of traditional simplicity or desire the thrill of creative flavours. Therefore, travel on a tour through the winter paradise that is Delhi, and while you’re there, treat yourself to the greatest hot chocolate that the city has to offer.

Continue Exploring: Best Rooftop Cafes to Visit in 2024 in Delhi

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