Hindustan Coca-Cola Beverages to establish advanced beverage facility in Gujarat

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December 14, 2023

Hindustan Coca-Cola Beverages (HCCB), a prominent player in India’s soft drinks industry, has entered into a memorandum of understanding (MoU) with the Government of Gujarat to set up an advanced Juice and Aerated Beverages facility in Rajkot. The anticipated commencement of operations for the facility is in 2026.

Under this MoU, the Government of Gujarat has committed to providing extensive support to facilitate Hindustan Coca-Cola Beverages (HCCB) in securing all necessary permissions, registrations, approvals, and clearances within a time-bound framework, in accordance with the state’s policies and regulations. According to an official communication, the resulting investment is poised to establish a substantial industrial footprint, fostering significant economic and social growth in the region.

Himanshu Priyadarshi, Chief Public Affairs, Communications, and Sustainability Officer at HCCB, said, “This MoU is a milestone in our journey with Gujarat, which has been enriched with mutual growth and trust over the last 27 years. Our investment in Rajkot is a testament to our belief in Gujarat’s potential and our commitment to its people. It is not only about scaling our business operations but also about deepening our roots in a state that has been a key market and a source of inspiration for innovation.”

HCCB currently operates two facilities within the state – one situated in Goblej in the Kheda district and another in Sanand in the Ahmedabad district. With the implementation of this initiative, the company’s overall workforce in the state is projected to surpass 1,500 individuals. Additionally, HCCB maintains a network of approximately 285 distributors and serves over 224,000 retailers across Gujarat.

HCCB, in a statement, said, “This MoU with the Government of Gujarat is a reaffirmation of HCCB’s dedication to Gujarat and a reflection of the state government’s efforts in promoting industrial growth and community development. As Gujarat continues to attract major investments, this partnership with HCCB underscores the state’s position as a leading destination for business and social progress.”

HCCB caters to 2.5 million retailers, 3,500 distributors, and employs 6,000 individuals nationwide. Based in Bangalore, it operates from 16 factories strategically located throughout the country, extending its reach to 22 states, 3 Union Territories, and 376 districts in South, West, and Eastern India. The company offers a diverse portfolio of 60 products across seven categories. Among its well-known products are Coca-Cola, Thums Up, Sprite, Minute Maid, Maaza, SmartWater, Kinley, Limca, and Fanta.

Add Organic Food To Your Cart At These 5 Farmer’s Markets in Mumbai

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Aashi Goel

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December 14, 2023

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People today, are opting for fresh and non-GMO, pesticide free, chemical-free produce; and farmer’s markets are helping them do just that. Organic foods are more readily available in the market today, than ever before. To find out whether it is because of the way organic food is being marketed, or because of personal preference, is an entirely different story to tell; but regardless of the reason, it’s working, and it’s working for good.

With the market flooded with options, and marketing gimmicks calling you out on your face, it has become hard to trust one source over another. But when it comes to our health and well-being, it’s worth taking into consideration all the measures.

Some of these measures are being taken by individuals who are making sure that you and I have those organic options to choose from. Check out some of these organic farmer’s markets in Mumbai.

The Farmer’s Market, Bandra

When: 10am to 3pm (Every Sunday)

Where: D’Monte Park, Bandra West

They sell fresh, organically certified fruits and vegetables procured directly from organic farmers across Maharashtra. The initiative was taken by Kavita Mukhi, in an effort to promote healthy and energetic living, as well as the to support the rural communities of the state, by organising this fest-like market, with delicious organic brunches, live rural folk music, foot and shoulder massages and workshops for kids.

Malad Organic Farmer’s Market

When: Sunday, 10am to 2pm

Where: HyperCity, next to InOrbit Mall, Malad (West)

With the goal of doing away with middlemen and assisting small-scale farmers in receiving a fair price for their produce, HyperCITY is holding Malad’s Farmer’s Market in collaboration with the NGO SHARAN, with its motto “Something Fresh Every Day.” The market promotes sustainable living and holistic wellness. The fresh avocados and vegan-specific goods are their highlights. Activities including pottery classes, a terrace gardening workspace, live demonstrations, and live performances are also held at the market. The most interesting aspect of this market is the opportunity to engage with farmers and learn more about their agricultural methods and produce, all while enjoying the rich and varied flavors of fresh berries and delicious hibiscus juice.

Farmer’s Market, Vashi and Nariman Point

When: Every Sunday, 9am–3pm (Nariman Point) or 3pm–7pm (Vashi)

Where: Vidhan Bhavan, Mantralya, Nariman Point & Sector 4, Sacred Heart School, Vashi

One may savor a wide range of distinctive, local, fresh, and indigenous produce at this farmers’ market. The Maharashtra State Agriculture Produce Marketing Board established the market, which is based on the cooperation of tribal farmers from the Thane, Palghar, and Junnar areas as well as farmer cooperatives. Eliminating middlemen and enabling direct purchases from farmers is the primary goal in order to promote fair trade. The tribal farmers have more than forty stalls where they offer fresh products, including unusual and unusual veggies like fresh kidney beans, Moringa leaves, and mogri. While not always organic, the produce offered here is fresh because it is grown nearby and hasn’t traveled as far.

Versova’s Organic Farmer’s Market

When: Every Sunday, 10am-2pm

Where: Harkat Studios, Bungalow 75, Aram Nagar

Food is the main focus of Versova’s Organic Farmer’s Market. In addition to organic fresh fruits and veggies, this market also provides seasonal farm produce, vegan and gluten-free sweets and savory dishes, organic meat, metabolism-boosting beverages, herbal tea, and organic oil to its visitors. This market, tucked away in the green oasis of Aram Nagar, was started by Susan Diaz and Michaela Strobel of Harkat Studios with the goal of promoting fresh produce and organic goods from local farmers in Pune, Nasik, and Mumbai.

If you enjoyed reading this article, read more on the positive effects Organic Food can have on your Physical Health and Wellbeing

Organic Foods: The Unpopular Key To Elevating Your Cardiovascular Health

LehLah appoints actor Athiya Shetty as brand ambassador, launches exciting video campaign

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December 14, 2023

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Fashion-tech platform LehLah on Wednesday announced Bollywood actor and fashion icon Athiya Shetty as its new brand ambassador.

In an official statement, the platform announced the launch of its first video campaign featuring Athiya.

The LehLah app’s customized technology enables consumers to effortlessly shop directly from tagged products in the creator’s content with a single click. This eliminates the necessity of manually searching for links across multiple accounts and platforms, streamlining the shopping experience.

Commenting on the campaign launch, Ashna Ruia, founder of LehLah, said, “We are excited to launch our first-ever brand campaign featuring Athiya Shetty, who embraces and celebrates fashion to its fullest. Our campaign embodies LehLah’s commitment to transforming the online shopping experience for consumers. Through our offerings, we aim to seamlessly connect with our audience, bridging the gap between authentic creator recommendations and effortless shopping, creating a smooth journey from discovery to the ultimate purchase.”

Shetty said LehLah is a game-changer, bridging the gap between consumers and their favourite creators while eliminating the hassle of searching for product links from their recommendations. “I strongly believe this will reshape the social shopping landscape, and I encourage everyone to embrace unparalleled shopping convenience.”

Founded by Ashna Ruia in November 2022, LehLah is a consumer-centric fashion tech app. The platform aims to transform the shopping experience and enhance the discovery of new fashion trends for enthusiasts. LehLah empowers creators by allowing them to monetize their content, earning a commission for each sale generated through their posts.

LehLah has established partnerships with prominent fashion brands and marketplaces, including Shoppers Stop, Sugar Cosmetics, Westside, and Limese, among numerous others.

Good Glamm Group joins ONDC network, aims to boost revenue by 50%

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December 14, 2023

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The Good Glamm Group, a conglomerate encompassing content creation, commerce, and community, announced its participation as a direct seller in the government-backed Open Network for Digital Commerce (ONDC), according to a press release.

Through its integration with the ONDC Network, The Good Glamm Group seeks to boost its revenue potential by 50 percent and extend its reach to 100 percent more consumers.

Sukhleen Aneja, CEO, Good Brands Co., Good Glamm Group said, “We look forward to leveraging the ONDC Network’s capabilities to enhance our digital reach and provide an exceptional shopping experience to our customers.”

The objective is to establish numerous consumer touchpoints through groundbreaking innovations, while also advancing the expansion of its brand division. This division encompasses The Good Brand Co’s portfolio of brands, including MyGlamm, St.Botanica, Organic Harvest, Sirona Hygiene, and The Moms Co.

Participating in this ecosystem enables D2C brands to leverage a cohesive digital network, connecting them to a wider consumer audience and granting access to state-of-the-art digital and technological resources, as stated in the release.

T Koshy, MD and CEO at ONDC said, “As ONDC Network aims to create a transparent ecommerce ecosystem creating equal opportunities for all, we are happy to see the Good Glamm Group get on board. The Good Glamm Group can now reach a wider customer base nationwide, while offering expanded choices for buyers on the Network.”

China’s e-commerce giant JD.com faces internal criticism, founder Richard Liu promises revamp

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December 14, 2023

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The founder of JD.com addressed the concerns raised by the staff, acknowledging that the e-commerce giant had become excessively large and inefficient. In response to the staff’s complaints about platform issues amid heightened competition, he pledged to implement changes.

Richard Liu shared these remarks during an internal staff forum in response to a post made by an employee, as reported by local media. A source familiar with the situation confirmed the accuracy of his comments to Reuters on Tuesday.

Over the weekend, an anonymous staff member published a thousand-word article criticizing JD for its excessively complex promotion mechanism and the haphazard implementation of its low-price strategy. In response, Liu acknowledged the identified problems and attributed them to his “poor management.”

“The current organisation is huge, bloated and inefficient, and it does take time to change it,” Liu said in his comment, urging staff to join him in changing the company together.

“This is a routine exchange, and it demonstrates our management’s confidence, as well as the entire team’s collaboration, in addressing problems and overcoming challenges,” a JD spokesperson said on Tuesday.

His post surfaces just two weeks after Alibaba co-founder Jack Ma responded in a similar fashion to an employee’s post on Alibaba’s intranet, urging the company to “reform for tomorrow and the day after tomorrow” in light of escalating competition, as confirmed by a source acquainted with the situation.

Alibaba did not respond to an inquiry seeking comments regarding Jack Ma’s post.

JD.com and its competitor Alibaba have traditionally held the top positions among China’s e-commerce firms. However, this year, they have faced growing competition from lower-priced contenders such as PDD Holding’s Pinduoduo and ByteDance’s Douyin. The heightened competition arises as cautious consumers, confronted with macroeconomic challenges in China, become more frugal and cautious with their spending.

JD.com, which has unveiled a strategy centered around providing low prices to attract customers, has witnessed a 50% decline in its share price this year. In contrast, PDD Holdings has experienced a 75% increase in its shares during the same period.

Alibaba Group, currently undergoing its most significant restructuring in its 24-year history, has witnessed a 70% decrease in the value of its shares since the commencement of a regulatory crackdown in late 2020.

Motisons Jewellers sets IPO price band at INR 52-55, aiming to generate INR 151 Crore

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December 14, 2023

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Motisons Jewellers has set a price band of INR 52-55 for its IPO, with the subscription period opening on December 18 and closing on December 20.

At the higher limit of the price band, the company aims to generate INR 151 crore. Investors have the option to bid for a minimum of 250 shares in one lot, with the opportunity to bid in multiples thereafter.

The IPO constitutes an entirely new equity offering of 2.71 crore shares.

Approximately 50% of the allocation is earmarked for qualified institutional buyers, 35% for retail investors, and the remaining 15% for non-institutional investors.

The funds generated from the offering will be allocated as follows: INR 58 crore for debt repayment, INR 71 crore for meeting the company’s working capital needs, and a portion will also be earmarked for general corporate purposes.

In October of this year, the retail jeweller based in Jaipur secured INR 33 crore in its pre-IPO funding round.

Motisons Jewellers operates as a hyperlocal jewellery retail chain in Jaipur, boasting four showrooms, including a flagship location. The company predominantly acquires finished jewellery from various third-party suppliers throughout India, specializing in the sale of gold, diamond, kundan, and other types of jewellery.

The product lineup encompasses more than 300,000 jewellery designs, featuring a diverse selection of gold, diamond, and various other jewellery products available at different price points.

In the quarter concluding in June, the company recorded a revenue of INR 86.7 crore and a profit of INR 5.47 crore. For the fiscal year 2023, its revenue from operations witnessed a 16% year-on-year (YoY) increase, reaching INR 366 crore, with profits surging by 51% to INR 22.19 crore.

Holani Consultants serves as the exclusive book-running lead manager for the offering, while Link Intime India Private Limited is the appointed registrar.

The IPO share allotment is scheduled for December 21, and the anticipated listing date is December 26.

Radisson Hotel Group expands Gujarat footprint with opening of Uday Palace Navsari

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December 14, 2023

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Radisson Hotel Group on Wednesday unveiled the opening of Uday Palace Navsari, a distinguished member of Radisson Individuals in Gujarat.

The palace is situated just an hour away from Surat Airport and a convenient 20-minute drive from Navsari Railway Station.

“Combining palace-style architecture and modern amenities, the hotel features 100 comfortable and spacious rooms that are adorned with French windows with jharoka-style frames, offering city and garden views, and an abundance of natural daylight,” said the Radisson Individuals.

According to Radisson, guests have the option to choose from various categories, such as standard rooms, superior rooms, junior suites, and executive suites.

“Uday Palace Navsari has always been envisioned as a beacon of opulence, sophistication, and unparalleled hospitality. We are thrilled to collaborate with Radisson Hotel Group and become a part of Radisson Individuals brand, a partnership that aligns perfectly with our commitment to delivering extraordinary experiences,” said Rajesh Shantilal Shah, Managing Director, Belly Welly Resort.

“This opening marks an exciting step forward in bringing one-of-a- kind, experience-focused brands to Gujarat. The hotel is near heritage sites, and historic landmarks and to the city’s developing landscape, a veritable hub where culture and community meet,” said Vikram Singh Chauhan, CEO and founder, NILE Hospitality.

“The location enhances the appeal of our offering, creating an inviting space for locals and visitors to experience the Southern part of Gujarat like never before,” he added.

Myntra hits 60 Million monthly users, 75 Million new app users milestone amidst festive season boom

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December 14, 2023

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During the festive season, Myntra, an online fashion retailer under the Walmart umbrella, achieved an all-time high with 60 million monthly active users. Fueled by an expanding customer base, specialized offerings for Generation Z, and a strong collection of international fashion and beauty brands, the platform strengthened its presence in both premium and mass premium segments, outpacing market growth.

Empowered by a technology-driven interface and an extensive selection of 2,300,000 styles, the platform welcomed 75 million new app users in 2023, while its dedicated customer base experienced a remarkable 100 percent year-over-year growth over the past 18 months. The Gen Z fashion category observed an impressive 2.25 times year-over-year increase in demand on the platform, with a substantial 175 percent year-over-year growth in customer numbers within the Gen Z segment.

“We’ve added the highest number of new users and new customers this year, whilst doubling our loyal customer base,” said Sunder Balasubramanian, CMO, Myntra.

Over the past three years, the company’s beauty portfolio has expanded by more than four times, featuring a collection of over 1,500 brands and 90,000 SKUs (stock-keeping units). In the latest quarter, Myntra achieved a substantial 70 percent year-over-year growth in the Direct-to-Consumer (D2C) category.

The platform relies significantly on technology to enhance and customize the shopping experience for users in the realms of fashion and beauty. Myntra Minis, a short-form video content feature modeled after the reels format, has garnered 1 million daily views, underscoring its growing popularity. Additionally, Myntra utilizes AI and other cutting-edge technologies to address challenges related to product discovery on the platform.

Continue Exploring: Myntra unveils AI-powered chatbot Maya for enhanced shopping experience

India’s e-retail market set for remarkable growth, projected to cross USD 160 Billion by 2028

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December 14, 2023

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E-retail in India is poised for remarkable growth, as indicated by a recent report from Bain & Company in collaboration with Flipkart. The forecast suggests that by 2028, the e-retail market is anticipated to surge beyond the USD 160 billion (over INR 13 lakh crore) mark. In the intermediate term, specifically in 2023, the e-retail sector is projected to range between USD 57 billion and USD 60 billion (INR 4.75 lakh crore to 5 lakh crore). This growth is underpinned by a substantial annual shopper base of around 240 million, showcasing an annual addition of USD 8-12 billion since the year 2020.

“Long-term fundamentals of India’s e-retail industry, including affordable data, improved logistics and fintech infrastructure and strong digital consumer ecosystems remain intact,” Bain’s Innovation & Design Capability Area, Partner and Global Leader, Arpan Sheth said in a statement.

“The market is expected to rebound to 23-25 per cent growth levels, surging beyond USD 160 billion by 2028,” the statement said.

The e-retail market is set for expansion in the upcoming years. Presently, online spending constitutes only 5-6 percent of the total retail spending in India, in stark contrast to the United States, where it accounts for 23-24 percent, and China, where it stands at 35 percent. This stark difference indicates significant potential for growth in the Indian e-retail sector.

As outlined in the report, the predominant share of India’s retail expenditure, ranging from 94 to 95 percent, remains offline. Within this context, general trade constitutes a substantial 87 percent of the overall retail spending.

“As GDP per capita continues to increase, especially beyond USD 4,000, it is expected to drive a sharp rise in online spending, as spend per shopper on discretionary products increases,” the report said.

Currently, the per capita income in the country stands at approximately USD 2,600.

The report estimates that over 60 per cent internet users are not shopping online. “The seller ecosystem in India is also expanding rapidly, with twice as many sellers added in 2022 compared to the previous year. Around two-thirds of these new sellers came from Tier 2 and smaller cities,” the report said.

The report indicated that over 50% of the entire seller base originates from seven cities, namely Delhi-NCR, Surat, Jaipur, Mumbai, Bengaluru, Hyderabad, and Kolkata.

In India, the e-retail sector is experiencing the rise of novel business models aimed at addressing consumer needs. These encompass quick-commerce (Q-commerce) platforms, hyper-value commerce, inspiration-led commerce (live commerce), and fast fashion.

“Over the past year, Q-commerce orders have doubled, accounting for 40-50 per cent of India’s e-grocery spend,” Bain & Company, Partner and leading member of the Consumer Products & Retail practice, Shyam Unnikrishnan said.

The hyper-value sector’s share of overall e-retail grew five times between 2020 and 2022 in India, the report said.

Nestle CEO dismisses impact of weight-loss drugs on company’s growth

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December 14, 2023

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Nestle SA CEO Mark Schneider downplayed the impact of GLP-1 weight-loss drugs on the world’s largest food company, emphasizing the company’s focus on expanding its range of products with reduced calorie content.

In a Bloomberg TV interview, Nestle CEO Mark Schneider revealed that currently, 50% of the company’s revenue comes from coffee, pet care, and vitamins, compared to 30% seven years ago. These sectors are anticipated to demonstrate greater resilience, especially as individuals using weight-loss drugs curtail snacking and decrease meal sizes.

“It’s not so much a threat,” he said. “It’s a full-blown vindication of the strategy that we’ve been pursuing very patiently over the years.”

The producer of Lean Cuisine meals has been divesting from less lucrative ventures while acquiring those with higher growth potential. Schneider mentioned engaging in deals totaling “50 billion” and opting out of an additional 50 billion, without specifying the currency. He anticipates the company’s vitamins, minerals, and supplements business to experience growth in the mid- to high-single digits.

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Farmer’s Market, Vashi and Nariman Point

Versova’s Organic Farmer’s Market