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Biryani at the top spot, again: Swiggy’s yearly report shed light on India’s food choices!

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Biryani

Swiggy, the food delivery platform, has unveiled its yearly summary report, providing valuable insights into the preferences and choices of India’s orders throughout the year. Biryani maintained its position as India’s preferred dish, securing the top spot as the most-ordered item on Swiggy for the eighth consecutive year.

In 2023, India recorded an impressive rate of 2.5 biryani orders per second, with Hyderabad emerging as the leading city in biryani consumption. Notably, every sixth order for the dish originated from Hyderabad, surpassing other cities in biryani preferences.

During the World Cup 2023 finals on November 19, India placed an order for 188 pizzas every minute.

The report also pointed out that user accounts in Chennai, Delhi, and Hyderabad led in placing orders, each having placed over 10,000 orders. The highest expenditure, in terms of value, came from a Mumbai user who spent INR 42.3 lakh on food.

During Durga Puja, Gulab Jamuns outpaced Rasgullas, securing over 7.7 million orders. As for the entirety of the nine-day Navaratri celebration, Masala Dosa consistently held its position as the most favored item in vegetarian orders.

The report highlighted that Bangalore claimed the title of the Cake capital of the country, with a staggering 8.5 million orders specifically for chocolate cake.

The report also provided data for Swiggy Instamart, its quick commerce vertical. The top-searched item on the platform was milk, followed by curd and onions.

“If you put all those who ordered from Swiggy Instamart’s top five cities in a country, it would be the 17th most populated in the world — Welcome to Insta-pur!,” it said.

The single highest order, valued at INR 31,748, was placed by a user in Chennai and included coffee, juice, cookies, nachos, and chips.

The biggest order, in terms of volume, was made by a user from Jaipur who placed 67 orders on Swiggy Instamart in a single day. As for the quickest delivery, Swiggy Instamart set a record in Delhi by delivering a packet of instant noodles in just 65 seconds.

The report emphasized that users of Swiggy Dineout witnessed savings amounting to INR 300 crore.

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DrinkPrime sets sights on 1 Lakh+ subscribers with new production facility in Hyderabad

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DrinkPrime

DrinkPrime, a trailblazing provider of IoT-enabled, customized water purifiers on subscription, marked a milestone on Wednesday with the inauguration of a cutting-edge production facility in Hyderabad. This strategic expansion underscores the company’s unwavering commitment to the city and its overarching vision of making clean, safe, and healthy drinking water easily accessible to all.

Hyderabad’s burgeoning demand and remarkable growth have triggered the imperative for a dedicated manufacturing facility. With an impressive 60% surge in growth in Hyderabad this year alone, DrinkPrime has achieved a remarkable 4x increase in its subscriber base over the past two years. The establishment of a dedicated facility in Hyderabad is strategically aimed at optimizing operations, ensuring efficient service, and eliminating logistical hurdles. This streamlined approach translates into faster delivery times, offering DrinkPrime subscribers in Hyderabad a more convenient and enhanced experience.

The continuous evolution of the city provides an opportune moment for the brand to extend its footprint in Hyderabad. The city’s revitalization initiatives, combined with its growing population and flourishing business environment, position Hyderabad as an optimal landscape for sustained expansion. DrinkPrime holds a strong belief that investing in the future of Hyderabad equates to an investment in the company’s ongoing success.

Vijender Reddy Muthyala, Co-Founder & CEO of DrinkPrime, also highlighted the brand’s deep-rooted connection with Hyderabad. “Being from Hyderabad myself, I have a special affinity for the city. It’s where DrinkPrime’s journey began in 2016 with our incubation at T-Hub. This new facility is just the beginning of our ambitious expansion plans. We’re aiming to reach 1 lakh households in Hyderabad within the next year, and we’re committed to making that happen by growing our team, enhancing our manufacturing capabilities, and scaling up our operations to meet the ever-growing demand for clean drinking water.”

Manas Ranjan Hota, Co-Founder & COO of DrinkPrime, expressed his gratitude to the city. “Hyderabad has shown us immense love and support, fueling our growth in terms of both subscriptions and sales. The love and support we’ve received here have been the lifeblood of our success. This new facility is our way of expressing our deepest appreciation for ensuring that every single resident of Hyderabad has access to the safe and healthy drinking water they deserve. We also plan to increase our presence in the city to cater to 100+ pin codes in Hyderabad.”

The ultimate goal in Hyderabad is to provide complimentary water purifiers to disadvantaged families and promote sustainable water management practices for a more promising future for the city. Currently, as a component of the #DonatewithDrinkPrime initiative, the brand is dedicated to supplying safe drinking water to more than 750 students in government schools.

DrinkPrime goes beyond mere business pursuits, extending its dedication to the core of Hyderabad through diverse initiatives. The establishment of this cutting-edge production facility serves as evidence of DrinkPrime’s mission-oriented approach. It signifies a commitment to progress, creativity, and societal accountability.

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Milk Mantra falls short in FY23, records INR 12.3 Cr loss despite growing revenues

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Milk Mantra

Bhubaneswar-based dairy tech startup Milk Mantra faced a financial setback in the fiscal year ending on March 31, 2023. Despite registering profits in two consecutive years, the Eight Road Ventures-backed company reported a net loss of INR 12.3 Cr in FY23. This marked a notable reversal from the INR 13.6 Cr net profit recorded in FY22, with the stagnation of its operating revenue cited as the primary factor for the downturn.

Founded in 2009 by Srikumar Misra and Rashima Misra, Milk Mantra began operations in 2012. The startup offers products under two brands – Milky Moo and Moo Shake, featuring a range of items such as packaged milk, curd, paneer, lassi, mishti dahi, and flavored milkshakes.

Experiencing a modest increase of 2%, its operating revenue reached INR 272.9 Cr in FY23, compared to INR 267.1 Cr in the preceding fiscal year. This marginal growth suggests that the company is encountering challenges in expanding its business.

The primary source of revenue for Milk Mantra came from the sale of pasteurized milk. Nevertheless, revenue from milk sales experienced a 4.6% decline, decreasing to INR 162.5 Cr in FY23 from INR 170.5 Cr in the previous fiscal year.

During the year in review, sales of curd witnessed a marginal uptick, reaching INR 59.5 Cr, compared to INR 53 Cr in the previous fiscal year.

Cottage Cheese & Lassi proved to be lucrative for Milk Mantra, yielding INR 33 crore, reflecting a 17% growth compared to the INR 28.2 crore in FY22.

Taking into account additional revenue streams, the startup’s overall income experienced a 2.2% increase, reaching INR 277.1 crore in FY23, up from INR 271.1 crore in the preceding fiscal year.

The startup witnessed a 13% surge in its overall expenditure, reaching INR 289.4 crore in FY23, compared to INR 256.6 crore in the preceding fiscal year.

The largest chunk of expenditure for Milk Mantra in FY23 was allocated to procurement, totaling INR 220.8 crore. This marked a 14% rise from the INR 193.8 crore spent in FY22.

In FY23, the startup allocated INR 14.9 crore for the transportation of its products, indicating a 16% increase from the INR 12.9 crore spent in the preceding fiscal year. It’s important to emphasize that special arrangements are necessary for transporting dairy products due to their perishable nature, contributing to the associated costs.

Milk Mantra’s employee costs remained constant at INR 18.6 crore in FY23. These costs encompass various employee benefits such as salaries, provident fund contributions, and gratuity payments, among others.

It operates dairy processing facilities in Gop, Konark, Hatibari, and Sambalpur in Odisha. As part of its “Ethical Milk Sourcing Programme,” Milk Mantra has introduced bulk milk coolers in villages, facilitating engagement with over 75,000 dairy farmers in Odisha and neighboring states.

With support from notable investors such as Eight Roads Venture, US International Development Finance Corp, and Aavishkar Venture Capital, Milk Mantra has secured a cumulative funding of $39 million to date. The company faces competition from startups like Country Delight, Stellapps, and Happy Milk, while also contending with established dairy giants like Amul and Mother Dairy.

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Fresh off its $35m funding, Bengaluru-based Third Wave Coffee lays off 10% of staff

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Third Wave Coffee

Less than three months after securing a $35 million funding round, Bengaluru-based Third Wave Coffee, a quick-service restaurant (QSR) chain, has undertaken a restructuring process resulting in the termination of approximately 10% of its workforce.

The layoff process began earlier this week, impacting almost all departments within the company, as sources revealed. Over 80 employees lost their jobs in this exercise.

Additionally, the startup has not cleared the dues of some of its vendors for quite some time, as reported by sources.

Third Wave Coffee officially acknowledged the layoffs in a statement. “TWC post a strategic review has decided on a one-time restructuring exercise to consolidate our teams, impacting less than 10% of the organisation. As an organisation we are in a strong position post the recent fundraise. We will continue to scale and build TWC as India’s most loved coffee brand.”

However, the startup did not address queries on pending vendor payments nor did it share details about the severance package being offered to the impacted employees.

Third Wave Coffee also refrained from revealing the count of its employees before the restructuring exercise. However, according to information available on LinkedIn, the company has approximately 580 employees.

In September, the startup secured $35 million in a Series C funding round led by Creagis. Existing investors, such as WestBridge Capital and Udaan co-founder Sujeet Kumar, also participated in the funding round.

Continue Exploring: Third Wave Coffee raises $35 Million in Series C funding round led by Creaegis, plans to enhance cafe experience and expand technology innovation

According to media reports, the startup secured funding at a valuation of $150 million.

Back then, the startup announced its plans to use the fresh capital to double down on technology and product innovation to enhance the cafe experience across the country.

Established in 2017 by Ayush Bathwal, Anirudh Sharma, and Sushant Goel, the startup presently runs more than 100 stores nationwide. Additionally, it markets coffee products through its official website and various e-commerce platforms.

In FY22, the startup experienced a loss of INR 14.6 Crores, marking a 230% surge compared to the preceding fiscal year. Meanwhile, the total revenue witnessed a substantial increase of 177%, reaching INR 32 Crores.

Third Wave Coffee competes with the likes of Slay Coffee, Blue Tokai, Starbucks, among others.

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Explore these 4 Farmer’s Markets in Delhi for Organic Food

Farmer's Market Delhi

Urban Indians are becoming more concerned about eating healthily as information about food tainted with fertilisers and chemicals is constantly being made public. The organic farmer’s markets in Delhi are more than just places to shop; they are vibrant, living environments that promote healthy living and are alive with the air of fresh food and the ethos of ethical buying.

These marketplaces guarantee a decent quality of life for us as well as for farmers by giving them a fair share price for their goods, doing away with middlemen and promoting organic farming.

Delhi has its own year-round farmer’s markets and is not far behind in this organic project. Additionally, these marketplaces provide more than simply freshly picked fruits and vegetables. Through many of their events, which are organized by farmers, environmentalists, and fitness professionals from throughout the nation, they also promote a sustainable lifestyle.

Read more about the benefits of eating Organic Foods.

The Earth Collective, Sunder Nursery

Organic Market Delhi

Every Saturday and Sunday, Sunder Nursery hosts a farmer’s market that features both new and old vendors, so be sure to check them out each time you visit. About 45 stalls filled with local clothing brands, accessories, and home décor are available, in addition to a variety of food and homegrown skincare products.

Fresh farm produce, groceries, jams and preserves, drinks, body and home care products, terracotta cookware, composting, natural fertilisers, pesticides, and anything else needed to create a sustainable, natural lifestyle are all available at this market.

Timings: 9am-2pm, Saturday and Sunday

Entry Tickets: Priced at 35rs per person (at Sunder Nursery, Delhi)

2. Delhi Organic Farmer’s Market

Delhi Organic Farmers Marker

This market, which is run by eco-aware individuals, allows organic farmers and primary producers to offer their goods. Some farmers travel all the way from Rajasthan to become part of the market. The market is also known to host festive foods (don’t forget to check out their unique Christmas cakes this season). Pearl millet, beans, pulses, fresh fruits, and—wait for it—gourmet cheese make up some of the other organic treats.

Where: Poolside, The Park Hotel, 15 Parliament Street, Connaught Place, Delhi
Timings: 9am-12pm, Sunday

3. Handpicked

Handpicked Organic Market Delhi Farmer's Market

It is your one-stop farmer’s market for superior and rich organic items. A wide variety of foods are available, including lush green vegetables, pulpy fruits, dairy products, organic jams, pickles, different breads, herbs, and spices. Their very own in-house breakfast offers a delicious selection of organically prepared foods, including pizzas, paranthas, salads, sandwiches, eggs, and more, making it the perfect spot to get a nutritious lunch while shopping. Additionally, the market promotes one-on-one conversations with experts about topics around sustainability, as well as hosts open stage performances for anyone who’d like to sing songs, or recite in the winter sun.

Where: Horizon, DLF 5
Timings: 11am-5pm, Saturday

4. Farmae Organic & Natural Market

Farmae Farmer's Market Delhi

This is a consciously curated organic and natural market, promoting sustainable brands that care about personal and planet health. Along with a large assortment of food grown nearby, it also sells artisan goods including cheese, bread, and candies. Families, foodies, and those looking to live a more natural and sustainable lifestyle will find Farmae Organic & Natural Market to be a terrific destination because of its warm and inviting ambiance.

Where: Community Center, Asian Games Village Complex, Siri Fort

Timings: Sunday, 8 AM – 2 PM

Remember: Every conscious decision you make at these farmer’s markets makes a tiny but significant difference in your health, the health of your community, and the environment. Let your exploration of Delhi’s organic hotspots serve as a step toward a sustainable and nourished future !

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Burger Singh secures Pre-Series B funding, plans rapid expansion with express kiosks

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Burger Singh
Kabir Jeet Singh, Founder & CEO of Burger Singh

Burger Singh, the homegrown quick-service restaurant chain, announced on Thursday that it has secured pre-Series B funding in a round led by trading company Turner Morrison Ltd. This funding round also witnessed active participation from Homage Ventures LLP – Office of Aditya Ghosh.

Existing investors, including Ashvin Chadha from Anicut Capital, Vikramaditya Mohan Thapar from Thapar Family Trust, Mumbai Angels, and LetsVentures, were also part of the round.

Although Burger Singh did not disclose the specific amount of funding secured, it asserted that the round resulted in a valuation boost to $52 million (approximately INR 433 crore), up from its previous valuation of $23 million in July 2022.

In its Series A funding round held in July last year, the burger chain raised INR 30 crore, with Negen Capital leading the investment.

Burger Singh plans to roll out 15 ‘Burger Singh Express’ kiosks in the next 60 days at various metro stations in Delhi-NCR, with the aim of expanding into high-traffic areas like universities, malls, hospitals, and airports.

Measuring 100 sq ft, these kiosks are touted as highly adaptable and cost-effective by the startup, as they do not necessitate water drainage or other utilities aside from an electrical connection.

“Our expansion is not just about scaling up; it’s about innovating and evolving in the QSR space. The ‘Burger Singh Express’ model is a crucial part of this vision,” Burger Singh founder Kabir Jeet Singh said.

He mentioned that the kiosks mitigate the risks associated with location and high rental costs, enabling franchisees to achieve a quicker return on their investment.

Established in 2014, Burger Singh boasts a presence with more than 150 outlets across over 65 cities, encompassing locations such as Delhi-NCR, Lucknow, Jaipur, and Dehradun. Positioned as the third-largest burger chain in India, this startup competes in the quick-service restaurant (QSR) sector alongside renowned brands like Burger King, McDonald’s, Subway, Domino’s, and KFC.

As per analysis, the size of the Indian Food and Beverage (F&B) market was $11 billion in 2022, and it is projected to achieve a 25% Compound Annual Growth Rate (CAGR) to reach $68 billion by 2030. Consequently, investors are making substantial investments in this sector, and numerous startups within the space have secured funding in recent periods.

Earlier this year, Good Flippin’ Burgers secured $4 million in its Series A funding round from Tanglin Venture Partners. The funds are earmarked for geographical expansion, strengthening its supply chain, and refining its dining and quick-service models.

Furthermore, Third Wave Coffee, a Quick Service Restaurant (QSR) chain, obtained $35 million in a Series C funding round led by private equity firm Creaegis. The funding will be directed towards enhancing technology and product innovation to provide an enhanced cafe experience throughout the country.

Continue Exploring: Third Wave Coffee raises $35 Million in Series C funding round led by Creaegis, plans to enhance cafe experience and expand technology innovation

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Taco Bell launches Mexican-inspired frozen coffees and shakes in California

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Taco Bell

Taco Bell, the American fast-food restaurant chain, is set to experiment with its latest range of frozen coffees and shakes for a limited time in California.

Drawing inspiration from Mexican flavors, Coffee Chillers and Churro Chillers will undergo testing as exclusive menu items in two Californian cities starting December 15, 2023.

Coffee Chillers will be offered at the company store located on Santa Margarita Parkway in Mission Viejo, while Churro Chillers will be available at the Barranca Parkway store in Irvine.

Presented in a 16oz cup, Coffee Chillers will feature an infused flavor, filled with blended iced coffee, and topped with a layer of cold foam. The available flavors for Coffee Chillers include Mexican Chocolate, Caramel Churro, and Spiced Vanilla.

The Churro Chiller, too, will come in a 16oz cup with an infused flavor. It will be filled with a blended sweet shake, complemented by cold foam, and adorned with churro crumbles as toppings. The available flavors for the Churro Chiller include Mexican Chocolate, Dulce de Leche Coffee, Wild Strawberry, and Sweet Vanilla.

The restaurant brand will also introduce a Sweet Vanilla Churro Chiller featuring a distinctive purple hue.

Taco Bell US chief marketing officer Taylor Montgomery stated, “We’re always pushing the boundaries to deliver the bold and crave-able Mexican-inspired flavours our fans have come to expect from us, and these frozen drinks showcase how far our innovation goes.

“We are constantly listening to what our fans are craving next and we are thrilled to offer them a frozen creation that’s just as delicious and desirable as their favourite menu item.”

In early December 2023, Taco Bell brought back its Double Decker Taco for the holiday season, offering this special treat for a limited time at all of its stores across the country.

The Double Decker Taco comes with exclusive digital deals for a limited time.

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Shearer’s Foods set for new ownership as CD&R ink acquisition deal

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Shearer’s Foods

Shearer’s Foods is poised for a change in ownership as local investor Clayton Dubilier & Rice (CD&R) steps in to become the new owner of the US snacks business.

CD&R has reached an agreement to acquire Shearer’s from the Ontario Teachers’ Pension Plan (OTPP) fund for an undisclosed amount. Initial reports had suggested that the buy-out deal for Shearer’s could potentially be valued at $3 billion.

In August, initial indications surfaced that the Ontario Teachers’ Pension Plan (OTPP) was considering the possibility of selling Shearer’s, a private-label snack maker and co-manufacturer based in Ohio.

Confirming a deal had been struck yesterday (13 December), John Compton, CD&R operating partner and a former CEO of PepsiCo North America, said, “We have deep admiration and respect for Shearer’s, a leading business that shares our core values in a sector and operating model we know and understand well.”

CD&R partner JL Zrebiec added, “We have strong conviction in the differentiated manufacturing capabilities and category management the company provides and our goal is to support the team in further scaling operations and capturing the many opportunities ahead to better serve Shearer’s customers.”

Shearer’s CEO Mark McNeil said, “As Shearer’s enters a new phase of growth, we are excited to be joined by a team with the experience, expertise and resources to support our mission of producing high-quality, innovative and delicious snacks that we are proud to serve to our families, friends, customers and retailers.”

In addition to manufacturing private-label snacks and cookies, Shearer’s Foods, established in the early 1900s, engages in the co-manufacturing of a diverse range of products such as crisps, tortillas, popcorn, and pork rinds. The company is also involved in the production of organic, gluten-free, and non-GMO kosher salty snacks, featuring items like kettle-cooked potato crisps, cheese curls, and extruded snacks.

The corporation operates 17 manufacturing facilities spanning the United States and Canada.

After making its initial investment in Shearer’s in 2012, OTPP expanded its stake in 2015 by acquiring additional shares from private-equity firm Wind Point Partners. This move granted the pension fund majority ownership of Shearer’s.

On its exit from the business, Raymond Shiu, OTPP’s managing director for private capital, said, “Over the past decade, we have been proud to partner with the Shearer’s management team as it established itself as a market leader in North America for private-label and contract manufactured salty snacks, cookies and crackers. Shearer’s has achieved this position by consistently delivering high-quality and innovative products, while expanding its market presence.”

CD&R operates as a privately owned entity with its partners, maintaining offices in both New York and London.

The firm invests in a diverse array of industries, encompassing industrial, healthcare, consumer, technology, and financial services end markets.

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Thrive Foods expands portfolio with acquisition of Canadian pet food producer Canature

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Canature

US-based freeze-dried food producer Thrive Foods has recently acquired the Canadian pet food company Canature for an undisclosed fee.

As part of the agreement, Thrive Foods will acquire a freeze-drying facility located near Vancouver, Canada. Additionally, the deal includes obtaining “a core competency in front-end wet processing” from Canature.

Established in 2010 and based in Langley, British Columbia, Canature specializes in the production of freeze-dried pet food, pet treats, and ingredients, operating under the brand names NutriBites, UBite, and Hoopla.

Thrive Foods produces freeze-dried items such as fruits, vegetables, and pet food. The company is supported by Entrepreneurial Equity Partners (E2P), a private-equity firm based in Chicago that concentrates on the Consumer Packaged Goods (CPG) industry. Additionally, it receives backing from Mubadala Capital, the asset management subsidiary of Mubadala Investment Company.

The company operates facilities in California, Utah, New York, and Wisconsin, along with locations in Germany and Peru.

Gary Xu, the founder and CEO of Canature, said, “We have long admired Thrive’s success in the freeze-dried industry and believe significant value and synergy will be generated by combining the capabilities of our teams.

“E2P and Mubadala Capital have a successful history of partnering with family-held businesses and entrepreneurs and we believe they will provide us with the necessary support and expertise to achieve Canature’s next phase of growth within Thrive.”

Steve Palmer, CEO of Thrive Foods, stated that the agreement would “enhance our capacities in the pet food sector, bringing in a multitude of new customers and channels.”

He added, “Canature’s focus on the pet space makes this a transformative move for Thrive.”

Ryan Schweet, E2P partner said, “This partnership with Gary Xu and his team represents a highly strategic opportunity that will better enable us to service growing global demand for freeze-dried pet products.”

This acquisition represents the third transaction for Thrive Foods following the initial merger of Thrive Foods and Mercer Foods in December 2021.

In June, Thrive Foods acquired Groneweg Group, also recognized as Freeze-Dry Foods, a worldwide producer and distributor of freeze- and air-dried ingredients.

Meanwhile, earlier this year, E2P made two investments. In July, the private-equity firm acquired the baked goods group MBC Companies without disclosing financial details. Preceding that, it expanded its portfolio by adding Canadian garlic bread producer Furlani Foods.

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Pernod Ricard breaks new ground with the launch of first Chinese-made whisky

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The Chuan Pure Malt Whisky

Pernod Ricard has launched The Chuan Pure Malt Whisky, marking the first Chinese-produced whisky from the French giant.

The Chuan Pure Malt Whisky undergoes distillation and bottling at Pernod Ricard China’s whisky distillery in Emeishan, Sichuan Province. Crafted from a blend of European and Chinese barley, the malt whisky is then refined in locally sourced Chinese single oak casks.

“As a leading international spirits group, we are committed to proactively responding to the burgeoning enthusiasm and diversified demands of Chinese consumers,” Jerome Cottin-Bizonne, the CEO of Pernod Ricard’s operations in China said.

Under the new brand, the company is presenting three distinct products. The “core” whisky will be available for purchase at 888 yuan ($124). Additionally, Pernod will introduce a second whisky, which has been finished in a PX cask, with a price tag of 1,119 yuan. For enthusiasts seeking a personalized touch, a “bottle your own” version will be offered at 1,488 yuan.

Over the 12 months ending in June, Pernod Ricard witnessed a 17% increase in net sales from its Asia/Rest of World reporting unit. Alexandre Ricard, the Chairman and CEO of the owner of Martell Cognac, attributed this “excellent, broad-based growth” to notable contributions from India, China, Turkey, and a rebound in the travel-retail channel.

Martell was the driving force behind the growth in China, accompanied by robust momentum for Absolut and Jameson, according to Alexandre Ricard.

In total, Pernod Ricard experienced a 13% increase in annual net sales, reaching €12.14 billion ($13.19 billion). Profit from recurring operations saw an 11% rise, reaching €3.35 billion, while net profit showed a 12% increase, reaching €2.28 billion.

China is emerging as a crucial arena for Western whisky distillers. In 2021, Diageo disclosed intentions to establish a single-malt whisky distillery in the southern Yunnan province.

Last month, Cognac house Camus and baijiu producer Anhui Gujing Group embarked on a partnership to create a whisky with “Chinese characteristics.” Initiating the venture, the companies are currently constructing a $30 million distillery in Anhui province. The Guqi distillery project, which commenced earlier in the same month, is anticipated to reach completion by 2025.

Meanwhile, Pernod Ricard manages an additional production facility in China through its Helan Mountain Winery located in Ningxia in the northern region of the country.

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