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KBF Enterprises Expands Warrior Protein Bars with £2M Boost

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KBF Enterprises
KBF Enterprises

The UK-based sports nutrition firm, KBF Enterprises, has allocated more than £2 million for the expansion of its Trafford Park location in Manchester.

This investment includes a £1.75 million factory and the acquisition of an extra 10,000-square-foot warehouse to facilitate the company’s expansion, both within the UK and on a global scale. According to the company, this expansion will enable KBF, the force behind the UK protein bars brand Warrior, to increase its production capacity by an impressive 400%.

KBF Enterprises boost Warrior Protein Bars Production:

The brand-new factory, situated within a 55,000-square-foot facility, will significantly boost production capabilities. It will be responsible for manufacturing in excess of 48 million protein bars, 4 million containers of creatine, pre-workout, and protein powder, while efficiently managing over 3,000 daily orders.

Kieran Fisher, Founder of KBF Enterprises, commented, “We are experiencing record-breaking growth at KBF Enterprises and have ambitious plans for the future. The investment into the new factory and warehouse is a fantastic next step for the business, as it provides more space and harnesses the latest technology so we can take our in-house manufacturing facilities to the next level, catering to the increased demand we’re seeing, while also maintaining an all-important competitive price point.”

Try more news: ADM Invests $33M in Mexican Pet Food Production!

“We want to ensure we are able to continue to create new quality protein products that are not only affordable but taste good and are nutritious. The new factory will hold us in good stead to meet these demands and expand our business further by increasing our output and creating new opportunities for future developments and growth.”

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Delhi Govt Reveals Visionary Startup Policy for 15,000 Startups by 2030

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Startup Policy

In an effort to promote and nurture entrepreneurship, the Industries Department of the Delhi government has recently finalized a draft of its startup policy, with the ambitious target of backing and facilitating 15,000 startups by 2030.

According to a report from TOI, the policy encompasses provisions for collateral-free loans, expert guidance, and assistance for college students.

By the year 2030, the Delhi Startup Policy aims to position the city as a leading global innovation hub and the preferred destination for startups.

Delhi Govt Unveils Visionary Startup Policy!

The goal is to create a nurturing ecosystem that fosters innovation-led economic expansion and encourages entrepreneurship with strong support systems in place. Furthermore, Delhi Chief Minister Arvind Kejriwal emphasized that the Delhi Startup Policy not only provides financial aid but also delivers a comprehensive array of resources and assistance to entrepreneurs.

The research team at The Dialogue and Development Commission (DDC) of Delhi initiated a thorough process of conducting in-person, one-on-one meetings with startup founders in the NCR region. This was aimed at gaining a deeper understanding of the hurdles they have encountered in their entrepreneurial journeys, the potential impact of policy interventions in fostering entrepreneurship in the area, and the existing benefits that Delhi provides to startups.

Visionary Startup Policy

The department has additionally submitted a report outlining the actions taken and is currently in the stages of refining a proposal for the Dilli Bazar portal, a digital platform designed to establish connections with customers on both a national and global scale. The department also intends to develop Shahdara as part of the ‘One District One Product – District as Export Hubs’ initiative. In its initial rollout, the portal will showcase 10,000 vendors.

The Delhi government’s objective is to bring over 100,000 city shops onto the Dilli Bazaar portal within a span of six months, creating a 24/7 digital marketplace. The government seeks to provide a distinctive virtual experience that enables users to explore the diverse markets in Delhi.

More Exciting News: KBF Enterprises Expands Warrior Protein Bars with £2M Boost

In 2022, Arvind Kejriwal, the Chief Minister of the National Capital Territory of Delhi, unveiled the Delhi Startup Policy on X. The policy encompasses a series of initiatives designed to streamline entrepreneurship in the nation’s capital and to position Delhi as India’s premier hub for startups.

At the time, Kejriwal said, “We have implemented numerous measures to cultivate a business-friendly environment in Delhi NCR. We have introduced several provisions to foster entrepreneurship in the capital.”

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Saffola Soya Ad Faces Restraining Order Post Emami Agrotech’s Petition!

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Saffola Soya
Saffola Soya

A district court has issued a temporary restraining order on a Saffola Soya advertisement in response to a petition filed by Emami Agrotech, a subsidiary of the Emami Group. The Saffola brand is under the ownership of Marico.

“The defendant/company is restrained from broadcasting/telecasting the impugned advertisement depicting that their soya chunks are the best products amongst all similar competing products across India till November 23, 2023,” the Howrah Civil Court said in its order.

Saffola Soya Advertisement:

Emami Agrotech’s legal representative informed the court that the company engages in the production and sale of various edible oil products, soya chunks, and spices, promoting its products through advertising across various electronic, print, and digital media platforms. In contrast, the defendant company, Marico, is a manufacturer of a diverse range of Fast-Moving Consumer Goods (FMCG), including the “Saffola Soya” brand for marketing soya chunks.

Saffola Soya advertisement
Saffola Soya advertisement

Emami Agrotech lodged a complaint, stating that its market monitoring team had notified them of the defendant company’s advertisements for its product Saffola Soya, claiming it to be “Bharatborsher sobcheye naram ar sushsadu soya,” which translates to the softest and most delicious soya in India.

Emami Agrotech argued that the defendant/company’s advertisement “is deceptive, derogatory, and discredits not only the plaintiff’s soya chunks but also other soya products throughout India, contravening the provisions of the Food Safety and Standard Act, 2006, and its associated regulations.”

“Thus, the use of said impugned advertisement by the defendant/company has resulted in delusion and debasement of goodwill and reputation of the plaintiff/company thereby causing irreparable loss and injury,” it added.

Saffola Soya gets Restraining Order After Emami’s Petition!

“On perusal of the resolution and several advertisements produced before this court, it prima facie appears that there exists no subscript in the advertisement published by the defendant/company in respect of its soya chunks that it is India’s best soya chunks as per the survey made by a third independent organization or any standard Bureau. There prima facie appears no justifiable claim on the part of the defendant’s soya chunks that is uniquely best in India,” the court said in its order on October 18.

Try some Exciting News: Delhi Govt Reveals Visionary Startup Policy for 15,000 Startups by 2030

When contacted, a Marico spokesperson said, “We are aware of the ex-parte injunction order obtained by Emami Agrotech in relation to one of our claims for Saffalo Soya Chunks. We want to clarify that all claims regarding Saffola products are made in accordance with the applicable laws and advertising guidelines.”

The spokesperson stated that, as the case is currently under legal consideration, Marico prefers not to provide any comments at this time. They further mentioned that the company maintains confidence in the validity of its assertions and will undertake appropriate actions to protect the interests of both its products and consumers.

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Reliance Retail Unveils Inaugural Yousta Store in Mumbai!

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Reliance Retail Yousta
Reliance Retail Yousta

Reliance Retail’s youth fashion retail format, Yousta, marked a significant milestone as it unveiled its debut store in Mumbai, as confirmed by a company official’s social media update on Tuesday. Situated within the bustling Metro Junction Mall in Kalyan, Mumbai, this exciting retail establishment is set to capture the attention of fashion enthusiasts.

“We’re thrilled to announce the grand opening of our 1st Yousta store by Reliance Retail at Metro Junction Mall, Kalyan, Mumbai. Your support has made this possible, and we can’t wait to serve you at our brand new location. Join us in celebrating this milestone,” said Amit Kumar Rout, property acquisition manager at Reliance Retail in a LinkedIn post while sharing the pictures of the new store.

Reliance Retail marks a Milestone:

In August 2023, Reliance Retail unveiled its youth-focused fashion brand, Yousta, with the opening of its first store in Hyderabad’s Sarath City Mall.

Following that, it inaugurated its second store in Bilaspur, Chhattisgarh, and an additional four stores in Kerala, situated in Palakkad, Edappal, Alathiyur, and Vengara.

Yousta outlets boast modern, technology-enhanced designs and provide trendy, budget-friendly fashion options tailored to appeal to young shoppers. Every item is priced under INR 999, with a significant portion of the selection available for less than INR 499.

The brand also regularly introduces fresh styles in its ‘Starring Now’ collection each week, featuring the latest fashion trends as complete outfits paired with matching accessories.

Reliance Retail launches first Yousta store in Mumbai!

Aside from its physical retail locations, the Yousta product line can be found online through Ajio and JioMart.

Reliance intends to launch 200-250 stores of its value retail format in the upcoming years, aiming for direct competition with Tata Group’s Zudio chain.

Check more news: Saffola Soya Ad Faces Restraining Order Post Emami Agrotech’s Petition!

Reliance Retail Ltd (RRL), the retail subsidiary of Reliance Industries Ltd., manages a diverse portfolio of fashion and lifestyle brands, including Reliance Trends, Avantra by Trends, Azorte, Yousta, Fashion Factory, and Centro. Additionally, RRL boasts an extensive collection of more than 50 international brands, encompassing renowned names like Armani, Burberry, Diesel, Gas, Marks & Spencer, Superdry, Brooks Brothers, and Steve Madden.

At present, the retail behemoth runs a comprehensive omni-channel network, comprising more than 18,500 stores and digital commerce platforms serving diverse consumer needs, including grocery, consumer electronics, fashion, lifestyle, and pharmaceutical products.

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Lotus Herbals Unveils Innovative Jacqueline Fernandez Campaign!

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Lotus Herbals
Lotus Herbals (Representative Image)

Lotus Herbals, a leading Indian natural beauty care company, is delighted to introduce its latest advertising campaign featuring the captivating Jacqueline Fernandez, the Brand Ambassador, who is endorsing the WhiteGlow Vitamin C range of skincare products.

Jacqueline, in her role as the brand’s spokesperson, takes the spotlight in a dynamic multimedia campaign set to air on television, digital platforms, social media outlets, and cinema screens across India. The central focus of this campaign revolves around the newly launched Lotus Herbals WhiteGlow Vitamin C Gel-Crème SPF 20.

Lotus Herbals and Jacqueline Fernandez!

This unique gel-cream boasts a non-greasy, lightweight formula enriched with the nourishing qualities of Yuzu Lemon and Kakadu Plum extracts, which are infused with a potent dose of 100 times more Vitamin C. This product is specifically designed to illuminate the skin, retain moisture, diminish dark spots and discoloration, provide deep hydration, and offer sun protection with SPF 20.

The primary message of the new TV commercial is to inform consumers about the distinctions among various Vitamin C creams. The advertisement begins with Jacqueline and her companion embarking on a mission to find a Vitamin C cream that can effectively eradicate dark spots.

Lotus Herbals Jacqueline Fernandez
Lotus Herbals Jacqueline Fernandez (Representative Image)

Jacqueline educates her friend about the exceptional qualities of the Lotus Herbals WhiteGlow Vitamin C Gel Crème – an innovative product that melds gel and cream, featuring an astonishing 100 times more Vitamin C and enriched with the goodness of Yuzu Lemon and Kakadu Plum extracts.

This non-greasy formula absorbs quickly, diminishes dark spots, and imparts a radiant glow to the skin. The commercial concludes with Jacqueline expressing her confidence in Lotus White Glow Vitamin C Gel Crème as an integral part of her skincare routine.

Nitin Passi, Chairman and Managing Director of Lotus Herbals said, “Lotus has a history of innovation in the beauty industry, and we are delighted to introduce the distinctive Lotus WhiteGlow Vitamin C Gel Crème, an innovative addition to our immensely popular WhiteGlow skincare range. Committed to developing clean and transformative beauty solutions tailored for the Indian skin, the WhiteGlow Vitamin C Gel Crème represents a genuine breakthrough, redefining the way you experience radiant beauty.”

With Jacqueline Fernandez serving as the prominent face of Lotus Herbals WhiteGlow, the stunning actress will take center stage in a comprehensive multimedia campaign that spans television, digital platforms, in-store promotions, point-of-purchase materials, and various social media channels.

Check exciting news: Reliance Retail Unveils Inaugural Yousta Store in Mumbai!

The brand has devised an extensive media strategy for Lotus WhiteGlow Gel Creme, which includes showcasing the TV commercial featuring Jacqueline on highly-rated General Entertainment Channels (GEC) and during high-impact programs. This campaign will also cater to a broader audience by airing on well-performing regional channels and popular shows. Furthermore, it will maintain a strong presence on the brand’s social media platforms, encompassing Facebook, Instagram, and YouTube.

In addition to these efforts, in-store branding and point-of-purchase (POP) materials will include banners, danglers, table-tops, and posters to enhance visibility and promote the product. To maximize exposure and engage a wide audience, the brand’s promotional film will be screened during blockbuster movies in multiplexes throughout India.

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Zomato Introduces Maternity Insurance for Female Delivery Partners

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Zomato
Zomato

Zomato, the online food delivery platform, took a significant step on Wednesday by launching a comprehensive maternity insurance plan for its female delivery partners.

The company stated that this insurance plan will encompass costs associated with pregnancy, including childbirth and any maternity-related complications. This move aims to offer both assurance and financial stability to female delivery partners and their families.

Zomato Rolls Out Maternity Insurance!

“By introducing comprehensive maternity insurance for gig workers, we are looking at providing extra support during our partners’ journey to motherhood, reinforcing our dedication to their welfare and financial security, thereby helping them meet their needs every step of the way,” Rakesh Ranjan, CEO, Food Delivery, Zomato, said in a statement.

Zomato has collaborated with ACKO, a digital insurance provider, to offer maternity insurance coverage.

As per the company’s policy, the insurance applies to female delivery partners who have accomplished a minimum of 1000 deliveries on the Zomato platform and have remained active within the 60 days preceding their request for the maternity insurance plan.

Check more news: Lotus Herbals Unveils Innovative Jacqueline Fernandez Campaign!

The all-encompassing coverage will encompass both regular and cesarean childbirth for a maximum of two children, as well as maternity complications like miscarriage and abortion.

Under this insurance plan, beneficiaries can receive up to INR 25,000 for a standard delivery, up to INR 40,000 for cesarean sections, and up to INR 40,000 in the event of maternity complications like miscarriage and abortion.

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Forget Regular Toast – This Pizza Toast Recipe Is the Snack You’ve Been Dreaming Of!

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Pizza Toast

Pizza Toast Recipe: When it comes to snacking, there’s nothing quite like a crispy, cheesy, and flavorful treat that can satisfy our cravings in an instant. Forget the mundane routine of regular toast, and say hello to a delicious and mouthwatering alternative – Pizza Toast! Combining the beloved flavors of pizza with the convenience of toast, this recipe is the perfect quick-fix for hunger pangs or a delightful party appetizer. In this article, we’ll walk you through a simple yet delightful Pizza Toast recipe that will surely become your new favorite snack.

To make this scrumptious Pizza Toast, you’ll need the following ingredients:

  • 4 slices of bread (white, whole wheat, or your preferred type)
  • 1/2 cup pizza sauce (store-bought or homemade)
  • 1 cup shredded mozzarella cheese (or any pizza cheese blend of your choice)
  • 1/4 cup sliced pepperoni or your favorite pizza toppings (e.g., cooked sausage, bell peppers, olives, mushrooms, etc.)
  • 1 tablespoon olive oil
  • 1/2 teaspoon dried oregano
  • 1/2 teaspoon garlic powder
  • 1/4 teaspoon red pepper flakes (optional)
  • Fresh basil leaves for garnish (optional)

Pizza Toast – Instructions:

1. Preheat the oven: Preheat your oven to 425°F (220°C) and line a baking sheet with parchment paper or lightly grease it with cooking spray.

2. Prepare the bread: Lay out the four slices of bread on a clean surface or cutting board. Lightly brush one side of each slice with olive oil to ensure a crispy texture when baked.

3. Apply the pizza sauce: Spread a generous amount of pizza sauce evenly on the unoiled side of each bread slice. Use the back of a spoon to make sure it covers the entire surface.

Pizza Toast Recipe

4. Add the cheese: Sprinkle the shredded mozzarella cheese over the sauce on each slice. Be as generous as you like with the cheese, as it’s what gives the pizza toast its gooey goodness.

5. Add the toppings: Now, it’s time to personalize your pizza toast. Add your favorite toppings, such as sliced pepperoni, cooked sausage, bell peppers, olives, mushrooms, or any other ingredients that you love on a pizza.

6. Seasoning: To enhance the flavors, sprinkle dried oregano, garlic powder, and red pepper flakes (if you like it spicy) over the toppings. These seasonings will infuse the pizza toast with a delectable aroma reminiscent of your favorite pizzeria.

7. Bake the pizza toast: Carefully transfer the prepared pizza toasts onto the lined baking sheet. Place the sheet into the preheated oven and bake for about 10-12 minutes or until the cheese is fully melted, and the edges of the bread turn golden brown and crispy.

Read More Article: Busy Tuesdays? This Instant Garlic Bread Recipe Will Save the Day!

8. Garnish and serve: Once the pizza toast is done baking, remove it from the oven. If you prefer a fresh herb kick, garnish the toasts with a few torn basil leaves. This adds a touch of brightness and freshness to the dish.

9. Slice and enjoy: Allow the pizza toasts to cool for a minute or two before slicing them into smaller pieces. Serve hot and savor the irresistible combination of flavors in every bite.

Final Thoughts:

With this easy-to-follow Pizza Toast recipe, you can elevate your snacking game to a whole new level. Whether you’re enjoying it as a solo treat, a quick lunch option, or serving it up as an appetizer at your next gathering, this delightful fusion of pizza and toast is sure to be a hit. So, forget about regular toast and embark on a journey of flavors with this heavenly Pizza Toast recipe.

Read more Articles here: Snackfax.com

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ONDC appoints marketing expert Rachita Gupta as new VP of Communications

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Rachita Gupta ONDC
Rachita Gupta ONDC (Representative Image)

The Department of Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce, Government of India, has recently appointed Rachita Gupta as the Vice President of Communications for the Open Network for Digital Commerce (ONDC) initiative.

In her present position, Rachita has been given the responsibility of spearheading the Communications department, with a distinct directive to enhance ONDC’s brand and foster the growth of its network by generating leads.

ONDC hires Rachita Gupta as VP!

Rachita, a seasoned marketing expert holding an MBA from IMT, Ghaziabad, and an Executive Leadership Certificate from Cornell University, brings with her a wealth of experience spanning two decades. Her extensive background encompasses a diverse range of sectors, including marketing, digital marketing, brand communications, sales strategy, and strategic alliances.

She boasts a substantial professional history, having collaborated with renowned organizations like Tech Mahindra, HCL Technologies, Pearson Education, and Idea Cellular.

During her prior position at Tech Mahindra, Rachita led worldwide marketing initiatives for Emerging Technologies, overseeing critical domains like Data Analytics, AI, Gen AI, Metaverse, Cybersecurity, and SaaS.

ONDC Project
ONDC Project (Representative Image)

T Koshy, MD & CEO, ONDC, said, “We are delighted to have Rachita onboard. Her extensive experience combined with proven strategic acumen makes her an invaluable asset in driving our next growth phase. ONDC is confident that Rachita Gupta’s expertise, innovative approach, and profound understanding of many industries will play a pivotal role towards the Network’s success in future.”

Expressing her enthusiasm for the role, Rachita Gupta, VP — Communications said, “ONDC is a pioneering initiative with immense impact potential and I am excited to be a part of this Network, particularly at a juncture where it is set to transform the entire ecommerce ecosystem. ONDC’s vision to create a no-barrier, open network through innovation, technology, and a customer-centric approach perfectly resonates with my own values. I look forward to collaborating with the talented team to drive excellence at every phase of the Network’s growth and expansion.”

Established on December 31, 2021, the Open Network for Digital Commerce (ONDC), operating as a Section 8 company, is an endeavor initiated by the Department of Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce, Government of India. It aims to pioneer a facilitative framework to transform digital commerce, emphasizing the advancement of retail e-commerce in India.

Try more news: Forget Regular Toast – This Pizza Toast Recipe Is the Snack You’ve Been Dreaming Of!

ONDC isn’t an app, platform, intermediary, or software; rather, it comprises a set of specifications meticulously crafted to promote open, unbundled, and interoperable networks, thereby eradicating the need for reliance on a single platform.

The introduction of ONDC aims to democratize and decentralize ecommerce inclusivity and accessibility for sellers, particularly small and medium enterprises and local businesses. This will result in increased options and independence for consumers.

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Zomato’s Per-Share Fair Value at INR 125: Kotak Institutional Equities!

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Zomato
Zomato (Representative Image)

Kotak Institutional Equities has increased the per-share fair value of Zomato, the food and grocery delivery platform, to INR 125, up from its previous estimate of INR 100.

The rise in fair value, as per details presented in the company’s FY23 annual report, primarily stems from the robust increase in the contribution margin for food delivery. This margin surged from INR 6.6 per order in FY22 to INR 18.5 in FY23, driven by enhanced revenues and effective cost optimization, as reported by the brokerage firm.

Contribution margin signifies the income a company generates from the sale of each additional unit of a product.

Zomato’s per-share fair value stamped!

Kotak has assessed the food delivery segment of Zomato with a valuation of INR 83,100 crore, utilizing a discounted cash flow (DCF) valuation approach. Alongside food delivery, They also manages the quick commerce platform Blinkit and the business-to-business grocery sourcing service Hyperpure.

Zomato
Zomato (Representative Image)

Zomato’s contribution margin boost was primarily fueled by a significant INR 6.3 increase in revenue per order. Kotak attributed INR 2.7 of this increase to a higher take rate and INR 3.6 to augmented advertising revenue. Furthermore, there was a INR 5.2 reduction in variable costs per order due to decreased discounts and other expenses, along with a minor INR 0.4 decrease in delivery costs per order.

During FY23, Zomato’s food delivery business observed a 2% year-on-year rise in the average order value, reaching INR 407.

Zomato’s operating revenue in FY23 amounted to INR 7,080 crore, a significant increase from INR 4,190 crore in FY22. Notably, the company’s operating revenue from food delivery witnessed a 33% year-on-year growth, reaching INR 4,530 crore in FY23.

In the June quarter of FY24, Zomato reported its first-ever quarterly net profit of INR 2 crore, which propelled its stock price to new 52-week highs. On October 18, the stock reached INR 115 per share, coming close to a market capitalization of $12 billion.

Next News: Taste on Tap: Maximizing Mobile Engagement for Food Brand Growth

On Wednesday, the stock concluded at INR 108.15 on the BSE, marking a 0.69% decrease from its previous closing price.

For the quarter concluding on September 30, UBS, a brokerage firm, projected a 10% sequential expansion in India’s food delivery market. In a report dated October 10, UBS estimated that Zomato experienced month-on-month volume growth of 2% in July and 4% in August. However, this lags behind Swiggy‘s volume growth of 7% and 6% for the corresponding months, as indicated in the report.

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Mokobara Secures $3.6M Investment for Expansion from Current Investors!

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Mokobara
Sangeet Agrawal and Navin Parwal, Co-Founders, Mokobara

Mokobara, a direct-to-consumer (D2C) backpack startup, has recently received a significant investment of $3.6 million from its current backers, underscoring their strong belief in the company’s promising future. Notable investors participating in this financial infusion encompass Saama Capital, Sauce VC, and Alteria Capital.

Mokobara’s Investments:

Based in Bengaluru, the startup reaffirmed its dedication to expansion by authorizing the issuance of 2,233 Series A1 compulsorily convertible cumulative preference shares (CCPS) to 27 investors. These shares were allocated at a premium of INR 1,34,320.40 per share, as documented in their regulatory filings.

Notably, Saama Capital has played a significant role in this funding round by contributing $1.6 million. This injection of capital appears to be a crucial element of Mokobara’s Series B round, and it also raises the possibility of Peak XV Partners becoming involved, highlighting the company’s commitment to further expanding and strengthening its direct-to-consumer backpack business.

Try More News: Zomato’s Per-Share Fair Value at INR 125: Kotak Institutional Equities!

Mokobara’s successful acquisition of substantial funding from its current investors reflects the market’s trust in its business model and future potential. This injection of funds arrives as the company strategically positions itself in the competitive direct-to-consumer market. With the Series B round gaining momentum and the potential participation of Peak XV Partners, Mokobara seems well-positioned for substantial growth and continued advancements in the backpack industry.

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