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Zepto names Ankit Agarwal as new Chief Product Officer

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Ankit Agarwal
Ankit Agarwal

Zepto, the quick-commerce platform, made an announcement on Friday, appointing Ankit Agarwal as its Chief Product Officer, thus elevating him from his prior position as Senior Vice President of Product.

Agarwal became part of the company’s team just last year, and his promotion coincides with Zepto’s recent successful funding round, which secured $200 million in new capital. This funding round was led by StepStone, a limited partner of Nexus Venture Partners. Prior to joining Zepto, Agarwal served as a founder at Orinko, where he endeavored to establish a consumer brand specializing in fruits and vegetables.

With this advancement, Agarwal will assume comprehensive ownership of the product, spanning the entire spectrum of responsibilities from the consumer experience to the supply chain and last-mile delivery.

Founded in 2021 by two Stanford dropouts, Aadit Palicha and Kaivalya Vohra, Zepto emerged as the first unicorn in India in 2023, securing a valuation of $1.4 billion.

Read More: Zepto secures $200 Million in Series-E Funding, becomes first unicorn of 2023 with $1.4 Billion valuation

“We’re not following trends; we’re setting them. I’m excited to be part of the team that is revolutionizing commerce in India,” Agarwal said in a statement.

Nonetheless, Zepto has experienced a string of senior departures, with Chief Marketing Officer Amritansu Nanda departing after a two-year stint. Additionally, the company bid farewell to its Engineering Head, Yash Dayal, and Chief Financial Officer, Jitendra Nagpal, earlier this year.

In April, Zepto appointed Ramesh Bafna as its Chief Economic Officer, with Bafna having previously served in the same capacity at lifestyle e-commerce platform Myntra and CoinSwitchKuber.

“A major part of the journey that lies ahead will be driven by innovation in product and technology. I’m confident that there is no one better suited in the country to lead the team on our journey to establish Zepto as the best product company in India,” said Vohra, referring to Agarwal.

The company is in direct competition with rival quick-commerce platforms, including Swiggy’s Instamart, BigBasket’s BB Now, Zomato’s Blinkit, and Dunzo, backed by Reliance Retail.

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Bhookle debuts in Chennai, redefining food delivery with a ‘human-first’ approach and diverse homemade meals

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Bhookle
Bhookle

Bhookle, a pioneering “human-first” social sharing platform, has just made its debut in Chennai. This exciting venture is set to redefine the food delivery experience by bridging the gap between discerning customers and talented home chefs. At its core, Bhookle offers an enticing array of homemade meals that prioritize health, uniqueness, and diversity – all crafted by local culinary artisans.

Bhookle is dedicated to fostering connections among individuals who share a deep passion for food. By bringing together talented home chefs and enthusiastic patrons, Bhookle cultivates a vibrant and flourishing community, ensuring an extraordinary dining experience for all involved.

Bhookle’s inception was driven by a profoundly personal journey. Arvind, the Founder, embarked on a quest to rediscover the flavors of his mother’s dishes, realizing the profound emotional bond associated with her cooking. This journey ultimately sparked the vision of serving cherished memories through food.

“This unique concept is designed to evoke powerful memories associated with homemade meals prepared with love,” says Arvind.

“Bhookle stands out from other food delivery platforms in two distinct ways: human centricity and discovery,” adds Co-Founder and head of marketing, Uthra.

In contrast to conventional platforms that primarily emphasize menus and prices, Bhookle places a premium on the genuine human narratives that accompany each dish. It infuses the food ordering process with a sense of intrigue, love, and emotional connection, enriching the dining experience.

“Additionally, Bhookle is among the early adopters of the home food market, offering a diverse range of dishes that are often unavailable in restaurants. It serves as a common platform where various cultures are authentically represented”, says Shamala who is the Co-Founder and head of food.

While Bhookle provides a user-friendly app with all the standard features, it is actively advancing towards the integration of AI and machine learning to offer personalized meal recommendations and plans. Technology is seen as a facilitator, with chefs, food, and users remaining firmly at the heart of the platform’s identity.

Bhookle’s roster of home chefs comprises a diverse collective, with a remarkable 85% of them being women aged 25-65. These chefs hail from a wide range of regions within India and even possess international culinary backgrounds. Their enthusiasm for showcasing their culinary expertise lies at the core of Bhookle’s mission. As of today, Bhookle proudly boasts a thriving network of over 50 chefs in and around the city, offering an impressive array of over 800 diverse dishes that draw inspiration from various cultures and ethnicities.

Bhookle is dedicated to supporting and empowering home chefs by tackling three pivotal challenges: identity, financial independence, and entrepreneurship. It offers a platform that celebrates their culinary creations, provides an additional source of income, and assists them in navigating the intricacies of running a food business. Bhookle’s overarching goal is to catalyze a fresh wave of food entrepreneurs.

Bhookle places a strong emphasis on using local ingredients and adhering to sustainable food practices. Every dish is prepared fresh, with a commitment to avoiding refrigeration and bulk storage. Pre-ordering plays a key role in maintaining a balanced demand-supply equation and minimizing food wastage. Additionally, the platform is actively exploring partnerships to enhance efforts in reducing food waste.

As it launches in Chennai, Bhookle’s ambitions extend to spreading its presence in other Indian cities, with Bengaluru being the next destination on its expansion roadmap.

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HUL shifts focus to sales volume and price reduction in response to local competition

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Hindustan Unilever
Hindustan Unilever (Representative Image)

Unilever has reported that the Indian market is experiencing heightened competition from smaller players in the FMCG sector, following a decrease in raw material prices. As a result, Unilever’s subsidiary, Hindustan Unilever, is shifting its strategy towards prioritizing increased sales volumes and implementing price reductions.

“In India, about 40% of our portfolio is fabric cleaning and skin cleanser. And we know from experience that they are highly correlated to the underlying commodity prices. When inflation happens, a lot of smaller local firms in the category drop out of the category and then re-emerge once deflation starts to come in. So, we are starting to see that in India,” Unilever global chief financial officer Graeme Pitkethly said at the Barclays Global Consumer Staples Conference.

Over the years, local brands have steadily eroded market shares of prominent consumer product companies, notably in segments such as soap, detergents, hair oil, tea, and biscuits. Nevertheless, the disruptions caused by the pandemic and subsequent increases in essential raw material costs compelled numerous brands to either cease operations or downsize significantly. However, in the past two quarters, prices for soap, detergents, and tea have declined due to a drop in commodity prices.

“The competitiveness of media spend will continue to go up and it is the right thing to moderate our pricing and retain our volumes and our market share. We really trust our team in India to manage that dynamics properly,” said Pitkethly.

In its earnings conference, Hindustan Unilever mentioned that it is observing a resurgence of small and regional players, including those who had exited the market during the height of inflation.

As an example, in the tea segment, smaller companies have experienced growth rates 1.6 times higher than their larger counterparts in the three months leading up to May. Similarly, in the detergent bars category, regional players have expanded their presence at a rate three times faster than major brands. Hindustan Unilever (HUL) is not the only company witnessing this trend of smaller players encroaching on their market share. During the performance call for the June quarter, Britannia also noted that its biscuit market share remained stagnant, while local players gained ground.

“The local players, because of the pricing actions that they are taking in their small vicinity, have gained a little bit of market share,” Varun Berry, managing director at Britannia, told analysts. “When the inflation is high, local players just walk away. And when things start to become a little more normalised, local players come into the market and start to operate large schemes for customers as well as consumers. So that’s what we are looking at currently.”

The market research firm Kantar conducted an analysis across 13 categories encompassing personal care, home care, and food and beverages. Their findings revealed that local companies, operating exclusively in a single market, experienced a growth rate of nearly 13% in the year ending April 2023, surpassing national brands, which expanded by 9%.

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PepsiCo expands Gatorade portfolio with all-new alkaline water offering

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Gatorade Water
Gatorade Water

PepsiCo has expanded its Gatorade beverage lineup with the introduction of a new offering: water. The renowned US company has described this alkaline water as a “premium” addition that aligns with its commitment to delivering comprehensive nutrition under the Gatorade brand, catering to all-day hydration needs.

The “electrolyte-infused” Gatorade Water, as characterized by PepsiCo, is slated for release in the United States during the first quarter of the upcoming year.

These beverages mark the most recent expansion of the Gatorade portfolio. In the past year, PepsiCo extended the brand’s offerings into the energy drink category with the introduction of Fast Twitch.

“With entrances into new categories including water and energy, alongside a string of recent low- and no-sugar hits like Gatorlyte and Gatorade Fit in the last two years, the Gatorade portfolio is the most complete offering on the market today across energy, hydration, protein and all-day nutrition,” the company said.

Back in July, PepsiCo’s CEO, Ramon Laguarta, conveyed optimism regarding the future prospects of Gatorade. This brand holds significant importance within the company’s North America beverage division, especially as volumes experienced a decline once more during the second quarter.

Laguarta expressed confidence in Gatorade, affirming that the brand was witnessing improvements across all execution metrics. However, analysts contended that Gatorade might have played a role in the decline in volumes for the PepsiCo Beverages North America division during the quarter.

The PepsiCo leader emphasized that the alterations to Gatorade’s distribution model would be advantageous for the brand. He characterized this decision as “a structural adjustment that will enhance our ability to execute effectively and adapt to weather-related fluctuations and market opportunities in the future.”

Laguarta further asserted that PepsiCo’s efforts to broaden the Gatorade product lineup were yielding positive results.

PepsiCo declined to comment on the suggested pricing or distribution details for Gatorade Water. The company emphasized that the products will be priced competitively. The product range consists of a one-liter option, a 700ml sport cap, and a 700ml six-pack.

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Nestlé buys majority stake in Brazilian chocolate maker Grupo CRM

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Nestlé has inked a deal with private equity firm Advent International to secure a controlling interest in Grupo CRM, a prominent player in the premium chocolate market in Brazil.

Grupo CRM employs a direct-to-consumer approach, boasting an extensive network of over 1,000 chocolate boutiques showcasing the Kopenhagen and Brasil Cacau brands, while also steadily expanding its digital footprint.

Renata Moraes Vichi will remain in her position as CEO of Grupo CRM and will retain her status as a minority shareholder.

The agreement will enable Nestlé to further its presence in the “premium” gifting sector. Nestlé has expressed its intention to utilize its worldwide research and development capabilities to drive innovation and stimulate growth. Furthermore, the food conglomerate has committed to aiding Grupo CRM in achieving its sustainability objectives.

Laurent Freixe, CEO of Zone Latin America at Nestlé, said, “The acquisition further broadens and strengthens our confectionery presence in Brazil, enabling us to enter the high-end segment. Kopenhagen and Brasil Cacau offer premium chocolates that are highly appreciated by Brazilian consumers. We are pleased that Renata Vichi will continue to lead the company with her deep knowledge and passion for the chocolate business, people and brands. Together, we will explore opportunities to further enhance the company’s unique premium chocolate experience.”

The transaction, which is subject to customary regulatory approvals, is expected to close in 2024.

The specifics of the transaction were not made public.

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Bisleri partners with ‘Jawan’ for epic pan-India collaboration, unveils star-studded limited edition bottles!

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Bisleri

Following the remarkable triumph of their exclusive collaborations with blockbuster movies in South India, Bisleri has recently embarked on its most extensive Pan-India partnership to date, teaming up with the highly-anticipated film of the year, ‘Jawan.’ The Bisleri X Jawan limited edition bottles will showcase a star-studded lineup of actors hailing from various regions of India, including the likes of Shah Rukh Khan, Vijay Sethupathi, and Nayanthara. These exclusive bottles will be readily available nationwide, offered in a range of sizes, including 250ML, 500ML, 1 Litre, 2 Litres, and 5 Litres SKUs.

Commenting on this association, Tushar Malhotra, Head of Marketing, Bisleri International Pvt. Ltd., said, “Movies are an integral fabric of India’s culture and Bisleri’s largest-ever Pan-India association with ‘Jawan’ brings the larger-than-life cinematic canvas to our consumers’ doorstep, creating brand love.”

The limited-edition Bisleri X Jawan packs will be distributed across the nation, available in both traditional and modern retail stores, encompassing an extensive marketing campaign spanning over 70,000 retail outlets. Additionally, customers can conveniently purchase them online through the Bisleri @Doorstep App.

‘Jawan’ is a Red Chillies Entertainment production, with direction by Atlee, production by Gauri Khan, and co-production by Gaurav Verma. The film made its global theatrical debut on September 7th, 2023, in Hindi, Tamil, and Telugu languages.

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Subway debuts eco-friendly uniforms made from recycled plastic bottles

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Subway's new uniforms
Subway's new uniforms

Subway is unveiling a fresh uniform line for its Sandwich Artists, crafted from upcycled plastic materials. This uniform launch complements Subway’s nationwide implementation of the upgraded “Fresh Forward” restaurant design concept. The new uniform collection includes a T-Shirt, polo shirt, half and full apron, cap, and bandana, all ingeniously fashioned from recycled plastic bottles.

Every piece of clothing has undergone meticulous design to guarantee both comfort and long-lasting wear, all the while preserving Subway’s recognizable branding and iconic color schemes. The collection encompasses the unmistakable green hue for Sandwich Artists’ T-shirts, while managers will sport a stylish black polo shirt design. Completing the new Subway look are two apron styles, along with the signature baseball cap and bandana, adding the final touches to the ensemble.

The fabric employed in crafting these garments is a specially engineered blend, incorporating recycled plastic bottles and BCI (Better Cotton Initiative) cotton for the T-shirts and polo shirts. This unique blend is not only the foundation for our fresh designs but also conveys the precise number of bottles utilized in the creation of each item. The plastic bottles undergo a collection process and are transformed into flakes, which are subsequently converted into fiber yarn. This yarn is then prepared for weaving into fabric, forming the basis for our sustainable garment production.

The baseball caps are crafted from the equivalent of three plastic bottles, while the bandana requires five bottles. In contrast, the half apron is produced using the material from eight plastic bottles, whereas the full apron utilizes the equivalent of 12 bottles. On the other hand, the new T-shirts and Polos feature a blend of BCI cotton and recycled polyester. The men’s polo shirts are fashioned from the material of seven plastic bottles, while the women’s shirts are created using six plastic bottles. As for the T-shirts, they are produced using eight plastic bottles’ worth of material.

Aligning with the brand’s dedication to fostering a more sustainable and resilient business model, these uniforms have been meticulously crafted for extended durability. In trials, a substantial 70% of Subway’s Franchisees and Sandwich Artists expressed high satisfaction with regard to comfort and longevity.

To complete the sustainability loop, Subway has partnered with textile recycling experts, Avena Group, to collect and manage the retired uniforms replaced during this transition phase. Avena Group will transform the textiles from these old uniforms into a new material, suitable for reuse in various sectors such as automotive and construction.

Furthermore, Subway is dedicated to contributing to charitable causes by donating any surplus old stock items to organizations involved in food and nutrition initiatives. For instance, 1,000 unused aprons from the previous uniform set will be supplied to Rethink Food for educational purposes in schools. These aprons will serve as grow mats for cultivating watercress, helping children learn about the growth of fresh fruits and vegetables.

The introduction of these fresh uniforms is an extension of the brand’s commitment to minimizing single-use plastic within its restaurant operations. In a significant milestone, by the close of 2022, Subway successfully eliminated more than 1.2 million kilograms of single-use plastic from its supply chain. Additionally, pilot programs testing reusable packaging are currently underway in restaurants located in France and Germany.

“As we continue this journey towards building a better Subway, it’s incredibly important that we look at all areas of our business where we can make a positive impact. The new uniforms, made from recycled plastic bottles, is what we believe are a first for a high street restaurant brand and reflect our ongoing commitment to improving how we do business. This is still only the beginning, and we hope to make further progress in the years ahead – stay tuned,” Louise Wardle, Vice President of Marketing EMEA at Subway.

The uniforms will be rolled out to Subway restaurants in the UK, Ireland and across Europe from May and throughout 2023.

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Food delivery platforms gear up for G20 Summit: Assures seamless service amid increased demand

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Online food delivery
(Representative Image)

On Thursday, online food and grocery delivery platforms reassured the public that they are well-prepared to maintain uninterrupted services, even amidst the anticipated surge in demand. This assurance comes as a result of most of their product categories being exempted from any disruptions during the G20 Summit weekend, which is taking place under tight security measures in Delhi-NCR.

Online grocery company Zepto, which became India’s first unicorn of this year, told IANS that with most people working remotely and movement restrictions in place, “we anticipate a significant surge in demand, with a 30-40 per cent rise in New Delhi and over 10 per cent in other NCR cities compared to normal days”.

“To address this surge, we’ve significantly increased our inventory in New Delhi and other NCR cities and secured necessary approvals for daily replenishable items like dairy and vegetables,” a company spokesperson said.

In order to guarantee uninterrupted service, prioritize rider safety, and ensure smooth deliveries, certain online platforms for food and essential item deliveries have taken proactive measures. These include blocking off restricted routes in their navigation systems and reassigning riders from high-impact areas to alternative stores or locations.

“Additionally, control towers have been set up to support riders with on-ground concerns, if any. At Zepto, we are well-prepared to meet the increased demand while maintaining the highest level of service excellence,” said the company.

On Thursday, Delhi’s Lieutenant Governor, V. K. Saxena, conducted a comprehensive assessment of security, cleanliness, beautification readiness, and other associated preparations in the National Capital. He remarked that Delhi is fully adorned and ready to extend a warm welcome to the dignitaries and delegates attending the G20 Summit.

As part of his inspection, Saxena also toured the advanced Control Room established by the Delhi Police at its headquarters, which is equipped to monitor every corner of the city with precision. The Delhi Police Commissioner provided Saxena with an overview of the security measures and the Control Room’s specifics. This Control Room will receive live footage from more than 5000 CCTV cameras installed throughout various areas of the city.

Zomato has confirmed that it will maintain full operational status for its customers in Gurugram, Noida, Faridabad, and Ghaziabad throughout the duration of the G20 Summit.

“We will also be operational in all of Delhi, except only for the small part of NDMC area where the G20 Summit is being hosted,” said the Deepinder Goyal-run company.

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mCaffeine sets new skincare benchmark with innovative kombucha-infused range

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mCaffeine Kombucha
mCaffeine Kombucha

mCaffeine is once again revolutionizing the beauty industry by harnessing the potency of potent ingredients. With pride, the brand unveils an extraordinary skincare lineup that unlocks the transformative power of Kombucha, representing a noteworthy achievement in India’s beauty sector. Kombucha’s exceptional hydrating and barrier-repairing properties establish it as a leader in the realm of skincare.

Kombucha, celebrated for its superfood attributes, assumes a prominent role in mCaffeine’s newest product line, emphasizing the brand’s dedication to providing genuinely effective skincare solutions. This release follows mCaffeine’s triumphant debut in the cosmetics domain with their lively lipstick assortment. It solidifies mCaffeine’s status as a pioneering force in the industry, offering an incomparable skincare experience that encapsulates the essence of Kombucha in a league of its own.

In the ever-changing world of skincare, mCaffeine is at the forefront, harnessing the revitalizing power of Kombucha, renowned for its outstanding antioxidant properties. Setting itself apart, mCaffeine embarks on this extraordinary journey, unveiling an extensive range of Kombucha-infused products thoughtfully crafted to cater to a wide array of skin requirements.

Tarun Sharma, Co-Founder and CEO at mCaffeine, affirmed, “At mCaffeine, our commitment to innovation drives us to discover unique ways to enhance the self-care experience. The Kombucha-infused range underscores our dedication to providing our community with products that empower them to embrace their natural beauty while benefiting from the extraordinary properties of ingredients like Kombucha.”

Vikas Lachhwani, Co-Founder and Director at mCaffeine, highlighted, “Our Kombucha-infused range is the result of relentless research and a passion to explore the caffeine universe. It mirrors our commitment to create products that not only nourish but also elevate your skincare routine. With this range, we aim to build a unique skincare experience.”

mCaffeine consistently sets itself apart as a brand that harmonizes the enchantment of caffeine with the finest elements from nature. This fresh infusion of Kombucha into their range further cements their status as trailblazers in the Indian market.

mCaffeine has consistently demonstrated itself as a pioneering force in the skincare sphere, exemplifying their unwavering commitment to unlocking the full potential of individual ingredients. Starting with coffee, then venturing into green tea and subsequently cacao, mCaffeine has adeptly harnessed the transformative qualities of each element, crafting distinct product lines that encapsulate their essence. Now, this journey reaches an inspiring zenith as mCaffeine unveils its groundbreaking Kombucha-infused range, a visionary exploration that highlights the unparalleled potential of this unique ingredient. By setting a new industry benchmark, mCaffeine’s dedication to surpassing expectations and redefining skincare experiences is evident. With this launch, mCaffeine once again establishes a defining standard, reshaping the self-care landscape through unwavering dedication that transcends the surface.

Starting September 6, 2023, mCaffeine’s Kombucha range will be readily accessible for purchase on their official website as well as prominent e-commerce platforms. Through this launch, mCaffeine continues to motivate individuals to adopt effective and enjoyable self-care routines.

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Goodveda unveils revolutionary diabetes reversal program and innovative products

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Goodveda Insulux
Goodveda Insulux

Goodveda Health Labs Pvt Ltd, a leading pioneer in the field of natural healthcare solutions, is delighted to unveil its comprehensive approach to diabetes management. This trailblazing endeavor includes an innovative program for diabetes reversal, complemented by a diverse range of cutting-edge products designed to enhance diabetes management.

The offerings encompass Insulux, Karela Jamun Effervescent, and Liver Detox Effervescent, meticulously designed to empower individuals grappling with diabetes, enabling them to regain control over their health and improve their overall quality of life.

The diabetes reversal program represents a significant departure from conventional diabetes care, providing a beacon of hope for those who aspire to more than mere symptom control. In contrast to traditional methods, this holistic program delves deep into the underlying causes of diabetes, offering the possibility of reversal. It combines the knowledge of experienced healthcare professionals and nutritionists, customized dietary plans, and the incorporation of natural supplements, forming a comprehensive approach to attaining both optimal blood sugar management and overall well-being.

Abhishek Gaggneja, Founder and CEO of Goodveda, expressed, “The diabetes reversal program is a game-changer. It’s not merely about managing diabetes; it’s about addressing the underlying factors that trigger the condition. Our goal is to assist individuals in achieving enduring improvements in their health.”

A noteworthy aspect of the program is its personalized dietary plans, carefully customized to be effective in managing diabetes while also considering individual preferences. This method transforms healthy eating into a pleasurable daily habit, challenging the misconception that diabetes management requires sacrificing enjoyment.

The initial product in the lineup, Insulux, is a carefully formulated supplement designed to promote healthy blood sugar levels. This distinct blend of herbs and essential nutrients plays a crucial role in Goodveda’s diabetes reversal program, providing a natural pathway for maintaining balanced blood sugar levels.

The second product, Karela Jamun Effervescent, introduces a convenient and enjoyable way to integrate the advantages of bitter gourd (karela) and Indian blackberry (jamun) into everyday routines. Recognized for their potential in managing blood sugar levels, these components are now readily available.

An exceptional feature within Goodveda’s portfolio of diabetes management solutions is the Liver Detox Effervescent. It tackles an often neglected facet of diabetes care: liver health. This meticulously crafted supplement is aimed at promoting liver well-being, ultimately elevating the overall management of diabetes.

Abhishek Gaggneja further emphasized, “Goodveda is profoundly committed to empowering individuals to take control of their diabetes and lead healthier, more fulfilling lives. Our diabetes reversal program and diabetes management products represent a significant stride towards a brighter and healthier future for those grappling with diabetes.”

Goodveda’s steadfast dedication to excellence shines through in the thorough research supporting its products and program. Through the integration of the diabetes reversal program with these supplementary products, the company strives to offer individuals a comprehensive approach to diabetes management that encompasses not only blood sugar levels but also overall health.

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