Latin American bevtech giant Beliv acquires renowned RTD coffee brand High Brew

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July 27, 2023

Beliv, the Latin American beverage technology company, recently secured a significant 78% ownership of High Brew, a renowned US-based brand specializing in ready-to-drink cold brew coffee.

Having a diverse portfolio of more than 40 brands and a strong market presence in 30 countries, the recent acquisition aligns perfectly with Beliv’s overarching strategy for global expansion and its unwavering commitment to consumer needs. This strategic move further solidifies Beliv’s position in the US market, where it already has a significant presence through its OCA, Güitig, Petit, and Big Easy brands.

Beliv operates in China, Europe and Latin America, offering a wide range of beverage options that include natural energy drinks, functional and carbonated waters, s well as juices and nectars. The company noted that citrus juices “holds a prominent position in Argentina, Uruguay, Chile and the Asian market”.

High Brew has established a strong foothold in the ready-to-drink cold brew coffee market. Their expertise lies in utilizing a cold extraction process, which naturally imbues the product with higher levels of antioxidants. This unique approach enhances the coffee’s original flavor profile while simultaneously reducing the typical acidity found in beverages brewed using traditional heat-based methods.

Avaialble in 8oz cans, High Brew is 100% natural, low in sugar and currently available in 11 flavours: Double Espresso, Mexican Vanilla, Dark Chocolate Mocha, Black Triple Shot, Black & Bold, Creamy Cappuccino + Protein, Nitro Caramel Cold Brew, Nitro Cold Brew, Nitro Sweet Cold Brew, Peppermint Mocha and Espresso Triple Shot.

David Smith, the Founder of High Brew, will retain ownership of the remaining 22% share of the company, alongside its current investors. However, in a new capacity, Smith will now join Beliv as a consultant, leveraging his extensive knowledge and experience in the Food & Beverage industry. His valuable insights will play a crucial role in guiding Beliv’s expanding portfolio in the years to come.

Carlos Sluman, Founder, CEO and partner of Beliv, said, “The entrepreneurial spirit is our point of connection, and we have a strong desire to build together our growth in the US, which is one of the strategic markets for the expansion of Beliv’s business. This acquisition is essential to continue developing a well-positioned and solid portfolio, backed by a consumer-centric vision.”

“With High Brew, we are adding a disruptive product in a booming category, through its distribution to 15,000 sale points in the US and the collaboration with 54 strategic partners,” he added.

High Brew Founder Smith commented, “Undoubtedly, we share the same identity, commitment and vocation,” adding that “sustainability will continue to be a differential value in the operation since High Brew needs the best beans to make the best coffee, and this means supporting all those who participate in the value chain.”

Paytm E-commerce joins forces with ONDC and NCCF to provide affordable tomatoes at INR 70/kg in Delhi-NCR region

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July 27, 2023

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On Tuesday, Paytm E-commerce Pvt Ltd (PEPL) announced its collaboration with ONDC and NCCF to offer tomatoes at a price of INR 70 per kg in the Delhi-NCR region. The initiative is aimed at providing affordable tomatoes to consumers. Notably, the National Cooperative Consumers Federation (NCCF) and NAFED, acting on behalf of the central government, are already selling tomatoes at the same rate through mobile vans in Delhi-NCR and a few other chosen cities.

In a statement, PEPL said it will sell “tomatoes (at) INR 70 per kilogram through National Cooperative Consumers Federation (NCCF) for users in Delhi-NCR on Paytm ONDC.”

Under this arrangement, users on the Paytm app can avail themselves of a maximum purchase limit of two kilograms of tomatoes per week at the price of INR 140, inclusive of free delivery, through ONDC (Open Network for Digital Commerce).

This move will benefit the users as retail prices of tomatoes in some cities have crossed INR 200 per kg, the statement said.

The company spokesperson said, “The rising prices of a kitchen essential like tomato has been affecting many across the country. With this collaboration between NCCF and ONDC, our users in Delhi-NCR can now easily get tomatoes at affordable prices.”

Backed by the Government of India, Open Network for Digital Commerce (ONDC) has been created to democratise the existing e-commerce ecosystem of the country.

Tata Consumer Products reports strong Q1 performance, net profit surges 30% to INR 358.57 Crore

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July 27, 2023

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Tata Consumer Products Ltd (TCPL) reported a commendable 29.67 per cent rise in consolidated net profit to INR 358.57 crore in the first quarter ended June 30. This impressive growth can be attributed to the company’s strong performance in its domestic business segment.

In a BSE filing, TCPL (formerly known as Tata Global Beverages Ltd) stated that in the April-June quarter of the previous year, the company had recorded a net profit of INR 276.51 crore.

During the quarter under review, TCPL witnessed a notable increase in its revenue from operations, rising by 12.45 per cent to reach INR 3,741.21 crore. This growth marked a significant improvement compared to the corresponding period of the preceding fiscal when the revenue stood at INR 3,326.83 crore.

“Revenue from operations increased by 12 per cent as compared to the corresponding quarter of the previous year, mainly driven by strong growth of 16 per cent in India business, 3 per cent in international business and 5 per cent in non-branded business,” TCPL said in an earnings statement.

The “profit before exceptional items and tax at INR 495 crore is higher by 23 per cent reflecting strong growth in the India branded business and improved performance in international and non-branded business,” it said.

In the first quarter of the current fiscal year, the total expenses of Tata Consumer Products Ltd (TCPL), the Tata Group’s FMCG arm, amounted to INR 3,304.36 crore, showing a notable increase of 11.68 per cent when compared to the expenses incurred during the same period in the previous year.

In the June quarter, TCPL’s total income reached INR 3,798.96 crore, exhibiting a notable increase of 12.99 per cent.

During the June quarter, TCPL’s overall branded business experienced a significant growth of 13.11 per cent, reaching INR 3,372.75 crore. This substantial improvement was noteworthy when compared to the corresponding quarter of the previous fiscal, where the overall branded business had amounted to INR 2,981.82 crore.

TCPL boasts a range of branded ventures encompassing tea, coffee, water, and an array of other enticing value-added enterprises.

The revenue from TCPL’s branded business in the Indian market reached INR 2,477.93 crore, reflecting a notable increase of 15.51 per cent.

Within the coffee segment, TCPL sustained its robust performance, achieving an impressive revenue growth of 21 per cent in the domestic market.

“For the quarter, the India foods business delivered 24 per cent revenue growth and 6 per cent volume growth,” the company said.

The revenue from TCPL’s non-branded business, encompassing plantation and extraction activities for tea and coffee, amounted to INR 377.05 crore in the June quarter, marking a notable growth of 7.2 per cent.

Tata Starbucks, a joint venture equally shared by Tata Consumer Products Ltd and Starbucks Corporation, also achieved an impressive “strong revenue growth” of 21 per cent during the June quarter.

According to TCPL’s Managing Director & CEO, Sunil D’Souza, the June quarter witnessed positive outcomes from the implemented interventions in the branded tea business, resulting in volume growth for the second consecutive quarter.

“We continue to maintain volume growth momentum in Salt, despite the pricing actions taken earlier to manage inflation,” he added.

The company continued to accelerate innovation across categories with a number of new launches to expand our total addressable market.

“Our growth businesses (Tata Sampann, Tata Soulfull and NourishCo ) continued their strong growth trajectory, they grew by 58 per cent this quarter and accounted for 20 per cent of the India branded business. Tata Starbucks continued to deliver a strong performance along with store expansion,” he said.

Shares of Tata Consumer Products Ltd on Wednesday settled at INR 874.10 on BSE, up 0.67 per cent from the previous close.

Nutrition brand Herbalife records impressive USD 677 Million sales in India during CY 2022

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July 27, 2023

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Herbalife (Representative Image)

According to Samantha Clayton, the Vice President of Sports Nutrition and Fitness Education at Herbalife, India has emerged as the world’s second-largest market for the renowned global nutrition brand, right behind the United States.

During the past three years, the nutrition company asserts that it has achieved substantial double-digit growth. Specifically, for the year ending on December 31, 2022, the brand’s net sales in India reached an impressive USD 677.1 million, contributing to Herbalife’s overall global sales of USD 5204.4 million.

According to Clayton, Herbalife has experienced a notable surge in sales volumes in India over the recent years, thanks to the company’s consistent endeavors in promoting and diversifying its product portfolio. She further highlighted that Herbalife’s success in India is attributed to a comprehensive strategy that includes multiple approaches, along with long-term investments in education, a commitment that has been integral to the company since its inception approximately 40 years ago.

Clayton revealed that Herbalife allocates approximately 3.6 per cent of its net sales, amounting to USD 24.3 million, for marketing and advertising purposes. She emphasized that the brand remains dedicated to innovating and introducing new products within the nutrition and wellness sector in the future.

“The establishment of the ‘Centre of Excellence’ in Bengaluru showcases our commitment to research and development, and our focus on delivering innovative and high-quality products,” commented Clayton on expansion plans in India.

Herbalife provides a range of sports nutrition and energy fitness products, encompassing items like protein shakes, probiotics, fibers, multivitamins, and energy boosters.

India’s ban on rice exports expected to worsen global food price volatility, warns IMF Chief Economist

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July 27, 2023

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According to Pierre-Olivier Gourinchas, the Chief Economist and Director of the IMF, India’s restrictions on the export of specific rice varieties are expected to worsen food price volatility across the globe.

“And they (the ban on rice exports) can also lead to retaliatory measures. So, they are certainly something that we would encourage the removal of these type of export restrictions, because they can be harmful globally,” Gourinchas said in a press conference after it launched World Economic Outlook on Tuesday.

During the press conference, he was questioned about the potential impact of India’s decision to restrict the export of certain rice categories on global inflation.

Significantly, India’s ban on rice exports occurred shortly after Russia’s announcement of withdrawing from the United Nations and Turkey-brokered Black Sea grain deal.

The Chief Economist of the IMF highlighted the crucial role played by the Black Sea Grain Initiative in ensuring an abundant supply of grain to the world in the previous year.

“And there are estimates of about 33 million tons of grain that were shipped from Ukraine to the rest of the world. And it helped keep price pressures on food and grain prices lower,” Gourinchas said.

“…now that this grain deal has been suspended, the same mechanics works in reverse, and it’s likely to put upward pressure on food prices,” he added.

According to the IMF economist, grain prices are projected to increase by 10-15 percent.

On the last Thursday, the central government made amendments to the rice export regulations, placing non-basmati white rice in the “prohibited” category.

The export policy concerning non-basmati white rice (Semi-milled or wholly milled rice, whether or not polished or glazed: Other) was promptly changed from “free” to “prohibited,” and the new policy took effect immediately.

Nevertheless, exports will be permitted on the condition that the government grants permission to other countries to fulfill their food security requirements, as per their respective government’s requests.

India’s non-basmati rice is primarily imported by several countries, including Benin in West Africa. Additionally, other major destination countries for this rice variety include Nepal, Bangladesh, China, Cote D’Ivoire, Togo, Senegal, Guinea, Vietnam, Djibouti, Madagascar, Cameroon, Somalia, Malaysia, Liberia, and the United Arab Emirates (UAE).

In September 2022, India implemented a ban on the export of broken rice and imposed a 20 percent duty on non-Basmati rice exports, excluding parboiled rice. This decision was driven by concerns over an anticipated decrease in production caused by a reduction in the paddy crop area. However, in November, the ban was subsequently lifted.

Sovereign wealth fund QIA to invest $1 Billion in Reliance Retail Ventures, eyeing 1% stake

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July 27, 2023

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According to banking sources, the Qatar Investment Authority (QIA), a sovereign wealth fund, is currently in discussions with Reliance Industries Ltd (RIL) to make a significant investment of up to $1 billion. The investment aims to acquire a 1 per cent stake in Reliance Retail Ventures Ltd (RRVL), the holding firm for RIL’s retail business. As per the discussions, the proposed investment by the QIA would value RRVL at approximately $100 billion.

The firm owned by Mukesh Ambani is exploring options to unleash the potential of its retail and telecom divisions through public listings.

At the $100 billion valuation, the Qatar Investment Authority’s investment would result in significant profits for several private equity firms that had previously invested approximately $6.38 billion to acquire a 10.09 per cent stake in RRVL back in 2020.

The list of investors comprised KKR & Co and Saudi Arabia’s Public Investment Board. The remaining stake in RRVL is held by RIL and its affiliated companies.

An RIL spokesperson said, “The company evaluates opportunities on an ongoing basis. As a principle, we do not comment on market speculation and rumour.” A QIA spokesperson declined to comment.

According to a recent report by JM Financial, RRVL was valued at $105 billion. The report highlighted that the company’s Ebitda (earnings before interest, taxes, depreciation, and amortisation) for fiscal year 2023 was 2-4 per cent higher than its subsidiary, Reliance Retail Ltd. This was attributed to RRVL having relatively fewer assets apart from its stake in RRL.

Since 2015, Reliance Industries Ltd (RIL) has undertaken a remarkable journey, transforming Reliance Retail into a nationwide powerhouse boasting an impressive network of 18,000 stores. Its remarkable sales of $30 billion have captured the attention of foreign investors, making it an enticing and attractive prospect for investment.

The implied valuation of RRVL surpassed JM Financial’s previous estimate of $90-100 billion for the entire retail business by 5-10 per cent.

The valuation was determined based on Reliance Retail’s recent announcement regarding the extinguishment of equity shares, amounting to 0.04 per cent, held by non-promoters. This move is anticipated to result in a potential outflow of INR 500 crore.

Simultaneously, JM Financial stated that, following an independent calculation of INR 850-900 per share, the implied valuation for Reliance Retail amounted to $100 billion.

During the June quarter, Reliance Retail witnessed substantial growth, with revenue amounting to INR 69,948 crore, marking a remarkable 19.5 per cent increase compared to the previous year. This growth was primarily driven by the impressive performance of its groceries, consumer electronics, and fashion and lifestyle product segments.

The company achieved a commendable Ebitda of INR 5,139 crore, indicating a significant YoY growth of 33.9 per cent.

“Beyond earnings, we believe potential value unlocking via stake sales/IPO/listings could be a material stock price driver over the next 2-3 years. We go back to the Chairman’s closing comments in last year’s AGM (annual general meeting) where he talked about doubling RIL’s market cap in five years and next-gen leaders taking over businesses, and this points to value unlocking in RIL,” wrote analysts at JP Morgan, referring to Ambani’s speech.

FMCG giant Marico makes significant move, acquires 58% stake in D2C nutrition brand Plix for INR 369 Cr

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July 27, 2023

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Marico, a leading FMCG major, made an announcement on Wednesday, July 26, stating that it has reached a definitive agreement to acquire a significant majority stake of 58% in Plix, a thriving direct-to-consumer (D2C) nutrition brand. The acquisition deal is valued at a substantial INR 369.01 Crores.

The consumer goods company, in a regulatory filing with the stock exchanges, disclosed that the cash-only transaction will be carried out in several installments or tranches.

On July 26, Wednesday, the company completed the acquisition of a 32.75% stake in Satiya Nutraceuticals, the parent company of Plix, through a combination of primary infusion and secondary buyouts. As a result, Marico has gained a controlling interest in Plix’s board, effectively making it a subsidiary of the FMCG giant.

Additionally, the acquisition of the remaining 25.25% of the paid-up share capital of the D2C brand is scheduled for completion by May 2025, subject to specific conditions. Moreover, the FMCG major has obtained the option to purchase the remaining 42% stake in Satiya Nutraceuticals at a later date.

Through this deal, Marico will be able to broaden its total addressable market in the nutrition segment and strengthen its presence in the health and wellness category. Concurrently, the plant-based D2C brand will capitalize on Marico’s extensive resources to enhance its offline presence in the coming years.

Saugata Gupta, Marico’s Managing Director and Chief Executive Officer, said, “In line with our strategy to accelerate our diversification journey, the investment in Plix not only expands our total addressable market in value-added wellness foods and nutrition segments, but also brings another digital-first brand with a distinct value proposition into our fold.”

In a joint statement, Plix’s cofounders Rishubh Satiya and Akash Zaveri said, “We are delighted to partner with Marico… In partnership with Marico, we will prioritise strengthening the brand’s equity and expedite growth by expanding into new categories and channels.”

Established in 2020 by Satiya and Zaveri, Plix Life is a Mumbai-based D2C startup that specializes in selling a wide range of plant-based nutrition products. Their product offerings include workout supplements, ingestible sunscreens, hair growth serums, and skincare products.

In December 2021, as part of its Series A funding round, the startup secured $5 million from Guild Capital and RPSG Ventures. Since its establishment, the company has demonstrated consistent growth in its turnover. During the financial year 2019-20, it reported a turnover of INR 10.92 Crores, which substantially increased to INR 41.58 Crores in FY21. Remarkably, the company concluded FY22 with an impressive turnover of INR 106 Crores.

Among others, the D2C brand competes with well-known names like OZiva, Setu Nutrition, and Fast&Up.

At the start of the year, Plix offered a diverse range of over 60 SKUs spread across six categories, available through its official website, various ecommerce marketplaces, and offline retail outlets. Impressively, the company has successfully served over 1.5 million customers across the country to date.

It is worth mentioning that this is not Marico’s initial foray into the D2C arena. Over the past few years, the FMCG giant has fortified its presence in the digital space through strategic acquisitions. Notably, Marico acquired a controlling stake in D2C Ayurveda brand Apcos Naturals in 2021 and a healthy snacks startup named True Elements in 2022.

In addition to its acquisitions, Marico has made notable investments in D2C startups like Beardo and Revofit. Furthermore, there were reports last year suggesting that the consumer goods company was exploring the possibility of establishing a Thrasio-style model for its D2C brands.

This move by Marico reinforces its commitment to expanding its presence in the health and wellness category, which has witnessed a surge of acquisitions by various FMCG players in the past year. Notably, ITC acquired Yoga Bar, while Hindustan Unilever invested in OZiva and Wellbeing Nutrition. Clearly, the health and wellness sector has become a competitive battleground for FMCG giants, and Marico’s recent actions reflect its active engagement in this dynamic market.

The focal point of this trend is the thriving health and wellness category, which has experienced significant growth in recent years, fueled by the widespread adoption of ecommerce and the emergence of numerous D2C startups.

Skippi launches indulgent and healthy cornsticks to enhance snacking experience

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July 27, 2023

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After achieving remarkable success in crafting India’s finest ice-pops, Skippi has ventured into the retail industry, presenting a captivating array of fast-moving consumer goods (FMCG) with the highly anticipated debut of Skippi Cornsticks. This delightful snack series boasts four irresistible flavors – Tangy Tomato, Thai Chilli, Sweet Corn, and Magic Masala – and will be exclusively accessible through Skippi’s official website.

Skippi’s Corn Stick guarantees an unparalleled snacking adventure, treating your taste buds to an explosion of irresistible flavors. Embrace delightful tea-time moments or delight your taste buds during school treats with this mouthwatering snack that is certain to captivate your palate. Elevate your snacking experience with Corn Stick by Skippi – your new favorite 4 PM treat is here, waiting to be savored!

With a vision to transform the F&B landscape, Skippi takes great pride in unveiling India’s inaugural Cornsticks. Meticulously designed for those moments when you need a quick pick-me-up, Corn Stick delivers a scrumptious and crispy delight while keeping your dietary requirements in mind. Indulge without guilt, as these snacks are gluten-free, palm oil-free, cholesterol-free, and boast zero trans-fat, allowing you to relish them with a clear conscience. Crafted from the finest corn, these Cornsticks strike the perfect balance between health and flavor.

Ravi Kabra, Co-Founder of Skippi said, “We are very excited for the launch of our latest Cornsticks and believe it will be an absolute game changer for Skippi as we enter into a new product category. After immense research, we have been able to strike the perfect balance between a healthy and tasty product.”

Ready in 15 Minutes! Try This Irresistible Plant-Based Keema Pulao Recipe for a Flavor-Packed Dinner Delight!

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July 27, 2023

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Looking for a quick and scrumptious dinner idea that is both nutritious and bursting with flavor? Look no further! This plant-based Keema Pulao recipe is the perfect dish to tantalize your taste buds and satisfy your hunger. Traditionally made with meat, our vegan twist on this classic Indian rice dish replaces the meat with protein-rich plant-based alternatives, making it not only delicious but also suitable for vegans and vegetarians. With simple ingredients and minimal preparation time, this recipe is a true game-changer for busy weeknights when you crave a delightful and satisfying meal in just 15 minutes!

Ingredients:

2 cups of basmati rice
1 cup of plant-based protein crumbles (e.g., soy or lentil-based)
1 large onion, finely chopped
2 cloves of garlic, minced
1-inch piece of ginger, grated
1 cup of mixed vegetables (carrots, peas, and corn)
2 tablespoons of vegetable oil
1 teaspoon cumin seeds
1 bay leaf
4-5 cloves
4-5 green cardamom pods
1 cinnamon stick
1 teaspoon turmeric powder
1 teaspoon garam masala
Salt to taste
Fresh cilantro, chopped, for garnish
Lemon wedges, for serving

Instructions:

1. Rinse the basmati rice in cold water until the water runs clear. Soak the rice in water for 15 minutes, then drain and set aside.

2. In a large pan or pot, heat the vegetable oil over medium heat. Add the cumin seeds, bay leaf, cloves, green cardamom pods, and cinnamon stick. Sauté for a minute or until the spices release their aroma.

3. Add the finely chopped onions to the pan and cook until they become soft and translucent.

4. Stir in the minced garlic and grated ginger, cooking for an additional minute or until the raw smell disappears.

5. Incorporate the plant-based protein crumbles into the mixture and sauté for 2-3 minutes, allowing them to absorb the flavors of the spices.

6. Toss in the mixed vegetables (carrots, peas, and corn), and cook for another 2-3 minutes until they become tender.

7. Now, add the soaked basmati rice to the pan, along with turmeric powder, garam masala, and salt to taste. Gently mix everything together to ensure the spices are evenly distributed throughout the dish.

8. Pour 3 ½ cups of water into the pan and bring the mixture to a boil. Reduce the heat to low, cover the pan with a tight-fitting lid, and let it simmer for about 10 minutes or until the rice is cooked and the water is absorbed.

9. Once the Keema Pulao is ready, remove the pan from the heat and let it sit, covered, for an additional 5 minutes. This resting period allows the flavors to meld together and the rice to fluff up perfectly.

10. After the resting period, remove the lid and gently fluff the pulao with a fork.

11. Garnish the Keema Pulao with freshly chopped cilantro for a burst of freshness and color.

12. Serve the mouthwatering plant-based Keema Pulao hot, with lemon wedges on the side for an extra zing of citrusy goodness.

Tips and Variations:

1. Customization: Feel free to experiment with the choice of plant-based protein, such as soy granules, lentils, or even chickpeas. Each alternative will add its unique texture and taste to the dish.

2. Spice Level: Adjust the amount of garam masala and chili powder to your preferred spice level. If you prefer a milder flavor, reduce the quantity of these spices.

3. Nuts and Raisins: For an added layer of richness and sweetness, you can toss in some toasted nuts and raisins before serving.

4. Accompaniments: Serve this aromatic Keema Pulao with a cooling cucumber raita or a tangy mango chutney for a delightful combination of flavors.

5. Meal Prep: You can make the cooking process even quicker by prepping the vegetables and measuring the spices ahead of time.

Final Thoughts:

With this quick and delightful plant-based Keema Pulao recipe, you can now enjoy a flavor-packed dinner without spending hours in the kitchen. The combination of aromatic spices, protein-rich plant-based crumbles, and fluffy basmati rice will leave you craving more of this irresistible dinner delight. Try it tonight and enjoy a delicious and wholesome meal!

Mumbai’s Best-Kept Secret: 10 Budget-Friendly Restaurants Every Food Lover Must Try!

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July 27, 2023

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Mumbai, the bustling metropolis known for its vibrant culture, Bollywood glamour, and stunning coastline, is also a food lover’s paradise. Amidst the high-end restaurants and trendy eateries that adorn the city, there exists a hidden treasure trove of budget-friendly restaurants that offer delectable culinary delights without breaking the bank. In this article, we will explore Mumbai’s best-kept secret – ten budget-friendly restaurants that every food lover must try.

1. Gully Bites – Embracing Mumbai’s Street Food Culture:

Nestled in the bustling streets of Colaba, Gully Bites offers an authentic experience of Mumbai’s street food delights. From lip-smacking vada pav to tangy bhel puri, and from spicy pav bhaji to crispy sev puri, this eatery captures the essence of Mumbai’s culinary legacy. The vibrant ambiance and pocket-friendly prices make it a hotspot for both locals and tourists looking to savor the true flavors of the city.

2. Café Irani Chaii – A Legacy of Parsi Cuisine:

Located in the heritage precinct of Fort, Café Irani Chaii exudes old-world charm and offers a delightful range of Parsi delicacies. Known for its iconic Irani chai, bun maska, and mawa cake, this eatery takes visitors on a nostalgic journey through Mumbai’s culinary history. The reasonable prices and quaint atmosphere make it a perfect spot to unwind and indulge in some delectable Parsi comfort food.

3. Britannia & Co. – A Slice of Mumbai’s Parsi Legacy:

Tucked away in Ballard Estate, Britannia & Co. is another hidden gem that celebrates Mumbai’s Parsi heritage. Established in 1923, this restaurant has retained its authenticity over the years. Visitors flock here to relish the iconic berry pulao, dhansak, and caramel custard, which have remained crowd favorites for generations. The warm hospitality and homely ambiance add to the overall charm of this restaurant.

4. Prakash Upahaar Kendra – South Indian Delights:

Mumbai’s culinary scene is incomplete without the rich flavors of South Indian cuisine. Prakash Upahaar Kendra in Dadar is renowned for its authentic dosas, idlis, and uttapams. With its reasonable prices and generous portions, it has become a go-to spot for both South Indian food enthusiasts and budget-conscious diners. The purity of taste and no-frills ambiance keep patrons coming back for more.

5. Bademiya – A Midnight Grub Hub:

Mumbai’s nightlife is synonymous with the mouthwatering street food offered at Bademiya, a humble eatery tucked away in Colaba. This place comes alive after dark and serves succulent kebabs, rolls, and biryanis to the hungry nocturnal souls. Despite its ever-growing popularity, Bademiya has managed to retain its budget-friendly appeal, making it a favorite haunt for late-night foodies.

6. Jai Jawan – Taste of Maharashtra’s Traditional Thali:

For those seeking an authentic Maharashtrian culinary experience, Jai Jawan in Bandra is a must-visit. This restaurant offers a traditional thali, featuring an array of Maharashtrian delicacies like puran poli, vada, and sol kadhi. The homely ambiance and affordable pricing make it a fantastic option for families and food enthusiasts looking to explore the diverse flavors of Maharashtra.

7. Ling’s Pavilion – Chinese and Parsi Fusion:

Ling’s Pavilion, nestled in Colaba, offers a unique culinary fusion of Chinese and Parsi cuisine. This restaurant has been serving delightful dishes like salli boti, patra ni machi, and prawn toast for several decades. The pocket-friendly menu and cozy setting make it a favorite among locals and travelers alike, seeking an exciting twist to their taste buds.

8. Café Madras – A Dose of South Indian Nostalgia:

Café Madras in Matunga is another iconic destination for authentic South Indian fare. Known for its impeccable filter coffee, crisp dosas, and delectable chutneys, this restaurant carries a sense of nostalgia for many Mumbaikars. The budget-friendly prices and quick service ensure a constant stream of patrons seeking a fulfilling South Indian meal.

9. Bhagat Tarachand – A Vegetarian Haven:

For vegetarian food lovers, Bhagat Tarachand in Chembur offers a scrumptious range of Gujarati and North Indian dishes. With its unlimited thali options and an extensive à la carte menu, this restaurant has something to please every palate. The family-friendly ambiance and economical prices make it a popular choice for gatherings and casual dining.

10. Bachelorr’s – Mumbai’s Beloved Ice Cream Parlor:

No food journey in Mumbai is complete without indulging in some dessert delights, and Bachelorr’s in Chowpatty is the ultimate destination for ice cream lovers. Established in 1939, this ice cream parlor has stood the test of time with its lip-smacking flavors and innovative creations. Despite its legacy, Bachelorr’s remains a budget-friendly option, attracting patrons from all walks of life.

Final Thoughts:

Mumbai’s gastronomic delights extend far beyond its high-end restaurants, and the city’s budget-friendly eateries are a testament to its diverse culinary heritage. From savory street food to traditional regional cuisines, these ten hidden gems offer a plethora of flavors without burning a hole in your pocket. So, the next time you find yourself in Mumbai, venture off the beaten path and immerse yourself in the delectable offerings of these budget-friendly restaurants – a food lover’s paradise waiting to be explored!

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