Food delivery startup Faasos in talks to raise US$100m for expansion

INDIA - Rebel Foods, owner operator of Mumbai based food delivery startup, Faasos is in talks with investors to raise more than US$100 million (Rs 735 crore) for expansion of its business. The home delivery platform is looking to enter overseas markets and expand both its product range and cloud kitchen presence nationally, suggests the…

McDonald’s India launches whole wheat buns in a nutritional foods offering

INDIA - A leading quick-service restaurant chain, McDonald’s India has introduced whole wheat buns in its restaurants to offer customers with wholesome and nutritious food offerings. According to an ET Retail report, the whole wheat buns will be available in burgers as well as other products on the breakfast menu. "McDonald's in India has been…

Cargill India launches ‘NatureFresh Acti Heart’ to expand edible oil portfolio

INDIA - Cargill India has launched 'NatureFresh Acti Heart', a healthy blended cooking oil, eying to expand increase its market share in the premium segment within two years. The new product, blended equally with Canola and rice bran oils and according to the company, it has high Omega 3 content than other products in the…

Maharashtra government to start online sale and home delivery of liquor

INDIA - The state government of Maharashtra is planning to legalize online sale and delivery of liquor at home in the state, the first in the country that will see sale of alcohol on ecommerce platforms. Such a bold move represents the government’s effort to control drunk driving, Times of India reports. "The main objective…

Hindustan Unilever posts 19.5% rise in profit to US$207m in second quarter

INDIA - Mumbai based consumer goods company, Hindustan Unilever has reported a 19.51% increase in net profit to US$207.33 million on account of double-digit growth across categories in the second quarter. According to the company’s regulatory filings, sales during the quarter under review stood at US$1.24 billion against US$1.11 billion in the year-ago period, up…

Royal DSM officially opens a second Animal Nutrition & Health premix in India

INDIA - Royal DSM, a global science-based company active in nutrition, health and sustainable living, has officially opened its second Animal Nutrition & Health premix plant in Jadcherla, India. Accoding to the company, the opening follows years of detailed research and analysis of the Indian market, with the objective of serving the market with solutions that…

PepsiCo India to focus on marketing and invest in e-commerce for profitability

INDIA - Indian maker of Pepsi Cola and Lay’s salty snacks, PepsiCo will focus on boosting its market while investing in e-commerce for profitable years ahead, an ET Retail report reveals. According to PepsiCo India president Ahmed ElSheikh, the company is seeking ways to move ahead of existing growth numbers in order to maintain profitable…

Foodpanda aims 500,000 partners by 2020 to expand delivery network

INDIA - German based mobile food delivery marketplace, Foodpanda has added 60,000 delivery partners to its network in five weeks and targets 500,000 partners by 2020. According to Times of India, is further looking to add another 60,000 delivery partners in the next two months, to keep its growth and expansion plans on track. As…

FSSAI to discuss mandatory inclusion of nutritional facts and healthy options in airline meals

INDIA - The Food Safety and Standards Authority of India has called a meeting with airlines, flight caterers and airport operators, seeking to make it mandatory for airlines to serve meal with nutritional information as well as healthier options, ET Retail reports. Airlines may need to include complete information on nutritional aspects like calories, list…

Cost-efficiency measures pull PepsiCo India back to profitability

INDIA - Snacks and beverage major PepsiCo India has reported US$25.89 million net profit for the year 2017/18 after seven years of making losses, reports ET Retail. PepsiCo’s return to profitability since 2011 was attributed to cost-efficiency measures, higher capacity utilisation and focus on high-margin products. According to its latest filings with the Registrar of…