Swiggy launches marketplace program ‘Swiggy Packaging Assist’ for restaurant partners

ASIA - Swiggy, the Indian online restaurant firm has launched 'Swiggy Packaging Assist', a marketplace program that connects restaurants with vendors of eco-friendly and food grade certified materials, reports ET Retail. Restaurants will be able to access a variety of packing solutions for their menu needs with about 30 products to begin with. These include…

China’s Tencent in talks to invest in India’s Swiggy in an upto US$700m funding

ASIA - Tencent, the Chinese investment company has joined several investors who want to invest in India’s food delivery platform Swiggy which is seeking to raise US$500-700 million. According to ET Retail, the talks which involve several existing and new investors may see an investment that could value Swiggy at US$2.5-3 billion ET Retail had…

Coca Cola India expands Minute Maid portfolio by launching Minute Mid Smoothie

INDIA – Coca Cola India has expanded its portfolio of Minute Maid by launching Minute Maid Smoothie, a delicious snack that combines the ‘Power of 3’ ingredients – Fruits, Milk and Nutrients. According to the company, this is another step towards its commitment to provide an array of healthy and nutritious beverage choices to consumers.…

Tata Beverages relocates global operations to India to focus on core business

ASIA - The Kolkata based non-alcoholic beverages company, Tata Global Beverages (TGBL) has moved some of its global operations in regions such as India, the UK and US, Canada and Australia to its headquarters Kolkata, where the services will be managed. According to Tata Group chairman, the company is focusing on its core businesses with…

Everstone to sell a minority stake in the quick-service chain Burger King India

ASIA - Everstone Capital, India’s investment firm which operates the franchise Burger King plans to sell 20% of its stake in the quick service restaurant chain, reports ET Retail. While Everstone holds about 88% of Burger King India, the parent Burger King Worldwide holds 12% stake in the restaurant. According to two people familiar with…

PepsiCo India’s marketing head Vipul Prakash resigns, Vishal Kaul to take over

ASIA - PepsiCo India’s Senior Vice President-Beverage category and transformation Vipul Prakash has stepped down to pursue an entrepreneurial opportunity outside the company. He will be succeeded by Vishal Kaul who joined the company recently from Ola and has been associated with PepsiCo since 1999. "Vipul Prakash, Senior Vice President, Beverages Category, India Region has…

Amazon India in talks to acquire minority stake in grocery chain Spencer’s Retail

ASIA - Amazon has initiated talks to acquire a minority stake in India’s food and grocery retail chain, Spencer's Retail as it seeks to penetrate the Asian market, two people mentioned by ET Retail to be familiar with the matter said. Amazon is considering alliances for an established footprint in the country’s food and grocery…

Nestle launches noodles brand Maggi on Flipkart’s ecommerce platform in India

ASIA - Nestle India has launched its new Maggi Special Masala Noodles on Walmart-owned online platform Flipkart, solely available via ecommerce until it hits retail stores on August 31. Nestle’s new finely ground and whole spices reiterates the company’s focus on new product development for its instant noodle category. “It will give a chance to…

Indiana Packers agrees to acquire Speciality Foods Group in undisclosed sum

INDIA - Indiana Packers Corp. (IPC), a subsidiary of Tokyo-based Mitsubishi Corp., has reached an agreement to acquire Specialty Foods Group, L.L.C., in undisclosed financial terms. According to the company, it said the acquisition will strengthen its foundation for growth as well as position it to leverage valuable synergies relating to raw material utilization, manufacturing…

India is the fastest growing market for Uber Eats globally, says Uber

ASIA - US based technologies company Uber has said that India is the fastest growing market for its food delivery platform Uber Eats and it plans to rapidly expand in the country to cover more cities. The company said the number of orders on its platform had "more than quadrupled" in the last three months…