Swiggy’s parent invests US$4.3m in ready-to-cook food startup Fingerlix

INDIA - Bundl Technologies, the parent company of online food ordering restaurant chain, Swiggy has invested US$4.37 million (Rs 31.2 crore) in a ready-to-cook food delivery startup, Fingerlix. According to filings with the Registrar of Companies sourced from Paper.vc. as mentioned by ET Retail, Fingerlix is looking to raise up to US$8.83 million (Rs 63…

Mane accelerates vegetable juice development partnership with Agrival in France

FRANCE – Flavors and fragrances company, Mane is accelerating its partnership with Agrival, a specialist in the development of natural ingredients from vegetables in France. The companies are expanding their capabilities in vegetable processing at the production plant in Brittany, France. The facility is located at the center of the vegetable growing area to minimize…

Pizza Hut Ethiopia launches first exceptional gender empowerment outlet

ETHIOPIA – American pizza chain, Pizza Hut, has launched its first ever women-operated restaurant in line with its gender empowerment ambitions through the Ethiopian Business, reports Addis Standard. Speaking during the launching event at Century Mall, Chief Executive Officer /Shareholder of Belayab foods and Pizza Hut franchise in Ethiopia, Michael Ghebru, highlighted that Pizza Hut…

South Africa’s Grand Parade appoints Mohsin Tajbhai as acting CEO

SOUTH AFRICA – Grand Parade Investments (GPI) said it has appointed Mohsin Tajbhai, as acting Chief Executive Officer in its strategy to shore up confidence in the listed empowerment company, reports Business report. The new appointment seeks to streamline GPI’s business which has been struggling to restructure its governance. Mohsin Tajbhai, who is also the…

South Africa’s restaurant chain RocoMamas’ sales sink by 6.7%

SOUTH AFRICA – south Africa’s quick service restaurant, RocoMamas posted a 6.7% decline in its six months financial results for the period ending 31st December 2018, reports Business Day.    RocoMamas is a major growth engine for Spur Corporation’s restaurant group. Pierre van Tonder, Spur crorporation Chief Executive Officer said the decline in sales from…

Amazon, Samara Capital’s bid to acquire More gets CCI’s nod

INDIA –The Competition Commission of India (CCI) has approved the Samara Capital-Amazon joint bid to acquire Aditya Birla Group’s supermarket chain More. CCI informed the approval of the proposal to Witzig Advisory Services, the entity where Samara and Amazon will invest and which is acquiring Aditya Birla Retail but however did not issue further elaborations…

Flipkart receives US$201m capital funding from parent entity

INDIA – Flipkart India, the wholesale arm of the Walmart-owned eCommerce marketplace in India, has received US$201.27 million (Rs 1,431 crore) from its Singapore-based parent entity Flipkart Private Limited. The fund infusion by Flipkart comes as the company seeks to fight off the challenge from Amazon to keep its leadership of India’s growing $18 billion…

Kellogg’s expands breakfast cereal line with new Strawberry Krispies

USA – The US food company, Kellogg’s has introduced a new flavor variant for its breakfast cereals line, Strawberry Krispies, its first new flavor in more than 10 years. The new product is an addition to Kellogg's Rice Krispies, a classic, delicious, Snap, Crackle and Pop brand that claims to be a vital source of…

High court ratifies listeriosis class action suit against Tiger Brands

SOUTH AFRICA - The Johannesburg high court certified the request by the law firms representing listeriosis claimants to amalgamate the cases against Tiger Brands into a one class action suit, reports Fin24. The listeriosis outbreak, which according to the world health organisation was the largest of its kind, infected over one thousand people and costed…

Nestle Health inaugurates US$70m global R&D center in New Jersey

USA - Nestlé Health Science has opened a new US$70 million Product Technology Center in Bridgewater, New Jersey to serve as its global research and development hub. According to Nestle, the new facility which was built over a period of three years will offer capabilities in nutrition while improving the life and health of its…