Indian dairy tech startup Country Delight plans to enter grocery delivery after raising US$25m

INDIA – Country Delight, a fast-rising dairy tech startup now plans to venture into grocery delivery following a successful series C funding round where it was able to raise US$25 million. The round, according to a report by India Times, was led by Elevation Capital and also features existing backers Matrix Partners, Orios Venture Partners and IIFL PE Fund. With an aim to revolutionise milk consumption in India, Country Delight was founded in 2015 by Chakradhar Gade and Nitin Kaushal. The startup provides locally sourced, natural, cow, buffalo milk, bread,…

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World’s Design and Packaging organizations partner to support sustainable packaging innovation

GLOBAL – The “go green revolution” has got a new boost following a decision by the World Design Organization (WDO) and the World Packaging Organisation (WPO) to partner in exploring opportunities for sustainable design in the packaging industry. According to a report by FoodBev, the aim of the partnership is to drive advancements in the materials that package and protect everyday products such as food so as to foster safety and useability while at the same time reducing impact on environment. To achieve this objective, the two organisations have signed…

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Food ingredients company IMCD inaugurates pilot plant for meat, seafood and plant-based analogues in Thailand

THAILAND – Netherland-based distributor of speciality food ingredients and flavours IMCD has inaugurated a new pilot plant for meat, seafood and plant-based analogues in Thailand, to better support customers in the Asia Pacific region. Founded in 1995, IMCD has grown over time, expanding its foot print first in Europe then to the rest of the World. 25 years after it was first formed, IMCD boasts of a global footprint that spans over 50 countries in 6 continents and can confidently boast of being a global leader in formulation and distribution…

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Cargill invests US$100m in Indonesian sweetener plant, to inject a further US$20m in Malaysian palm oil facility upgrade

ASIA – Agricultural commodities trading company Cargill is on a new expansion drive, injecting about US$100 million in the expansion of its Indonesian sweetener plant. The company has also announced plans of investing another US$20 million in expanding modenizing its palm oil production facility in Port Klang, Malaysia. Cargill, which holds the title of being America’s largest privately held corporation, explained that the Indonesian sweetener plant expansion was aimed at meeting increasing demand for for corn-based starches, sweeteners and animal feed ingredients. According to a statement from Cargill , the…

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