Dairy.com expands into India with the acquisition of supply chain solutions supplier Mr.Milkman

INDIA – America’s leading dairy technology, services, and intelligence provider, Dairy.com, has acquired Mr.Milkman to strengthen its integrated supply chain solution offerings for dairies worldwide.  Already used by over 60+ Indian dairy brands, Mr.Milkman enables dairy food product companies to efficiently manage multiple aspects of dairy distribution, supply chain, customer subscriptions and delivery requests.  “Our entire company is proud to be joining the talented Dairy.com team to accelerate the development of our last-mile delivery solution to meet the rising customer needs,”  said Mr.Milkman Chief Executive Officer and Co-founder Samarth Setia.    “We also look forward to…

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AB InBev explores US$1.2B sale of German brands as part of beyond the beer aisle strategy

GERMANY – Belgium-based multinational drink and brewing company Anheuser-Busch InBev is exploring a sale of some of its German beer brands as it focuses on growth beyond the beer aisle, Bloomberg has reported.   Bloomberg, citing people familiar with the matter, noted that the world’s largest brewer was in the business review stage and there’s no certainty that it will decide to proceed with a sale of the German brands which are valued at about US$1.2 billion.   “We continuously assess our options to optimize our business and drive growth,” a spokesperson…

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Meat startup Licious becomes latest India unicorn after raising US$52m in latest funding round

INDIA –  Licious, a direct-to-consumer fresh meat and seafood brand, is the latest Indian food startup to achieve the highly sought-after Unicorn status after raising US$52 million in a Series G funding round.  The round, led by IIFL’s Late Stage Tech Fund and Avendus, takes the company to a post-money valuation of US$1.05 billion, making it the latest entrant to the coveted unicorn club of companies having more than a billion dollars in valuation.  Lucious cofounder Vivek Gupta,  told reporters in an interview that the startup planned to use the recently acquired funds to…

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Nigerian finger foods maker smallChops plans expansion beyond Lagos after strong post-COVID growth

NIGERIA – Small, bite-sized, brimming with flavours, finger foods are what makes house parties and get-togethers memorable affairs. Nigeria-based startup offering a wide range of finger foods, smallChops, is planning on expanding to other cities in the country and across Africa having seen an average 20 per cent month-on-month growth since the onset of the COVID-19 pandemic. Formed in August 2016, smallChops delivers different finger food – “small chops” – packages straight to consumers’ homes or any location of their choosing through its website and other channels like WhatsApp, Instagram,…

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Afri-Plastics Challenge shifts to second strand seeking new solutions to reduce plastic usage across Sub-Saharan Africa

AFRICA – The government of Canada in partnership with Nesta Challenges, have launched the second strand of the Afri-Plastics Challenge, focusing on creating solutions. This strand invites individuals or organisations with a new or early-stage idea that seeks to reduce or eliminate plastic usage across Sub-Saharan Africa to apply for the Afri-Plastics Challenge. The challenge’s first strand, Accelerating Growth, was launched in July 2021 and it is ongoing, showcasing the best innovations designed to improve plastic waste management in a socially and environmentally responsible way. For the second strand, Creating…

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AfDB to equip 40 million farmers with modern, climate resilient technologies by 2026

AFRICA – The African Development Bank (AfDB) has announced plans to reach over 40 million farmers with modern and climate resilient technologies in the next five years. According to the multilateral financial institution, its Feed Africa Strategy through its Technologies for African Agricultural Transformation (TAAT) programme has so far provided 11 million farmers across 29 African countries with proven agricultural technologies for food security. The AfDB maintained that food production has expanded by 12 million metric tonnes under the initiative while saving US$814 million worth of food imports. The President,…

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Drink maker Pura Beverages debuts new low sugar kids’ range, ZZ2 Afrikado launches 12 avocado varietals in SA

SOUTH AFRICA – South African company Pura Beverages, known for its ‘better-for-you’ soft drinks, has launched a new range of beverage with lower in sugar, designed specifically for kids. Pura Kids is natural flavour-infused kids drink created with health-conscious parents in mind. It’s preservative and colourant-free, contains just 34 calories and comes in four natural flavours – mixed berry, pink lady apple, peach and lemonade, reports BizCommunity. “Pura Kids comes without the sugar rush that drives parents crazy by sending kids bouncing off the walls,” says Greig Jansen, CEO of…

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Mondelez International launches Aquaponics Social Enterprise initiative in South Africa

SOUTH AFRICA – The multinational confectionery firm, Mondelez International, has launched an Aquaponics Social Enterprise initiative aimed at empowering South African youth to engage in modern farming methods. As the primary economic activity in South Africa’s rural areas, the National Development Plan states that the agriculture sector has the potential to create close to 1 million jobs by 2030. While the sector’s potential has long been recognised, its conversion into meaningful benefits for previously disadvantaged South Africans, especially young women, has taken place at a painfully slow pace. However, challenges…

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PepsiCo raises annual revenue forecast, warns of potential price hikes as supply disruptions persist

USA – American multinational snack and beverage company PepsiCo Inc has raised its full-year revenue as lifting of pandemic-induced restrictions boosted demand for its sodas and snacks.  During the release of its Q3 results the company said it was expecting fiscal 2021 organic revenue to rise about 8%, compared with its prior forecast of a 6% increase.  PepsiCo’s net revenue rose 11.6% to US$20.19 billion in the quarter ended Sept. 4, above analysts’ estimates of US$19.39 billion, according to IBES data from Refinitiv.  The company said revenue from its North America Beverage unit, its…

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Alternative protein startup Aleph expands presence in Asia through new partnerships with Thai Union, CJ CheilJedang

 ASIA – Israeli-based cultured meat startup Aleph Farms is set to expand its presence in the Asia-Pacific region through a new partnership with global protein leader Thai Union and global food and lifestyle company CJ CheilJedang.  “As part of these agreements, Thai Union and CJ CheilJedang will help us accelerate our scale-up, go-to-market activities, and elevate distribution of cultivated meat in existing marketing channels across the APAC region,” Aleph Farms said in a statement.  Asia is leading the global food industry in supporting and adopting cell-cultured meats with Singapore becoming the first…

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