South Africa Food Lover’s opens in new branch to grow footprint

SOUTH AFRICA – Food Lover’s Market, a fast food and grocery and store in South Africa has opened a new fast food outlet in Braamfontein’s Business Improvement District (BID), expanding its Eatery concept in the […]

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 […]

Premier Foods CEO Gavin Darby to step down, considers Ambrosia brand sale

UK – The British grocery and food manufacturer has said that its Chief Executive Officer, Gavin Darby will step down from the company in January, soon after announcing that it is considering sale of its […]

Flipkart CEO Binny Bansal resigns after personal misconduct investigation

INDIA – Walmart owned Flipkart’s Chief Executive Officer (CEO), Binny Bansal has resigned from the company following an investigation into an alleged ‘serious personal misconduct’. According to the US retail giant, Binny has strongly denied […]

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 […]

Grocery delivery startup DailyNinja secures funding from Matrix Partners India

ASIA – The Indian online milk and grocery delivery platform, DailyNinja has secured an undisclosed amount of funding from the venture capital firm, Matrix Partners India with participation from existing investors- Sequoia India and Saama […]

Whole Foods biggest supplier bids US$2.9b to buy grocery distributor Supervalu

USA – United Natural Foods, or UNFI, has announced it would acquire Supervalu for US$2.9 billion to reduce the grocery distributor’s dependence on Whole Foods, which accounts for about a third of UNFI’s business. The […]

Milkbasket raises US$7m in Series A round of funding in milk and grocery delivery space

INDIA – Grocery and milk delivery startup MilkBasket has raised US$7 million in a Series A round of funding led by Kalaari Capital, along with BeeNext and existing investors Unilever Ventures and Blume Ventures. According […]