Indian frozen snacks maker Foods & Inns acquires Kusum Spices

INDIA – Foods & Inn, an Indian-based fruits processor and frozen snacks manufacturer has acquired Kusum Spices based in Mumbai for US$1.97 million (Rs 13.99 crore). Under the transaction, Foods & Inns will enter into […]

India’s food retail firm Lite Bite to raise US$70m in fresh funding

INDIA – Food and Beverage retailer, Lite Bite Foods plans to raise US$70.41 million (Rs500 crore) from investors as the company seeks to expand its presence in India and other international markets. Lite Bites, which […]

Walmart pilots blockchain technology to strengthen seafood supply chain in India

INDIA – American eCommerce and retail firm, Walmart is piloting block chain technology for end-to-end traceability of shrimp sourced in Andhra Pradesh, south-eastern India. Walmart says that the pilot project will help to track seafood […]

AB InBev teams up with Tata subsidiary to open 15 microbreweries in India

INDIA – World’s leading brewer AB InBev is partnering with Tata owned Indian Hotels Company (IHCL) to open 15 microbreweries over the next five years, located within IHCL hotels. The investment will be conceptualised by […]

Ant Financial backed foodtech unicorn Zomato to raise US$600m in fresh funding

INDIA – Food ordering and delivery platform, Zomato is in the process of raising US$600 million in a fresh funding round to fuel its food delivery and dining out operations. According to an ET Retail […]

Indian online grocer BigBasket merges two core arms to speed up delivery

INDIA – BigBasket, an Alibaba-backed online grocer in India has merged two core business, the on-demand 90-minute delivery and planned next-day orders as it seeks increase efficiencies in its business. The Bengaluru-based grocery said that […]

Wow! Momo Foods raises US$23m in funding to support expansion

INDIA – Quick service restaurant operator Wow! Momo Foods has raised US$23 million (RS 163 crore) in series B funding led by New York-based private equity major Tiger Global to enable the operator scale up […]

IMCD acquires Monachem Additives to expand footprint in India

INDIA – IMCD, a leading distributor of speciality chemicals and food ingredients, has acquired full ownership of India based Monachem Additives to support the company’s expansion plan in the market. Monachem Additives operates in India […]

India to boost food processing sector through US$417m value addition program

INDIA – India has partnered with the World Bank in a US$417million (INR$30 billion) collaborative program that seeks to revolutionize the country’s food manufacturing sector. According to an Economic Times report, the programme will receive […]