Unilever’s Indian unit completes mergers with GlaxoSmithKline Consumer Healthcare

INDIA – Unilever has announced that Hindustan Unilever Limited (HUL), the company’s listed subsidiary in India, has successfully completed the merger of GSK’s business in India, GlaxoSmithKline Consumer Healthcare. The consolidation follows HUL’s acquisition of […]

Diageo pledges 8m bottles of sanitizer for frontline healthcare workers

UK – Diageo has pledged to enable the creation of more than 8 million bottles of hand sanitizer to help protect frontline healthcare workers in the fight against the Coronavirus (COVID-19). To achieve this, the […]

India keen to tap into the growing appetite for healthier eating options

INDIA – The food and beverage industry in India is seeing a very definite change in the healthy food segment supported by the growing demand for healthy, homestyle food by consumers across cities and towns. […]

Diageo injects US$48.7m for additional stake in India’s United Spirits Limited

INDIA – Diageo has acquired additional shareholding in India’s leading liquor company United Spirits Limited (USL), in a transaction that increases Diageo’s stake in the company to 55.9%. Diageo paid US$48.72m to acquire additional 5,075,000 […]

Prosus-backed food delivery start-up Swiggy raises US$113m in Series I funding

INDIA – Swiggy, the Bengaluru-based online food delivery platform, has raised US$113 million as part of its Series I funding round led by its largest existing investor Prosus Ventures, formerly known as Naspers Ventures and […]

Scottish craft brewer BrewDog enters Indian market in global expansion drive

INDIA – BrewDog, a multinational craft brewer and pub chain based in Scotland, has unveiled plans of expanding into India with the opening of 35 pubs and the launch of several bottled beer brands. According […]

Agritech startup Clover raises US$5.5m in Series A funding round to scale operations

INDIA – Clover, a Bengaluru-based agritech startup has raised US$5.5 million from a pool of investors to further help the company accelerate growth of its farm network, and expand its B2B and B2C offerings. Clover […]

Indian agtech startup WayCool Foods raises US$32m in funding

INDIA – WayCool Foods, an Indian agtech startup, has raised US$32 million in funding to enable the startup automate its supply chain and build the next layer of data analytics required to strengthen efficiency in […]

Leap India Food Logistics raises US$23m to improve India’s grain supply chain

INDIA – Leap India Food Logistics, an agricultural warehousing and logistics firm has raised Rs 164 crore (about US$23 million) in Series-B funding from the Danish SDG Investment fund and Neev Fund. The firm will […]

New Zealand’s co-operative Alliance Group acquires minority stake in India partner

NEW ZEALAND – Alliance Group, a New Zealand farmer-owned co-operative has acquired 10.4% stake in its India partner QualityNZ, which supplies New Zealand’s products such as red meat, seafood and wine to India. Alliance Group […]