Platforms such as Zomato, Swiggy and UberEats have more than doubled the salaries of their delivery boys and girls – in some cases – over the past three or four months alone.
Nestle has been locked in a blockbuster legal war with US rival Mondelez, maker of Cadbury chocolate, over the four-fingered wafer biscuit which was first sold in 1935.
The financing is expected to fuel growth towards establishing a stronger brand platform and capturing an increased share of the organized snack market in India.
Gupta, previously with Unilever and Reckitt Benckiser before exiting PepsiCo a couple of months back, will drive marketing and category management for businesses across consumer goods, telecom and eCommerce.
While the government has allowed the companies to keep the buyback value flexible, most companies have settled on Rs 15 per kg for PET bottles, and Rs 5 per kg for shrink wraps.