The company also recently launched Bistro, a 10-minute food delivery platform competing with Swiggy’s Snacc and Zepto Cafe.
As per the sources, the PE player has 60 days to make a legally binding bid for Theobroma Foods and 30 days to settle the conditions with Bloombay…
Tilaknagar Industries also retains an option to invest further or acquire more shares in Bartisans based on a pre-determined valuation model, should…
The firm is making the investment to pick up 50% stake in Sierra Nevada Restaurants and Dolomite Restaurants.
The Minister stated that in recent years India and the US have strengthened their relations.
Ctrip is in talks to invest around $100 million in online restaurant discovery and food-delivery platform Zomato.
South African media giant Naspers is planning to invest $12-15 million in HungerBox.
West Bengal is the third largest market for the company in the country
Eat.fit currently operates across 15 kitchens in 2 cities and has served over 1.5 million users to date.
The round has also seen participation from existing investors, including Accel Partners and Zephyr Peacock.
Fireside Ventures led the round with participation from Mohandas Pai’s 3One4 Capital, Madhu Kela and GITS Foods.
When it comes to market sales, India is about to overtake China as Amphora’s biggest market outside the UK.
This move will help the company to retain a presence in the Indian market.
Standards for alcoholic beverages will come into force from April 1, 2019 to coincide with financial year requirements of excise laws.
Bueno is in talks with major VC firms to raise the next round between $15-20 Million.
He said that Tea Board runs several schemes under which assistance would be sought.
The deal comes as speculation swirls about the next round of consolidation in the packaged-food business.
The investment comes through an equal mix of debt and equity while we are also approved for Rs 10 crore as cold chain subsidy from the Ministry of Food Processing Industries.
Badal was addressing a round-table in London to promote her ministry's first-ever World Food India summit in New Delhi in November and called on British companies to use the platform to finalise their entry and collaboration plans.
Amit Jatia, Vice Chairman, Hardcastle Restaurants, said that the closure of stores is a local issue in Delhi and the impact is just a blip in short term.
The company plans to utilise the funds for building technologies and enhance operational capabilities.
The company will also be spending $3-5 million over the next 12-18 months, with a focus on digital and marquee sponsorship of events
The investment will help Freshly build a new East Coast kitchen and distribution centre in 2018 as it prepares to expand its U.S. service nationwide
The restaurant chain also looks at adding more cities like Ahmedabad, Indore, Goa, Mangalore, Vizag, Coimbatore, etc.
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