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.
The proceeds would be utilised towards expansion and modernisation as well as investment in its subsidiary.
Bengaluru based Ready to drink start-up DropKaffe bags $500,000 funding
PureCircle, which sells zero-calorie natural sweetener, stevia across the world, received FSSAI nod in December 2015.
In India, Danone operates in dairy and Life nutrition segments. Danone Dairy has UHT and fresh dairy products such as mishtidoi, chaas, lassi, dahi, flavoured yoghurts and smoothies.
Loofre also plans to go international by expanding its services to cities like Dubai, Hong Kong and Singapore.
According to the report, the company may raise at least Rs.1,000 crore through the IPO, expected to hit the market in early 2017.
Nestle, whose fourth-quarter sales in India fell more than a fifth, according to the paper, contends the noodles were safe, but ordered a recall that cost the company about 66 million Swiss francs ($66.68 million).
Red Ribbon is also eyeing to invest in hospitality businesses including the restaurant business.
According to the company, the decline is attributed to higher expenses and employee benefits.
"We plan to invest Rs 100 crore to open around 200 Nukkadwala restaurants in India by the end of 2019," said Vatika Group, Managing Director, Gaurav Bhalla.
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