Progressive Grocer
PepperTap completes Series B round with USD 40mn
On-demand hyperlocal grocery delivery service PepperTap has received an additional USD4 million from InnoVen Capital as part of a series B funding round which is now closed after raising a total of USD40 million.
In September this year, the company...
Progressive Grocer
Avani Davda steps down as Tata Starbucks CEO
After serving three years as CEO of Tata Starbucks, Avani Davda has reportedly decided to quit the company to pursue opportunities outside the organisation.
Davda will be succeeded by Sumi Ghosh who has been appointed by the Tata Starbucks board...
Progressive Grocer
SC stays NCDRC proceedings against Maggi, directs testing by Mysore lab
The Supreme Court of India has stayed the National Consumer Disputes Redressal Commission (NCDRC) from proceeding in a suit filed by the Central government against Nestlé India.
The court reportedly said that the NCDRC would not proceed with the hearing...
Progressive Grocer
Coca Cola meets CEA over 'sin tax'
Senior officials from Coca Cola have reportedly met with India's chief economic advisor (CEA) Arvind Subramanian, to convey their concerns over a recommended 40 per cent 'sin tax' on 'addictive' products such as pan masala, tobacco and aerated drinks...
Progressive Grocer
Packaged food market set to rise to USD 50 bn by 2017: ASSOCHAM
The size of packaged food in India is set to witness a quantum jump to USD 50 billion by 2017 from the present level of USD 32 billion growing by a CAGR of 35 per cent due to increasing...
Progressive Grocer
Dabur extends Chyawanprash with sugar-free variant
FMCG major Dabur India has launched a sugar-free version of its popular ayurvedic product Chyawanprash to reach out to increasingly health conscious consumers.
"This marks a first for Dabur and for the healthcare industry in India... Dabur Ratanprash in a...
Progressive Grocer
Upto 70 per cent of dietary supplemets in India fake: Report
About 60-70 per cent of dietary supplements being sold across India are fake, counterfeit, unregistered and unapproved, notes a recent study released by Assocham-RNCOS.
“The dietary supplements market in India is currently estimated at about USD2 billion and is likely...
Progressive Grocer
Worms found in Ramdev's Patanjali Noodles
Baba Ramdev'a Patanjali Atta noodles, which has generated significant attention lately for its grand launch and promise to raise competition in the market, has found itself in controversy, yet again.
Patanajali launches 'atta noodles', to enter childcare, wellness sectors
While the...
Progressive Grocer
FAO, IFPRI, CGIAR launch global initiative to contain food waste
The Food and Agriculture Organization of the United Nations (FAO), the International Food Policy Research Institute (IFPRI) and the CGIAR research program on Policies, Institutions, and Markets (PIM) has launched a new initiative to enhance global cooperation on measuring...
Progressive Grocer
Godrej Nature's Basket opens three new stores
Gourmet foods retailer Godrej Nature's Basket has expanded its store footprint with three new outlets, taking the total number of physical stores to 36.
The new stores have been launched in Gurgaon, Pune and Mumbai, the company said in a...
Progressive Grocer
Motilal Oswal set to offload stake in Mrs Bector's to Singapore PE fund
Motilal Oswal Private Equity is reported to be close to selling its stake in Mrs Bector’s Foods Specialties Ltd to Singapore-based PE fund CX Partners for an estimated Rs 300-350 crore.
The company had acquired 20 per cent stake in...
Progressive Grocer
Stung by industry-wide criticism over the messy handling of the Maggi controversy as well as serious inherent contradictions and ambiguities contained in the FSSA, the government is now reportedly exploring a Rs 1,750-crore proposal to strengthen central food regulator...
Progressive Grocer
Government steps in to ease food inflation, offloads 20,000 tonnes of pulses
Further to the goverment's moves to counter the skyrocketing prices of pulses, over 20,000 tonnes of pulses out of 1.33 lakh tonnes seized during raids have been offloaded in the market to boost domestic availability and control prices.
"As per...
Progressive Grocer
Tata forays into instant coffee category with 'Tata Coffee Grand'
The beverage arm of Tata Group, Tata Global Beverages (TGBL) -- the second largest player in the world in the branded tea category -- has announced a foray into the branded instant coffee category under the brand name Tata...
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How Brands are Driving Experiential Shopping in the Home & Interiors Category
Brands are luring customers back into stores with personalised experiences driven by technologyHomes often represent one’s personality. For most...
