Food Retailers

Biryani Blues raises $5 million in funding led by Yugadi Capital fund

Quick service restaurant chain Biryani Blues on Tuesday said it has raised USD 5 million (over Rs 40 crore) in a funding round led by Carpediem Capital's new fund Yugadi Capital with participation of other investors. The fund raised in a pre-Series C funding round will support expansion strategy, enhance human capital across functions, and upgrade operations and logistics. The brand plans to open over 100 new outlets over the next three years, Biryani Blues said in a statement. "We are poised to accelerate our expansion by opening over a 100 new brand stores over the next three years, in popular high street markets and malls across north India," Biryani Blues Co-founder Raymond Andrews said. Operating under Thea Kitchen Pvt. Ltd, Biryani Blues runs 68 outlets across North India and Bengaluru. Earlier, Biryani Blues raised USD 5 million in Series B funding from Rebel Foods in FY22. It had previously secured USD 2 million in Series A funding from Carpediem Capital Partners Fund I ...

JM Financial Private Equity invests Rs 40 crore in spice brand Zoff

Zoff, founded by brothers Akash Agrawal and Ashish Agrawal, has achieved a 40 per cent compound annual growth rate (CAGR) over the past four years, leveraging e-commerce platforms, they said

Patanjali Foods aims to see Rs 1,000 crore sales from masala business

During the investor day, Ramdev also said that he cannot comment on the merger, demerger or acquisitions the company plans to make in Patanjali Foods

Even with smaller incentives by Centre, daily orders on ONDC touch 30,000

ONDC's majority of retail orders come from the food and beverage category, with a small amount coming from the grocery category

Govt may offer low-cost credit to small retailers, ease rules: Officials

Neither of the officials provided details on how banks would be compensated for providing cheap loans

Ruchi Soya Industries renamed Patanjali Foods with effect from June 24

In May, Ruchi Soya announced the acquisition of Patanjali Ayurved's entire food business for Rs 690 crore, in order to speed up its transition into an FMCG company

IG International, Esquire Corrugation form JV for fresh produce packaging

The JV, Esquire IG, targets to manufacture 500-1,000 tonnes of fresh produce packaging both for the domestic as well as global markets, IG International said in a statement

Ruchi Soya acquires Patanjali Ayurved's food business for Rs 690 crore

To pay 1% of turnover of products as annual royalty under transfer agreement

Jimmy raises Rs 6 cr funding from Vinay Agarwal, Keki Mistry, others

Radiohead Brands, which makes Jimmy's cocktail mixers, on Tuesday said it has raised Rs 6 crore funding led by First State Stewart Asia Director Vinay Agarwal, HDFC Ltd CEO Keki Mistry and others.

Enough stock of essentials for coronavirus lockdown period, say retailers

The statement acquires significance given the growing Covid-19 cases in India.

Flipkart to take on arch-rival Amazon with new food retail unit in India

According to sources, Flipkart is expected to invest about Rs 2,000 crore initially in the business and pump in more funds as required as it scales up supply chain, storage and logistics

Food retailers are strengthening back end to drive efficiency of operations

Swiggy has tried to focus on its business model as a differentiator