Let’s Moderate secures Rs 1 Cr investment to revolutionise dietary health
Three new partnerships and one joint business development plan were signed with the ambition to triple their number by the end of the year
Partner for Growth program will drive greater innovation and efficiencies to unlock sustainable growth, from new product ideation to the moment it is in the consumers’ hands.
Danone aims to expand and strengthen its relationships with partners from across the world, spanning start-ups and scale-ups, to corporates and academic institutions.
The program is transforming the way that Danone works with its partners by strategically seizing opportunities based on consumers’ trends and insights to support mutual growth. Danone Manifesto Ventures, the company’s corporate venture arm, will also contribute as it helps bring high-potential emerging brands, concepts, or capabilities to the market.
The program starts with three new partnerships, and one joint business development plan signed with bioscience company Chr. Hansen. This new plan will enable Danone to push the boundaries of innovation in the dairy and plant-based categories by using Chr. Hansen’s leading bio-solutions capabilities and leveraging both companies’ extensive culture collections.
Vikram Agarwal, Chief Operating Officer at Danone, commented, “Anticipating and seizing opportunities is at the heart of the Renew Danone strategy and is what Partner for Growth is all about. A structured, holistic and mutually beneficial approach to transform the way we work with partners, to take advantage of short-term opportunities and prepare our brands and categories for sustainable growth in the long term. It will help us leverage more from our supplier and partner ecosystem to drive shared business growth rather than using a traditional linear approach. It’s how we’ll stay ahead of emerging trends, serve our customers and consumers better and unlock sustainable growth.”
Isabelle Esser, Chief Research, Innovation, Quality and Food Safety Officer at Danone, said, “Since its origins, Danone has innovated with others to bring consumers and patients healthy food and water fuelled by over a century of ground-breaking nutrition, hydration and fermentation research. Together with suppliers and partners that share our ambition to design and offer superior products to consumers and patients across the world, it is time to step up! Through close collaboration with our partners, we can explore new horizons related to product superiority, new technologies in fermentation and decarbonisation and find new solutions that benefit us, our partners, consumers and the planet.”
Mauricio Graber, CEO at Chr. Hansen said: “At Chr. Hansen, we innovate by unleashing the power of good bacteria. However, only in partnership can we truly transform the food system enabling healthier living around the globe. That is why we welcome Danone’s invitation to work even closer as partners on this important agenda.” As part of the program, Danone this week hosted an exclusive, in-person event with 50 suppliers at its new innovation centre in Paris Saclay.