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Allied Industry
Faraway Foods raises angel funding worth $500K

Faraway Foods raises angel funding worth $500K

Faraway Foods Pvt. Ltd, a Mumbai-based startup that sells healthful snacks for children under The Mumum Co. brand, has raised angel funds worth $500,000.   The company, which sells snacks such as roasted grain puffs,

Allied Industry
Laila Nutraceuticals files patent for herbal blend

Laila Nutraceuticals files patent for herbal blend

Andhra Pradesh based herbal exports specialist Laila Nutraceuticals has developed a synergistic blend of Brahmi herb and haritaki fruit for use in dietary supplements and functional products targeting age- associated cognitive decline.   Brahmi herb

Allied Industry
Cargill reports Q4 results for the fiscal year 2018

Cargill reports Q4 results for the fiscal year 2018

Cargill reported $3.2 billion in adjusted operating earnings for the 2018 fiscal year, one of its best performances. The fourth quarter also was very strong. The company’s improved financial results over the past two years

Allied Industry
Dibz raises money from Stellaris, Benori ventures

Dibz raises money from Stellaris, Benori ventures

Dibz, a food tech startup serves as an online-to-offline (O2O) platform for discovering restaurant deals. The company has raised an undisclosed amount in the bridge round from Stellaris Venture Partners and existing investor Benori Ventures.

Allied Industry
Placio acquires Paco Meals and raises $50K

Placio acquires Paco Meals and raises $50K

Noida-based startup Placio has raised $50,000 in seed funding for its new venture in subscription-based food delivery system. The company acquired a subscription-based food startup Paco Meals. With this move, it will help Paco Meals

Allied Industry
Japan’s Toyo Aluminium acquires 33% stake in Svam Packaging

Japan’s Toyo Aluminium acquires 33% stake in Svam Packaging

Japanese firm Toyo Aluminium has acquired 33.4 per cent stake in the capital-based pharma packaging firm Svam for an undisclosed amount. As part of the joint venture agreement, Svam Packaging has now been christened as

Allied Industry
Patanjali not to back out from race to acquire Ruchi Soya: Acharya Balkrishna

Patanjali not to back out from race to acquire Ruchi Soya: Acharya Balkrishna

Patanjali Ayurved will not back out from the race to acquire bankruptcy-bound Ruchi Soya and explore all options, including legal, to clinch the deal, its Managing Director Acharya Balkrishna has said. Adani Wilmar, which sells

Allied Industry
Starbucks to eradicate plastic straws by 2020

Starbucks to eradicate plastic straws by 2020

The Starbucks Company will eliminate single-use plastic straws from its more than 28,000 company operated and licensed stores by 2020.   The coffee chain announced that Plastic straws will be replaced with new recyclable strawless

Allied Industry
Organic India exploring to buy stake in NutriHealth

Organic India exploring to buy stake in NutriHealth

Organic food and supplements firm, Organic India is exploring a possibility to buy significant stake in nutritionist Shikha Sharma’s NutriHealth, which provides personalised nutrition management services.   Organic India will buy 20-40 per cent stake

Allied Industry
Parag Milk Foods to introduce immunity booster

Parag Milk Foods to introduce immunity booster

Parag Milk Foods Ltd. has announced a collaboration with ColoPlus AB, a Swedish research organization to launch its first 100 per cent natural immunity booster called GO Colo Power in India. This strategic collaboration enables