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Quick Service Restaurant chain, CharcoalEats Food Tech Pvt. Ltd.(https://lnkd.in/gbBnnA9f), has recently announced a funding round where it secured INR 45 crore. The investment was led by Girish Parasotam Patel , founder of Paras Pharma, along with investors Anil Sanghvi, Ajinkya Firodia of Kinetic Group, and ex-banker Rajiv Jain. The company is targeting an annualized run rate of INR 150 crore by the fiscal year-end. Charcoal Eats, a Quick Service Restaurant chain based in New Delhi, India, has successfully raised INR 45 crore in a recent funding round. The investment was spearheaded by prominent business leaders such as Girish Patel, Anil Sanghvi, Ajinkya Firodia, and Rajiv Jain. This funding will be utilized to strengthen Charcoal Eats' operations, expand its presence both nationally and globally, and boost brand development. Co-founder Krishnakant Thakur expressed enthusiasm about the company's future prospects, highlighting the potential for improved distribution networks, enhanced technological integration, and rapid growth. Currently operating around 40 outlets across Mumbai, Pune, and Delhi-NCR, Charcoal Eats aims to achieve an annualized run rate of INR 150 crore by the end of the fiscal year, amidst the rapidly growing Indian online food delivery market, which is projected to reach $18 billion by 2030. #innovation #management #digitalmarketing #technology #creativity #futurism #startups  

Some companies have been showing good growth in Fresh food sector for many years, which shows that the coming time is going to be very good for skating. Last Here are some top companies in India dealing with meat and fish e-commerce: Licious : Founded in 2015, Licious is one of India's most disruptive consumer brands in the meat and seafood category. It has clocked a 3,000% YoY growth since its inception and has raised $192 million in funding.¹ Meatigo by Prasuma : Meatigo is an online meat and seafood delivery platform that delivers fresh and best products to customers' doorsteps. It has a customer base of 150,000 and is planning to raise external funding in the new fiscal. FreshToHome : FreshToHome is a Bengaluru-based meat, fish, and fresh produce e-tailer that delivers nearly 2 million orders every month. It has raised $121 million in funding and is looking to increase its turnover from Rs 650 crore to Rs 1,200 crore in the current financial year. ZappFresh : Zappfresh is an online meat store based in Gurugram that delivers fresh chicken, mutton, and seafood. It plans to raise up to Rs 70 crore in institutional funds for market expansion and technology development. -TenderCuts - Farm Fresh Meats and Seafood *: TenderCuts is an omnichannel and tech-driven brand that provides freshly cut meat and seafood to customers. It has raised Rs 110 crore in funding and is planning to strengthen its presence in Bengaluru. -Jalongi.com *: Jalongi is an online fresh fish and seafood retailer that delivers seasonal and local favorites to customers. It is expecting a five-time jump in its turnover to Rs 15-18 crore in the current financial year. #freshfood #seafood #meat #ecommerce source: https://lnkd.in/g6xZbhWv

ZappFresh Acquires Mumbai-Based Bonsaro to Expand Western India Operations. Zappfresh, the Gurugram-based online fresh fish and meat retailer, has made a strategic move by acquiring Bonsaro, a Mumbai-based firm specializing in the online delivery of poultry, goat, and seafood. This acquisition marks Zappfresh’s second in recent times, following their purchase of Dr. Meat (Acquired by Zappfresh) in July 2023. With this acquisition, Zappfresh aims to strengthen its presence in Mumbai and expand its operations across Western India, including key markets like Navi Mumbai and Pune. Over the next six months, they plan to invest in Bonsaro's existing infrastructure to enhance customer experience and broaden their product offerings. As Zappfresh continues to grow, this acquisition positions them as a key player in the competitive online meat and seafood delivery market. Stay tuned for more updates as they roll out their expansion plans. Read More: https://lnkd.in/gpRZJa3T #BreakingNews #Zappfresh #Bonsaro #Acquisition #Mumbai #Ecommerce #FoodTech #BusinessExpansion #StartupNews #OnlineDelivery #WesternIndia #MeatRetailer

From A Failed Restaurateur prior, to founding India’s fastest-growing FMCG brand From failure to flavour, Viraj Bahl’s journey is proof that the secret to success is in the sauce. Viraj Bahl, the visionary behind Veeba, transformed a failed restaurant venture into one of India’s fastest-growing FMCG brands. While most focus on food’s surface appeal, Bahl discovered that the real magic lies in the sauce. It was this insight, coupled with lessons from his early setbacks, that inspired him to create Veeba—a brand that now caters to 700 cities, 200,000 points of sale, and boasts 85 unique products. Bahl's drive for innovation, distribution mastery, and a strong team ethos catapulted Veeba into homes and restaurants across the nation. With 70% of revenue pouring in from mom-and-pop stores and partnerships with giants like Domino’s and Burger King, Veeba is redefining how India savours its food. Veeba has leapfrogged to Rs811 crore in FY23, and is striking a revenue run-rate of over Rs1,000 crore for FY24. But for Bahl, it’s not just about business. It’s about making Veeba India’s most loved food company—a brand that stands out equally in Vellore, Madurai, and Mumbai. And the secret sauce behind it all? “I named the company after my mother,” Bahl quips. Perhaps, it’s this personal touch that has given Veeba its unbeatable flavour. When your failure becomes your foundation! Viraj Bahl’s Veeba is not just a brand, it’s a movement across 700 cities and 200K points of sale, and boasts 85 unique products. From restaurants to mom-and-pop stores, Veeba’s sauces are adding flavour to India, one meal at a time. #Veeba #VirajBahl #SauceRevolution #FMCG #Entrepreneurship

#StartupNews🚀: The Fresh Press Partners with Gruhas Collective Consumer Fund for Growth Exciting news for health-conscious consumers! Cold-pressed juice leader The Fresh Press has announced an undisclosed funding boost in their Pre-Series A round from Gruhas Collective Consumer Fund (GCCF). This investment fuels The Fresh Press' position as a key player in the thriving Indian health beverage market. But that's not all! The brand is also joining the inaugural cohort of Gruhas Gusto, a 6-month accelerator program designed to supercharge early-stage food-focused companies. This strategic partnership indicates The Fresh Press' commitment to significant growth. With their sights set on Hyderabad, Bangalore, and Chennai, along with key regions like Gujarat, Rajasthan, and Delhi, they're poised to expand their national footprint and quench the thirst for healthy beverages across India. #TheFreshPress #HealthyBeverages #Expansion #Investment #BPlanadvisors #Buildingbusinesses

iD Fresh Food (India) Pvt. Ltd. Food has made a remarkable shift, turning a net loss of ₹32.8 Cr in FY23 into a profit of ₹4.56 Cr in FY24. This achievement reflects their focus on operational efficiency and innovation in the traditional food space. The Bengaluru-based startup reported a 16.3% YoY increase in revenue, reaching ₹557.84 Cr. Key segments like ready-to-cook batters grew by 24%, generating₹237 Cr in sales, while parotta sales increased by 10% to₹183 Cr. Despite rising costs in materials, employee benefits, and advertising, iD Fresh Food (India) Pvt. Ltd.’s strategic approach has paved the way for sustainable growth. As they continue to scale, can they maintain profitability and growth while managing rising expenses in a highly competitive market? #IDFreshFood #Profitability #RevenueGrowth #FoodTech #StartupSuccess #ReadyToCook #Parotta #BusinessStrategy #FinancialTurnaround #ConsumerGoods #SustainableGrowth #FY24Results Vandana Tolani

Speciality coffee chain Blue Tokai Coffee Roasters recently secured an undisclosed amount of funding from 12 Flags Group, a consumer fund led by Rakesh Kapoor, former global chief of Reckitt Benckiser. Expressing enthusiasm about the investment, 12 Flags Group stated on LinkedIn, "Blue Tokai is a trailblazer in India’s speciality coffee market, revolutionizing the coffee experience nationwide. Their dedication to delivering exceptional specialty coffee and fostering a vibrant cafe culture aligns perfectly with our vision for this sector." In response, Matt Chitharanjan, Co-Founder of Blue Tokai Coffee Roasters, remarked, "We’re thrilled to welcome 12 Flags to our cap table. With their extensive expertise in brand building and distribution, we eagerly anticipate their contribution to our journey in establishing one of India’s premier coffee and bakery enterprises." In a recent development, reports indicate that Blue Tokai is in discussions to raise another round of funding at a valuation of $160 million. Although specific details regarding the size of the funding remain undisclosed, The Arc reported that Blue Tokai is in negotiations to secure $40 million, surpassing the $30 million round it secured in January last year. Last September, Blue Tokai Coffee Roasters received investment from Ka Enterprises, founded by Deepika Padukone. Established in 2013 by Matt Chitharanjan, Namrata Asthana, and Shivam Shahi, Blue Tokai operates in India and Japan, boasting 4 roasteries and over 80 physical outlets across major Indian cities such as Delhi NCR, Mumbai, Bangalore, Hyderabad, Kolkata, Chandigarh, Mohali, and Pune, along with periodic pop-ups in Tokyo. #startup #startupgrowth #bluetokai #funding #fundingalert #fundraiseralert #roasteries #coffee #specialitycoffeemarket #allboutcorps

Did you know your favorite gulab jamun could be blast-frozen for freshness? ❄ SCANDALous Foods (ADITOF), a Mumbai-based startup under Aditof Private Limited, is revolutionizing #dessert offerings in the restaurant industry with frozen Indian sweets. Founded in 2022 by Sanket Shrikant and Pravesh Amin, the company caters single-serve treats like gulab jamun and shahi tukda to QSRs, hotels, and caterers. The #startup operates with a daily production capacity of 750 kilos and blast freezing capability of up to 60 tonnes per month and are frozen to sub-zero temperatures to prevent spoilage and transported to clients at -18 degrees Celsius. Currently, #ScandalousFoods serves major metros in India through partnerships with cold chain providers and plans to expand into #GCC markets for exports. by Akshita Toshniwal | #FoodTech #IndianSweets #FrozenFoods 🔗 Read more on the link in our comments section 👇

D2C meat and seafood brand Licious has reported modest growth over the past two fiscal years, with revenue stabilizing around Rs 700 crore. The company achieved a 44% reduction in losses in FY24, despite a 9% revenue decline from Rs 746 crore in FY23 to Rs 685 crore in FY24.  The dip was primarily due to the closure of distribution channels like Dunzo and Swiggy Meatsore and a decreased focus on modern trade and local stores. #Licious serves 1.2 million customers monthly through its app, which now accounts for 85% of its business. The company’s flagship program, Infinity, contributes 58% of its overall revenue. Despite a slight revenue decline, Licious implemented effective cost control measures, reducing losses by 44% to Rs 294 crore in FY24, down from Rs 524 crore in FY23. The company also projects achieving positive EBITDA in the current fiscal year. Toward the end of FY24, Licious laid off nearly 3% of its workforce, affecting 80 employees, as part of an “operational reset” aimed at sharpening its growth focus. To date, the Bengaluru-based brand has raised over $450 million. According to TheKredible, Mayfield India holds the largest stake in Licious at 14.69%, followed by Vertex Ventures, 3one4 Capital, Temasek, and others. Jayanth Satheesh | Sanu Wilfred | Chandni Kukreja | Sumanth Donthi | Nijesh Prakash | Shahzan Mulla | Joe Manavalan | Divya Sud | Sandeep Duhoon | Kaarthik GS | Mahesha S | Wren Paul Jr |

#AustraliaIndiaNEXTLEVEL For enthusiasts of case studies who recognise the immense value in learning from others' stories, this is a fascinating story of how an iconic Indian snack brand Haldiram's has become a global investment target. Small sweet shop to snack giant: The story of Haldiram's Starting as a small, sweet shop in Rajasthan's Bikaner, Haldiram's has grown into an internationally renowned company, transforming the perception of traditional Indian snacks and sweets. The company's savoury snacks crossed the $1 billion mark in sales in 2018. In 2016, Haldiram's established its first overseas factory in the UK, which exports to Canada, the UK, Europe, Australia, New Zealand, the Far East, the Middle East, Moscow, Japan, Sri Lanka, Nepal, and Thailand, among other markets. Haldiram's runs all its distributors directly, with none being franchised. The company operates on three models: kiosks, quick-service restaurants, and casual dining. Haldiram's has a widespread network of 1,000 distributors in India, and its products are available in more than 7 million outlets. Blackstone Inc. is in advanced talks with Haldiram's, India's largest family-run snacks business, to acquire a controlling stake in the company. If the deal comes to fruition, this will be India's largest private equity buyout. Newland Global Group Dipen Rughani GAICD Australia India Business Council Australia India Chamber of Commerce (AICC) Indo-Australian Chamber of Commerce #AustCham India Centre for Australia-India Relations Abu Dhabi Investment Authority (ADIA) GIC Australian Investment Council Advent International