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Amazon South Africa expands into groceries, pet food and health supplements
Economic Times
·
2m ago
Medial
Amazon has expanded its offerings in South Africa to include non-perishable groceries, pet food, and health supplements, aiming to become a one-stop shopping destination. Competing with Takealot.com, the current e-commerce leader, Amazon introduces popular international brands like Nestle and Starbucks, along with local favorites such as Beacon and Simba. This expansion marks a significant milestone, addressing top customer requests and receiving positive feedback, particularly for bulk buying and multipack savings.
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Butternut Box Secures $354 Million in Funding for Subscription Dog Meals
Robots
·
1y ago
Medial
Butternut Box, a UK-based startup specializing in healthy dog food, has raised £280 million ($354 million) in funding from General Atlantic and L Catterton. The company offers high-quality, customizable dog meals, snacks, and supplements, emphasizing pet nutrition and convenience. With plans for expansion across Europe, Butternut Box aims to address pet obesity concerns and meet the demand for healthier pet food options. The investment highlights the growth of the pet industry, with the broader pet food market expected to reach $100 billion by 2022.
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VCs sniff opportunity as petcare expands beyond food
Economic Times
·
2m ago
Medial
The petcare industry in India is booming, driven by increased pet adoption during the pandemic and the expansion of petcare services. This growth has attracted significant investment, with major firms like Nestlé investing in pet food brand Drools, making it a unicorn. Startups such as Supertails and Vetic are raising funds as the market, valued at $3.5 billion, is expected to double by 2028. Non-food pet products are experiencing rapid growth, surpassing traditional pet food sales.
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Amazon to launch online shopping service in South Africa in 2024
Economic Times
·
1y ago
Medial
Amazon is reportedly planning to launch its online shopping service in South Africa in 2024. This expansion into the African market comes as part of Amazon's efforts to tap into the growing e-commerce sector on the continent. The move is expected to provide consumers in South Africa with a wider range of products and increase competition in the local retail industry.
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UK grocery watchdog probes Amazon over alleged supplier payment delays
Economic Times
·
1m ago
Medial
The UK's grocery regulator has launched an investigation into Amazon, suspecting the company breached supplier payment rules over a three-year span. The Groceries Code Adjudicator is examining whether Amazon violated paragraph 5 of the Groceries Supply Code of Practice, which requires prompt payments to suppliers.
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Amazon Now expands quick commerce offering in Delhi after Bengaluru - The Economic Times
Economic Times
·
1m ago
Medial
Amazon has expanded its quick commerce service, Amazon Now, to parts of Delhi following its launch in Bengaluru. The service aims for rapid delivery of daily essentials and plans to establish 300 dark stores across major cities by year-end. Competing with Blinkit, Zepto, and others, Amazon intends to scale quickly before Prime Day and Diwali sales. Amazon Now offers groceries and other essentials, with plans to extend across more Indian cities.
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Wipro Consumer Care Ventures invests $1 million in pet food startup Goofy Tails
Economic Times
·
2m ago
Medial
Wipro Consumer Care Ventures has invested $1 million in Delhi-based pet food startup Goofy Tails, marking its first venture in the pet food sector. Founded in 2021 by Kartik, Karan, Kunal Gupta, and Ashish Kaushal, Goofy Tails offers premium pet nutrition products. This investment completes Wipro's Fund I and coincides with launching a new Rs 250 crore fund. Goofy Tails aims to enhance R&D and expand its product offerings in India's burgeoning pet food market.
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Godrej Consumer Products to enter pet care business in India in FY26 | Mint
Livemint
·
1y ago
Medial
Godrej Consumer Products Ltd (GCPL) plans to enter the pet food market in fiscal year 2026 with the launch of its subsidiary, Godrej Pet Care. The company will invest ₹500 crore in Godrej Pet Care over the next five years and partner with Godrej Agrovet Ltd (GAVL) for manufacturing and R&D. The pet care sector in India is valued at ₹5,000 crore and offers significant growth potential. This move follows the trend of increased pet ownership seen during the Covid-19 pandemic, with other companies also expanding their presence in the pet food market.
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Pet food brand Drools claims unicorn status after minority stake by Nestlé
Entrackr
·
2m ago
Medial
Pet food brand Drools claims unicorn status after minority stake by Nestlé Drools Pet Food Private Limited claims it has become India’s first pet food unicorn following a minority investment by Nestlé S.A., the parent company of Nestlé India. Drools has not disclosed the details of the transaction but will continue to operate independently post-investment. The deal gives Nestlé access to India’s growing pet food market, while Drools is expected to continue expanding in both domestic and international markets. Drools, with brands like Pure Pet, Meat Up, Canine Creek, and Kitty Yum, claims to be the top seller in the pet food category on Amazon. The company operates fully online and also sells offline, including vet clinics, pet stores, and general trade retailers. Founded by Fahim Sultan in 2010, Drools operates six production facilities and has a warehousing footprint of 1.6 million square feet. The company distributes its products through 40,000 retail outlets in India and exports to 22 countries. It employs 3,400 people across its operations. Earlier in June 2023, Drools had raised $60 million in funding from private equity firm L Catterton at a valuation of $600 million. The round was one of the largest investments in the pet care industry in India. For the fiscal year ending in March 2024, Drools’ revenue from operations jumped 50% to Rs 714.90 crore from Rs 474.62 crore in FY23. The company however reported a net loss of Rs 14 crore in FY24 against Rs 27.65 crore profit in the previous fiscal year. Drools becomes the fourth startup to enter the unicorn club in 2025. Netradyne and Juspay reached the milestone in January and April, respectively, while Porter recently joined the list after raising $200 million in a Series E round at a valuation exceeding $1 billion.
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Agri-biotech startup GreenGrahi raises Rs 32 crore in round led by Avaana Capital
Economic Times
·
3m ago
Medial
Agri-biotech startup GreenGrahi raised Rs 32 crore in a funding round led by Avaana Capital, with participation from Huddle, Campus Fund, Blume Founders Fund, and other investors. The funds will help scale its insect biomanufacturing platform and expand globally. GreenGrahi produces high-quality insect-based proteins and agricultural inputs to enhance soil health and crop productivity. It aims to meet significant demand from customers and expand into international markets, focusing on pet food companies in the US, UK, and EU.
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True Religion Announces Expansion in Asia, Africa, And the Middle East
OutlookIndia
·
1y ago
Medial
Global lifestyle brand True Religion has announced its expansion into new markets in Asia, Africa, and the Middle East. The brand plans to open new stores in countries including India, Indonesia, South Korea, South Africa, Lebanon, and Qatar, bringing its total number of international markets to 26. The expansion into high-growth markets is part of the brand's strategy, with an initial focus on China. True Religion aims to provide a premium brand experience to its customers worldwide.
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