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From farm to factory: Dela Foods is rewriting the rules of food processing in India

Economic Times

Economic Times · 1m ago

From farm to factory: Dela Foods is rewriting the rules of food processing in India

Dela Grain Foods Pvt Ltd, founded by Eva Chawla in 2014, significantly impacts India's food processing sector by reducing fresh produce waste through direct farmer engagement and bulk purchasing. Their model ensures fair pricing and eliminates intermediaries, supporting farmer incomes and reducing post-harvest losses. With a focus on sustainability and innovation, Dela Foods creates economic value from food waste, offering diverse food products while achieving scalability typical of larger enterprises.

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Elevate Foods raises $525K in a pre-seed round led by Singapore's Wavemaker Impact

IndianStartupNews

IndianStartupNews · 1y ago

Elevate Foods raises $525K in a pre-seed round led by Singapore's Wavemaker Impact

Elevate Foods, a startup focused on supporting Indian farm-gate processors in accessing global markets, has raised $525,000 in a pre-seed funding round. The funding round was led by climate-focused investors Wavemaker Impact. Elevate Foods aims to empower small-scale farm-gate processors in India to bring their produce to the world while fostering a more sustainable and resilient food ecosystem. The startup's innovative approach focuses on promoting farm-gate food processing to reduce waste and meet quality standards for international markets. This investment marks a significant step towards achieving their mission.

Merak Invests in a B2B agri food start-up Farmtheory

OutlookIndia

OutlookIndia · 1y ago

Merak Invests in a B2B agri food start-up Farmtheory

Merak Ventures, a venture capital firm, has invested $1.45 million in Farmtheory, a Bangalore-based agri-food start-up. Farmtheory collects unsold farm produce that is discarded due to cosmetic standards and supplies it to buyers like cloud kitchens and food processors. The start-up plans to use the funding to expand its supply arm and technological infrastructure, as well as reach out to more farmers. India has the world's largest area planted for crops like wheat and rice, making agriculture a significant part of the country's economy. The Indian food processing industry is also one of the largest and fastest-growing industries in the country.

Rebel Foods raises $25 Mn from QIA: Report

Entrackr

Entrackr · 3m ago

Rebel Foods raises $25 Mn from QIA: Report

Cloud kitchen company Rebel Foods, which is set for a public-market listing in 2025-26, has reportedly raised $25 million (about Rs 212.71 crore) from Qatar Investment Authority. Mint, which reported the development first, added that the company raised the capital at a valuation of $1.4 billion. The fresh funds will be used to expand its physical restaurants and food courts business. Rebel Foods declined to comment on the story. In December 2021, the firm announced its Series G funding round of $210 million, comprising a mix of primary and secondary share sales. It has raised $773 million to date from KKR, Temasek, Lightbox, Evolvence, and others. Rebel Foods currently claims to have over 450 cloud kitchens across India, MENA, Indonesia, UK, including 75 cities in India. Its major competition includes horizontal and vertical foodtech plays including Curefoods, EatClub, Biryani By Kilo, FreshMenu, Biryani Blues, Kitchens@, Bigspoon, and HOI Foods. In February this year, Rebel Foods announced that it has launched its 15-minute food delivery app, QuickiES. Rebel Foods’ revenue from operations grew to Rs 1,420 crore in FY24 as compared to Rs 1,195 crore in FY23. The company generates most of its revenue through its core operations (sale of food), contributing 96.7% of the total operating revenue in FY24. It is a full-stack food tech firm that makes money from the sale of food through its owned stores and kitchens.

From Phool to ZunRoof: 5 unconventional startups making waves in India

YourStory

YourStory · 2y ago

From Phool to ZunRoof: 5 unconventional startups making waves in India

The rise of outsiders in the Indian startup ecosystem is a testament to the power of unconventional thinking and innovative ideas. These ventures are rewriting the rules of business and challenging the status quo. Read the article on the source link below to know more-

Merak Invests in a B2B agri food start-up Farmtheory

OutlookIndia

OutlookIndia · 1y ago

Merak Invests in a B2B agri food start-up Farmtheory

Merak Ventures, a venture capital firm, has invested $1.45 million in Farmtheory, an agri-food start-up focused on reducing food waste and improving farm yields. Farmtheory collects unsold produce that doesn't meet cosmetic standards and supplies it to various buyers, such as cloud kitchens and restaurants. With the funding, Farmtheory plans to expand its supply arm, enhance its technological infrastructure, and reach out to more farmers. The Indian food processing industry, in which Farmtheory operates, has a significant share in the country's total food market.

Fireside Ventures-backed Slurrp Farm evaluates new funding round

VCCircle

VCCircle · 4m ago

Fireside Ventures-backed Slurrp Farm evaluates new funding round

Slurrp Farm, a healthy snack brand for kids, supported by Fireside Ventures and the Investment Corporation of Dubai, is exploring a fifth round of funding. This move is part of the brand's expansion strategy to cater to increasing demand. Wholsum Foods Pvt Ltd, the company behind Slurrp Farm, is actively seeking new investments as part of their growth plan. Details on potential investors or the funding amount remain disclosed by insiders.

Potato flakes maker Iscon Balaji Foods plans PE fundraise

VCCircle

VCCircle · 5m ago

Potato flakes maker Iscon Balaji Foods plans PE fundraise

Iscon Balaji Foods Pvt Ltd, a producer of potato flakes, is planning its first institutional fundraising round. The company is a joint venture between the founders of Gujarat's Iscon real estate group and Balaji Wafers Pvt Ltd, a snacks brand. The Ahmedabad-based venture aims to leverage the capital for growth and expansion. This initiative signifies the company’s ambition to enhance its market presence and operations in the food processing industry.

Farm exporters scramble for new markets as US levies high duties on Indian goods

Livemint

Livemint · 7d ago

Farm exporters scramble for new markets as US levies high duties on Indian goods

The United States has imposed a 25% tariff on selected Indian goods, affecting sectors like shrimp, basmati rice, and frozen foods, among others. This unexpected move has forced Indian exporters of food and agricultural products to reassess their global strategies, as the country’s $50 billion-plus farm shipments face a significant challenge. While seen as a short-term setback, this disruption could potentially lead to Indian exporters exploring new markets and altering global trade patterns.

Rebel Foods launches 15-min food delivery app ‘QuickiES’

Entrackr

Entrackr · 5m ago

Rebel Foods launches 15-min food delivery app ‘QuickiES’

Rebel Foods launches 15-min food delivery app ‘QuickiES’ Cloud kitchen unicorn Rebel Foods is making a foray into the 15-minute food delivery segment to compete with foodtech giants like Zomato and Swiggy. In a LinkedIn post, EatSure co-founder and CEO Sagar Kochhar announced that Rebel Foods has launched its 15-minute food delivery app, QuickiES. Co-founded in 2011 by Jaydeep Barman and Kallol Banerjee, Rebel Foods operates a network of cloud kitchens and restaurants across multiple countries. It owns and operates several quick-service restaurant (QSR) brands, including Behrouz Biryani, Mandarin Oak, Oven Story Pizza, Sweet Truth, LunchBox, The Good Bowl, Firangi Bake, The Biryani Life, and Wendy’s. Rebel Foods claims to operate over 450 cloud kitchens across India, the MENA region, Indonesia, the UK, and 75 Indian cities. In FY24, the company’s revenue from operations increased to Rs 1,420 crore, while its losses narrowed by more than 42% to Rs 378 crore during the same period. The Mumbai-based startup has raised $773 million in funding to date from investors such as KKR, Temasek, Lightbox, Evolvence, and others. The instant food delivery market is becoming increasingly competitive, with Zepto launching a dedicated app for Zepto Cafe, promising 10-minute food deliveries. Meanwhile, Zomato-owned Blinkit has introduced Bistro, a standalone app for instant food delivery. Similarly, Swiggy has launched a standalone app, SNACC, for 15-minute food delivery. Zomato has also entered the quick food delivery segment, while emerging platforms like Swish, Magicpin, and Zing are gaining momentum.

Samara Capital in talks to buy Bharti's Del Monte stake; Healthium gets another suitor

VCCircle

VCCircle · 1y ago

Samara Capital in talks to buy Bharti's Del Monte stake; Healthium gets another suitor

Private equity firm Samara Capital is in talks to acquire a 50% stake in Del Monte Foods, a pasta and sauces maker, from Bharti Enterprises. Additionally, Samara is considering a minority stake in Godrej Tyson Foods. These potential acquisitions highlight Samara Capital's interest in the food industry.

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