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Ready-to-cook foods surge 58% as Indian consumers prioritise convenience

Economic Times

Economic Times · 5m ago

Ready-to-cook foods surge 58% as Indian consumers prioritise convenience

The demand for Ready-to-Cook (RTC) meals in India has surged by 58% in 2024, driven by urbanization, dual-income families, and fast-paced lifestyles. According to Kantar Worldpanel data, the RTC segment is the only packaged food category to double in volume over the past two years, attracting 18 million new households. This trend highlights consumers' preference for semi-cooked options that balance convenience with a home-cooked experience, as Ready-to-Eat (RTE) foods see declining interest.

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Reliance Eyes Majority Stake Purchase in Udhaiyam Agro Foods

StartupTalky

StartupTalky · 10d ago

Reliance Eyes Majority Stake Purchase in Udhaiyam Agro Foods

Reliance Industries is negotiating to acquire a majority stake in Udhaiyam Agro Foods, a Chennai-based manufacturer of ready-to-cook mixes and staples. This potential acquisition is part of Reliance's strategy to expand its FMCG portfolio, targeting regional markets before national rollout. The deal aligns with Reliance’s history of acquiring smaller brands, reflecting broader market trends in India where the packaged food sector anticipates significant growth amid increasing urbanization and demand for convenience foods.

Alimento Agro Foods raises Rs 52 Cr led by IvyCap Ventures

Entrackr

Entrackr · 8d ago

Alimento Agro Foods raises Rs 52 Cr led by IvyCap Ventures

Snippets Alimento Agro Foods raises Rs 52 Cr led by IvyCap Ventures Packaged food startup Alimento Agro Foods Pvt Ltd, which owns brands MOM Meal of the Moment and Gimi Gimi, has raised Rs 52 crore (around $5.8 million) in a Series A funding round led by IvyCap Ventures. The proceeds will be used to expand its manufacturing capacity, strengthen its distribution network across India, and invest in new product development across both brands. Founded by Prateek Bhagchandka and Mugdha Bhagchandka, Alimento operates in two fast-growing food categories. MOM Meal of the Moment focuses on instant meals and snacks positioned around taste and convenience, targeting urban consumers looking for quick meal options. The brand has built traction in the ready-to-eat and ready-to-cook segment. Its second brand, Gimi Gimi, is positioned as a Korean-style noodle brand for Indian consumers. The company is betting on rising interest in global flavours, particularly Korean food, to scale the brand nationally. According to the founders, the funding comes at a stage where both brands are seeing steady demand, and the focus now is on scaling operations and improving reach beyond existing markets. Manufacturing expansion and wider retail distribution are expected to be key priorities over the next phase. Alimento Agro Foods aims to build a portfolio of mass-market food brands in the convenience and instant food space, competing with both legacy FMCG players and newer direct-to-consumer brands.

iD Fresh to ramp up manufacturing capacity for expansion beyond metros

Livemint

Livemint · 1y ago

iD Fresh to ramp up manufacturing capacity for expansion beyond metros

Bengaluru-based convenience foods maker iD Fresh plans to establish four new manufacturing plants in Kerala, Tamil Nadu, West Bengal, and Andhra Pradesh by the end of the fiscal year. The move aims to diversify its reach in smaller cities and tap into the growing demand for quick and hassle-free meals. The company, backed by Premji Invest, already operates four plants in major metro cities and expects tier 2 and tier 3 towns to drive future growth. iD Fresh is also looking to double its business in the next three years and increase its share in the ready-to-cook market.

ITC to buy firms behind frozen food brands Prasuma, Meatigo to beef up portfolio

VCCircle

VCCircle · 10m ago

ITC to buy firms behind frozen food brands Prasuma, Meatigo to beef up portfolio

ITC Ltd plans to acquire frozen food companies Ample Foods Pvt. Ltd and Meat and Spice Pvt. Ltd, aiming to enhance its product portfolio in the rapidly growing frozen and ready-to-cook food market. With a strategic investment of Rs 187 crore, ITC will initially acquire 43.8% of Ample Foods by March 2027 and fully acquire both companies by June 2028. This move aligns with ITC’s strategy to capture emerging consumer demands and strengthen its market presence.

'Online platforms changing buying pattern among urban consumers'

Economic Times

Economic Times · 1y ago

'Online platforms changing buying pattern among urban consumers'

Consumers in metro cities are increasingly shifting from top-up purchases to stock-up purchases on online platforms, according to Kanaka Bhagwat, head of ecommerce at NielsenIQ. Quick commerce and ecommerce sales have grown at a rate of 30% quarter-on-quarter over the past five quarters, driven by convenience and assortment. Ready-to-eat foods, salty snacks, refined edible oils, biscuits, and packaged atta have seen significant growth on quick-commerce channels. FMCG companies like Nestle, ITC, Hindustan Unilever, Dabur, and Emami have reported double-digit growth on quick-commerce platforms. In metro markets, quick-commerce and ecommerce contributed 85% to incremental sales in Q3 2024, signaling the growing dominance of ecommerce.

Kolkata startup makes preservative-free meals ready in 7 minutes

Inshorts · 10m ago

Kolkata startup makes preservative-free meals ready in 7 minutes

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Adani's shopping plans: Three food companies, a billion-dollar wallet

Livemint

Livemint · 1y ago

Adani's shopping plans: Three food companies, a billion-dollar wallet

The Adani group has set aside $1 billion for acquisitions to expand its food and FMCG business in India. The group's FMCG business, Adani Wilmar Ltd, is in talks to purchase three brands in the spices, ready-to-cook foods, and packaged edibles sectors in southern and eastern India. Adani Wilmar, a joint venture between Adani and Wilmar group, plans to make multiple acquisitions in the next few years as part of its growth strategy. The company aims to become the largest food FMCG company in India, leveraging its distribution network and brand equity.

Food-delivery firms saw orders spike to 6.5 million on New Year’s Eve: Redseer report

Economic Times

Economic Times · 1y ago

Food-delivery firms saw orders spike to 6.5 million on New Year’s Eve: Redseer report

According to a report by RedSeer, food delivery firms witnessed a surge in orders on New Year's Eve, reaching 6.5 million. The demand was driven by people opting to stay indoors due to the COVID-19 pandemic. Online food delivery platforms experienced a considerable increase in orders during the festive season, as consumers preferred the convenience and precautiousness of ordering food at home.

Belgian Waffle Co: What's fueling India Inc's hunger pangs?

Economic Times

Economic Times · 4d ago

Belgian Waffle Co: What's fueling India Inc's hunger pangs?

India's food sector is experiencing a surge in investments, with significant deals in 2025. Notably, Vixar acquired a 45% stake in The Belgian Waffle Co., valuing it at Rs 1,700 crore. Reliance acquired a stake in Udhaiyams Agro Foods, and Orkla India is expanding via acquisitions. The sector's growth is driven by urbanization, convenience food demand, and evolving consumption patterns. This investment trend highlights the sector's prominence in India's economy.

iD Fresh turns profitable, clocks 16% rise in FY24 revenue

YourStory

YourStory · 1y ago

iD Fresh turns profitable, clocks 16% rise in FY24 revenue

Packaged foods seller iD Fresh announced its profitability in FY24, with a net profit of Rs 4.56 crore compared to a loss of Rs 32.8 crore in the previous fiscal year. The company saw a 16.3% YoY increase in operating revenue to Rs 557.84 crore, accompanied by a rise in total expenses. iD Fresh's ready-to-cook batters and parotta were its top-selling segments, with respective YoY sales increases of 24% and 10%. The company also plans to expand into the spices market and increase its presence in north India.

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