FHRAI Raises Concerns Over Food Aggregators’ Q-Commerce Ventures
The Federation of Hotel & Restaurant Associations of India (FHRAI) has decided to approach the Commerce Ministry, voicing concerns over alleged violations of e-commerce rules by food aggregators Zomato and Swiggy. This move follows the National Restaurant Association of India (NRAI) announcement to consider legal actions, including approaching the Competition Commission of India (CCI), against […]
Haldiram’s Growth Story: A Look into the Latest Investment Race
Haldiram Snacks Food, India’s leading snack and convenience food brand, is at the center of an exciting investment battle. Temasek, a Singapore-based investment giant, is leading discussions to acquire a minority stake worth over $1 billion. The move follows Bain Capital’s withdrawal after earlier partnering with Temasek in a joint bid. Alpha Wave Global, backed […]
Blinkit CEO Responds to Concerns Over 10-Minute Food Delivery App Bistro
In response to concerns raised by the National Restaurants Association of India (NRAI) regarding Blinkit’s new 10-minute food delivery app, Bistro, CEO Albinder Dhindsa addressed the issues head-on. The NRAI had expressed concerns over the potential competition from standalone apps like Bistro and Swiggy’s Snacc, which could impact restaurant partners. However, Dhindsa assured that Zomato, […]
Ochre Spirits makes its debut in the hospitality industry
Ochre Spirits, an artisanal spirits brand, has officially marked its entry into the hospitality sector with the launch of its first Ochre Bar and Kitchen in Goa. This expansion into the hospitality space aims to create a unique dining and drinking experience that blends top-quality spirits with an inviting atmosphere. As the brand establishes its […]
Haldiram Becomes the Only Bidder to Acquire Insolvency-Affected Kwality for ₹130 Crore
In a significant development, Delhi-based Haldiram Group has emerged as the sole bidder to acquire the debt-ridden dairy company, Kwality, in the ongoing insolvency process. The Haldiram Group has made an offer of approximately Rs 130 crore for the acquisition. The Committee of Creditors (CoC) is expected to vote on the resolution plan by the […]