In May, Ruchi Soya announced the acquisition of Patanjali Ayurved's entire food business for Rs 690 crore, in order to speed up its transition into an FMCG company
The JV, Esquire IG, targets to manufacture 500-1,000 tonnes of fresh produce packaging both for the domestic as well as global markets, IG International said in a statement
Radiohead Brands, which makes Jimmy's cocktail mixers, on Tuesday said it has raised Rs 6 crore funding led by First State Stewart Asia Director Vinay Agarwal, HDFC Ltd CEO Keki Mistry and others.
According to sources, Flipkart is expected to invest about Rs 2,000 crore initially in the business and pump in more funds as required as it scales up supply chain, storage and logistics