FMCG & Consumer Durables Newsletter - November 28 to December 2, 2016

India Infoline News Service | Mumbai | December 02, 2016 15:58 IST

This week, Twigly expands to India’s capital territory and Jharkhand based Osam raises Rs 45 crore in Series B funding. IIFL presents a weekly snapshot of all the major happenings in the FMCG and Consumer Goods industry, nationally and internationally.

Top News
 
Food-tech start-up Twigly expands to India’s capital territory
Twigly, an online food brand that serves global cuisine to your doorstep, has expanded its services in Delhi. The Company, which already runs two kitchens in Gurgaon and delivers 250+ orders a day, now intends to expand its customer base and is targeting 500 orders per day in the next few months. The Company has already created a mark for itself in Gurgaon by being the next generation food brand, whose primary focus is to build a supply chain around freshness. Read More
 
News In focus
 
Large Appliances market in Japan is shrinking in terms of volume: Ken Research
Ken Research announced its latest publication on “Japan Large Appliances Market Outlook to 2020- Growing Preferences for Technologically Innovated Products and Robust Replacement Demand to Shape Future” provides a comprehensive analysis of large appliances market in Japan. The report focuses on overall market size for sale of large appliances. These include revenue from domestic sale in television, washing machine, air conditioner and refrigerator. Market was also estimated based on volume sales in each category. Market is segmented based on product type and sub segmented based on their essential features along with distribution channel. The report also covers the competitive landscape of major players in Japan large appliances market, export and import scenario. The report concludes with market projections for future and analyst recommendation highlighting the major opportunities and cautions. Read More
 
Domestic News
 
Gillette India Q1 net profit at Rs 55 crore, up 64% YoY
Gillette India  said its sales in grooming segment grew 12% in Q1 September 2016 over Q1 September 2015, driven by strong brand fundamentals and product portfolio. The company said its sales in oral care segment declined 6% in Q1 September 2016 over Q1 September 2015, behind portfolio optimization to enable profitability. Read More

Jharkhand based Osam raises Rs 45 crore in Series B funding
Ranchi-based HR Food Processing Private Limited, which manufactures and markets dairy products under the brand ‘Osam’ has raised Rs 45 crores in Series B funding. This round of funding was led by Lok Capital advised Growth Catalyst Partners (GCP) - the third fund from the India focused VC firm along with co-investment from existing investor, Aavishkaar India II Company Ltd. The funds will be utilised by the company to expand its production capacity and further its distribution outreach into neighbouring districts in Jharkhand and Bihar. Read More
 

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