FMCG | Pixr8 News

25Jan By NitishNo Comments

ACQUISITION

German Personal Care brand Creme 21 Acquired for Euro 11-12 million

A leading German personal care brand, Creme 21 was acquired by an Indian FMCG Emami for 11-12 million euro. This is the first international acquisition of this size in this segment by Indian FMCG Emami. We had acquired a small company earlier. The brand has been acquired at around 11-12 million euro of little less than 1.5 times of sales of 8 million euro," Emami director Harsha V Agarwal said. "This international acquisition will add to about 15 per cent of total overseas revenues and is in line with the companys strategy for growth through inorganic route," he said. Creme 21 will help to expand Emami's international business which is primarily dependent on personal care. In the personal care segment alone Emami total business accounts for 70 percent in India. Creme 21 has a...

Future Group to Acquire Iraya to Compete With Rival Patanjali

30May By Gauri SinghNo Comments

BUSINESS

Future Group to Acquire Iraya to Compete With Rival Patanjali

Kishore Biyani, the founder and chief executive officer (CEO) of Future Group is eyeing to acquire the Gujarat-based Ayurveda company Iraya from Athena Life Sciences. Iraya is an ethical cosmetic brand which deals in herbal beauty and personal care products. This sector has lately seen a great success and Biyani is all set to enter it. With this acquisition, Baba Ramdev’s ayurvedic brand Patanjali should gear up to face a tough competition in the market. Similar to Patanjali, Iraya sells ayurvedic products such as ayurvedic oil, facial massage cream, neem and basil soap, hair gel, nutrifying skin food and face wash, among others. It also deals in herbal products for anti-dandruff and hair re-growth treatment. “We are in talks for acquisitions in the ayurvedic beauty space. Valuations m...

30May By Gauri SinghNo Comments

News

Facebook on a Hunt for India Head

The social media giant Facebook is up for finalizing its new head for the operations in India, and it is basically looking for Top media and FMCG executives. The interviews regarding the same are being taken up by the company’s vice-president for global marketing solutions David Fischer who is in the country for this purpose. A decision would be taken by him after reviewing and close examination. The sources convey that the shortlisted candidates included Hotstar CEO Ajit Mohan, Tata Sky MD Harit Nagpal, Star India MD Sanjay Gupta, and former Karnataka IT secretary Srivatsa Krishna, among others. The leading candidates among these are Hotstar and Tata Sky executives. The job description, for that matter, states that the new India leader will be responsible for Facebook's India ope...

Patanjali Ayurved Earning Reach $2 Million via Online Sales

19Apr By NitishNo Comments

BUSINESS

Patanjali Ayurved Earning Reach $2 Million via Online Sales

Baba Ramdev led Indian FMCG company Patanjali Ayurved registered an online sales of up to Rs 15 crore every month and expect it to grow further every month. "Our online business is between Rs 10 to 15 crore per month, and expecting to increase it further every month. Our online business is doing good despite the fact that we are not offering any discounted sales to the consumers" said CEO of Patanjali, Acharya Balakrishna. According to Balakrishna, who was speaking at an event, "the company would continue to invest in the food processing and connect with more farmers. This would also create more employment opportunities." For current fiscal, Balakrishna said, "We have done better than the last year (FY 2018) and expected, even more, this fiscal. We have tried to improve our internal s...

Dubai Based E-commerce Platform ‘Mumzworld’ Raises its Largest Ever Funding

12Feb By PriyankaNo Comments

MIDDLE EAST

Dubai Based E-commerce Platform ‘Mumzworld’ Raises its Largest Ever Funding

MENA (Middle East North Africa) based Mumzworld, an e-commerce platform dedicated to mothers, babies and children has recently raised its fifth and largest round of funding. The fresh funding will be utilized to implement its regional growth plans. The funding round was led by Swicorp, an investment banking firm that offers corporate finance advisory services focusing on MENA and Wamda, MENA's leading venture firm investing in startups. Apart from them, the round also saw participation from Tamer Group and FMCG company. Existing investors of Mumzworld include- Wamda, WSB Holding, Precinct Capital, Riverbank Technologies and Saned. The e-commerce startup has also seen some quick funds from prominent Saudi groups operating in adjacent segments. The mother and childcare e-commerce po...

22Jun By RishabhNo Comments

FUNDING

MaxWholesale Raises $1 Million Funding From IAN, Maple Capital Advisors

MaxWholesale, a mobile based B2B grocery supply chain platform, has raised close to USD 1 million (Rs 6 crore), led by Indian Angel Network (IAN) and Maple Capital Advisors. These investors include names like Ambarish Raghuvanshi, Raman Roy, Sunil Munjal, Bikky Khosla, Pankaj Karna and Abhinav Grover among others, a statement said today. Last year in July, the firm raised Rs 1 crore (around $150,000) in a seed round from Maple Capital Advisers. MaxWholesale is powering the online wholesale process for more than 90 FMCG companies, some of them being Cadbury, Dabur, Patanjali, Capital Foods, P&G and HUL. “There are more than 7 million stores in India and the packaged consumer goods market in the country is worth more than $40 billion. MaxWholesale is leveraging the power of t...

Patanjali to Wipe Out MNCs From Indian Market in 5 yrs: Baba Ramdev

1May By RishabhNo Comments

Entrepreneurs Talk

Patanjali to Wipe Out MNCs From Indian Market in 5 yrs: Baba Ramdev

Yoga guru Ramdev said today that Patanjali Ayurveda, promoted by him, will steal the march over multinational firms manufacturing consumer products. Comparing them to the East India Company that had entered the country with a purpose to "loot", Ramdev said that he aims to make India free from the MNCs. He said that the MNCs here were not working for the countrys development, rather their sole objective was to "loot" India. "Patanjali agle panch varshon mein in videshi kampaniyon ko moksh de degi ( Patanjali will finish the MNCs up from the Indian market in next five years)," he said. He was speaking at a function organised here to mark the birth anniversary of Yogi Bharat Bhushan. "In the next five years, Patanjali would educate the farmers about the latest techniques in far...

Patanjali Will Soon Expand Globally- Acharya Balkrishna

23Apr By AdityaNo Comments

Entrepreneurs Talk

Patanjali Will Soon Expand Globally- Acharya Balkrishna

Patanjali Ayurveda's Co-Founder and CEO Acharya Balkrishna on Thursday announced that the company is planning to expand globally in the near future, while addressing a 'Made in India - Food Buyer Seller Meet' organised by the Federation of Indian Chambers of Commerce and Industry (FICCI) and Agricultural and Processed Food Products Export Development Authority ( APEDA). He urged players of food processing sector to come together and promote healthy food products. "This initiative taken by FICCI is an example of industry players taking a step towards making Indian food industry an international brand accepted by all. Patanjali Ayurveda Ltd. is committed to go global and fight adulteration in Food industry," said Balkrishna. Patanjali already has its presence in many countries, ther...

Pulse Candy Maker DS Group Eyes 20-24% Revenue Growth This Fiscal

4Dec By NitishNo Comments

News

Pulse Candy Maker DS Group Eyes 20-24% Revenue Growth This Fiscal

Diversified firm Dharampal Satyapal Group (DS Group) expects its revenue to grow by 20-24 per cent this fiscal with food and beverage and mouth freshener businesses driving the growth. "We have been growing at an average of nearly 20-24 per cent in last few years and that is a growth trend we would like to maintain, with emphasis on first-class quality and innovative products," DS Group Vice Chairman Rajiv Kumar told Pixr8. The food and beverage (F&B) and mouth freshener businesses are driving the growth of the group and the past year has seen the company entering new areas in both to further strengthen our FMCG offerings, he added. The Noida-based group, which is well known for its consumer goods brands like 'Catch' and 'Pass Pass', had reported a turnover of more than Rs 7,7...

Black Money Ka Black Magic – Balkrishna’s Wealth Story Has Something ‘Black’ says Expert!

14Sep By VishwadeepakNo Comments

News

Black Money Ka Black Magic – Balkrishna’s Wealth Story Has Something ‘Black’ says Expert!

Baba Ramdev close aide Acharya Balkrishna becoming one of the wealthiest persons of India has created a buzz. Business world, market analyst and financial experts have reacted cautiously but there are a few who spoke their mind. People are amazed to know that a saint, an Acharya has amassed 25,600 crore of wealth according to Hurun India Rich List 2016. Where does this come from and how did he do so? These were the questions asked by common man in the metro, in Bazar. We spoke to many expert and senior journalist about it. Some experts, with the condition of anonymity told Pixr8 about the alleged role of black money in the rise of Balkrishna’s wealth in particular, and Ramdev’s Patanjali Ayurved Limited in general. A financial expert and a journalist with a prestigious business channe...

Patanjali Start Operation in International Markets, Setup Unit in Bangladesh & Nepal

11Sep By AdityaNo Comments

News

Patanjali Start Operation in International Markets, Setup Unit in Bangladesh & Nepal

Yoga guru Ramdev-owned Patanjali group is all set to explore international markets with its FMCG products and may also enter Pakistan and Afghanistan in future. "We have already set up our units in Nepal and Bangladesh and our products have reached the Middle East and became popular in some of the countries, including Saudi Arabia," Baba Ramdev told reporters here. "We should be concentrating in poor countries as the profits from those countries will be utilised for development work there itself. "The entry to Pakistan and Afghanistan will mostly depend on the prevailing political situation, and if the situation is politically conducive, units will be set up there," he said. He said their company products are reaching right up to Canada. Patanjali has already entered Azerbaijan which ...

Indian FMCG Dabur is Ready to Enter Into E-commerce Space

8Jun By PriyankaNo Comments

News

Indian FMCG Dabur is Ready to Enter Into E-commerce Space

Homegrown FMCG major Dabur is gearing up for a bigger play in the e-commerce segment in India to tap potential of the fast growing sector. The company which has ventured into online cosmetics and beauty products through NewU, run by its wholly-owned arm H&B Stores, is also working on another platform DaburUveda.com to enhance its presence in the e-commerce space. "We do see that e-commerce is going to expand in a very big way. Thanks to technical development and increased mobile phone penetration, the e-commerce opportunity is going to be very very big. We feel that it is going to expand further in the middle and long term scenario," Dabur India CFO Lalit Malik said. Commenting on Daburs activities in the space, he said: "Although we are growing in the e-commerce side,...