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Plant-Based Food Company TMRW Foods Raises $2.6 Million

26Aug By PriyankaNo Comments

FUNDING

Plant-Based Food Company TMRW Foods Raises $2.6 Million

VANCOUVER, BC, Aug. 25, 2021-- TMRW Foods, the growing Canadian plant-based food innovation company, announced a seed round investment of $2.6 million. Investors for this fundraising round include Greg Blake (Daiya co-founder), Richard Cooperstein (CEO & Senior Managing Partner of Media Investment Group, former Senior Executive at Disney's Worldwide Television Group, Paramount Pictures & Facebook), Eric Patel (Director at Fresh Prep, former Director at Smart Sweets, former Board Chairman at Daiya), and the Milne Group (owners of Virtuous Pie, Mila and Harken Coffee), who have increased their stake in the company. TMRW's mission is to redefine protein for the masses by creating protein with more flavour, nutrients and variety than any protein available...

Herbalife Repurchase Shares Worth $600 Million from Icahn Enterprises

4Jan By AdityaNo Comments

BUSINESS

Herbalife Repurchase Shares Worth $600 Million from Icahn Enterprises

LOS ANGELES, 4th Jan 2021-- Herbalife Nutrition, a premier global nutrition company entered into an agreement to repurchase approximately $600 million of the Company’s common shares from Icahn Enterprises. The purchase of the shares will be funded from Herbalife Nutrition’s cash on hand and existing credit facility. The repurchase of shares is a part of the Company’s 2018 program that will have resulted in the Company repurchasing a total of approximately $1.5 billion in shares. After this transaction Icahn Enterprises will hold approximately 8 million Herbalife Nutrition common shares, representing approximately 6% of the outstanding shares. In 2013, at a time when Herbalife Nutrition was under pressure from short sellers, the Company agreed to give Icahn Enterprises five bo...

RSG Group Acquire Gold Gym for $100 Million

14Jul By AdityaNo Comments

ACQUISITION

RSG Group Acquire Gold Gym for $100 Million

BERLIN, July 14, 2020-- RSG Group GmbH was selected as the winning bidder in a court-approved auction process held on July 13, 2020, and is set to acquire the most well-known and iconic gym chain in the world, Gold's Gym. With this acquisition, the RSG Group, which has mainly been active in Europe up to now, will become a global leader in fitness with over 900 locations and will be represented on six continents. Established in 1965 in Venice, California, Gold's Gym hit hard by the economic shutdown due to the COVID-19 pandemic, filed for bankruptcy under Chapter 11 on May 4, 2020, in an effort to facilitate the financial restructuring of the company. In mid-May, as part of the initial bankruptcy filing, Gold's Gym announced its plan to emerge from bankruptcy quickly through a pre...

The Source of Your Cooking Oil Can Impact Your Health

8Jul By PriyankaNo Comments

BLOGS

The Source of Your Cooking Oil Can Impact Your Health

Nutritious food is not all about greens and fresh, but also ensuring that they are not contaminated with chemicals., similarly healthy cooking oil is not only about good and bad fats but also about the environment and pollution in the region where the oilseed is grown and processed Experts suggest that toxic chemicals are making their way into the food chain through Air, Water and Soil. The time has come to choose natural and pollution-free sources With the rising incidences of obesity, diabetes, heart disease and hypertension, it is probably the cooking oil which got maximum attention from the health-conscious consumers. However, recent research indicates that to ensure really healthy cooking oil, one needs to be mindful of the quality of air, along with water and soil, in the re...

8Jan By PriyankaNo Comments

FUNDING

Innerchef Raises $6.5 Million in a Pre-Series B Funding

India based shared Cloud-kitchen Platform, InnerChef, today announced that it has successfully completed its Pre-Series B funding round, raising $6.5 million (INR 43 crore) to further solidify its position in the fast-growing food tech space. Multiple investors including Mistletoe, Das Capital, Saha Capital, M&S Partners and Brand Capital participated in this financing round. InnerChef has raised a total of over $10M in funding so far. Its lead investor is Mistletoe, a Japanese investment firm by serial entrepreneur Taizo Son. Rajesh Sawhney, Founder and CEO, InnerChef, says, “InnerChef’s multi-brand strategy has delivered outstanding results in 2018. The fresh funding will be used to strengthen the brand portfolio. Healthie, for instance, has become a category-defining brand...

Health Tech Firm CitiusTech Eyes $500M Revenue in Five Years

20Nov By Gauri SinghNo Comments

BUSINESS

Health Tech Firm CitiusTech Eyes $500M Revenue in Five Years

Healthcare technology firm CitiusTech is looking to more than double its revenue to $500 million in five years on the back of growing investments by hospitals, insurance firms and service providers in the US and Europe in harnessing data to improve services. The firm expects to close this fiscal with revenues of $175-180 million, including income from FluidEdge, which it acquired earlier this year. “We have been growing at 25% annually over the last few years, so even if we continue to grow at this rate, we would reach our goal of becoming a $500 million company in five years,” said CitiusTech CEO Rizwan Koita. The company has just set up an advisory board comprising veterans from the healthcare industry to offer strategic guidance to the management to drive innovation across key...

Cure.fit To Launch Quick Service Restaurants in the Coming Weeks

12Sep By Gauri SinghNo Comments

News

Cure.fit To Launch Quick Service Restaurants in the Coming Weeks

Health and fitness startup Cure.fit is on the advanced stages to launch two quick service restaurants (QSR) in Bengaluru. The restaurants are expected to be launched in the next 4-6 weeks and will offer healthy food to people who are on-the-go in the city. This move will make the company one of the early firms in the food tech sector to foray into the offline space. For the purpose of setting up each of the food outlets, Cure.fit is investing approximately Rs 40-45 lakh. "Our proposition is that people should find healthier ways to eat wherever they are. This is why having an outdoor presence is important. We are piloting with a couple of outlets and will see how it goes," said Ankit Nagori, Co-founder of Cure.fit. The company offers four fitness and health products, which include gym...

31Jul By Press Trust of IndiaNo Comments

FUNDING

Cure.fit Raises $120 mn Funding led by IDG, Accel

Health and fitness startup Cure.fit today said it has raised USD 120 million funding (Rs 824 crore) in new round of funding led by IDG Ventures, Accel Partners and Kalaari Capital. The series C round funding also saw participation from Chiratae Ventures and Oaktree Capital, Cure.fit said in a statement. "The fresh investment will enable Cure.fit to strengthen technology platform, invest in building a national brand and scale the geographical footprint for the company's four flagship products Cult.Fit, Eat.Fit, Mind.Fit and Care.fit," it added. Founded in 2016 by Myntra co-founder Mukesh Bansal and former Flipkart executive Ankit Nagori, CureFit operates a chain of fitness centres under Cult.Fit. It also focusses on mental fitness (through Mind.fit), healthy food (Eat.fit) and primar...

9Feb By Sabhyata AgarwalNo Comments

FUNDING

Fitness Platform Healthifyme raises $12 Million in Series B Funding

Healthifyme, an Indian digital weight loss platform has announced its $12 Million Series B funding round by Sistema Asia Fund, with the venture also becoming the member of company's board. Healthifyme that claims to have 4 million users also had Silicon Valley-based Samsung Next, Singapore’s Atlas Asset Management, and Japan’s Dream Incubator as investors in the funding round. Previously in May 2016, it raised $6 million in Series A funding from IDG Ventures India, Inventus Capital and Blume Ventures. In 2015, the company raised an undisclosed amount in Series A funding from independent links. The recent Series Funding B transaction is believed to be the outcome of advise by RainMaker Group in October 2017. The Bengaluru based startup was found in 2012 by Tushar Vashisht, Math...

Nutritionist Who Gave Aamir Khan Dangal Look Going to Launch His Book

24Dec By NitishNo Comments

INSPIRATIONAL

Nutritionist Who Gave Aamir Khan Dangal Look Going to Launch His Book

Nutritionist Nikhil Dhurandhar, who was responsible for Aamir Khans wrestler looks in "Dangal", has come out with a book for fitness lovers and those aspiring for a healthier body. In "Fat-loss Diet", Dr Dhurandhar seeks to bust diet myths with facts over fads and provides a plan designed specifically for Indians. The book covers a range of topics - from reasons for weight gain, to things one need to fight it, to effective meal plans and motivational tips, to ways to stop the lost weight from returning. It is set for release next month. "On the one-year anniversary of the successful release of Dangal, the film, where the phenomenal fat-to-fit transformation of actor Aamir Khan took everyone by surprise, here is a book written by the very same doctor, Dr Nikhil Dhurandhar," publ...

17Aug By AnkitaNo Comments

FUNDING

CureFit In Talks To Raise $30 Mn Fresh Funding

Healthcare startup CureFit is in advanced talks to raise around $30 million of fresh funding to expand its fitness brand Cult, enter new markets and launch other health related services, Mint reported recently. (more…)

Pokemon Go May Promote Healthy Lifestyle: Study

8Jul By Press Trust of IndiaNo Comments

ANALYSIS

Pokemon Go May Promote Healthy Lifestyle: Study

Playing Pokemon Go may be good for your health, say scientists who have found that the popular physically-interactive game promotes exercise and reduces sedentary behavior. Researchers from Kent State University in the US assessed the ability of the smartphone based video game Pokemon Go to increase walking and decrease sedentary behavior, like sitting. They asked over 350 college students to report their physical activity and sedentary behavior the week before they downloaded Pokemon Go, the week immediately after downloading the game, and again several weeks later. The team found that relative to the week before downloading the game, students doubled their daily walking behaviour (102 per cent increase) and reduced sedentary behaviour by 25 per cent during the first week after d...