Mobiefit Bags $1.3 Million Fund Fron NB Ventures

Mobiefit recently raised a pre Series A funding of $1.35 Million (Rs 8.85 Crore) led by NB Ventures of Dubai with co-investment from MediAssist. NB Ventures is a $50+ million Dubai-based fund, whose recent Indian investments include Participation in $7 mi...

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Paperboat Making Age-Old Recipes Cool For Millenials

Paper boat brands of drinks producer Hector Beverages is taking traditional Indian items like chikki and aam papad to the millenials in a “cool” avatar. I see myself as Superman, who is a “protector of traditional recipes”, said Ne...

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HRAWI Requests Government To Return Input Tax Credit

Hotel and Restaurant Association Western India (HRAWI) claims that the reduction in GST on restaurant services without input credit will impact the industry in a negative way. To this effect, HRAWI recently submitted a representation to state finance mini...

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Lotte Confectionery Acquires Havmor Ice Cream Brand

Home-grown ice-cream brand Havmor announced its acquisition by Lotte Confectionery for Rs 1020 cr. Promoters of Havmor Ice Cream Ltd. (HIL) have agreed to a 100% acquisition by Lotte Confectionery. Lotte Confectionery has decided to acquire 100% of shares...

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