Profit’s Post

Poshn has raised $4 million in a new funding round, marking a significant step in their mission to revolutionize the food supply chain for MSMEs and institutions. This investment will support the expansion of their innovative full-stack solutions, including demand aggregation and embedded finance, and help them enter global markets in Southeast Asia and the Middle East. With a six-fold revenue increase from FY22 to FY24 and successful EBITDA profitability, Poshn is setting a new standard for efficiency in the food sector. The startup aims to leverage this capital to build the largest distribution network and tap into profitable import/export opportunities. 🔗 https://lnkd.in/dt6dMf2U #FoodTech #SupplyChainInnovation #GlobalExpansion #StartupFunding

Breaking News from TechCrunch and Ingrid Lunden: GrubMarket Inc. Acquires Good Eggs! GrubMarket, the leader in produce, grocery logistics and food supply chain technology proudly announces the acquisition of Good Eggs, a prominent fresh food delivery startup. 🎉🥚 This strategic move enhances GrubMarket's position in the online food and grocery delivery industry while integrating GrubMarkt's technology and network of wholesalers, growers and logistics companies to enhance Good Eggs supply chain operations. The acquisition, completed through an all-stock transaction, reflects GrubMarket's commitment to growth and innovation. Keith Brewer, formerly COO of Daylight Foods, Inc., will lead Good Eggs, bringing extensive experience to drive continued success. GrubMarket CEO Mike Xu emphasized the company's focus on profitability saying, "Profitability is in our DNA," as well as mentioning the B2B opportunities for integration and efficiency gains throughout the strategic value chain. 📈 With +90 successful acquisitions, GrubMarket continues to set the standard in the food supply chain industry. The addition of Good Eggs marks another milestone, reinforcing GrubMarket's dedication to high-quality products and services and strategic vertical integration. Stay tuned for more exciting developments as GrubMarket and Good Eggs embark on this new chapter, driving innovation in the fresh food delivery market. Welcome Good Eggs to the GrubMarket family! 👏 #Acquisitions #MandA #Startups #strategy #valuechain #foodsupplychainindustry #efficiency #profitability #D2C #verticalintegration #buildagreatcompany #bethechange #innovation #producesupplychain #GoodEggs #GrubMarket #D50 #Disruptors #Startups #StartupMandA #Exits #AIStartups

Through Pluckk, the Essar group has ventured into the food and beverage segment, rapidly establishing itself as a significant player in the category over the next five years. Funded by Exponentia Ventures and backed by Essar Capital, Pluckk offers a wide range of fresh fruits and vegetables, both whole and packed, as well as processed foods such as juices, salads, dips, ready-to-eat foods, and meal kits. Launched just two years ago, the brand has already doubled its revenues, selling 1.8 million packets a month to a customer base of 5 lakh, according to Chief Financial Officer Nelson D'Souza. By the end of FY24, it reached an annual recurring revenue (ARR) of INR 100 crore and is anticipated to triple in FY25. Read full story here: https://lnkd.in/ghgK6eT7 #growth #startups #foodindustry #foodandbeverage #expansion Pratik Gupta Ashu Agrawal

FreshToHome’s latest results highlight what a tough period FY23 was for the meat delivery startup. While CEO and cofounder Shan Kadavil had said in June 2022 that he expected to end the fiscal with Rs 1,200-1,500 crore in revenue, the company couldn’t cross the Rs 100 crore mark. This is significantly lower than the revenue of its rival Licious, which posted revenue of over Rs 700 crore in the same period. Despite this, FreshToHome is adamant it actually sells more seafood and meat. FreshToHome argues that the overall business on its platform is masked by the marketplace model it operates. Cofounder Shan Kadavil said the company’s GMV in CY2023 stood at Rs 1,200 crore. Kadavil says the company chose this model to comply with FDI regulations on selling multi-brand products since FreshToHome originally had ambitions of becoming a bigger player in the grocery category.   While that ambition hasn’t panned out, FreshToHome’s marketplace approach has helped it create new business lines. However, the company is considering a more Licious-like model as it aims to IPO by the end of 2025. Many in the industry, though, say that the GMV numbers claimed by FreshToHome "do not add up" and that the company has several challenges that need to be solved. Today's story by Pranav Balakrishnan takes a look under FreshToHome’s hood. Read the full story here: https://lnkd.in/gWmUPxHz

Exciting news from the FMCG sector: @Jabed Food and Beverage announces a strategic partnership with ShopUp Bangladesh's leading B2B commerce company. Stay tuned for the latest updates on this collaboration. #JabedFoodandBeverage #ShopUp #Startup #FMCGSector #Partnership #BrandInsights #BrandNews #BrandUpdate"

Fast-food chain Wow Momo Foods plans to go public within two years, according to CEO Sagar Daryani. The brand aims to replicate the rapid expansion of Domino's Pizza in the world's most populous country. At present, Wow! Momo is valued at Rs 2,500 crore and has a network of 650 stores. It plans to become the first major local fast-food chain to go public, riding on this shift in consumer behaviour. #wowmomo #momos #investors #startup #food #news #indianstartupnews

Fast-food chain Wow Momo Foods plans to go public within two years, according to CEO Sagar Daryani. The brand aims to replicate the rapid expansion of Domino's Pizza in the world's most populous country. At present, Wow! Momo is valued at Rs 2,500 crore and has a network of 650 stores. It plans to become the first major local fast-food chain to go public, riding on this shift in consumer behaviour. #wowmomo #momos #investors #startup #food #indianstartupnews

Mumbai-based specialty coffee and craft-baked goods brand Subko Specialty Coffee Roasters and Craft Bakehouse recorded sales of INR 13.5 Cr in the financial year ended March 31, 2023. This was 94% higher than the INR 7 Cr operating revenue it posted in the previous fiscal year 👇 Subko Coffee earns revenue by selling coffee and bakery products through its cafes and website. As per its financial statement, the startup earned most of its income – INR 13.4 Cr from the sale of coffee products in FY23. Meanwhile, net loss rose to INR 9.1 Cr in FY23 from INR 1.7 Cr in the previous fiscal year. To read more in detail, click here: https://lnkd.in/gyvQFMZp #startups #financials #revenue

Fast-food chain Wow Momo Foods plans to go public within two years, according to CEO Sagar Daryani. The brand aims to replicate the rapid expansion of Domino's Pizza in the world's most populous country. At present, Wow! Momo is valued at Rs 2,500 crore and has a network of 650 stores. It plans to become the first major local fast-food chain to go public, riding on this shift in consumer behaviour. #wowmomo #momos #investors #startup #food #indianstartupnews

Freshleaf has raised a funding of Rs. 1 Crore in seed funding round led by Inflection Point Ventures. Freshleaf Teas | Balkirat Singh | Muneet Arora | Inflection Point Ventures | Vikram Ramasubramanian Click on the link below to know more... #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailsectornews #retailindia #retailtrends #retailbusiness #ir #IndiaRetailing