Kitchen

Tupperware boxed in by stiff competition, changing preferences in India

The company, which started in the US in the early 1940s and later set foot in India almost 30 years ago, has seen its sales slowly dwindle, and in FY23, its bottom line was in the red

Kitchen and personal care brand Beco raises $10 mn in pre-Series B round

Founded in 2019 by Aditya Ruia, Akshay Varma, and Anuj Ruia, the Mumbai-based company claims to have achieved 3x growth in the last year

Kai Group to invest Rs 17 cr to expand manufacturing facility in Rajasthan

Kai Group, a Japan-based personal care product and kitchen equipment maker, said it will invest 300 million yen (around Rs 17.17 crore) to expand production capacity of its manufacturing facility at Neemrana in Rajasthan. This latest investment is to increase the production capacity of women's razors by over 5 million units per year, according to a statement issued by the group's local subsidiary Kai India. "The group is planning an additional investment, allocated around 300 million yen, reflecting KAI group's commitment to bolstering its manufacturing infrastructure," it said. The expected timeline for the completion of this expansion is five months, and the company expects the enhanced production capacity will be operational by the end of December 2024. This expansion aligns with Kai India's 'make in India' initiative, strengthening local manufacturing and meet the increasing demand from both local and international markets. Kai India Managing Director Rajesh U Pandya said: "Ou

Managing health insurance, setting up kitchen: Top personal finance stories

In this week's newsletter, we report about rising health insurance premiums and the best modular kitchens in the market

Lighter bags, heavier hearts: Kitchens feel pinch of vegetable price rise

Those who couldn't buy fresh vegetables would smash open an onion, sprinkle salt and eat it with a roti. But even those days are gone with the humble onion just too expensive, says vegetable vendor Imad Khan, recalling the staple image of the poor in India. About 10 km from the Sahibabad Sabzi Mandi in Ghaziabad where Khan sets up shop, homemaker Poonam Singh in Delhi's Mayur Vihar has not put tomatoes in any dish for almost a month, taking away an essential ingredient from her cooking. Khan and Singh may be at different points on the socio-economic spectrum but sit on the same side of a graph that has put everyday vegetables out of the reach of many in Delhi-NCR. While restaurateurs and home catering businesses are looking at how to absorb the extra costs and wondering whether they should hike their rates, home cooks are going for alternatives or just doing without. How can one make almost anything without onions, tomatoes or potatoes? Not that other vegetables are any cheaper, b

Low supply, high cost of greens sends Delhiites' kitchen budget in tailspin

Crop damage in states like Himachal Pradesh due to delayed rain has sent prices of vegetables skyrocketing in the national capital, with consumers forced to buy daily items such as tomatoes at double the price. Prices of kitchen staples like potatoes, onion, and tomatoes as well as green vegetables like cauliflower, cabbage, and those in the gourd family have particularly soared, vendors in the wholesale markets said. "Currently, the wholesale price of tomatoes is around 50 to 60 rupees per kg. The local variety is selling for 1,200 rupees per 28 kilograms (1 crate), and the hybrid variety for 1,400 to 1,700 rupees. Earlier these used to sell for around 25-30 rupees," Sanjay Bhagat, a trader in Azadpur Sabzi Mandi, said. "The price for other vegetables in the wholesale market is around 25 to 28 rupees per kg. Vegetables that used to sell for 10 to 15 rupees are now 25 to 30 rupees. Beans rates have also increased, selling for 40 to 50 rupees per kilogram," he added. The surge was .

Chef Sanjeev Kapoor backed Wonderchef eyes Rs 820 cr revenue in FY25

Celebrity chef Sanjeev Kapoor-backed kitchen appliances brand Wonderchef aims to reach a revenue target of Rs 820 crore in FY25, said its founder and CEO Ravi Saxena. Saxena, on the sidelines of the launch of the cooking robot Chef Magic at the Consumer Electronics World Expo, said the homegrown brand has positioned itself at the top of the ladder in premium and innovative appliances. "In FY24, we posted sales of about Rs 700 crore, and we are planning to touch about Rs 820 crore in FY25, on account of new product ranges, distribution expansion, and the e-commerce segment -- which brings in about 30 per cent of sales for the company," he told PTI. Saxena further said Wonderchef is planning to list its IPO in 2026. Chef Magic is an all-in-one kitchen robot that enables fully automatic cooking. Loaded with over 200 in-built recipes across cuisines by Chef Sanjeev Kapoor, the IoT-enabled interface will feed in new recipes every week. Saxena said he drew the inspiration for Chef Magi

Elior India Inaugurates State-of-the-Art Kitchen Facility

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Retail inflation eases to 4.83% in April, surge in food prices continues

Retail inflation eased to 4.83 per cent in April as prices of some kitchen items declined, according to government data released on Monday. The Consumer Price Index (CPI) based retail inflation was 4.85 per cent in March. It was 4.7 per cent in April 2023. Inflation in the food basket was at 8.70 per cent in April, marginally up from 8.52 per cent in March, according to the data released by the National Statistical Office (NSO). The government has tasked the Reserve Bank to ensure inflation remains at 4 per cent, with a margin of 2 per cent on either side. According to the Reserve Bank, which factors in consumer inflation while arriving at its bi-monthly monetary policy, food price uncertainties continue to weigh on the inflation trajectory going forward.

Haier aims to become 2nd largest appliance maker in India: NS Satish

The company expects the AC, TV, and washing machine categories to grow ahead of the refrigerator segment

Food regulator FSSAI inspects flight kitchens following live worm fiasco

Indigo says it has undertaken a review of catering partner's production, packaging processes

Stylish and sturdy: Stainless steel cutlery gets branding upgrade

Dinnerware becomes the favourite of chefs and families to serve food before guests

Delhi govt to introduce Cloud Kitchen Policy to boost state's economy

Delhi CM introduced a Cloud Kitchen Policy streamlining the licensing procedure and implementing a user-friendly single-window system through a digital platform.

Speed Kitchen raises undisclosed amount in funding led by Inflection Point

Cloud kitchen services provider Speed Kitchen has raised an undisclosed amount in seed funding round led by Inflection Point Ventures with participation from high net-worth individuals and angel investors. The kitchen-as-a-service provider for delivery-focused brands will use the funds for expansion and swell the footprint pan-India. Inflection Point Ventures (IPV) has so far invested over Rs 550 crore across over 170 deals. "We at Speed Kitchen are aiming to become the leading Cloud Kitchen infrastructure in the Indian market, the first step of which is to expand to 20-plus locations and cross 200 operational kitchens by the end of FY23-24," Paurav Rastogi, Founder of Speed Kitchen, said. At a CAGR of 39 per cent, the cloud kitchen industry has been valued at USD 800 million in FY22, which is expected to reach USD 1.9 billion by 2026.

This startup is disrupting the QSR model with AI- & IoT-driven kitchen tech

Set up in a college hostel back in 2014, Mukunda Foods has sold its products to about 6,000 restaurants that make Chinese, South Indian, Mughlai and other genres

Customs duty cut, I-T slab rejig to boost consumer durable stocks: Analysts

With revised customs duty across consumer electronics' manufacturers, analysts believe this measure would reduce costs for manufacturing mobile phones, TV panels, and kitchen chimneys

V-Guard Industries to acquire Sunflame Enterprises for Rs 660 crore

Deal likely to close by mid-Jan 2023, will be funded by mix of internal accruals and debt

Momo brand Prasuma to expand cloud kitchen venture by 200 units by 2025

Company will expand business in Mumbai, Delhi, Bangalore, Chennai, and other major cities

Foodtech startup On2Cook gets Rs 17 cr seed funding at Rs 100 cr valuation

Firm says its cooking appliances help domestic and commercial kitchens

Speciality Restaurants to expand; plans 20-30 cloud kitchens, 6 restaurants

At present, there are about 13 independent cloud kitchens, but the numbers are set to increase