Category: FMCG

myfisensemyfisenseFebruary 8, 2021

Bain Capital LP acquires India-based folding carton company Parksons Packaging Ltd. for more than 30 billion rupees, Mint reported, citing two people aware of the talks. The U.S. private equity firm is in advanced stages of talks for the planned acquisition, which would mark an exit for Mauritius-based investor and Parksons minority shareholder Kedaara Capital […]

myfisensemyfisenseFebruary 8, 2021

USHG Acquisition Corp., a blank-check company led by Shake Shack founder Danny Meyer, filed to raise $250 million in an initial public offering. Meyer, who is chairman of the special purpose acquisition company, is chief executive officer of Union Square Hospitality Group LLC, which has operated more than 20 restaurants and bars, according to the […]

myfisensemyfisenseNovember 18, 2020

Malaysia-based food and beverages (F&B) procurement and inventory management startup Food Market Hub (FMH) has announced it has secured US$4 million in Series A round of funding. The round of funding was co-led by Go-Ventures and US-based investment firm SIG. The company plans to use the fresh capital to increase its market share in Malaysia […]

myfisensemyfisenseAugust 31, 2020

Egyptian food ordering startup Ordera has raised six-figure United States Dollars investment in a seed funding round, the company announced in a press release. The company however did not disclose the actual amount invested. The funds were raised Alexandria Angels, Saudi-based venture capital Daal, and AUC Angels. The fresh funds according to the startup will […]

myfisensemyfisenseAugust 4, 2020

Li & Fung, a Hong Kong-based centenarian supply chain has announced that it has secured US$100 million from Chinese Ecommerce giant This strategic investment comes after the 1906-founded supply chain company delisted from the Hong Kong Stock Exchange in May 2020 after shareholders accepted the privatization proposal from the board of directors. The company intends […]

myfisensemyfisenseJuly 30, 2020

Turkey-based digital platform FineDine has announced that it has successfully raised $600,000 in a statement on July 29, 2020. Participating investors include 500 Istanbul (500 Startups’ Turkey Fund), Istanbul-based TechOne VC & Twozero VC, Kuwait’s Savour, and angel investors including Hande Enes, Cenk Serdar, and Lovrenc Kessler. Duygu Kutluoglu Kilic and Adil Burak Kilic founded […]

myfisensemyfisenseJuly 28, 2020

Reliance Industries Ltd will purchase the Indian retail chain Future Group for $3.6 billion. Asia’s richest man, Ambani has been sustained by investments close to $20 billion from backers including Google and Facebook in his oil-to-telecoms conglomerate, and is seeking to strengthen his hand in India’s huge retail sector. Owned by India’s “father of modern retailing”, […]

myfisensemyfisenseJuly 23, 2020

Chinese fresh produce delivery service, Missfresh has raised $495 million in a new funding round led by CICC Capital, as China’s e-commerce market is appreciating a meteoric momentum during the coronavirus pandemic. The new round, which signifies one of the largest investments in China’s fresh produce delivery field, was backed by Tencent, Goldman Sachs Asset […]

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