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HAVMOR INVESTMENT
Cooling products see mixed demand in June qtr; AC sales slump, beverages, ice cream stay resilientSummer demand for products showed a mixed trend. While air-conditioner sales dipped due to unseasonal weather and rising prices, beverages,...- Heatwave spurs surge in AC, beverage, ice cream output in IndiaSoaring temperatures have triggered a sharp demand rebound for ACs, beverages, and ice cream, with companies boosting output after a 50% sa...
- South Korean brands surge into India via JVs, investments in soju, beauty, foods amid K-wave boomKorean consumer brands are expanding into India across alcohol, beauty, food, and cigarettes, leveraging the 'Korean Wave'. Jinro soju has ...
- New-age ice cream brand Hocco raises $10 million in round co-led by Chona family office, Sauce VCThe funds raised, part of the $20 million Series B round, will be used to boost production capacity, expand into new markets, and strengthe...
- John Abraham backed ice cream brand Noto raises Rs 21 crore from Equentis Angel Fund, othersIce cream brand Noto has raised ₹21 crore in a funding round led by Equentis Angel Fund, with participation from IPV, Jito, and others. The...
- India ice cream market expected to touch Rs 45,000 cr in next 3 years: IICMAThe Indian ice cream market has surged four-fold in the past decade and is projected to achieve Rs 45,000 crore within three years. Factors...
- Ice-cream maker GoZero raises Rs 30 crore from DSG Consumer Partners, othersThe funding round also saw participation by Boat founder Aman Gupta and Namita Thapar, executive director of Emcure Pharmaceuticals. The fu...
- Lotte to enter snacks segment; to invest $300 million in next 5 years in IndiaLotte Wellfood CEO Paul Yi discusses the growing popularity of Korean culture and foods globally, including in India. The company plans to ...
- Ice cream brand Hocco secures Rs 100 crore, valuation hits Rs 600 croreAhmedabad's Hocco has secured fresh funding of Rs 100 crore (approximately $12 million). Led by the founding Chona family and existing inve...
- Cola, beverage, ice cream makers expect surge in sales as temp soarsBeverages major PepsiCo said summer months are naturally the most favourable season for its category and it is "optimistic" that its portfo...
- India could emerge as Wavemaker’s third-largest market, says execWavemaker’s India arm won new business worth Rs 1,750 crores in H1 2022, twice as much as in 2021, according to CEO Ajay Gupte. New clients...
- Havmor to invest ₹450 cr in India to expand capacityThe fresh investment is to ramp-up capacity and the company will set up a new manufacturing facility at Pune, the brand's first Korean tech...
- Lottee to invest Rs 450 cr in Havmor Ice Cream in 5 yrs; to boost manufacturing capacityLotte Confectionary, which acquired Havmor Ice Cream for Rs 1,000 crore in December 2017, has positioned the home-grown brand in the mass a...
- Lottee Confectionary to invest Rs 450 cr in Havmor Ice Cream in 5 years; to enhance manufacturing capacityLotte sees India as a strategic market, with headroom to grow consumption is large given that the per capita consumption of ice creams is l...
- KPMG hires ‘bold’ dealmaker to tap M&A rushThe former UBS and Goldman Sachs banker — known for originating some of Indian Inc’s biggest deal talks in recent years — would lead KPMG’s...
- Lotte Confectionery seeks 5% of its global revenues from IndiaFounded by Satish Chandra Chona in Karachi in 1944, Havmor had to wind up and cross the border within three years following the partition. ...
- South Korea's Lotte Confectionery to buy Havmor's ice cream business for Rs 1,020 croreAhmedabad-based Havmor has a significant parlour network across 14 states in India. It makes 150 kinds of products from two plants and sell...
- Manpasand Beverages invests Rs 160 crore in AmbalaManpasand had raised Rs 400 crore through an IPO, one of the primary objectives of which was setting up this plant.
- Havmor aims at Rs 1,000 crore sales by 2020The company, which is setting up a new ice cream facility at Faridabad with an investment of Rs 80 crore, also plans to set up another unit...
- SEBI bans Numero Uno Projects from trading for 2 yrsSEBI passed an order restraining Numero Uno Projects Ltd, promoters Harish Devji Ruparel, Vivek Ruparel, and the company’s various subsidia...
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