Food | inves4: Indian Equity Investing

Deepinder Goyal reveals Zomato delivery partners’ average income amid gig economy debate: Here’s how much they earn

Zomato CEO Deepinder Goyal shared a fact sheet detailing the average income of the company’s delivery partners, among other details, following a recent exchange with popular YouTuber Dhruv Rathee on X (formerly Twitter). The move came after Rathee questioned the company’s pay practices and called for transparency around gig workers’ earnings, prompting Goyal to publicly … Read more

Sapphire Foods to merge into Devyani creating a single unified Yum! India Franchisee

Key Highlights of the Proposed Transaction: Merger of Sapphire Foods India Limited (SFIL) with and into Devyani International Limited (DIL) through a share-swap mechanism. Swap Ratio: 177 equity shares of DIL to be issued for every 100 equity share of SFIL. This is similar to their current respective valuations and there is no real arbitrage … Read more

Tatas look to renegotiate Starbucks India model

Early last year, Tatas claiming Starbucks a success in India targeted to open 1000 stores by 2028 (390 then). As per the Nov 2025 PPT, Starbucks currently has 492 stores in India. So about 100 stores in 2 years since the announcement. If target is to be met, 500 stores to be opened in the … Read more

Permira, Carlyle, L Catterton, others eye 30% stake in iD Fresh at ₹4,500-cr valuation

iD Fresh, which makes ready-to-cook packaged food items, is in talks to sell about 30% stake in the company for around ₹1,200 crore to global private equity funds, including Permira, Apax, L Catterton and Carlyle, according to four people familiar with the matter. “The PE firms are bidding for about 30% stake ( ₹1,200 crore) … Read more

Resistance by minority shareholders on Vadilal brand’s valuation

Related to the group’s restructuring (ending family feud) in March, is the acquisition of Vadilal Brand from a promoter entity for Rs 1,000 cr. (The ‘Vadilal’ brand is a strategic element of the group’s restructuring plan that was arrived at after the fourth generation of the promoter family reached a truce in March. Three promoter … Read more

Vadilal Industries

Devyani acquires Sky Gate getting access to it’s 3 brands

Devyani has acquired 80.72% stake in Sky Gate Hospitality (SGH). Founded in 2015, SGH is the owner of popular brands including Biryani by Kilo, Goila Butter Chicken and The Bhojan Its two other brands – Get-A-Way and Krazy Kebab Co – will get disinvested over the next nine months. SGH operates 100 outlets in 40 … Read more

Caramelised popcorn’s sweetness in jeopardy? Sitharaman’s GST clarification adds a tangy twist

The GST Council, led by Finance Minister Nirmala Sitharaman, has clarified the tax treatment of popcorn. It has been decided that pre-packed and labelled ready-to-eat popcorn will attract a 12% GST, while caramelised popcorn (mixed with sugar) will be taxed at 18%. Importantly, there is no change in the existing tax rates. The Council has … Read more

HUL board approves demerger of the Ice Cream Business

Board has in-principally approved to separate the Ice Cream business into a separate listed entity. Ice Cream business includes brands such as “Kwality Wall’s”, “Cornetto” and “Magnum” Decision is not final and is subject to the further evaluation and steps required as per the law. Final proposal for approval will be put in front of … Read more