Food and fruit products maker Naturo is looking at Rs 100 crore revenues by 2020, a top official said today. The Chittoor-based company, which had registered revenues of Rs 30 crore last year, is pinning hopes on processed fruits category, which contributes majority of revenue, Naturo Food and Fruit Products Director, K Sivamohan Reddy said.
After launching Naturo Fruitsum under the processed fruits category here, Reddy said the company was looking at launching products fruit peel, fruit nacks, juicy chunks while focusing on health and hygiene.
Advancells partners with US based Global Stem Cells Group * Domestic stem cells company Advancells is partnering with US based with Global Stem Cells Group Inc.
As per the terms of the agreement, the Florida based firm will share protocols and expand its operations in the India subcontinent with stem cell training and a new treatment centre.
Commenting on the development, Advancells CEO Vipul Jain said: “We are pleased to partner with Global Stem Cells Group, to combine our knowledge and expand our ability to bring stem cell medicine to patients worldwide.”
Kisan forum to organise 2-day KISAN Agri show * Kisan Forum will organise a two-day KISAN Agri show scheduled from February 26 that will host more than 100 exhibitors.
The show will be held here in the national capital.
“The objective of KISAN Agri show is to offer a platform for farmers to address various issues faced by them and offer technology that can help change their life for better,” the forum said in a statement.
Sony SIX inks deal with TNA Wrestling to broadcast content * Sports television channel Sony SIX announced here today it has signed a deal with TNA Wrestling to broadcast its content for the next seven years.
The partnership also includes a commitment to “the discovery and development of talent from the Indian subcontinent” to join the TNA roster, following in the footsteps of Mahabali Shera, who became TNA’s first ever Indian-born Superstar last year, Sony Six said in a statement issued here.
iTiffin to raise $10 mn to fund expansion plans * iTiffin, an online food delivery venture by cricketer Robin Uthappa, plans to raise USD 10 million (over Rs 60 crore) in the next six months as it looks to expand into tier I cities including Delhi, Mumbai and Hyderabad.
Founded in 2013 by Uthappa and former Flipkart Finance Head Tapan Kumar Das, the startup has already raised seed funding of USD 1.5 million last year.
“We want to raise another USD 10 million to expand our operations and are already in talks with some foreign private equity firms. We expect the funds to be raised in next six months,” iTiffin co-founder and CEO Tapan Kumar Das said.