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Rage Coffee will use the funding to scale production, launch new products, expand online presence and offline footprint, and for marketing and distribution as well as hiring.
The brand is planning to expand its online presence and offline footprint pan-India and will utilize the fresh capital for marketing and distribution purposes.
Nestle In A Tight Spot After 60% Of The Food Portfolio Deemed Unhealthy
Nestle In A Tight Spot After 60% Of The Food Portfolio Deemed Unhealthy
Nestle scrambles to do some damage control after an internal document states that around 60 per cent of its mainstream food and drinks portfolio is unhealthy .
Edited by Shreya Kachroo (with inputs from Reuters)
Updated: June 02, 2021 14:42 IST
Read Time: 3 min
Highlights
Their mainstream products do not meet a recognised definition of health
Nestle striving to increase the nutrient ratio in their products
Nestle, the largest food and drink processing conglomerate, has been under fire over an internal presentation wherein the company acknowledged that a significant percentage of their mainstream products do not meet a recognised definition of health . The internal report that was first accessed by The Financial Times stated that only 37 per cent of the company s food portfolio achieved a 3.5 rating or above under Australia s