Sattviko acquires FYNE Superfood – Feedback

Vegetarian food chain Sattviko has acquired Delhi-based packaged products company FYNE Superfood for an undisclosed amount to ramp up its packaged products offerings. The company said the brand and products of Fyne Superfood will now be merged with Sattviko.

“We are scaling up Sattviko’s packaged products aggressively. This acquisition is aligned with adding some great products in our portfolio. FYNE’s products will resonate with our product strategy,” said Prasoon Gupta, cofounder of Sattviko. Launched in 2014, Sattviko operates through its standalone restaurants and delivery centres in Delhi, Gurgaon and Jaipur. Gupta refused to disclose the acquisition price but said that Darpan Majumdar, one of the co-founders of FYNE Superfood, will join the company and lead the intellectual property transfer for the next six to seven months.

http://economictimes.indiatimes.com/industry/cons-products/food/sattviko-acquires-fyne-superfood/articleshow/53625601.cms

About news

We take care of publishing the latest investment news and highlights for Feedback

Leave a Reply

Your email address will not be published. Required fields are marked *