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Spice Lounge Launches Food Division, Targets ₹1,200 Crore Revenue

Spice Lounge Launches Food Division, Targets ₹1,200 Crore Revenue
Spice Lounge launches food emulsifier, agro division; eyes ₹1,200 cr · thehindubusinessline.com

Spice Lounge Food Works has started a new business division.

This division will make food emulsifiers and source and process farm products.

It may also work with agrochemical companies.

The division will supply ingredients to restaurants, hotels, fast-food chains, and food factories.

The company hopes this supply business will eventually earn more than ₹1,200 crore.

Its live-events business, called Xora World, is also planning four events.

These events will take place in Goa, Tirupati, and Hyderabad.

Together, the events are expected to bring in more than ₹20 crore.

Key facts

Company
Spice Lounge Food Works
New division
Food Emulsifier and Agro Division
Revenue target
More than ₹1,200 crore for the supply-chain business
Planned activities
Food emulsifiers, agri-sourcing, processing, agrochemical partnerships, and farm-gate sourcing
Business customers
Hotels, QSR chains, food-processing units, restaurants, and institutional buyers
Events division
Xora World
Event portfolio
Four events across Goa, Tirupati, and Hyderabad
Expected event revenue
More than ₹20 crore

Sources

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