News > Germany’s Dr. Oetker acquires start-up Kuppies, forays into ready-to-eat cakes, desserts segment
Germany’s Dr. Oetker acquires start-up Kuppies, forays into ready-to-eat cakes, desserts segment
The Hindu | 29/09/2021 10:13 PM | Click to read full article
German packaged food brand Dr. Oetker on Wednesday said it has acquired Noida-based start-up Kuppies, marking its foray into the ready-to-eat cakes and desserts segment.
The company, which has a strong presence in categories such as mayonnaise, spreads and Italian sauces under the FunFoods brand, is also targeting to close 2021 with a revenue of ₹400 crore, recording a growth of about 20%, Oliver Mirza, MD and CEO, Indian Subcontinent at Dr. Oetker said.