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Country Delight secures 200 crore funding to boost expansion and marketing efforts
Country Delight has secured a Rs 200 crore debt investment from Alteria Capital to fuel its expansion, capacity building, and brand marketing as it prepares for an IPO. The Gurugram-based company, known for delivering fresh food essentials, aims to capitalize on the growing demand in India's unorganised fresh foods market, projected to exceed $50 billion by 2025. With a recent valuation of around $750 million, Country Delight continues to enhance its operations through a fully integrated supply chain model.
west virginia transforms coal site into long duration energy storage hub
West Virginia is transforming its coal industry legacy by hosting Form Energy's new factory in Weirton, which produces long duration energy storage systems. Supported by a $290 million state incentive and a $150 million federal award, the facility aims to expand significantly by 2028, creating over 750 jobs and enhancing the renewable energy supply chain. This initiative highlights a shift towards sustainable energy solutions amid ongoing debates over fossil fuel investments in the state.
institutional investors increasingly prioritize esg factors despite political challenges
A recent survey reveals that 67% of institutional investors now prioritize environmental, social, and governance (ESG) factors more than last year, with 42% of their assets managed under ESG considerations. Despite concerns about returns and challenges like greenwashing, the trend towards sustainable investing continues to grow, driven by a commitment to fiduciary responsibilities and stakeholder expectations. Over 70% of investors anticipate increased use of artificial intelligence to enhance ESG data management in the coming years.
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