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Two By Two Fri, 19 Sep 25 |
An abridged, narrative version of the latest episode of Two by Two, The Ken’s premium weekly business podcast. |
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Have you ever stood in a supermarket aisle, holding two different brands of the same product, utterly bewildered by the nutritional labels? You’re not alone. What we think is healthy often isn’t, and what the label says might not be the full story. This week on our podcast, Two by Two, we explored the various means by which Indian consumers find out what they’re eating and, more importantly, what happens when they do.
In this discussion, we featured two innovators tackling this problem from fascinatingly different angles: Arjun Anjaria, the founder of Unbox Health, and Munaf Kapadia, the VP of growth and marketing at Natfirst, the parent company of the app Truthin. Both are building platforms to empower consumers, but their core philosophies reveal the complexity of establishing trust in the Indian food landscape.
Unbox Health operates on a principle of verification. It is India’s first ratings platform for packaged foods and supplements built on the foundation of independent lab testing. Unbox Health takes products, tests them in a lab, and rates them on a D-to-A+ scale based on three pillars: label accuracy, non-toxicity (checking for heavy metals and toxins), and nutritional profile. It’s an objective, scientific approach that aims to answer the fundamental question: Is what’s inside the box the same as what’s claimed on the outside?
Truthin, on the other hand, works on a principle of interpretation. It takes the information already available on the package—the nutritional tables and the ingredient lists—and processes it through a sophisticated algorithm to make it understandable. It acts as an “X-ray for packaged goods”, converting complex data into a simple 1-to-5 rating and clear insights. Their approach is to trust the label but translate it, empowering consumers by breaking down the jargon and providing context, much like a “Bhim for product intelligence”.
One approach verifies the label, while the other interprets it. Together, they represent a powerful shift toward consumer consciousness.
The great labelling labyrinth
Why is nutrition labelling even a problem? Because it is incredibly hard. Globally, there are multiple systems: the monochrome tables we’re used to in India, traffic-light systems in the UK, the Nutri-Score in Europe, and the Health Star Rating in Australia.
In India, the regulatory body FSSAI is still relatively young and faces the monumental task of enforcing guidelines across a vast and diverse market. The pressure is mounting, with even the Supreme Court directing the government to finalise and implement clearer front-of-pack labelling. The goal is to move critical information—like total sugar, salt, and saturated fats—from the back of the pack to the front, making it impossible to ignore.
This is what will fundamentally change how we interact with our food at the moment of purchase.
The ‘healthy’ food that actually wasn’t
To kick off the conversation, I asked a simple question: “What’s a food you thought was healthy, only to find out it wasn’t?” The answers from the panel were revealing and relatable.
Munaf Kapadia: One is personally, it’s not very dramatic—it’s cereal. I’m not going to name brands, but it’s just a very regular cereal that everyone eats, and I’m lactose intolerant. So I just assumed the cereal did not have lactose, but my stomach would always pain… Then I used Truthin and found out that the cereal actually has lactose.
Rohin: For me, it’s milk. So I love coffee; I love cappuccino. It was only about two years ago when I started measuring the amount of calories in, say, 100 ml of milk. If you’re having that 100 ml of milk twice or thrice a day, that’s a lot of calories you are ingesting. I realised I shouldn’t be doing this.
Arjun Anjaria: For me, it was probably coconut fats and coconut creams… until we sort of really looked into the nutritional profile of coconut, especially coconut fats, right? They tend to be extremely high in saturated fats. So, maybe in moderation, it fits in perfectly in a diet, but in excess amounts for a family with a genetic history of heart disease and cardiovascular issues, maybe not the best thing to be consuming in bulk.
Praveen: Mine was granola. I thought granola was good because it looked like one of those things that you could eat… I bought granola thinking that it is healthy, that this is what a healthy breakfast looks like. Then after some time, I went back and looked at the back of the packaging and I saw the amount of sugar on it. Then I realised that is why.
Beyond personal anecdotes, the discussion also yielded some profound insights into the mechanics of food, trust, and consumer behaviour.
The goal isn't ‘healthy’, it's ‘conscious’
While the common assumption is that these tools are designed to force everyone to eat “healthy”, Munaf argued for a more nuanced goal: empowering consumers to be conscious of their choices, whatever they may be. The power lies in knowing, not necessarily in abstaining.
Munaf Kapadia: We did this survey where we leveraged Revant’s community—food and farmers—he has like five million people who listen to him. It’s incredible. You can’t even imagine how many people indirectly listen to him. We leveraged this community to do a survey, reaching thousands of people, and we asked them questions which gave us two core insights.
We asked them: Are you healthy? Like, do you consider or identify yourself as health-conscious or healthy? I’m going to use the word “healthy.” I think the number was 20–30% of those 6,000–7,000 people we surveyed said, yeah, you know, I’m healthy; I want to have less sugar, I want to eat more fiber, I want to have more protein.
But a chunk of them—60–70%—identified themselves as wanting to be conscious. That’s how we got obsessed with this term “conscious consumers.” What does “conscious” mean? It means I just want to know what is inside what I eat. Then I will decide.
A good rating can actually make bad food seem healthy
It seems logical that a star-rating system would make food choices clearer. More stars means healthier food, right? Not necessarily. The panel discussed the real-world example of Australia’s Health Star Rating (HSR) system, where the implementation had a surprising and counterproductive outcome. Instead of helping consumers differentiate, it created a “health halo”, where even ultra-processed, unhealthy foods could get a respectable rating, tricking consumers into thinking they were making a good choice.
Praveen: 73% of ultra-processed food on supermarket shelves displayed ratings of 2.5 stars or higher. Effectively, said Lawrence, who studied the star rating implementation, the ratings failed to convey anything of value to the consumer. The HSR created a health halo effect, which is the perception that a particular food is good for you even when there is little or no evidence to back this.
Change doesn’t come from reaching everyone, but from empowering the right people
The idea of educating 100 million consumers seems daunting. However, Arjun explained that the strategy isn’t about reaching every single person directly. It’s about influencing the key nodes in the network—the health professionals, the marketplaces, and that one “health-conscious” friend everyone turns to for advice.
Arjun Anjaria: You typically have one health-conscious individual in your group, right? Let’s say Rohin is that person for you. You may not become a user of Unbox Health’s ratings, but Rohin actively checks so you always go to Rohin for your questions. You may not actually become a user of Unbox Health, but are we indirectly influencing your decision and enabling better quality products to thrive in the industry? That’s how we think about it.
The consumer as the solution
The conversation makes one thing clear: Indian consumer behaviour is shifting. As Rohin pointed out, we are moving from trusting brands to scrutinising ingredients. It’s no longer enough to see a familiar logo; people want to know how much protein is in their ice cream or if their snack is truly low in sodium.
This shift is where the missions of Unbox Health and Truthin converge. They are providing the tools for this new era of consumption.
As Munaf stated, the ultimate solution to this complex problem won’t come from a single company or regulator. It will come from consumers themselves, empowered with transparent and understandable information.
Munaf Kapadia: Conscious consumerism is a problem the consumer themself will solve. Unbox Health, Truthin, Natfirst—these are just tech layers… Who is most motivated to solve this problem? It’s not a regulator, it’s not a government stakeholder, it’s not a brand for obvious reasons, right? It’s not a retailer. It’s the consumer. They are the ones who have to decide how much noodles they want to eat.
Arjun agreed.
Arjun Anjaria: If you’re an ethical, high-quality brand doing the right thing, today you get lost in the noise, right? You have no way to prove that you have a high-quality product because it’s largely a marketing game… So what we’re trying to do is essentially provide a solution that obviously helps consumers make better choices, but also helps high-quality ethical brands win more of the market. Because, at the end of the day, that’s what leads to better consumption choices for the entire ecosystem, right?
The journey to better eating in India is not about dictating choices, but about democratising information.
When consumers can make a truly informed decision—whether that’s reaching for the high-protein snack or knowingly enjoying their five packets of noodles—the entire ecosystem, from brands to retailers, will have no choice but to adapt.
You can tune into the full episode here.
See you next week!
Regards,
Praveen Gopal Krishnan
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