Mauritius-born business/finance professional Veer Ramlugon
Mauritius-born business/finance professional Veer Ramlugon

Counting the calories via WhatsApp



The Food Analysts is "a human-powered calorie counting service", through which health conscious users connect to nutrition expertise via WhatsApp, learning whether meals fit their dietary aspirations. Mauritius-born finance professional Veer Ramlugon, 34, explains why he founded the subscription-based service.

How did The Food Analysts come about?

I’m more often than not working late, travelling, eating out, and don’t always have time or resources to monitor my calorie intake myself. I’ve always been an avid fitness and healthy lifestyle advocate, maintained a relatively healthy lifestyle: gym regularly, trying to eat healthy. My personal trainer urged me to monitor the food I was eating, but it felt like a tedious task, and one I kept forgetting because I was always on the go. Logging food consumption every day, and breaking down restaurant meals into its macronutrients (carbohydrates, fats, protein) became too much. I’ve used many food monitoring and tracking mobile apps, but they lacked a key element – convenience.

How does it work?

The Food Analysts acts as your personal food coach. Trained health professionals help subscribers keep track of daily diet and calorie intake, doing it on their behalf. It works purely with WhatsApp, 24/7. Part of the sign-up process is providing specifics such as weight, height, amount of physical activity, and your goal – such as weight loss, muscle building. This allows the team to advise how many calories you should be consuming each day, and how much of each macronutrient. Take a picture of any food, drink or meal you consume, and send along with a short description. Within minutes you'll receive a response that includes a breakdown of that food – its level of protein, fats, carbs – as well as calories consumed, remaining for the day, percentages of daily allowances. This will help you decide your next meal. At the end of the day, a full report is shared with each person.

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So it is aimed at time-challenged people trying to eat well?

This service is perfect for people who want to know what they are consuming/should be consuming, on a daily basis and what they need in order to meet their nutrition and fitness goals. I effectively wanted to outsource this task to a dedicated team, with the aim of encouraging people to lead a healthy lifestyle in the most convenient way.

How did you go about setting it up?

I funded the business. It was a project I was passionate about and I knew there was a gap in the market. My work experience and financial background enabled me to plan properly and make good business decisions. It took about six months from scratch. I started by creating different holding companies and getting the necessary legal licenses. Next was acquiring nutrition data, which had to be done very precisely as this is the core of The Food Analysts. All nutrition data has been verified. Once done, I focused on recruiting the right people; the company had to be global and operational 24/7. Training took another two months before we officially launched in May this year. My team is made up of members with vast experience and training in food including nutritionists.

What type of people sign up?

Our target market includes people all over the world who lead very busy lifestyles. This can include business people who travel frequently and often dine in restaurants or hotels, or parents who work and take care of their children. These individuals do not have the time, nor the resources, to accurately and effectively monitor calorie and macronutrient intake on a daily basis. The majority of members are from the Middle East and India.

So the team is global?

I am based in Dubai, where the headquarters are, but the service is available anywhere. We have members of the team in locations including the UAE, UK and Mumbai, connected via our proprietary internal communication channels – including telephone and WhatsApp. Given the 24/7 nature of the service, a smooth handover of clients between time zones is crucial.

What has been the public reaction?

The service has been extremely well received. We have had to increase our staff and contractors by 35 per cent over the last two months. We currently have 2,500 subscribers, growing every day. Many are shocked at results they get. Many foods they consume are generally perceived as ‘healthy’, but are actually laced with calories. This was another big factor when developing the service, as many do not know how food is made up in terms of macronutrients and calories. They also don’t know how to correctly monitor daily calorie intake; our aim is to educate them. We often give tips on foods which are healthier or fit their macros better, depending on individual goals.

Are there plans to grow and diversify the business?

We're already looking ahead to how we can expand our service and offer even more. We intend to roll out more analytics, which will help customers identify the strengths and weaknesses of their eating habits. While we already have customers in a number of countries - UAE, UK, India, USA, for example - we want to reach more people in countries all over the world. The vision is to be a catalyst for nutritional help on a global scale.

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
The specs
Engine: 4.0-litre flat-six
Power: 510hp at 9,000rpm
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
Price: From Dh801,800
The specs

Engine: 3-litre twin-turbo V6

Power: 400hp

Torque: 475Nm

Transmission: 9-speed automatic

Price: From Dh215,900

On sale: Now

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

LIVING IN...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

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The specs

AT4 Ultimate, as tested

Engine: 6.2-litre V8

Power: 420hp

Torque: 623Nm

Transmission: 10-speed automatic

Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)

On sale: Now

The specs

Engine: Four electric motors, one at each wheel

Power: 579hp

Torque: 859Nm

Transmission: Single-speed automatic

Price: From Dh825,900

On sale: Now

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Mia Man’s tips for fermentation

- Start with a simple recipe such as yogurt or sauerkraut

- Keep your hands and kitchen tools clean. Sanitize knives, cutting boards, tongs and storage jars with boiling water before you start.

- Mold is bad: the colour pink is a sign of mold. If yogurt turns pink as it ferments, you need to discard it and start again. For kraut, if you remove the top leaves and see any sign of mold, you should discard the batch.

- Always use clean, closed, airtight lids and containers such as mason jars when fermenting yogurt and kraut. Keep the lid closed to prevent insects and contaminants from getting in.