PepsiCo Names Emerging Snack Startup CHUZA as Winner of the 2023 Greenhouse Accelerator: Juntos Crecemos Edition

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PEP: CHUZA Wins $100,000 Prize in PepsiCo Greenhouse Accelerator Program - San Diego-based snack company CHUZA wins $100,000 grand prize after participating in the Juntos Crecemos edition of the PepsiCo Greenhouse Accelerator program. The program focused on supporting emerging Hispanic businesses in the food and beverage industry. CHUZA, known for its spicy fruit and vegetable offerings infused with 100% Mexican spices, will receive a $100,000 grant and resources to scale their operations. Founded by CEO Daniel Schwarz, the company was chosen as the winner for successfully expanding distribution and driving growth during the program.

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• CHUZA's win in the PepsiCo Greenhouse Accelerator program showcases its strong collaboration with PepsiCo, expanding distribution to over 500 retail locations and driving velocity growth. The $100,000 grant and resources will aid in scaling operations and growing the business, potentially leading to increased market presence and revenue generation.

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• None.

San Diego-based snack food business awarded a $100,000 grand prize after an extensive six-month mentorship program

PURCHASE, N.Y., Nov. 9, 2023 /PRNewswire/ -- PepsiCo (NASDAQ: PEP) today announced Mexican-inspired snack company, CHUZA as the winner of the eighth class of the Greenhouse Accelerator. This year marks the first-ever Juntos Crecemos (Together We Grow) edition of the PepsiCo Greenhouse Accelerator program focused on supporting emerging Hispanic businesses across the food and beverage industry.  The announcement follows a competitive judging process and six-month PepsiCo mentorship program. The San Diego-based business elevates the world of snacks through an assortment of spicy fruit and vegetable offerings, all infused with 100% Mexican spices and no artificial flavors or colors. CHUZA will receive a $100,000 grant and other resources to scale their operations and grow their business.

Founded by CEO Daniel Schwarz, CHUZA was chosen as this year's winner from ten high-potential finalists by a committee of PepsiCo leaders for successfully expanding distribution to over 500 retail locations and driving velocity growth for the company during the program, showcasing strong collaboration with PepsiCo. During the six-month accelerator program, the finalists received a $20,000 grant and personalized mentorship from R&D, Supply Chain, Design and other experts at PepsiCo to learn how to solve their direct business challenges, including brand development, go-to-market strategy and more. Visit the PepsiCo Greenhouse Accelerator: Juntos Crecemos Edition page to learn more about the ten finalists and their sustainable food and beverage business innovations.

"Selecting a winner was no easy task for the panel of judges because all ten finalists showcased strong advancements in their businesses over this six-month journey in the areas of brand development, product optimization, scaling technology, business model development, go-to-market strategy and more," said Antonio Escalona, Senior Vice President & General Manager of Hispanic Business Unit, PepsiCo Foods North America. "CHUZA's focus and commitment to elevating the snack segment, demonstrated throughout the entire process, inspires us to maintain that same entrepreneurial mindset at PepsiCo as we develop food and beverage solutions that deliver on flavor, function, health, convenience and sustainability."

"It is truly an honor to be selected as the winner of the PepsiCo Greenhouse Accelerator: Juntos Crecemos Edition from such a talented pool of participants. Over the past six months, my business has experienced substantial expansion and efficiency, all thanks to the invaluable guidance and support provided by the PepsiCo mentors," said CEO & founder Daniel Schwarz, of CHUZA. "Consumers crave authenticity and diverse snack flavors, so with the $100,000 grant, we plan to expand brand and marketing development to raise awareness of my products and continue sharing our flavors, culture and flair with the world."

The selection of the winner comes after an extensive application and review process that was launched in April, and a finalist selection process in July that included a $20,000 grant and invaluable business resources to each of the 10 finalists.

The winner was announced during a special ceremony at PepsiCo headquarters in New York to celebrate the journey of all ten finalists and their business improvements and thank the PepsiCo mentors who lent their business expertise to advance small, Hispanic-owned food and beverage companies.

"In this year's PepsiCo Greenhouse Accelerator: Juntos Crecemos Edition, we have witnessed ten exceptionally skilled Hispanic-owned businesses take innovation to the next level with PepsiCo's mentorship and business resources," said Esperanza Teasdale, Vice President & General Manager of Hispanic Business Unit, PepsiCo Beverages North America. "We congratulate CHUZA, as well as all of the participants who demonstrated true leadership in advancing the future of the food and beverage industry."

Since expanding to North America in 2018, the PepsiCo Greenhouse Accelerator has evolved to assist innovators and entrepreneurs in addressing consumer needs. This year marks the eighth class of the program, and its fundamental goal remains the same: to foster the growth of entrepreneurs. Through its partnership with PepsiCo Juntos Crecemos, a multifaceted platform designed to provide critical resources to Hispanic-owned small businesses, the PepsiCo Greenhouse Accelerator expanded its support to a different entrepreneurial segment, while contributing to stronger, more equitable communities.

For more information on PepsiCo Greenhouse Accelerator Program: Juntos Crecemos Edition, finalists, and winner, please visit https://greenhouseaccelerator.com/juntos-crecemos/. To learn more about CHUZA, please visit https://chuza.com/ and follow @chuzasnacks on all social channels.

About PepsiCo
PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $86 billion in net revenue in 2022, driven by a complimentary beverage and convenient foods portfolio that includes Lay's, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker, and SodaStream. PepsiCo's product portfolio includes a wide range of enjoyable foods and beverages, including many iconic brands that generate more than $1 billion each in estimated annual retail sales.

Guiding PepsiCo is our vision to Be the Global Leader in Beverages and Convenient Foods by Winning with pep+ (PepsiCo Positive). pep+ is our strategic end-to-end transformation that puts sustainability and human capital at the center of how we will create value and growth by operating within planetary boundaries and inspiring positive change for the planet and people. For more information, visit www.pepsico.com, and follow on Twitter, Instagram, Facebook, and LinkedIn @PepsiCo.

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SOURCE PepsiCo, Inc.

FAQ

What is the name of the company that won the $100,000 grand prize in the PepsiCo Greenhouse Accelerator program?

The company that won the $100,000 grand prize is CHUZA.

What is the focus of the Juntos Crecemos edition of the PepsiCo Greenhouse Accelerator program?

The Juntos Crecemos edition of the PepsiCo Greenhouse Accelerator program focuses on supporting emerging Hispanic businesses in the food and beverage industry.

Who is the CEO of CHUZA?

The CEO of CHUZA is Daniel Schwarz.

What kind of products does CHUZA offer?

CHUZA offers spicy fruit and vegetable offerings infused with 100% Mexican spices, with no artificial flavors or colors.

What resources will CHUZA receive as the winner of the program?

CHUZA will receive a $100,000 grant and other resources to scale their operations and grow their business.