Hyderabad based Built2Cook is the brainchild of Altaf Saiyed who started this platform four months ago. Talking to Restaurant India, he shares about the group's entry into Mumbai and future expansion plans.
These culinary ventures, however, face substantial hurdles. They not only have to compete with local food stands, but also have to battle licence logjams.
It's not that a brand is popular and it should franchise, when the brand has set systems and the procedures and at the same time it can train the people well, is where it can think about taking the short cut route to expansion.
Started in 2013 with initial investment of about Rs 3 lakhs, Dumpling Momo is today doing a sale of Rs 8000-9000 from single outlet. Mohit Kumar Bhati, Co-founder at Dumpling Momo shares about the reasons for its growth.
The Indian franchise industry is expected to grow 30 per cent annually. The figures of total franchising industry is believed to have reached $ 24bn and focused to touch the $ 35bn mark in 2020.
With over 500 + Restaurateurs in Presence and 100 + Restaurant industry Leaders and Chefs speaking at the congress, it was the biggest ever Restaurant show held in the country.
Hence, we could see that Indian food industry with lots of potential and trends on the way is looking towards disruption of the food business scenario in India seeking exciting opportunity both from shareholders and the investors.
The group is investing around 1.25-2 crore in each of the cafe targeting at locations which will give them 3000-4000 sqft presence focusing on high street rather than going for a mall.
In April 2015, over eight food companies raised funds and about two mergers and acquisitions took place. The total fund raised by food players' amounted to over $155 million.