The PE space in India is changing, more and more food businessmen are asking very tough questions to investors' particularly good entrepreneur and good businesses have multiple revenues to raise funds.
Considering the broader concepts - QSRs (quick-service restaurants, casual dining and fine-dining restaurants), here are the details of the cost of building the business in Indian metro cities, especially.
In an exclusive interview with Restaurant India, AD Singh, Managing Director at Olive Bar And Kitchen Pvt Ltd. says, "For the first couple of restaurants, take a franchise and run it. See how a business works. It is very important."
The NRAI India Food Services Report 2019 estimates market size of Indian food service industry at INR 4,23,865 crore in 2018-19 which is expected to grow at a CAGR of 9% to reach INR 5,99,782 crore by 2022-23.