- March 1, 2019 / 2 min readFounded a year ago, the firm aims to expand its footprint beyond the borders of Kerala.
Kochi-based monQo, a Quick Service Restaurant (QSR) chain, is planning to expand nationwide. Founded a year ago, the firm aims to expand its footprint beyond the borders of Kerala.
Pradeep Nair, Founder and CEO, monQo, said, "This year we will be opening 50 outlets and in five years, our target is 500 outlets, across the country. Already the master franchisee had been fixed for Telangana and Andhra Pradesh."
Currently, the QSR chain has five outlets in Kochi, selling bottled milkshakes and fusion foods. It is growing at a rate of 20% quarter-on-quarter.
"In our case, it is a chain of quick service restaurants, and apart from the milk shake, we will be providing the Continental and Mediterranean dishes. So far, we have around 110 leads sitting in front of us, searching for a conversion. Most probably, we will be closing in West Bengal, Maharashtra and Tamil Nadu. We have already taken Karnataka," Nair added.
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