The company also recently launched Bistro, a 10-minute food delivery platform competing with Swiggy’s Snacc and Zepto Cafe.
As per the sources, the PE player has 60 days to make a legally binding bid for Theobroma Foods and 30 days to settle the conditions with Bloombay…
Tilaknagar Industries also retains an option to invest further or acquire more shares in Bartisans based on a pre-determined valuation model, should…
The firm is making the investment to pick up 50% stake in Sierra Nevada Restaurants and Dolomite Restaurants.
The Minister stated that in recent years India and the US have strengthened their relations.
Ctrip is in talks to invest around $100 million in online restaurant discovery and food-delivery platform Zomato.
South African media giant Naspers is planning to invest $12-15 million in HungerBox.
West Bengal is the third largest market for the company in the country
Eat.fit currently operates across 15 kitchens in 2 cities and has served over 1.5 million users to date.
The round has also seen participation from existing investors, including Accel Partners and Zephyr Peacock.
Fireside Ventures led the round with participation from Mohandas Pai’s 3One4 Capital, Madhu Kela and GITS Foods.
When it comes to market sales, India is about to overtake China as Amphora’s biggest market outside the UK.
This move will help the company to retain a presence in the Indian market.
Standards for alcoholic beverages will come into force from April 1, 2019 to coincide with financial year requirements of excise laws.
It has also formed a JV with a Canadian Research company -- D J Hendrick -- to offer high yielding non-GM soya seed varieties to Indian Farmers.
Over the past couple of decades, locally grown wines have gained immense popularity.
Today, the group is focusing on packaged food division, and is targeting revenue of Rs 150 crore by the end of 2016.
Based on the concept of virtual QSR, the offline mode of TravelKhana app is devised to ensure that a transaction is completed within 30 seconds.
Discovery said this move will help grow its audience share and strengthen its existing portfolio of female and lifestyle brands, which includes TLC and ID.
The company which is owned by Kabir Suri and Rahul Khanna has raised a series A round of funding last year to expand its business in Delh-NCR.
He was the Chief Sales Officer of the Company before being promoted as President. Singh has assumed his current position effective April, 2016.
However, the transaction is not subject to a financing condition and is expected to close in the third quarter, subject to customary closing conditions, including receipt of regulatory and shareholder approvals.
HSBC’s estimate that Zomato is significantly overvalued comes amid increased scrutiny by investors of unicorns, or private companies that are valued more than $1 billion.
Total revenues stood at Rs 856.83 crore for the recently-concluded fiscal as against Rs 764.33 crore in 2014-15.
Copyright © 2009 - 2025 Restaurant India.