Food | Pixr8 News

1Jun By AdityaNo Comments

FUNDING

Delhi Based Startup Tpot Raises Seed Funding

New Delhi-based food-tech startup Tpot has raised undisclosed amount in seed funding from Ashish Gupta, Founder & Trustee of Ashoka University and Co-founder of Evalueserve. Using this fund, Tpot plans to expand its presence by taking its outlet count from 20 to over 50 by the end of the year. Also, the fund will be used in channelising the team expansion and on the ideation of introducing innovative products involving tea. “Our team has built a strong foundation in Delhi/NCR region. Having gained a good traction in Chai-Nashta segment of consumers here, we are confident to establish our brand presence in the other markets too,” said Robin Jha, Co-founder, and CEO of Tpot. The company is currently generating revenue of INR 6 crores and is targeting to reach INR 12 crores by the yea...

Why Restaurant Goers Need Voolsy to Change Their Dining Out Experience

19Apr By NitishNo Comments

Story

Why Restaurant Goers Need Voolsy to Change Their Dining Out Experience

Smit Nebhwani and Amrish Patel, both lovers of good food, always faced some problem or the other when they went dining out with their family or friends. Problems, which we take for granted, but they wouldn’t. Most of the times, eating out doesn’t turn out to be a memorable experience the way it should turn out to be. Many times it happens that waiters are too busy in a rush hour and don’t have time to attend us, and we have to wait till the waiter makes an appearance to take our order. The problems don’t end here. Sometimes, there are no enough menus for all on the table or sometimes we don’t have a clue what a particular dish looks like or the quantity being served. Worst of all, even the waiters have no clue how to answer such questions and are have not been prepared to interact with ...

A Coolie Son Launched Unmanned Shop, Where You Can Purchased Product & Pay Later

11Apr By NitishNo Comments

Story

A Coolie Son Launched Unmanned Shop, Where You Can Purchased Product & Pay Later

Company ID FRESH FOOD (INDIA) PVT. LTD. Value Proposition High-quality, 100% natural, fresh,ready-to-cook food Revenue Rs 100 Crores Funding Rs 3 crores (approx. $450,000) from Sequoia in 2013 Rs 35 crores (approx. $5.2 million) from Helion Ventures Team Size 800 Customer Base Sells products in 8 cities across two countries Growth 10X every four years; More than 60% growth in 2015 Founder and CEO Musthafa PC iD Fresh Food, the ready-to-eat food company founded by IIM-B al...

First Indian Unicorn Startup is Going to Be Profitable in 2016

8Feb By reutersNo Comments

News

First Indian Unicorn Startup is Going to Be Profitable in 2016

Indian restaurant search and food delivery service Zomato, one of only a handful of Indian start-ups to succeed abroad, said on Monday. It had broken even in key markets including India and is on track to make a profit as early as June next year. The result comes as Zomato seeks $200 million in funding, a source close to the group said, in an increasingly tough environment for start-ups. Zomato, which makes money through advertising and its delivery service, said it had hit operational break-even in India, the UAE, Indonesia and three other markets in the Middle East and Southeast Asia. Together, they account for the three-fourths of the company's revenue, co-founder and chief executive Deepinder Goyal told Reuters. "The fundamental model of our business is that in mature markets we...

7Jan By NitishNo Comments

News

Exclusive: Grocery Delivery Service Localbanya Shuts down website

Seems 2015 crisis in startup world will continue in 2016. The latest victim of this crisis is Localbanya.com a grocery delivery services, taken down their website. Localbanya has raised 20 million in funding and setup offices in Mumbai, Delhi, Noida and Gurgaon. Recently most companies operating in Grocery sectors started laying off employees including prominent names like Grofers, Peppertap.

The real reason why 500 people lost their job at FoodPanda

5Jan By No Comments

BLOGS

The real reason why 500 people lost their job at FoodPanda

After Zomato and TinyOwl, FoodPanda India has announced that it is laying off over 500 employees - What's going wrong here? FoodPanda is a known name in the Indian food ordering business - presence in all top cities and most restaurants seem to be covered by them - they announced lay off's today and the unofficial number of people fired stands around 500. So what exactly is going wrong here? Is there something wrong in the food delivery business model in India (given the recent lay off's at TinyOwl and Zomato)? Or is this is bigger phenomenon of the start-up ecosystem itself? Let's look a bit deeper into this issue. Why suddenly grow from 180 people to 1,200 in 10 months and then fire 500 people? According to to official statement of FoodPanda, they rapidly grew from 180 people in Febru...

12Dec By PriyankaNo Comments

News

Uber Expands Its UberEATS App

Uber announced on Wednesday that it’s delving further info into food delivery with its new UberEATS app, separating its food delivery from its ride-sharing service. The original UberEATS launched in Los Angeles last year, and has since moved into Toronto, New York City, Austin, Chicago, and Barcelona. It promised delivery in 10 minutes or less, but only operated during certain hours, which vary in the different locations, with a selection limited to just a couple of options. The UberEATS app, currently only available in Toronto, offers longer hours and a much wider selection. It will be available every day from 10 a.m. to 10 p.m. and customers can view full menus from over 100 restaurants. It will also offer an Instant Delivery menu during lunch hours for a quicker option that sh...

Assocham Report: India’s QSR market may reach Rs 25K crore in next 5 years

26Oct By AdityaNo Comments

News

Assocham Report: India’s QSR market may reach Rs 25K crore in next 5 years

The quick service restaurants (QSR) sector in India is currently growing at a compounded annual growth rate (CAGR) of 25 percent and is likely to touch Rs 25,000 crore mark by 2020 from the current level of Rs 8,500, according to an analysis by apex industry body "Entry of various national and international players in the QSR space has significantly widened the chain market due to fast-expanding middle class, urbanization, youth spending, nuclear families and better logistics," according to the sector-specific analysis conducted by The Associated Chambers of Commerce and Industry of India (ASSOCHAM). "About 50 percent of India's population eats out at least once in every three months and eight times in every month in bustling metros as compared to the US (14 times), Bra...

Zomato entering into online food business

20Aug By No Comments

News

Zomato entering into online food business

The next food order that you place from your favorite restaurant online might be delivered to your doorstep by Zomato itself. The Gurgaon-based company is planning to foray into last-mile delivery business. The company is in the process of finalizing its strategy for the same and is considering multiple op ions for introducing last-mile delivery options to its users in he coming months. "We are working on it and we may do it via an acquisition or partnership. Also, we might end up doing it on our own," Deepinder Goyal, founder and CEO of Zomato, told TOI. Goyal-led company is known for being a leading restaurant review platform in the country and it recently entered into online food-ordering business as the review space is getting crowded with multiple players, who have managed t...