restaurants | Pixr8 News

Startup IdeaChakki Raises Funds From Ratan Tata

12Sep By NitishNo Comments

FUNDING

Startup IdeaChakki Raises Funds From Ratan Tata

Food tech startup IdeaChakki has raised an undisclosed amount of funding from leading industrialist Ratan Tata. The city-based startup, which provides digital video menu for restaurants and allows customers to gift food and beverage experience across the world, has also partnered with investment bank Enablers for their next round of funding. The funds raised from Tata will primarily be used for expansion into new geography, along with building the in-house team and strengthening the technology, IdeaChakki said in a statement. The Chairman Emeritus of Tata Sons has been actively investing in startups in India and abroad. Some of these firms include Snapdeal, Kaaryah, Urban Ladder, Bluestone, CarDekho, Sabse Technologies, Xiaomi, Ola, DogSpot.in, Tracxn, CashKaro, FirstCry and Teabo...

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...

In India, Use Pocketin For Selecting Restaurants And Request For a Particular Discounts

Why should we just settle for the discounts that the restaurants offer us? Why can’t we demand the discount we think we deserve for the business that we give the restaurants? With this question in mind, the idea of Pocketin was born. In the world of fixed discounts in restaurants, the founders of Pocketin wanted to create a more dynamic ecosystem, where the diners would have a much better deal if they would be visiting on weekday mornings compared to weekends or if they are spending a higher amount. Being big time foodies themselves, Kshitij and Anirudh, two engineering graduates started working on Pocketin, an app where a user can select his favorite restaurants and request for a particular discount from each one of them. The request then instantly shows up on the respective restaur...