8 Food Startups in India that Made Investors Slurp!
Bangalore: Indians are foodies! And it is not surprising that the food fever is hitting the entrepreneurial world. Be it with a non-Indian cuisine, a region specific dish, or even a beverage, entrepreneurs have made efforts to build a national QSR chain. Not only new food chains are coming up but are attracting the interests of investors too who are positive about the future of Quick Service Restaurant (QSR) sector. QSR is definitely one of the most exciting sectors in the Indian consumer market.
VC firms have realised the fact that the food business is generally focused on a single product, and has a supply chain that can be scaled up. It is also light on asset, with modest real estate requirements. For takeaway and delivery, real estate costs are about 10 to 12 per cent of sales - lower than the 15 to 20 per cent for outlets that offer seating and ambience. The Indian F&B business is worth Rs 33,000 crore and is growing at 25 percent per annum.
Even established companies like Reliance and Amul are looking forward to take a piece of the pie with plans to start their own Quick Service Restaurants. Let us have a look at the startups which have taken Indian food a long way from the kerbside shed and are redefining the way Indians eat:
8. Mast Kalandar
Founded by Gaurav Jain and Pallavi Gupta in 2005
Mast Kalandar holds freshness of ingredients, speedy service, reasonable cost and cleanliness of the premises central to its proposition.
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