However, international fast-food chains have had to change this business model completely, to adapt to Indian preferences.
Jumbo King is profitable from the beginning and is growing upwards of 35 per cent annually.
Hectic fundraising through IPOs will continue next week, with three firms -- One97 Communications, owner of Paytm; Sapphire Foods India, which operates KFC and Pizza Hut outlets; and Latent View Analytics -- are set to launch their initial share-sales to collectively mop up about Rs 21,000 crore. This comes after five companies successfully concluded their public offerings (IPOs) this week. Those five firms are - FSN E-Commerce Ventures, which runs online marketplace for beauty and wellness products Nykaa; Fino Payments Bank; Policybazaar parent entity PB Fintech; decorative aesthetics supplier SJS Enterprises; and microcrystalline cellulose maker Sigachi Industries.
Want to beat the heat while your vehicle gets refueled! After convenience stores, ATMs, Internet cafes and grocery stores, ice cream parlours are the latest addition to the petrol stations.\n\n\n\n
Next week, Coffee World, a gourmet coffee chain launched by Global Franchise Architects (the promoter of Pizza Corner India) in Thailand, will open its first outlet in Bangalore.
After MacDonald's and Pizza Hut it is the turn of US-based restaurant chain 'Hooters of America' to open outlets in major Indian cities.
Italy may be the home of premium buffalo mozzarella cheese, but India could soon give the country a run for its money in this regard. India's largest dairy cooperative, Amul, has submitted a plan to the government, aiming to turn the country into a global hub for the export of mozzarella cheese made from buffalo milk, which is sold at a hefty premium around the world. Mozzarella cheese is one of the products identified by the government for support under its Rs 10,900 crore production-linked incentive scheme (PLI), to give a massive push to food processing exports as well as to build Indian food brands.
PepsiCo has tie-ups with KFC, Pizza Hut, Domino's, Burger King, and Subway in India, while Coca-Cola has a partnership with McDonald's only
Mumbai's Charcoal Eats is giving biryani a fast food makeover. Charcoal Eats has recently raised Rs 50 million in pre-series A funding, taking its total capital raised in 30 months to Rs 120 million.
From fast food and athleisure to ACs, the demand for several non-discretionary items has spiked since May 17, when Lockdown 4.0 was extended till May 31.
It is not easy for an FMCG brand to make a comeback if it has been out of consumer's reckoning for some time. Moreover, a protracted battle between the owners and then closure of a large number of outlets at one go might have sent some very negative signals to many, says Sneha Bhattacharjee.
After a month long gap, the primary market is heading for a busy time, with five firms including Paytm parent One97 Communications and policybazaar parent PB Fintech have lined up their IPOs in the first half of November to raise over Rs 27,000 crore collectively. The other three firms whose initial share-sales are set to open are Sapphire Foods India, which operates KFC and Pizza Hut outlets, decorative aesthetics supplier SJS Enterprises and microcrystalline cellulose manufacturer Sigachi Industries. The IPOs of FSN E-Commerce Ventures Ltd, which runs online marketplace for beauty and wellness products Nykaa, and Fino Payments Bank are currently open for public subscription.
Several industry verticals such as food and beverage, education, fashion and tourism are leveraging their growth by franchising their products under various formats.
Mini Ribeiro tells us where to go salad hopping.
The new-age tech-savvy buyer is seeking new shopping experiences. They need to be engaged. Indian retailers are still playing catch up with these customers.
Burger King's entry is expected to heat up the burger chain market in India, dominated by McDonald's.
He has drawn fresh strategies to take his businesses to the next level.
Presenting the best street foods across the world.
Nearly 84 per cent of the commonly available bread forms contain cancer-causing chemicals.
Here's your weekly digest of the most weird, true and funny news from the across the globe.
Govt doesn't buy restaurants' input tax excuse and has swing into action and looking into profiteering complaints on social media against prominent restaurant and franchise chains.
Bharti Retail launched its first mall, The Pavilion, in Ludhiana.
Chef Aditi Handa, who is deeply invested in baking, makes the most delicious sourdough.
Girgaum, once a thriving neighbourhood of Maharashtrians in south Mumbai, who loved their seafood and meat, has slowly been taken over by vegetarians, forcing eateries serving non-vegetarian food to shut down, says Neeta Kolhatkar
The renovations at the old hotels will be complete in two and a half years and tariffs will range between Rs 2,500 and Rs 4,000
Come May, the Deltin Royale, which boasts of the country's largest poker room, will play host to India's first Poker Sports League.
Shaadi ke side effects and how you can avoid them
Using apps allows AdNear to optimise the number of ad impressions but the push towards stricter privacy norms could pose a challenge.
Chefs in Mumbai are unleashing their creativity to woo gourmets with global vegetarian fare. Mini Ribeiro picks her 10 favourite restaurants.
Their pics will send you into a food coma!
Cash-&-carry chains claim of the products they sell 85-90% is local.
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