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Impresario eyes aggressive growth: Plans to add 10-15 ‘Social’ outlets annually, targets tier-2 cities
Impresario Entertainment and Hospitality, the company behind the restaurant chain 'Social', is aiming to establish 10 to 15 new brand outlets annually, particularly targeting...
Rakesh Kapoor’s 12 Flags Group invests in Blue Tokai Coffee Roasters as Indian cafe market surges
12 Flags Group, the consumer fund led by Rakesh Kapoor, former global chief of Reckitt Benckiser, has announced its first investment in the specialty...
Bakingo plans INR 40 Crore investment for expansion, targets omnichannel growth and INR 1,000 Crore national brand status in 5 years
Bakingo, an online bakery, is planning to invest INR 40 crore to expand its production capacity along with going omnichannel, according to Himanshu Chawla,...
Ace investor Ashish Kacholia acquires 17.2% stake in Indian burger chain Jumboking
Renowned investor Ashish Kacholia has acquired a 17.2% stake in the Indian burger chain Jumboking for an undisclosed sum, making him the company's second-largest...
Pricey cocoa, coffee, palm oil, and sugar spike dining costs: Restaurant bills set to increase by 5-8%
Dining out and delivery services are becoming more expensive, as are chocolates. Bills at fast-food joints and upscale restaurants could see a 5-8% increase...
Premiumization trend boosting growth in food chains like KFC, McDonald’s, and Popeyes: ICICI Securities Report
As competition grows fiercer and consumers dine out more frequently, the trend towards premiumizing food items is fueling the expansion of food chains.An ICICI...
Third Wave Coffee appoints former KFC CEO Rajat Luthra as new chief, Sushant Goel transitions to board role
Third Wave Coffee, a Bengaluru-based coffee QSR chain, has appointed Rajat Luthra, the former CEO of KFC India and Nepal, as its new CEO.The...
Retail sales show modest 5% increase in February 2024: RAI Survey
According to a survey conducted by the Retailers Association of India (RAI), retail sales in February 2024 saw a modest 5% increase compared to...
HyFun Foods to invest INR 850 Crore in Gujarat for three new plants, aims for INR 5,000 Crore revenue by 2028
HyFun Foods, a producer of frozen potato products, has announced plans to invest approximately INR 850 crore in establishing three new plants in Gujarat....
Swizzle secures seed funding to fuel expansion and disrupt Indian beverage industry
Swizzle, the trailblazing Made-in-India mocktail provider, has secured an undisclosed sum in seed funding from a consortium of angel investors, spearheaded by current investor...
Burger Singh’s website hacked by Pakistani hackers, leaving digital graffiti behind
Burger Singh, a Gurugram-based restaurant chain, reported that its website was hacked on Tuesday by Pakistani hackers.The company stated on X, formerly known as...
Food delivery app surge leaves QSRs struggling with revenue and margins amidst fragmented sales: BNP Paribas Report
With the exponential surge of food delivery apps like Zomato and Swiggy, quick service restaurant operators are grappling with significant challenges, as outlined in...