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Good Drop Wine Cellars adds new Frizzano Sparkling Wine for special occasions

By
Ashutosh Dubey
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0
food & beverage, retail, luxury,
Good Drop Wine Cellars adds new Frizzano Sparkling Wine for special occasions

Good Drop Wine Cellars, a major stakeholder in India’s sparkling wine scene, has launched new products—Frizzano Sparkling Wine Brut and Brut Rosé from Nashik’s Vinchur region. They also introduced the Frizzano Sparkling Wine Brut Jeroboam, India’s first of its kind, designed for special occasions with its larger size.

CEO Ashwin Rodrigues announces new Frizzano Wine Brut

According to Indian Retailer.com, Ashwin Rodrigues, Founder and Winemaker at Good Drop Wine Cellars, released a statement, saying, “With Frizzano Sparkling Wine Brut, we aim to bring a festive spirit to every celebration. This wine is not just a drink; it’s an experience that enhances the joy of life and parties, making every occasion memorable. We envision Frizzano Sparkling Wine Brut as the perfect companion for toasting to life’s special moments, surrounded by friends and loved ones.”

Continue͏͏ Exploring:͏͏ KFC strengthens ‘Kshamata’ programme, focuses on increasing representation of women and SHI employees

In the new addition, Frizzano Sparkling Wine Brut has crisp citrus and green apple notes, making it great for events like rooftop parties or intimate dinners. The Brut Rosé has ripe berry flavours with floral hints, perfect for both casual and formal celebrations.

Good Drop Wine Cellars new 3-litre Jeroboam bottle

One of its special features is the 3-litre Jeroboam bottle. This wine is perfect for weddings and VIP parties where presentation matters. A large bottle and an impressive look give an event grandeur, creating a visual centrepiece for the scene.

With modern winemaking methods, Frizzano’s new sparkling wines mix traditional Indian flavours. This fits their plan to grow in India’s nightlife and event scenes.

Continue͏͏ Exploring: ProV Foods aims for 40% growth, targets bigger share of India’s organized dry fruit market

Founded in 2009 by Ashwin Rodrigues, who trained in Australia’s Barossa Valley. Good Drop Wine Cellars is located in Vinchur Wine Park, Nashik, it has a 50,000 sq ft facility with a tank capacity of 2.1 million litres. Their brands include Casablanca (sparkling wines), Good Earth (still wines), and Rio (fizzy wine coolers).

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Zepto sells more than 1 Lakh Dandiya sticks during Navratri festivities

By
Ashutosh Dubey
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0
Retail ,Food & Beverage, FMCG, Retail Market, Retail Sector
Zepto moves more than 1 Lakh Dandiya sticks during Navratri festivities

Zepto co-founder and CEO Aadit Palicha announced on Linkedln that the platform sold over 100,000 dandiya sticks during the Navratri season.

Zepto CEO Aadit announces on LinkedIn

Aadit took to Linkedln to share her happiness, wrote, “What a day! Closing out Navratri 2024 with a grateful heart, seeing the beauty of India’s diversity through our users, sellers, brands, and every Zeptonian, who made it all happen. From essentials to festive picks, thank you for making us part of India’s celebrations across nine incredible days.”

Continue͏͏ Exploring:͏͏ KFC strengthens ‘Kshamata’ programme, focuses on increasing representation of women and SHI employees

Furthermore, he shared through graphics that the Mumbai-based firm sold over 100,000 dandiya sticks this season. He also mentioned that sales of fasting-friendly chips, Kattu, and Rajgira atta increased a lot compared to last year’s Navratri.

Ayudh Puja, Garba event and many: Zepto celebrates Navratri

Aadit goes further explaining how Zepto’s dark stores celebrated Navratri across the country. In Coimbatore, Kochi, Chennai, and Bengaluru, they celebrated Ayudha Puja, honouring tools and equipment. The Bhawanipore store in Kolkata celebrated Durga Ashtami, and the Gota store in Ahmedabad hosted a lively Garba event.

Continue͏͏ Exploring:͏͏ ProV Foods aims for 40% growth, targets bigger share of India’s organized dry fruit market

Established in 2021 by Stanford dropouts Aadit Palicha and Kaivalya Vohra, Zepto is India’s fastest-growing e-grocery company. It’s valued at $900 million after raising $200 million in Series-D funding from top global investors like Y Combinator Continuity, Kaiser Permanente, Nexus Venture Partners, Glade Brook Capital, and Lachy Groom.

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KFC strengthens ‘Kshamata’ programme, focuses on increasing representation of women and SHI employees

By
M Haziq Pandit
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0
KFC

Fast food chain KFC is making strides to enhance its ‘Kshamata’ programme, which has focused on promoting diversity and inclusivity since 2008. In͏͏ recognition͏͏ of͏͏ this͏͏ year’s͏͏ International͏͏ Day͏͏ of͏͏ Sign͏͏ Languages,͏͏ KFC͏͏ will͏͏ train͏͏ all͏͏ 17,000͏͏ employees͏͏ in͏͏ sign͏͏ language.͏͏ The͏͏ initiative͏͏ is͏͏ expected͏͏ to͏͏ be͏͏ completed͏͏ by͏͏ the͏͏ end͏͏ of͏͏ the͏͏ year,͏͏ ensuring͏͏ that͏͏ the͏͏ KFC͏͏ environment͏͏ is͏͏ fully͏͏ accessible͏͏ to͏͏ the͏͏ Speech͏͏ and͏͏ Hearing͏͏ Impaired͏͏ (SHI)͏͏ community.

Discussing͏͏ the͏͏ programme͏͏ and͏͏ its͏͏ goals,͏͏ Moksh͏͏ Chopra,͏͏ General͏͏ Manager͏͏ for͏͏ India͏͏ and͏͏ partner͏͏ countries͏͏ (Bangladesh,͏͏ Maldives,͏͏ and͏͏ Sri͏͏ Lanka),͏͏ stated͏͏ that͏͏ promoting͏͏ diversity͏͏ and͏͏ inclusivity͏͏ is͏͏ a͏͏ global͏͏ mission͏͏ for͏͏ KFC.͏͏ He͏͏ highlighted͏͏ that͏͏ ‘Kshamata’͏͏ aims͏͏ to͏͏ prepare͏͏ the͏͏ KFC͏͏ ecosystem͏͏ to͏͏ embrace͏͏ individuals͏͏ with͏͏ speech͏͏ and͏͏ hearing͏͏ disabilities.

Doubling͏͏ Employment͏͏ for͏͏ the͏͏ SHI Community:

KFC͏͏ currently͏͏ employs͏͏ 200͏͏ individuals͏͏ from͏͏ the͏͏ SHI͏͏ community͏͏ across͏͏ 54͏͏ outlets͏͏ in͏͏ the͏͏ country.͏͏ Chopra͏͏ mentioned͏͏ that͏͏ the͏͏ goal͏͏ is͏͏ to͏͏ double͏͏ this͏͏ number͏͏ by͏͏ 2026.

Continue͏͏ Exploring:͏͏ KFC India͏͏ unveils͏͏ special͏͏ buckets͏͏ to͏͏ celebrate͏͏ International͏͏ Day͏͏ of͏͏ Sign͏͏ Languages

Prioritising͏͏ Gender͏͏ Diversity:

Chopra͏͏ stated͏͏ that͏͏ increasing͏͏ the͏͏ representation͏͏ of͏͏ women͏͏ employees͏͏ and͏͏ individuals͏͏ from͏͏ the͏͏ SHI͏͏ community͏͏ within͏͏ the͏͏ KFC͏͏ system͏͏ is͏͏ a͏͏ key͏͏ priority͏͏ for͏͏ the͏͏ company.

While͏͏ KFC͏͏ boasts͏͏ a͏͏ strong͏͏ representation͏͏ of͏͏ women͏͏ in͏͏ its͏͏ workforce͏͏ at͏͏ nearly͏͏ 36%,͏͏ compared͏͏ to͏͏ the͏͏ national͏͏ average͏͏ of͏͏ 22%,͏͏ Chopra͏͏ noted͏͏ that͏͏ the͏͏ company͏͏ aims͏͏ to͏͏ raise͏͏ this͏͏ figure͏͏ to͏͏ at͏͏ least͏͏ 45%͏͏ in͏͏ the͏͏ coming͏͏ years.

“We͏͏ aim͏͏ to͏͏ achieve͏͏ a͏͏ complete͏͏ balance͏͏ in͏͏ our͏͏ workforce,”͏͏ he͏͏ stated.͏͏ KFC͏͏ currently͏͏ operates͏͏ over͏͏ 1,200͏͏ outlets͏͏ across͏͏ 240͏͏ cities͏͏ in͏͏ the͏͏ country.

He͏͏ mentioned͏͏ that͏͏ KFC͏͏ is͏͏ committed͏͏ to͏͏ implementing͏͏ “customised͏͏ infrastructure”͏͏ to͏͏ support͏͏ the͏͏ SHI͏͏ community,͏͏ enabling͏͏ them͏͏ to͏͏ perform͏͏ and͏͏ thrive͏͏ alongside͏͏ their͏͏ colleagues͏͏ in͏͏ the͏͏ ecosystem.

He͏͏ explained͏͏ that͏͏ there͏͏ are͏͏ two͏͏ primary͏͏ job͏͏ roles͏͏ within͏͏ the͏͏ KFC͏͏ system.͏͏ The͏͏ first͏͏ role͏͏ is͏͏ that͏͏ of͏͏ a͏͏ team͏͏ member,͏͏ which͏͏ includes͏͏ cooks,͏͏ chefs,͏͏ cashiers,͏͏ and͏͏ delivery͏͏ personnel,͏͏ while͏͏ the͏͏ second͏͏ role͏͏ consists͏͏ of͏͏ managers.

He͏͏ stated͏͏ that͏͏ individuals͏͏ from͏͏ the͏͏ SHI͏͏ community͏͏ are͏͏ currently͏͏ employed͏͏ in͏͏ both͏͏ job͏͏ profiles,͏͏ utilizing͏͏ the͏͏ customised͏͏ infrastructure.

He͏͏ mentioned͏͏ that͏͏ KFC͏͏ has͏͏ created͏͏ an͏͏ online͏͏ training͏͏ module,͏͏ developed͏͏ in͏͏ collaboration͏͏ with͏͏ a͏͏ sign͏͏ language͏͏ expert,͏͏ to͏͏ train͏͏ its͏͏ entire͏͏ workforce͏͏ in͏͏ sign͏͏ language.͏͏ He͏͏ added͏͏ that͏͏ India͏͏ has͏͏ a͏͏ significant͏͏ population͏͏ of͏͏ individuals͏͏ with͏͏ speech͏͏ and͏͏ hearing͏͏ difficulties,͏͏ and͏͏ this͏͏ training͏͏ will͏͏ enable͏͏ employees͏͏ to͏͏ engage͏͏ not͏͏ only͏͏ with͏͏ SHI͏͏ staff͏͏ within͏͏ the͏͏ KFC͏͏ ecosystem͏͏ but͏͏ also͏͏ with͏͏ customers͏͏ facing͏͏ similar͏͏ challenges.

“One͏͏ of͏͏ the͏͏ most͏͏ crucial͏͏ steps͏͏ towards͏͏ this͏͏ goal͏͏ is͏͏ promoting͏͏ the͏͏ use͏͏ of͏͏ sign͏͏ language.͏͏ Since͏͏ 2021,͏͏ our͏͏ annual͏͏ #SpeakSign͏͏ campaign͏͏ has͏͏ been͏͏ dedicated͏͏ to͏͏ this͏͏ initiative.͏͏ This͏͏ year,͏͏ we͏͏ are͏͏ proud͏͏ to͏͏ announce͏͏ that͏͏ 100͏͏ percent͏͏ of͏͏ our͏͏ teams͏͏ will͏͏ be͏͏ trained͏͏ in͏͏ basic͏͏ Indian͏͏ sign͏͏ language,͏͏ making͏͏ our͏͏ restaurants͏͏ across͏͏ the͏͏ country͏͏ more͏͏ inclusive.͏͏ We’re͏͏ also͏͏ extending͏͏ this͏͏ sign͏͏ language͏͏ movement͏͏ beyond͏͏ our͏͏ organisation͏͏ into͏͏ the͏͏ hospitality͏͏ industry.͏͏ Through͏͏ interactive͏͏ kiosks͏͏ at͏͏ popular͏͏ locations,͏͏ we’re͏͏ encouraging͏͏ consumers͏͏ to͏͏ learn͏͏ how͏͏ to͏͏ order͏͏ their͏͏ favourite͏͏ food͏͏ items͏͏ across͏͏ brands͏͏ using͏͏ sign͏͏ language,”͏͏ Chopra͏͏ stated.

Continue͏͏ Exploring:͏͏ KFC joins͏͏ ONDC͏͏ network͏͏ with͏͏ pilot͏͏ program͏͏ in͏͏ Gurugram,͏͏ eyes͏͏ nationwide͏͏ rollout

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ProV Foods aims for 40% growth, targets bigger share of India’s organized dry fruit market

By
M Haziq Pandit
-
0
ProV Foods

ProV Foods, a rising name in India’s dry fruit sector, is setting its sights on substantial growth as the country’s fragmented dry fruit market shifts towards organized and branded products. 

Founded in 2015 by DP Jhawar, ProV Foods has leveraged its understanding of the unorganized sector to build a solid presence in the organized market. “When we started, 90% of the industry was unorganized. We saw the opportunity to bring quality and consistency to a market where consumers were demanding more transparency,” says Jhawar. 

With India’s dry fruit market currently valued at INR 60,000 crore and expected to grow to INR 95,000 crore over the next five years, the organized sector’s share is also poised to expand rapidly. Jhawar predicts that branded products will see significant growth, stating, “The branded market, which is around INR 7,000 crore today, will touch INR 20,000 crore in the next 4-5 years.”

ProV Foods portfolio

From Supply Chain Mastery to Brand Success

ProV’s journey began by addressing the supply chain challenges inherent in the dry fruit market. “The first three years, we focused on understanding the business, building relationships with suppliers, and ensuring consistent quality. It’s this effort that has helped us ensure high standards across seasons, a critical factor in dry fruits,” Jhawar explains.

In 2018, ProV Foods entered the branded space, focusing on offering high-quality, packaged dry fruits across various SKUs. Today, the company offers over 150 SKUs across almonds, cashews, pistachios, walnuts, and mixed products. Almonds and pistachios remain their top-selling items, with ProV capitalizing on a growing consumer preference for healthy snacks. “We’re seeing rapid growth in the healthy snacks segment, particularly with smaller packs like INR 30 options, which are doing very well in general trade and pan stores,” Jhawar shares.

Continue Exploring: ProV Foods unveils premium indulgence series with chocolate-coated almonds

Growth Strategy and Expansion

With a revenue of INR 300 crore in the branded space last year, ProV Foods has set an ambitious target of INR 425 crore for the current fiscal year. The company’s growth strategy revolves around increasing its presence in general trade, especially in southern India, where it already has a strong foothold. Jhawar emphasizes, “We’re focusing on going deep in the markets we’re already in, rather than expanding too wide too quickly. However, I’m targeting 30% to 40% growth year on year.”

As e-commerce and modern retail continue to play a vital role in ProV’s success, Jhawar notes that the company is cautious about discounting strategies. “We don’t believe in deep discounting or burning capital. Our approach is to offer consumers quality at the right price,” he asserts.

IPO and Future Prospects

ProV Foods recently marked a milestone by going public, a move that Jhawar believes has significantly boosted the brand’s visibility. “The IPO has helped us gain recognition, and it’s opening up opportunities for us to enter new markets and launch new products,” he remarks. Beyond visibility, the listing has also provided the company with the capital needed for further investment in its business.

Continue Exploring: Dry fruit consumption in India soars by 25% in 2023, fueled by health-conscious trend post-pandemic

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Dorje Teas raises INR 1.8 Cr in seed funding led by Coast Fund VC, others

By
M Haziq Pandit
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0
Dorje Teas

Dorje Teas, a Darjeeling-based direct-to-consumer (D2C) startup, has secured INR 1.8 crore in its Seed funding round. The round was led by Coast Fund VC (venture arm of Blink Digital), with participation from Untitled Ventures, Ice VC, SSK Exports, the Chandigarh Angels Network (CAN), and a consortium of Ashoka University alumni.

Nakuul͏͏ Mehta͏͏ Joins͏͏ as͏͏ Investor͏͏ and͏͏ Brand͏͏ Ambassador:

The͏͏ funding͏͏ round͏͏ also͏͏ saw͏͏ participation͏͏ from͏͏ creators͏͏ and͏͏ entrepreneurs͏͏ such͏͏ as͏͏ Arjun͏͏ Vaidya͏͏ and͏͏ Varun͏͏ Mayya.͏͏ Additionally,͏͏ Nakuul͏͏ Mehta,͏͏ one͏͏ of͏͏ India’s͏͏ leading͏͏ TV͏͏ stars,͏͏ will͏͏ join͏͏ as͏͏ both͏͏ an͏͏ investor͏͏ and͏͏ brand͏͏ ambassador͏͏ for͏͏ Dorje͏͏ Teas,͏͏ as͏͏ reported͏͏ by͏͏ Entrackr.

Significant͏͏ Growth͏͏ Post͏͏ Shark͏͏ Tank͏͏ Appearance:

The͏͏ three-year-old͏͏ startup͏͏ gained͏͏ recognition͏͏ earlier͏͏ this͏͏ year͏͏ by͏͏ featuring͏͏ on͏͏ Season͏͏ 2͏͏ of͏͏ Shark͏͏ Tank͏͏ India,͏͏ where͏͏ it͏͏ secured͏͏ investment͏͏ deals͏͏ from͏͏ notable͏͏ D2C͏͏ investors͏͏ Anupam͏͏ Mittal͏͏ and͏͏ Vineeta͏͏ Singh.͏͏ The͏͏ company͏͏ reported͏͏ a͏͏ 300%͏͏ increase͏͏ in͏͏ operations͏͏ and͏͏ revenues͏͏ since͏͏ its͏͏ appearance͏͏ on͏͏ the͏͏ reality͏͏ show.

Continue͏͏ Exploring:͏͏ Flavored͏͏ Green͏͏ tea startup͏͏ Cup-Ji͏͏ plans͏͏ product͏͏ expansion,͏͏ eyes͏͏ fresh͏͏ investments͏͏ in͏͏ the͏͏ next͏͏ 6͏͏ months

Dorje Teas Plans͏͏ for͏͏ Product͏͏ Expansion͏͏ and͏͏ Content͏͏ Studio:

Alongside͏͏ expanding͏͏ its͏͏ product͏͏ range,͏͏ Dorje͏͏ Teas͏͏ aims͏͏ to͏͏ set͏͏ up͏͏ an͏͏ in-house͏͏ content͏͏ studio͏͏ to͏͏ produce͏͏ engaging͏͏ materials͏͏ that͏͏ showcase͏͏ the͏͏ brand’s͏͏ dedication͏͏ to͏͏ health͏͏ and͏͏ quality.͏͏ The͏͏ company͏͏ is͏͏ also͏͏ developing͏͏ its͏͏ B2B͏͏ vertical͏͏ and͏͏ planning͏͏ to͏͏ export͏͏ Darjeeling͏͏ teas͏͏ globally.

Founded͏͏ by͏͏ Sparsh͏͏ Agarwal͏͏ and͏͏ Ishaan͏͏ Kanoria,͏͏ the͏͏ startup͏͏ plans͏͏ to͏͏ launch͏͏ a͏͏ staycation͏͏ program͏͏ for͏͏ content͏͏ creators͏͏ at͏͏ the͏͏ heritage͏͏ Selim͏͏ Hill͏͏ tea͏͏ garden,͏͏ inviting͏͏ influencers͏͏ to͏͏ experience͏͏ and͏͏ share͏͏ their͏͏ journey͏͏ with͏͏ the͏͏ brand’s͏͏ unique͏͏ offerings.

Prominent͏͏ venture͏͏ capital-backed͏͏ brands͏͏ in͏͏ this͏͏ sector͏͏ include͏͏ Vahdam͏͏ Teas,͏͏ Tea͏͏ Box,͏͏ and͏͏ Team͏͏ Monk.

Continue͏͏ Exploring:͏͏ Tea Board͏͏ launches͏͏ INR͏͏ 664.09͏͏ Cr͏͏ development͏͏ scheme͏͏ to͏͏ boost͏͏ Indian͏͏ tea͏͏ industry

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DMart’s Q2 net profit hits INR 659.58 Cr, up 5.77% YoY

By
M Haziq Pandit
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0
DMart

Avenue Supermarts Ltd, the operator of DMart, recorded a consolidated net profit of INR 659.58 crore for the July to September quarter, marking a 5.77% rise from INR 623.56 crore in the corresponding quarter of the previous year.

Revenue͏͏ Surge:

The͏͏ company͏͏ reported͏͏ a͏͏ 14.4%͏͏ increase͏͏ in͏͏ revenue͏͏ for͏͏ Q2͏͏ FY25,͏͏ reaching͏͏ INR͏͏ 14,444.50͏͏ crore,͏͏ compared͏͏ to͏͏ INR͏͏ 12,624.37͏͏ crore͏͏ in͏͏ the͏͏ same͏͏ period͏͏ last͏͏ year.

EBITDA͏͏ Performance:

According͏͏ to͏͏ the͏͏ consolidated͏͏ financial͏͏ report͏͏ filed͏͏ with͏͏ the͏͏ exchanges͏͏ on͏͏ October͏͏ 12,͏͏ DMart’s͏͏ earnings͏͏ before͏͏ interest,͏͏ tax,͏͏ depreciation,͏͏ and͏͏ amortization͏͏ (EBITDA)͏͏ for͏͏ Q2͏͏ FY25͏͏ reached͏͏ INR͏͏ 1,094͏͏ crore,͏͏ up͏͏ from͏͏ INR͏͏ 1,005͏͏ crore͏͏ in͏͏ the͏͏ same͏͏ quarter͏͏ last͏͏ year.͏͏ The͏͏ EBITDA͏͏ margin͏͏ was͏͏ 7.6%͏͏ in͏͏ Q2͏͏ FY25,͏͏ down͏͏ from͏͏ 8%͏͏ in͏͏ Q2͏͏ FY24.

The͏͏ retail͏͏ chain͏͏ operator’s͏͏ consolidated͏͏ total͏͏ revenue͏͏ for͏͏ the͏͏ quarter͏͏ ended͏͏ September͏͏ 30,͏͏ 2024,͏͏ was͏͏ INR͏͏ 14,445͏͏ crore,͏͏ compared͏͏ to͏͏ INR͏͏ 12,624͏͏ crore͏͏ in͏͏ the͏͏ same͏͏ period͏͏ last͏͏ year.

Its͏͏ basic͏͏ earnings͏͏ per͏͏ share͏͏ (EPS)͏͏ for͏͏ Q2͏͏ FY25͏͏ was͏͏ INR͏͏ 10.14,͏͏ compared͏͏ to͏͏ INR͏͏ 9.58͏͏ for͏͏ Q2͏͏ FY24.

Continue͏͏ Exploring:͏͏ DMart to͏͏ focus͏͏ on͏͏ value͏͏ pricing,͏͏ steers͏͏ clear͏͏ of͏͏ quick͏͏ commerce͏͏ model

H1͏͏ FY25͏͏ Financials:

For͏͏ H1͏͏ FY25,͏͏ Avenue͏͏ Supermarts͏͏ reported͏͏ total͏͏ revenue͏͏ of͏͏ INR͏͏ 28,514͏͏ crore,͏͏ up͏͏ from͏͏ INR͏͏ 24,490͏͏ crore͏͏ in͏͏ the͏͏ same͏͏ period͏͏ last͏͏ year.͏͏ Earnings͏͏ before͏͏ interest,͏͏ tax,͏͏ depreciation,͏͏ and͏͏ amortization͏͏ (EBITDA)͏͏ for͏͏ H1͏͏ FY25͏͏ were͏͏ INR͏͏ 2,315͏͏ crore,͏͏ compared͏͏ to͏͏ INR͏͏ 2,040͏͏ crore͏͏ in͏͏ H1͏͏ FY24.͏͏ The͏͏ EBITDA͏͏ margin͏͏ was͏͏ 8.1%͏͏ in͏͏ H1͏͏ FY25,͏͏ compared͏͏ to͏͏ 8.3%͏͏ in͏͏ H1͏͏ FY24.

For͏͏ H1͏͏ FY25,͏͏ consolidated͏͏ net͏͏ profit͏͏ was͏͏ INR͏͏ 1,433͏͏ crore,͏͏ compared͏͏ to͏͏ INR͏͏ 1,282͏͏ crore͏͏ in͏͏ H1͏͏ FY24,͏͏ while͏͏ the͏͏ profit͏͏ after͏͏ tax͏͏ (PAT)͏͏ margin͏͏ was͏͏ 5.0%͏͏ in͏͏ H1͏͏ FY25,͏͏ down͏͏ from͏͏ 5.2%͏͏ in͏͏ H1͏͏ FY24.

Basic͏͏ earnings͏͏ per͏͏ share͏͏ (EPS)͏͏ for͏͏ H1͏͏ FY25͏͏ was͏͏ INR͏͏ 22.03,͏͏ compared͏͏ to͏͏ INR͏͏ 19.72͏͏ for͏͏ H1͏͏ FY24.

The͏͏ company͏͏ opened͏͏ its͏͏ first͏͏ store͏͏ in͏͏ Mumbai,͏͏ Maharashtra,͏͏ in͏͏ 2002.͏͏ As͏͏ of͏͏ June͏͏ 30,͏͏ 2024,͏͏ it͏͏ operated͏͏ 371͏͏ stores,͏͏ covering͏͏ a͏͏ retail͏͏ business͏͏ area͏͏ of͏͏ 15.40͏͏ million͏͏ sq͏͏ ft͏͏ across͏͏ Maharashtra,͏͏ Gujarat,͏͏ Telangana,͏͏ Andhra͏͏ Pradesh,͏͏ Karnataka,͏͏ Tamil͏͏ Nadu,͏͏ Madhya͏͏ Pradesh,͏͏ Rajasthan,͏͏ Punjab,͏͏ NCR,͏͏ Chhattisgarh,͏͏ and͏͏ Daman.

Continue͏͏ Exploring:͏͏ DMart’s͏͏ Q1͏͏ FY25͏͏ net͏͏ profit͏͏ rises͏͏ 17.45%͏͏ to͏͏ INR͏͏ 773.68͏͏ Cr,͏͏ revenue͏͏ up͏͏ 18.57%

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Swiggy’s co-founder Sriharsha Majety, investors cash out INR 670 Cr ahead of IPO

By
M Haziq Pandit
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0
Swiggy

Just days before foodtech giant Swiggy submitted its updated draft red herring prospectus (DRHP) to SEBI, founder Sriharsha Majety and some investors offloaded shares worth INR 670 crore.

Torroz͏͏ Fintech͏͏ Acquires͏͏ Swiggy Shares:

On͏͏ September͏͏ 20,͏͏ Swiggy͏͏ co-founder͏͏ and͏͏ group͏͏ CEO͏͏ Sriharsha͏͏ Majety͏͏ sold͏͏ 6,36,972͏͏ equity͏͏ shares͏͏ to͏͏ Torroz͏͏ Fintech͏͏ at͏͏ INR͏͏ 345͏͏ each.͏͏ He͏͏ followed͏͏ this͏͏ with͏͏ an͏͏ additional͏͏ sale͏͏ of͏͏ 29,695͏͏ shares͏͏ at͏͏ the͏͏ same͏͏ price͏͏ on͏͏ September͏͏ 23.͏͏ These͏͏ two͏͏ secondary͏͏ transactions͏͏ earned͏͏ the͏͏ CEO͏͏ INR͏͏ 23͏͏ crore.

Along͏͏ with͏͏ the͏͏ shares͏͏ from͏͏ Majety,͏͏ Torroz͏͏ Fintech͏͏ also͏͏ bought͏͏ 4,326͏͏ Series͏͏ B͏͏ compulsorily͏͏ convertible͏͏ preference͏͏ shares͏͏ (CCPS)͏͏ from͏͏ Swiggy͏͏ investor͏͏ Norwest͏͏ Ventures͏͏ Private͏͏ Limited͏͏ at͏͏ INR͏͏ 4.62͏͏ lakh͏͏ per͏͏ share.͏͏ This͏͏ all-cash͏͏ transaction͏͏ totalled͏͏ INR͏͏ 200͏͏ crore͏͏ to͏͏ the͏͏ investment͏͏ firm.

Continue͏͏ Exploring:͏͏ IPO-bound͏͏ Swiggy grants͏͏ $271͏͏ Mn͏͏ in͏͏ ESOPs͏͏ to͏͏ founders,͏͏ top͏͏ executives

As͏͏ per͏͏ Torroz͏͏ Fintech’s͏͏ website,͏͏ the͏͏ company͏͏ specialises͏͏ in͏͏ offering͏͏ curated͏͏ investment͏͏ opportunities͏͏ across͏͏ various͏͏ financial͏͏ securities͏͏ in͏͏ private͏͏ and͏͏ other͏͏ markets.͏͏ It͏͏ highlights͏͏ an͏͏ extensive͏͏ network͏͏ of͏͏ private͏͏ equity͏͏ firms,͏͏ wealth͏͏ managers,͏͏ family͏͏ offices,͏͏ and͏͏ high-net-worth͏͏ individuals.

“Explore͏͏ the͏͏ world͏͏ of͏͏ private͏͏ markets,͏͏ where͏͏ exclusive͏͏ opportunities͏͏ await͏͏ astute͏͏ investors,”͏͏ states͏͏ its͏͏ website.͏͏ The͏͏ company͏͏ was͏͏ established͏͏ in͏͏ 2022͏͏ by͏͏ directors͏͏ Pratik͏͏ Vaja͏͏ and͏͏ Rahul͏͏ Kurup͏͏ of͏͏ 4Sight͏͏ Global͏͏ Ventures.

Strootaay͏͏ Unlisted͏͏ Brokers’͏͏ Significant͏͏ Deal:

In͏͏ addition͏͏ to͏͏ Torroz͏͏ Fintech,͏͏ Strootaay͏͏ Unlisted͏͏ Brokers͏͏ acquired͏͏ 4.63͏͏ lakh͏͏ Series͏͏ B͏͏ CCPS͏͏ of͏͏ Swiggy͏͏ from͏͏ venture͏͏ capital͏͏ firm͏͏ Elevation͏͏ Capital͏͏ for͏͏ INR͏͏ 439.12͏͏ crore͏͏ on͏͏ September͏͏ 11,͏͏ as͏͏ per͏͏ the͏͏ draft͏͏ IPO͏͏ documents.

Chennai-based͏͏ Strootaay͏͏ Unlisted͏͏ Brokers͏͏ provides͏͏ investors͏͏ with͏͏ a͏͏ platform͏͏ to͏͏ invest͏͏ in͏͏ unlisted͏͏ shares͏͏ of͏͏ late-stage,͏͏ pre-IPO͏͏ companies.

Meanwhile,͏͏ another͏͏ Swiggy͏͏ investor,͏͏ Ark͏͏ India͏͏ FoodTech͏͏ Private͏͏ Investment͏͏ Trust,͏͏ sold͏͏ 2.1͏͏ lakh͏͏ equity͏͏ shares͏͏ to͏͏ Moksh͏͏ Capital͏͏ Partners͏͏ 1͏͏ at͏͏ INR͏͏ 360͏͏ each͏͏ on͏͏ September͏͏ 23,͏͏ bringing͏͏ the͏͏ total͏͏ transaction͏͏ value͏͏ to͏͏ INR͏͏ 7.56͏͏ crore.

Moksha͏͏ Finance͏͏ assists͏͏ startups͏͏ in͏͏ obtaining͏͏ seed-stage͏͏ funding,͏͏ connecting͏͏ them͏͏ with͏͏ angel͏͏ investors͏͏ and͏͏ venture͏͏ capital͏͏ firms,͏͏ and͏͏ facilitating͏͏ their͏͏ transition͏͏ to͏͏ public͏͏ markets.͏͏ According͏͏ to͏͏ its͏͏ website,͏͏ the͏͏ firm͏͏ has͏͏ completed͏͏ five͏͏ deals͏͏ across͏͏ various͏͏ sectors͏͏ in͏͏ the͏͏ past͏͏ year.

High͏͏ Demand͏͏ for͏͏ Unlisted͏͏ Shares:

These͏͏ deals͏͏ offered͏͏ investors͏͏ partial͏͏ exits͏͏ ahead͏͏ of͏͏ the͏͏ IPO͏͏ due͏͏ to͏͏ strong͏͏ demand͏͏ for͏͏ unlisted͏͏ shares͏͏ of͏͏ Swiggy.͏͏ Several͏͏ high-net-worth͏͏ individuals͏͏ (HNIs)͏͏ and͏͏ companies͏͏ have͏͏ purchased͏͏ shares͏͏ in͏͏ Swiggy͏͏ prior͏͏ to͏͏ the͏͏ launch͏͏ of͏͏ its͏͏ public͏͏ issue.͏͏ Most͏͏ recently,͏͏ the͏͏ co-founders͏͏ of͏͏ angel͏͏ investing͏͏ platform͏͏ BizDateup,͏͏ Jeet͏͏ Chandan͏͏ and͏͏ Meet͏͏ Jain,͏͏ revealed͏͏ they͏͏ had͏͏ acquired͏͏ stakes͏͏ in͏͏ the͏͏ startup͏͏ for͏͏ an͏͏ undisclosed͏͏ amount.

Actor͏͏ Madhuri͏͏ Dixit,͏͏ Amitabh͏͏ Bachchan’s͏͏ family͏͏ office,͏͏ and͏͏ companies͏͏ like͏͏ Modern͏͏ Insulators͏͏ and͏͏ Hindustan͏͏ Composites͏͏ also͏͏ purchased͏͏ shares͏͏ in͏͏ the͏͏ foodtech͏͏ giant͏͏ ahead͏͏ of͏͏ the͏͏ IPO.

According͏͏ to͏͏ the͏͏ DRHP,͏͏ Swiggy’s͏͏ IPO͏͏ will͏͏ include͏͏ a͏͏ fresh͏͏ issue͏͏ of͏͏ INR͏͏ 3,750͏͏ crore͏͏ and͏͏ an͏͏ offer͏͏ for͏͏ sale͏͏ of͏͏ up͏͏ to͏͏ 18.53͏͏ crore͏͏ equity͏͏ shares.͏͏ However,͏͏ the͏͏ company͏͏ received͏͏ approval͏͏ from͏͏ its͏͏ shareholders͏͏ earlier͏͏ this͏͏ month͏͏ to͏͏ raise͏͏ the͏͏ size͏͏ of͏͏ the͏͏ fresh͏͏ issue͏͏ to͏͏ INR͏͏ 5,000͏͏ crore͏͏ in͏͏ the͏͏ IPO.

CEO͏͏ Majety͏͏ will͏͏ be͏͏ selling͏͏ up͏͏ to͏͏ 1.74͏͏ million͏͏ equity͏͏ shares͏͏ as͏͏ part͏͏ of͏͏ the͏͏ IPO.

Continue͏͏ Exploring:͏͏ IPO-bound͏͏ Swiggy͏͏ receives͏͏ shareholders’͏͏ approval͏͏ to͏͏ increase͏͏ fresh͏͏ issue͏͏ size͏͏ to͏͏ INR͏͏ 5,000͏͏ Cr

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AICPDF calls for investigation into delivery practices of quick commerce and e-commerce firms

By
M Haziq Pandit
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0
quick commerce ecommerce

The All India Consumer Products Distributors Federation (AICPDF), representing distributors of fast-moving consumer goods (FMCG), has expressed concerns regarding the delivery practices of quick commerce and e-commerce companies in India.

The͏͏ AICPDF͏͏ has͏͏ reached͏͏ out͏͏ to͏͏ the͏͏ ministries͏͏ of͏͏ road͏͏ transport͏͏ and͏͏ health,͏͏ requesting͏͏ an͏͏ investigation͏͏ into͏͏ the͏͏ use͏͏ of͏͏ private͏͏ vehicles͏͏ for͏͏ commercial͏͏ deliveries͏͏ by͏͏ these͏͏ companies,͏͏ according͏͏ to͏͏ Business͏͏ Standard.

Food͏͏ Safety͏͏ Violations:

The͏͏ Federation͏͏ highlighted͏͏ that͏͏ numerous͏͏ quick͏͏ commerce͏͏ and͏͏ e-commerce͏͏ companies͏͏ often͏͏ use͏͏ private͏͏ vehicles͏͏ for͏͏ food͏͏ deliveries,͏͏ which͏͏ violates͏͏ the͏͏ guidelines͏͏ set͏͏ by͏͏ the͏͏ Food͏͏ Safety͏͏ and͏͏ Standards͏͏ Authority͏͏ of͏͏ India͏͏ (FSSAI).

“The͏͏ standards͏͏ are͏͏ essential͏͏ for͏͏ preventing͏͏ contamination͏͏ and͏͏ ensuring͏͏ that͏͏ consumers͏͏ receive͏͏ safe,͏͏ hygienically͏͏ handled͏͏ food.͏͏ However,͏͏ the͏͏ extensive͏͏ use͏͏ of͏͏ privately͏͏ owned͏͏ two-wheelers͏͏ by͏͏ delivery͏͏ personnel͏͏ raises͏͏ concerns͏͏ about͏͏ their͏͏ ability͏͏ to͏͏ meet͏͏ the͏͏ necessary͏͏ food͏͏ safety͏͏ standards,”͏͏ the͏͏ report͏͏ quoted͏͏ the͏͏ AICPDF͏͏ in͏͏ its͏͏ letter͏͏ to͏͏ the͏͏ health͏͏ ministry.

In͏͏ its͏͏ complaint͏͏ to͏͏ the͏͏ road͏͏ transport͏͏ ministry,͏͏ the͏͏ Federation͏͏ stated͏͏ that͏͏ the͏͏ use͏͏ of͏͏ private͏͏ vehicles͏͏ poses͏͏ significant͏͏ safety͏͏ concerns.͏͏ It͏͏ noted͏͏ that͏͏ these͏͏ vehicles͏͏ may͏͏ lack͏͏ adequate͏͏ insurance͏͏ and͏͏ maintenance͏͏ to͏͏ comply͏͏ with͏͏ the͏͏ standards͏͏ necessary͏͏ for͏͏ commercial͏͏ operations.

Continue͏͏ Exploring:͏͏ Govt͏͏ to͏͏ crack͏͏ down͏͏ on͏͏ quick commerce firms͏͏ over͏͏ non-compliance͏͏ with͏͏ mandatory͏͏ disclosures

Previous͏͏ Complaints͏͏ and͏͏ Regulatory͏͏ Challenges:

However,͏͏ this͏͏ is͏͏ not͏͏ the͏͏ first͏͏ instance͏͏ of͏͏ the͏͏ AICPDF͏͏ raising͏͏ concerns͏͏ about͏͏ quick͏͏ commerce.͏͏ In͏͏ August,͏͏ it͏͏ wrote͏͏ to͏͏ the͏͏ Ministry͏͏ of͏͏ Commerce͏͏ and͏͏ Industry,͏͏ requesting͏͏ an͏͏ investigation͏͏ into͏͏ the͏͏ rapid͏͏ expansion͏͏ of͏͏ the͏͏ quick͏͏ commerce͏͏ sector.

Expressing͏͏ concerns͏͏ about͏͏ the͏͏ compliance͏͏ of͏͏ quick͏͏ commerce͏͏ companies͏͏ with͏͏ the͏͏ country’s͏͏ FDI͏͏ norms,͏͏ it͏͏ urged͏͏ Union͏͏ Minister͏͏ Piyush͏͏ Goyal͏͏ to͏͏ regulate͏͏ these͏͏ players͏͏ to͏͏ safeguard͏͏ small͏͏ retailers.

Subsequently,͏͏ the͏͏ Department͏͏ for͏͏ Promotion͏͏ of͏͏ Industry͏͏ and͏͏ Internal͏͏ Trade͏͏ (DPIIT)͏͏ forwarded͏͏ the͏͏ complaint͏͏ to͏͏ the͏͏ Competition͏͏ Commission͏͏ of͏͏ India.

While͏͏ the͏͏ e-commerce͏͏ sector͏͏ has͏͏ experienced͏͏ significant͏͏ growth͏͏ over͏͏ the͏͏ past͏͏ decade,͏͏ quick͏͏ commerce͏͏ has͏͏ gained͏͏ rapid͏͏ popularity͏͏ in͏͏ the͏͏ last͏͏ 2-3͏͏ years,͏͏ particularly͏͏ in͏͏ metropolitan͏͏ areas.͏͏ This͏͏ has͏͏ created͏͏ competition͏͏ between͏͏ e-commerce͏͏ giants͏͏ like͏͏ Amazon͏͏ and͏͏ Meesho͏͏ and͏͏ quick͏͏ commerce͏͏ players͏͏ such͏͏ as͏͏ Blinkit,͏͏ Swiggy͏͏ Instamart,͏͏ and͏͏ Zepto.

However,͏͏ both͏͏ sectors͏͏ are͏͏ facing͏͏ heightened͏͏ regulatory͏͏ scrutiny.͏͏ Quick͏͏ commerce͏͏ companies͏͏ are͏͏ being͏͏ scrutinised͏͏ for͏͏ not͏͏ adhering͏͏ to͏͏ regulations͏͏ that͏͏ require͏͏ the͏͏ display͏͏ of͏͏ expiry͏͏ and͏͏ best-before͏͏ dates,͏͏ while͏͏ e-commerce͏͏ players͏͏ are͏͏ likely͏͏ to͏͏ come͏͏ under͏͏ fire͏͏ for͏͏ violating͏͏ dark͏͏ pattern͏͏ regulations.

Continue͏͏ Exploring:͏͏ Central͏͏ Govt͏͏ to͏͏ act͏͏ against͏͏ e-commerce brands͏͏ for͏͏ violating͏͏ dark͏͏ pattern͏͏ norms

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Kellanova India looks to double its household footprint in coming years

By
M Haziq Pandit
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0
Kellanova

Packaged food giant Kellanova India, formerly Kelloggs India, aims to double its household penetration from the current 40-50 million households in the coming years. The͏͏ company͏͏ reported͏͏ robust͏͏ growth͏͏ in͏͏ its͏͏ Kellogg’s͏͏ Muesli͏͏ portfolio͏͏ and͏͏ has͏͏ also͏͏ increased͏͏ its͏͏ market͏͏ share͏͏ in͏͏ the͏͏ cornflakes͏͏ segment.

In͏͏ a͏͏ global͏͏ announcement͏͏ made͏͏ in͏͏ August,͏͏ Mars,͏͏ Inc.͏͏ stated͏͏ that͏͏ it͏͏ has͏͏ signed͏͏ a͏͏ definitive͏͏ agreement͏͏ to͏͏ acquire͏͏ Kellanova.͏͏ Prashant͏͏ Peres,͏͏ Managing͏͏ Director͏͏ of͏͏ Kellanova͏͏ India͏͏ &͏͏ South͏͏ Asia,͏͏ commented,͏͏ “Kellanova͏͏ has͏͏ been͏͏ on͏͏ a͏͏ transformative͏͏ journey͏͏ to͏͏ become͏͏ the͏͏ leading͏͏ snacks-led͏͏ company.͏͏ With͏͏ this͏͏ recent͏͏ announcement,͏͏ we͏͏ have͏͏ an͏͏ exciting͏͏ opportunity͏͏ to͏͏ join͏͏ Mars,͏͏ which͏͏ will͏͏ help͏͏ us͏͏ accelerate͏͏ our͏͏ vision͏͏ and͏͏ realise͏͏ our͏͏ full͏͏ potential͏͏ even͏͏ faster.͏͏ This͏͏ announcement͏͏ is͏͏ just͏͏ the͏͏ first͏͏ step͏͏ in͏͏ the͏͏ process.͏͏ Until͏͏ the͏͏ deal͏͏ closes,͏͏ both͏͏ companies͏͏ will͏͏ remain͏͏ completely͏͏ independent,͏͏ and͏͏ it͏͏ will͏͏ be͏͏ business͏͏ as͏͏ usual͏͏ for͏͏ everyone.”

Discussing͏͏ the͏͏ company’s͏͏ strategy,͏͏ he͏͏ stated,͏͏ “Our͏͏ household͏͏ penetration͏͏ is͏͏ currently͏͏ estimated͏͏ at͏͏ around͏͏ 40-50͏͏ million͏͏ households.͏͏ We͏͏ aim͏͏ to͏͏ increase͏͏ this͏͏ to͏͏ approximately͏͏ 100͏͏ million͏͏ households͏͏ over͏͏ the͏͏ next͏͏ 3-4͏͏ years.͏͏ We͏͏ believe͏͏ we͏͏ provide͏͏ a͏͏ compelling͏͏ proposition͏͏ to͏͏ consumers͏͏ in͏͏ terms͏͏ of͏͏ health,͏͏ nutrition,͏͏ and͏͏ convenience,͏͏ which͏͏ will͏͏ enable͏͏ us͏͏ to͏͏ build͏͏ a͏͏ substantial͏͏ business͏͏ in͏͏ the͏͏ long͏͏ term.”

Robust͏͏ Growth͏͏ in͏͏ the͏͏ Muesli͏͏ and͏͏ Cornflakes͏͏ Segments:

The͏͏ company͏͏ has͏͏ been͏͏ focused͏͏ on͏͏ revamping͏͏ its͏͏ portfolio͏͏ over͏͏ the͏͏ past͏͏ few͏͏ months.͏͏ It͏͏ reported͏͏ that͏͏ household͏͏ penetration͏͏ for͏͏ its͏͏ Kellogg’s͏͏ Muesli͏͏ portfolio͏͏ has͏͏ increased͏͏ by͏͏ 1.5͏͏ times,͏͏ and͏͏ the͏͏ brand͏͏ has͏͏ tripled͏͏ its͏͏ growth͏͏ compared͏͏ to͏͏ last͏͏ year.͏͏ “The͏͏ recent͏͏ introduction͏͏ of͏͏ Multigrain͏͏ Chocos͏͏ offers͏͏ a͏͏ balance͏͏ of͏͏ nutrition,͏͏ convenience,͏͏ and͏͏ taste.͏͏ Although͏͏ the͏͏ renovation͏͏ is͏͏ recent,͏͏ the͏͏ new͏͏ proposition͏͏ is͏͏ starting͏͏ to͏͏ show͏͏ positive͏͏ growth͏͏ signs͏͏ for͏͏ the͏͏ portfolio,͏͏ with͏͏ the͏͏ Chocos͏͏ line͏͏ gaining͏͏ 400͏͏ basis͏͏ points͏͏ in͏͏ market͏͏ share͏͏ over͏͏ the͏͏ last͏͏ three͏͏ months,”͏͏ he͏͏ added.͏͏ The͏͏ packaged͏͏ food͏͏ giant͏͏ noted͏͏ that͏͏ it͏͏ has͏͏ been͏͏ gaining͏͏ market͏͏ share͏͏ in͏͏ both͏͏ the͏͏ cornflakes͏͏ and͏͏ muesli͏͏ segments.

Continue͏͏ Exploring:͏͏ Kellanova India revamps͏͏ iconic͏͏ Kellogg’s͏͏ Chocos͏͏ as͏͏ Multigrain͏͏ Delight,͏͏ eyes͏͏ greater͏͏ household͏͏ penetration

Portfolio͏͏ Revamp͏͏ Yields͏͏ Early͏͏ Results:

“Pringles͏͏ was͏͏ launched͏͏ in͏͏ India͏͏ in͏͏ 2015,͏͏ and͏͏ the͏͏ brand’s͏͏ growth͏͏ momentum͏͏ has͏͏ been͏͏ fueled͏͏ by͏͏ a͏͏ strong͏͏ emphasis͏͏ on͏͏ flavors͏͏ that͏͏ resonate͏͏ with͏͏ Indian͏͏ consumers,͏͏ resulting͏͏ in͏͏ over͏͏ 20͏͏ percent͏͏ market͏͏ share͏͏ in͏͏ the͏͏ premium͏͏ potato͏͏ chips͏͏ segment,”͏͏ Peres͏͏ stated.

When͏͏ asked͏͏ about͏͏ demand͏͏ trends,͏͏ he͏͏ noted͏͏ that͏͏ after͏͏ a͏͏ period͏͏ of͏͏ sluggishness,͏͏ the͏͏ industry͏͏ is͏͏ now͏͏ experiencing͏͏ an͏͏ uptick͏͏ in͏͏ consumption͏͏ momentum͏͏ and͏͏ is͏͏ expected͏͏ to͏͏ rebound͏͏ strongly͏͏ in͏͏ the͏͏ second͏͏ half͏͏ of͏͏ the͏͏ fiscal͏͏ year.

Continue͏͏ Exploring:͏͏ Mars͏͏ to͏͏ acquire͏͏ Pringles͏͏ maker͏͏ Kellanova in͏͏ $36͏͏ Bn͏͏ deal

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Rebel Foods expands Wendy’s footprint with new restaurant in Bengaluru

By
M Haziq Pandit
-
0
Rebel Foods Wendy's

Rebel Foods, the world’s largest internet restaurant brand and master franchise holder for Wendy’s in India, has opened its 160th Wendy’s restaurant in BTM Layout, Bengaluru. This͏͏ milestone͏͏ underscores͏͏ Rebel͏͏ Foods’͏͏ consistent͏͏ growth͏͏ in͏͏ India’s͏͏ retail͏͏ and͏͏ hospitality͏͏ sectors.͏͏ The͏͏ opening͏͏ was͏͏ spearheaded͏͏ by͏͏ Dana͏͏ Calvert,͏͏ Wendy’s͏͏ Chief͏͏ International͏͏ Development͏͏ Officer,͏͏ emphasising͏͏ the͏͏ brand’s͏͏ commitment͏͏ to͏͏ further͏͏ expansion͏͏ in͏͏ India.

Continued͏͏ Growth͏͏ Across͏͏ India:

With͏͏ this͏͏ new͏͏ outlet,͏͏ Bengaluru͏͏ now͏͏ boasts͏͏ over͏͏ 20͏͏ Wendy’s͏͏ locations,͏͏ featuring͏͏ dine-in͏͏ services͏͏ at͏͏ the͏͏ MG͏͏ Road͏͏ and͏͏ BTM͏͏ Layout͏͏ branches.͏͏ Rebel͏͏ Foods͏͏ has͏͏ swiftly͏͏ expanded͏͏ Wendy’s͏͏ presence͏͏ across͏͏ more͏͏ than͏͏ 25͏͏ cities͏͏ in͏͏ India,͏͏ launching͏͏ 160͏͏ locations͏͏ in͏͏ just͏͏ 36͏͏ months.

Continue͏͏ Exploring:͏͏ Wendy’s hits͏͏ 150-store͏͏ milestone͏͏ in͏͏ India,͏͏ eyes͏͏ further͏͏ expansion

The͏͏ BTM͏͏ Layout͏͏ restaurant͏͏ features͏͏ Wendy’s͏͏ Global͏͏ Next͏͏ Gen͏͏ concept,͏͏ highlighting͏͏ a͏͏ digital-first͏͏ approach.͏͏ This͏͏ 50-seater͏͏ outlet͏͏ is͏͏ equipped͏͏ with͏͏ self-ordering͏͏ kiosks,͏͏ providing͏͏ customers͏͏ with͏͏ a͏͏ seamless͏͏ experience͏͏ for͏͏ both͏͏ dine-in͏͏ and͏͏ takeout.͏͏ The͏͏ menu͏͏ boasts͏͏ popular͏͏ offerings͏͏ such͏͏ as͏͏ the͏͏ Spicy͏͏ Aloo͏͏ Crunch͏͏ Burger͏͏ and͏͏ Flavour͏͏ Fresh͏͏ Premium͏͏ Burgers,͏͏ along͏͏ with͏͏ global͏͏ favourites͏͏ like͏͏ the͏͏ iconic͏͏ Frosty͏͏ dessert.

Earlier͏͏ this͏͏ month,͏͏ Wendy’s͏͏ celebrated͏͏ the͏͏ opening͏͏ of͏͏ a͏͏ new͏͏ restaurant͏͏ at͏͏ Logix͏͏ Mall͏͏ in͏͏ Noida.͏͏ The͏͏ event͏͏ was͏͏ attended͏͏ by͏͏ E.J.͏͏ Wunsch,͏͏ Wendy’s͏͏ President,͏͏ International,͏͏ and͏͏ Jaydeep͏͏ Barman,͏͏ Co-Founder͏͏ and͏͏ CEO͏͏ of͏͏ Rebel͏͏ Foods.

Commenting͏͏ on͏͏ Wendy’s͏͏ growth͏͏ in͏͏ India,͏͏ E.J.͏͏ Wunsch͏͏ stated,͏͏ “India͏͏ is͏͏ a͏͏ key͏͏ market͏͏ for͏͏ Wendy’s͏͏ global͏͏ expansion.͏͏ Our͏͏ partnership͏͏ with͏͏ Rebel͏͏ Foods͏͏ enables͏͏ us͏͏ to͏͏ deliver͏͏ Wendy’s͏͏ fresh,͏͏ famous͏͏ food͏͏ to͏͏ customers͏͏ nationwide,͏͏ and͏͏ the͏͏ opening͏͏ of͏͏ the͏͏ Noida͏͏ restaurant͏͏ offers͏͏ another͏͏ opportunity͏͏ for͏͏ our͏͏ fans͏͏ to͏͏ enjoy͏͏ our͏͏ offerings.”

Jaydeep͏͏ Barman͏͏ remarked,͏͏ “As͏͏ we͏͏ expand͏͏ Wendy’s͏͏ presence͏͏ in͏͏ India,͏͏ the͏͏ launch͏͏ of͏͏ the͏͏ new͏͏ restaurant͏͏ in͏͏ Bengaluru͏͏ represents͏͏ another͏͏ step͏͏ towards͏͏ making͏͏ the͏͏ brand͏͏ more͏͏ accessible.͏͏ Our͏͏ aim͏͏ is͏͏ to͏͏ grow͏͏ Wendy’s͏͏ footprint͏͏ across͏͏ the͏͏ country͏͏ while͏͏ strengthening͏͏ our͏͏ presence͏͏ in͏͏ cities͏͏ where͏͏ we͏͏ already͏͏ operate.”

Diverse͏͏ Menu͏͏ Offerings:

Wendy’s͏͏ is͏͏ renowned͏͏ for͏͏ its͏͏ diverse͏͏ menu,͏͏ showcasing͏͏ customer͏͏ favourites͏͏ such͏͏ as͏͏ the͏͏ Flavor͏͏ Fresh͏͏ range͏͏ and͏͏ Spicy͏͏ Aloo͏͏ Crunch,͏͏ alongside͏͏ new͏͏ offerings͏͏ like͏͏ the͏͏ Mexican,͏͏ BBQ,͏͏ Cheese͏͏ Blast,͏͏ and͏͏ Tandoori͏͏ burgers.͏͏ The͏͏ recent͏͏ launch͏͏ of͏͏ India’s͏͏ first-ever͏͏ Chimichurri͏͏ Burgers,͏͏ inspired͏͏ by͏͏ Argentinian͏͏ flavours͏͏ with͏͏ an͏͏ Indian͏͏ twist,͏͏ has͏͏ quickly͏͏ gained͏͏ popularity.

Rebel͏͏ Foods͏͏ is͏͏ set͏͏ to͏͏ continue͏͏ its͏͏ expansion͏͏ of͏͏ Wendy’s͏͏ dine-in͏͏ restaurants͏͏ in͏͏ key͏͏ cities͏͏ like͏͏ Delhi-NCR,͏͏ Bengaluru,͏͏ and͏͏ Hyderabad.͏͏ Additionally,͏͏ the͏͏ brand͏͏ plans͏͏ to͏͏ enhance͏͏ its͏͏ delivery͏͏ services͏͏ with͏͏ new͏͏ outlets͏͏ in͏͏ Tiruppur,͏͏ Mysore,͏͏ Nagpur,͏͏ Bhilai,͏͏ Kanpur,͏͏ Prayagraj,͏͏ and͏͏ Kolkata.͏͏ By͏͏ December,͏͏ Wendy’s͏͏ aims͏͏ to͏͏ open͏͏ several͏͏ more͏͏ locations,͏͏ further͏͏ solidifying͏͏ its͏͏ presence͏͏ in͏͏ India’s͏͏ retail͏͏ and͏͏ hospitality͏͏ sectors.

Continue͏͏ Exploring:͏͏ Rebel Foods cuts͏͏ net͏͏ loss͏͏ by͏͏ 42%͏͏ in͏͏ FY24,͏͏ revenue͏͏ increases͏͏ 19%͏͏ YoY

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