VC investors head to Bharat for real impact
There is growing realisation across the board on the need to look at businesses that address problems in tier II towns.
How cloud kitchens are helping Faasos survive the foodtech bloodbath
Cloud kitchen, a term used for kitchens situated in remote areas — with ...
Ronnie Screwvala backs food-tech startup Yumist
Overall, it's been tough going for the so-called food-tech ventures, which have together attr...
Food technology startup Yumist raises Rs 12 crore
Money raised will be used scale up in existing cities — Gurgaon, Delhi and Bengaluru till March, after which Yumist plans to expand to Mumbai and Pune.
Gurgaon-based food-tech company Yumist launches operations in Bengaluru
Yumist has recently hired Rahul Mishra, responsible for kitchen operations who comes from Continental Kitchen, a kitchen manufacturing company.
Yumist hires Pankaj Kumar Sharma, ex-founder of Langhar, as chief technology officer
It is also rolling out a device for tapless ordering for top customers, whose data history of preferences is available with them. With this device, customers won’t need to open the app.
Cloud kitchens optimise back-end for scale
Internet-first restaurants are looking to optimise their operational efficiency as economies of scale become crucial in a segment veering towards a bubble.
Funding slowdown takes a toll on food-tech startups like Eatlo, FreshMenu, Frsh
Eatlo, FreshMenu and Frsh do not have money to sustain operations beyond a few months as they are unable to raise fresh rounds of funding.
Food technology start-up YuMist raises Rs 6.2 crore from VC firm Orios Venture Partners
Three-month-old Gurgaon-based YuMist has been founded by Alok Jain, former chief marketing officer of online restaurant search platform Zomato.
Innovative food delivery startups like FreshMenu, iTiffin cash in on demand
As opposed to a brick-and-mortar restaurant, an "internet-only restaurant" like FreshMenu eliminates massive costs such as real estate, service and air-conditioning.
Internet-first restaurants to get more investment as investors may take a relook at QSR
Early movers among the Internet-first restaurants, which work on a delivery-based model, include Holachef, Spoonjoy, Frsh, Yumist, Eatlo, Biryani 360.
Food portals flavour of the season for venture capital investors
The eating out market presents a large opportunity for entrepreneurs as it is expected to reach $78 billion by 2018, according to consulting firm Technopak.
Now get a full meal at half the price
Companies such as SpoonJoy, FreshMenu, Yumist and Frsh are emerging to grab a hearty slice of the sector and are slowly becoming a favourite among investors.
Challenges for Indian startups: Sustain growth, be profitable, create real businesses
“From a signalling point of view being a unicorn is great,” says K Ganesh, copromoter GrowthStory, a venture building platform. Often, becoming a unicorn is as easy as convincing investors that you have a model that works!
Foodtech resembled a startup graveyard in 2016
For the most part, the rise and fall of these business models can be attributed to the hype cycle entrepreneurs and investors fell prey to
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