QSR brand Burger Singh raises an undisclosed amount in pre-series B funding, valuation soars to $52 million
ET Retail » QSR
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3w ago
"Our expansion is not just about scaling up, it's about innovating and evolving in the QSR space. The 'Burger Singh Express' model is a crucial part of this vision," said Kabir Jeet Singh, founder of the company ..read more
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KFC reaches 1,000 stores in India; to add a lakh jobs
ET Retail » QSR
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1M ago
Yum Restaurants in India are operated by three franchisees - Devyani International Limited and Sapphire Foods which operate KFC and Pizza Hut, and Burman Hospitality which operates Taco Bell. KFC, which debuted in India in 1995, said it will add over a lakh jobs across the country ..read more
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Festive season to create 2.5 million frontline jobs: Report
ET Retail » QSR
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1M ago
Although industry average salaries are expected to rise by 3.25% in the October-December period this year, salaries in ecommerce and logistics & mobility will decrease by 8% and 16.7%, respectively, largely because of the large supply of workers in this sector, according to the Festive Season Insights report by BetterPlace ..read more
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Retail sales grows by 9% in September 2023
ET Retail » QSR
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2M ago
According to a survey by the Retailers Association of India (RAI), retail sales in September 2023 increased by 9% compared to the same period in 2022. The growth was seen across regions, with the Southern region experiencing a 13% year-on-year growth. The West, East, and North regions saw growth rates of 8%, 7%, and 6% respectively ..read more
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Cinepolis India to spend '280 cr on adding 80 screens next year
ET Retail » QSR
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2M ago
The company earns 55% of its revenue from ticketing, followed by food and beverage (F&B), which contributes 35%, with advertising contributing the remaining 10%. "The cinema exhibition business will remain stable because people don't go to a multiplex just for a movie but for the experience of watching a movie together with family and friends," he noted ..read more
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KFC transforms bucket packs with sign language
ET Retail » QSR
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3M ago
KFC India is launching sign language design on its iconic buckets in all its restaurants across the country. The move is aimed at raising awareness for Indian sign language (ISL) and enabling customers to learn how to communicate using ISL. The buckets will feature visual tutorials for commonly used words and phrases. This initiative is part of KFC India's Kshamata program, which focuses on bridging the gender and ability gap ..read more
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Bankruptcy court admits insolvency resolution plea against Goli Vada Pav
ET Retail » QSR
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3M ago
Goli Vada Pav was taken to the Mumbai bench of the National Company Law Tribunal (NCLT) by Vista Processed Foods Pvt. Ltd, an operational creditor of the company, after it defaulted on dues of about Rs 3.56 crore ..read more
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99 Pancakes ventures into the café model
ET Retail » QSR
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4M ago
The pancake specialty QSR has entered the second new segment with its first café in Nasik after venturing into the FMCG segment ..read more
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Rage Coffee expands its QSR presence, partners with Keventers to launch cold coffee
ET Retail » QSR
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4M ago
In the past, Rage has partnered with Nirula’s and 99 Pancakes in similar menu engineering associations ..read more
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Quick service restaurants are fast expanding
ET Retail » QSR
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4M ago
Quick service restaurant chains in India are expanding their businesses and hiring more staff, despite some seeing subdued growth last quarter. Many of these chains are launching in tier-2 and tier-3 cities, where little competition exists in the food delivery space, as increasing disposable incomes enable new customers to explore and become hooked on QSR ..read more
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