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Kitchenware brand Wonderchef is eyeing 23 per cent growth in revenue at Rs 400 crore in 2021-22 as compared to the previous year due to increase in upgradation of cookware following the pandemic, a top company executive said. "The COVID-19 related disruptions forced many people to enter their kitchen where they found the need to upgrade their cookware. "This increased the demand for Wonderchef products. Looking at the growth momentum, we expect to touch Rs 400 crore revenue in this financial year compared to Rs 325 crore during 2019-20," Wonderchef founder and managing director Ravi Saxena told PTI. With more and more young people entering the kitchen following the pandemic, there was a growth in demand for stylish, modern, healthy and convenient cooking appliances, which will drive the demand and help Wonderchef become a Rs 1,000 crore company in next five years, he said. The company, which manufactures its products through 65 vendors in India as well as overseas, is also targetin
ZFW Hospitality, a hyperlocal expansion platform for F & B & D2C brands, is entering Mumbai with over 50 dark kitchens & fulfillment centers for brands to expand in the western region.ZFW, which already partners with leading brands, has established a strong presence in Delhi-NCR with over 35 plus fulfillment centers. This expansion will help the platform scale up to the 100-store mark by August, before its Bangalore launch.Commenting on the development, Madhav Kasturia, Founder of ZFW said, "Mumbai is a very strategic move for us, as it's the third-largest market in India for Food Delivery & Hyperlocal E-commerce after Delhi & Bangalore. Most brands on their expansion trajectory prefer to cover the major metros as their first milestones before scaling to Tier-2s & Tier-3s as these are easy-to-access markets. We've been very selective in choosing the brands we support & currently have several on the waitlist for the Q3 cohort."As part of its ...