Restaurants

Restaurant app peAR raises Rs 4.2 cr in funding for business expansion

Company uses augmented reality to enable users to visualise dishes before ordering

Jubilant plans to grow Popeyes India network to 250 restaurants in 5 years

US fried-chicken chain Popeyes made its debut in India with the opening of its first restaurant in Bengaluru in January 2022, followed by rapid expansion to 12 restaurants in Bengaluru

When it comes to eating and feasting, Indians go vocal for local

Regional tastes, local flavours and grandma's recipes draw food lovers to restaurants

India's first glass igloo restaurant in Jammu and Kashmir's Gulmarg

Tourists can be seen enjoying their meals and taking photographs in this glass-wall restaurant

Once science fiction, lab-grown meat coming to US restaurants this year

Executives at cultivated meat firms are optimistic that meat grown in massive steel vats could be on the menu within months after a company won the go-ahead from a key regulator

Jubilant FoodWorks lines up Rs 900 cr capex plan for next 12-18 months

In a regulatory filing, the company said capex of Rs 900 crore would be funded entirely through internal accruals over a period for 12-18 months

Speciality Restaurants hits new high ahead of EGM; zooms 41% in one month

On December 21, the board approved an issue of 6 million warrants, each convertible into 1 equity share of the company at a price of Rs 212.05 to allottees other than promoters

A culinary tour of the Chinese diaspora

From the Arctic to Africa to the Amazon, perseverance, economic pragmatism and resourcefulness bind the lives of Chinese immigrant restaurateurs all over the world and inspire their disparate menus

Speciality Restaurants soars 20% in 2 days; hits record high in weak market

In past six months, the stock has rallied 122 per cent, as against 12 per cent rise in the S&P BSE Sensex.

Delhi LG eases licensing norms; bars in 5&4-star hotels to operate 24x7

All restaurants in 5-star and 4-star hotels in Delhi will now be allowed to operate round-the-clock, according to the new licensing norms aimed at boosting the national capital's night economy. Lieutenant Governor V K Saxena, had in November, set up a high powered committee to ease and facilitate license requirements for restaurants/eateries, and directed it to examine the existing regulations and suggest ways of expediting the licensing processes. After the submission of the report by the committee, it took several rounds of meetings to finally concretise the liberalised regulations, officials said. These will now be sent to the National Informatics Centre (NIC) to bring about necessary changes in the new application undertaking and uploaded on the MHA licensing portal. "This is expected to be done in the next three weeks, and come January 26, entrepreneurs in the national capital will be able to avail of this new progressive, business-friendly and liberalised licensing regime in

Where's the New Year's party? It's everywhere, across restaurants & resorts

The party scene started with the FIFA World Cup; it continued into Christmas; and is expected to reach a crescendo on New Year's Eve

Restaurants pull out the masks and gloves to keep new Covid wave at bay

Sanitisers find their way back at entry points; Christmas and New Year bookings sold out, no cancellations so far

Speciality Restaurants surges 14%, nears 52-week high on fund raising plan

The company's board will meet on Wednesday, December 21, 2022, to consider and evaluate proposals for raising of funds by way of issue of equity shares or any other eligible convertible securities.

137 orders every minute: Swiggy reveals India's favourite dish in 2022

Swiggy's top customer was in Bengaluru, making a single order of Rs 75,378 placed during Diwali in October

Westlife eyes almost 3-fold sales growth in 5 yrs, to add 300 McDonald's

Westlife Foodworld, the master franchisee of McDonald's restaurants for West and South India, is looking for an almost three-fold jump in sales up to Rs 4,500 crore in the next five years by 2027, mainly on the back of network expansion, omnichannel approach, according to company officials. As part of network expansion, Westlife Foodworld will add around 300 McDonald's restaurants in the next five years, in which 60 per cent of the new stores are likely to be in the southern region and the rest in the western zone, said the company in its 'Vision 2027'. The company, which through its subsidiary Hardcastle Restaurants operates 337 McDonald's restaurants (as of September 30, 2022), has already commenced the work on the next 200 stores. "Westlife Foodworld's vision 2027 is strategic guidance for our road ahead. We see doubling our sales to (Rs) 40-45 billion in the next 5 years on the back of adding around 300 restaurants by 2027," said Westlife Foodworld Executive Director Akshay ...

Investment in agri tech startups jumps 2-fold to $4.6 billion in FY22

Investment in technology startups in the agriculture and food sector jumped over twofold to USD 4.6 billion during the last fiscal on the back of higher inflow in restaurant marketplace and e-grocery, according to a report by AgFunder and Omnivore. "Total investment in agrifoodtech startups for India's fiscal year (FY) 2022 stood at USD 4.6 billion, up 119 per cent from FY2021. Deal volume also increased to 234 in FY2022 as compared to 189 deals in FY2021," according to the report titled 'India AgriFoodTech Investment Report 2022'. AgFunder is foodtech and agtech venture capital firm, while Omnivore is a venture capital firm, based in India, which funds entrepreneurs building the future of agriculture and food systems. "Downstream investments continue to boost overall funding into the agrifoodtech space. Downstream startups raised USD 3.8 billion in FY2022, a 115 per cent increase from USD 1.77 billion in FY'2021. This significant growth is due to Swiggy which raised USD 1.2 billion

Tim Hortons plans to open 120 stores in India in next three years

Canadian restaurant chain Tim Hortons plans to open around 120 stores in India in the next three years at an investment of up to Rs 300 crore, a top company official said on Monday. The chain, which had in August opened its first outlets in India, is initially focussing on North India and will later expand to other regions. "The commitment that I made to the board is in the first 36 months of operation, in the first three years, there'll be 120 stores (in India)," the company's India CEO Navin Gurnaney said here in an interaction on the sidelines of Indian Restaurant Congress 2022. The company could exceed the target as the first year is focussed on "building the foundation" with 20 new stores followed by another 50 new stores in the following 12 months, he added. This, he said, will be followed by another 60 new stores in the third year. All these stores will be company-owned, he said, adding the "investment per store is between Rs 2 crore to Rs 2.5 crore". At present, Tim Horto

Delhi restaurants, hotels can now serve food in open spaces; Details here

Under the new rules, restaurants will not be asked to present a no-objection certificate from the fire department for allowing dining on the terrace

Barbeque-Nation Q2 net profit rises 143% to Rs 7.09 cr on dine-in rebound

Domino's Pizza's India franchisee Jubilant FoodWorks Ltd on Tuesday reported a 10% increase in quarterly profit on dine-in demand

Cost inflation overhang set to hit Jubilant FoodWorks in near term

The stock was down 7.55 per cent in trade on Wednesday and ended at Rs 566.45 per share