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Wow Momo Foods in 2021 emerged as the most valued homegrown QSR brand in India with a valuation of ₹1,225 crores. [8] The Company has grown its foothold completely with company operated outlets; it does not have any franchise plans as of now. As per Fintrackr’s estimates, Wow! Momo in 2022 raised fresh investment in Series D round at a ...
Australia's fast-food market began in the late 1960s and early 1970s, with the opening of several American franchises including KFC (1967),Pizza Hut (1970), and McDonald's (1971), [24] [25] followed by Burger King. However, the Burger King market found that this name was already a registered trademark to a takeaway food shop in Adelaide. [26]
Craveable Brands Ltd (formerly known as Quick Service Restaurant Holdings) is an Australian fast food restaurant holding company. It owns the franchise chains Red Rooster , Oporto , Chicken Treat and Chargrill Charlie’s brands with 620 restaurants throughout Australasia and Southeast Asia.
Goli Vada Pav is an Indian fast food restaurant chain originated from Mumbai, Maharashtra, India. It was founded in 2004 as a vada pav restaurant by Venkatesh Iyer. [ 3 ] It currently operates in over 100 cities with over 300 stores.
As of 2003, India's retailing industry was essentially owner staffed small shops. In 2010, larger format convenience stores and supermarkets accounted for about 4 percent of the industry, and these were present only in large urban centers. India's retail and logistics industry employs about 40 million Indians (3.3% of Indian population). [7]
The fast food industry in India has evolved with the changing lifestyles of the young Indian population. [citation needed] The variety of gastronomic preferences across the regions, hereditary or acquired, has brought about different modules across the country. Many of the traditional dishes have been adapted to suit the emerging fast food outlets.
In the last 10 years, the revenue in FMCG industry in India has been growing at the rate of 21.4%. [2] There was a drastic change in revenues in FMCG sector growing from US$31.6 billion to US$52.8 from 2011 to 2017-2018 respectively. [3]
An earlier franchisee of Burger King, the Guptas, on their visit to London, realised that fast food could also work in India. Vada pav was their first idea, as the food had to be portable. [ 4 ] In 2001, the Guptas opened their first restaurant at Malad , with an initial investment of ₹ 2 lakh (US$2,300), which they borrowed from his family.