Yum Restaurants India is expected to exit quick service restaurant giant Devyani International by selling a 4.4 per cent interest in a block sale on Wednesday, according to media reports. Yum Restaurants expects to raise around Rs 815 crore from the deal, it said. The floor price for the sale has been set at Rs […]
Earnings for the Indian poultry companies improved in H1 FY2024 but commodity inflation could disrupt the momentum in H2, the rating agency Icra has said. The rating agency has maintained its revenue growth expectations at eight to ten per cent for the domestic poultry industry in FY2024. “This will be driven by significant volume expansion […]
Tipping Mr Pink, the parent company of the QSR brand, Burger Singh, has secured an undisclosed amount in a pre-Series B funding round, elevating its valuation to a robust USD 52 million. This funding round was led by Turner Morrison, with notable participation from Homage Ventures LLP – Office of Aditya Ghosh and a strong […]
The family-run business, which has a history dating back to the 1930s, is actively accelerating its growth initiatives by exploring potential acquisitions within the healthy snacking market. Neeraj Agarwal, who serves as the director of Haldiram’s Foods, mentioned to a media house that there is a possibility of an announcement regarding this within the current […]
The Burger Company (TBC), a burger brand, announced its foray into the vibrant culinary landscape of Nepal with a master franchise agreement. Founder Neelam Singh expressed her enthusiasm regarding the expansion into Nepal, aiming to introduce the affordable casual dining experience in a unique Quick Service Restaurant (QSR) format, laden with rich and diverse Indianized […]
Chai Sutta Bar (CSB), a Quick Service Restaurant (QSR) tea chain opened its 500th outlet in Mumbai. The newly launched outlet is situated at 8/B, Sahyadri, S.V. Road, Malad (W), Mumbai – 400064. Expressing his enthusiasm on this momentous occasion, Anubhav Dubey, Co-Founder and CEO of Chai Sutta Bar, stated, “We are incredibly proud to […]
To mark World Environment Day 2023, Westlife Foodworld, owner and operator of McDonald’s restaurants in West and South India will progressively install rooftop solar panels on one-third of its new restaurants in FY24. This move is part of the company’s goal to increase the use of renewable energy., according to an official statement. In the […]
India-based global entrepreneur Teja Chekuri has acquired nine US Dunkin franchisees for USD 18,000,000 via their company Golden Horn Group. Dunkin’ Donuts (DD) LLC, also known as Dunkin is an American multinational coffee and doughnut company. The Dunkin brand currently operates 13,000 franchisees worldwide. Nine of these are in Sharon, Hanover, Weymouth, Braintree, Quincy in […]
