As part of our initiative to my mailing list of over 1500 foodpreneurs, we share the new updates in a week. This week we had much action in the Food Business Space. Here it goes –
1) Restaurants switching permanently to delivery will find it difficult to survive
We will see more competition in cloud kitchens that is certain. Restaurants will operate dine-in, delivery, and readymade products, which will be the future. Restaurants switching permanently to delivery will find it difficult to survive. It will not be a case of every cloud kitchen doing well. Only serious players who understand the technology and scale will survive and thrive. Scalability and good technology play an important role in cloud kitchens.
2) Contactless Ordering – the New Normal for dine-in restaurants
The quintessential restaurant experience in India has changed in the time of covid-19. Many restaurants, particularly expensive ones have contactless ordering in place when you sit down for a meal. This means you no longer have to wave or call out to busy waiters and you cannot pay in cash. A simple QR code scan will do the job.
3) Home Chefs in a soup with FSSAI Compliance; Food Business owners hail the decision
Possibly among the last-ditch efforts for survival, hotels and restaurants have pleaded the Modi government for soft loans even as the hospitality sector has failed to scale back beyond 30 per cent of the pre-Covid level so far.
4) Hospitality industry freed of licence raj in Mumbai
In a boost to the tourism sector in Maharashtra and to attract more investments, the Maharashtra cabinet on Wednesday approved the ease of doing business policy, bringing down the number of licences required to start a venture in the hospitality sector to 10, instead of the earlier 70. With a significant decrease in permissions and licenses, it would boost the sector, bring in more investment and subsequently increase employment opportunities.
5) Zomato to raise $146 million as part of Series J funding
Zomato is set to raise around $146 million (Rs 1,085 crore) as part of its Series J funding round from a clutch of investors, including Mirae Asset, Steadview Capital, Luxor Capital Group, Lugard Road Capital and ASP India, regulatory filings sourced from business intelligence platform Tofler showed.
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