Arvind Nair, CEO of one of India’s leading South Indian cuisine chain, Sagar Ratna, has put in his papers. Sagar Ratna was operating under its investors India Equity Partners and Nair has quit due to tussle between investors and promoters.
Nair will be holding the post only until end of December 2013. According to promoters the investors have not been living upto their claims of building Sagar Ratna as a brand. While the investors claim that the promoter, Jayram Banan, has voilated the contract by opening a hotel chain, Shri Ratnam, thus destroying Sagar Ratna’s brand value.
JustEat.in, the Bangalore based food odering and table reservation venture, has raised third round funding. Though the company puts the amount as disclosed, but ensures it being the largest so far for them.
The funding led by JustEat Holdings, Forum Synergies and Axon Partners Group, will allow the venture to expand the team size, build a stronger network, accelerate growth and expand further in metros.
With the money raised, Forum Synergies and Axon Partners Group have bought a minority stake in the company, while the majority remain with UK-based Just Eat Holdings Ltd.
JustEat.in currently operates in Bangalore, Delhi (National Capital Region) and Mumbai, signed with 2,500 restaurants and 3 lakh registered users.
If Mexican food is your thing and you live in Bangalore, then we have news for you. Mamma Mexicana, a tex mex restaurant, opens at the 1 MG Mall in Bangalore. With authentic flavours assured, the space offers a complete Mexican look and feel to it, totally vibrant.
The restaurant offers a wide variety of Mexican cuisines including urrito with black bean made veggie style with rice, sour cream, pico de gayo, spicy salsa, sinfully loaded potato skin, crunchy taco with cheddar cheese, tortillas, and more.
The India based restaurant listing company, Zomato, has raised $37 million funds from Sequoia Capital as it expands its presence across Europe, South-East Asia, Australia and the America.
Zomato has been going places and now has launched websites in local dialects in areas including Jakarta (in Indonesian), Istanbul (in Turkish), and Sao Paolo (in Portuguese). Moreover, they have also opened operations in Durban, South Africa and Glasgow and Edinburgh in Scotland.
The US donut brand Dunkin’ Donuts opens its third outlet outside Delhi-NCR and Punjab, this time at Dehradun. Managed by the master franchisee, Jubilan Foodworks, the latest restaurant opened at the recently opened Pacific Mall in the city.
The restaurant will offer more than donuts, the menu including sandwiches, burgers, a wide range of beverages and more.
Celebrating the launch, the outlet ran special offer, wherein it gave away a year long free donut supply coupons to people who dined in on the launch day.
Dunkin’ has 18 restaurants across Delhi NCR, Chandigarh and Punjab.
The US based hamburger chain, Johnny Rockets will make an India entry by end of this year as a part of its franchise agreement signed with Prime Gourmet Pvt Ltd in March 2013.
The chain will open two stores by end of this year both in the NCR region. While one will open at the upmarket Select Citywalk (a must for all the first timers) and Ambience Mall, Gurgaon. The two names suggests that Johnny Rockets plans to operate more in the upmarket or premium segment of the market. Moreover, the same becomes obvious with the pricing of burgers which will range from Rs 275-Rs375 (any takers?). Johnny Rockets will further expand its reach to cities including Mumbai, Bangalore, Chennai, Chandigarh, Jaipur, Pune, Hyderabad and Kolkata. Continue reading What iGrow Thinks: Johnny Rockets to soon make India entry→
One of the leading coffee chains in the country, Costa Coffee, has launched its fourth store in Chennai, Besant Nagar. This is Costa’s fourth store in the city in less than six months.
The store is located at Elliot beach which one of Chennai’s most popular beaches and offers a beautiful view of the sea. The serene view of the sea clubbed with a cup of Costa’s fine coffee promise to make this place a favourite hangout zone amongst Chennai’s coffee lovers.
This new store is designed around three levels – ground, first and terrace and has the capacity to accommodate hundred people. Customers can get an equally magnificent view of the sea from the first level and the terrace. An open terrace with cool breeze blowing in the evening is just the right place to unwind over coffee after a hectic day.
With its international design aesthetic, the new store conveys a distinctly youthful vibe and a global verve in its look and feel. The store will serve over 25 varieties of hot and cold coffee and flavoured drinks along with a scrumptious range of snacks and food items from both the international range as well as a range customized to suit Indian tastes and preferences.
The tandoor flavours of Moti Mahal Tandoori Trail now goes overseas to Muscat in Oman. The business which is now nearly 93 years old and began in 1920 in Pakistan was later re-established in Delhi.
The outlet will bring to Muscat the ambrosial Tandoori Cuisine with a wide variety of glorious meats and fabulous flatbreads to choose from. Monish Gujral, the Managing Director of the chain, an author and chef has added a contemporary essence to the old dining experience along with robust flavours of North India. He also released his cookbook “On the Kebab Trail”.
“Moti Mahal is driven by the imperative mission of preserving the authenticity of true North Indian cuisine, with its trademark substratum of Punjabi-Pathani flavours. Through our expansion plans we intend not only to expand our empire, but extend the reach of the original north Indian flavors” said Gujral.
The ambience has a contemporary and charismatic charm to it. Adorned with photos and souvenirs of Moti Mahal’s culinary journey. The restaurant can seat a hundred and also has banquet halls. What more, one can even order in for a home delivery service.
Besides its signature butter chicken, Burra Kebab, Chicken Pakora, Chicken Tikka Achari, Its menu also caters to the vegetarian palate with equal choice from dishes such as Makhamali panir tikka, Makhani Panir, Dal Moti Mahal and Subz Sizzler etc. The Makhani section which includes dishes made of cream and butter gravy like Butter Chicken, Daal Makhani, and Paneer Makhani are a must have for those who haven’t yet discovered North Indian Cuisine.
Its one of the most surprising news in the retail industry in recent times as the parent company of McDonalds announces that Vikram Bakshi will no longer be the Managing Director of the North East JV of the fast food major.
According to reports, Bakshi’s tenure has ended 17th July 2013 and will no longer be the MD. Moreover, the operations will currently be taken care of by the international operations until “a new mananging director is appointed”.
While on the other hand, Bakshi informs that he will still be the Director of the company as he owns 50 per cent stake in the JV. It is also possible that Bakshi will move Company Law Board (CLB) and will not sell his stake either to the US partner or the second master franchisee Harcastle which currently owns complete stake in the South-West operations.
Reason: Expansion of number of stores did take place but unlike the other master franchisee. While in 2009-10 Jatia led operations had 78 stores, they now operate 166 stores, Bakshi led operations has only moved from 90 to 153 stores.