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Induction cooktops sold out on Amazon, quick commerce apps amid LPG cylinder shortage
Induction cooktops are selling rapidly on ecommerce and quick commerce platforms after a shortage of commercial gas cylinders sparked panic buying. Products are now unavailable on Amazon, Zepto, Swiggy and Blinkit in major cities. The LPG supply pause has also forced restaurants and cloud kitchens to shut or scale down operations.
Cloud kitchen firms cut losses to cook up healthy numbers
India's cloud kitchen startups achieved revenue growth and reduced losses in FY24 by managing expenses. However, high inflation may impact margins this fiscal year. Rebel Foods, Curefoods, Biryani by Kilo, and Freshmenu showed significant improvements. Zomato and Swiggy's food delivery GOV also grew, with a positive industry outlook despite rising costs.
FreshMenu earmarks funds for expansion, scaling sub-brands
FreshMenu founder and chief executive Rashmi Daga said the platform will expand its cloud kitchen units as well as launch new private labels.
Firms look for ways to keep home-based staff engaged
From virtual parties to food delivery, firms are going all out to fill the void left by water cooler conversations and cafeteria lunches.
On path to making profit this year: FreshMenu
FreshMenu founder Rashmi Daga said the company had also managed to rationalise shipping costs, which had been one of the major spends for the startup.
Oyo in talks to acquire FreshMenu for $60M
The move will help Oyo standardise its food experience across hotels, an initiative that has internally been in the works for more than a year, said one of the sources.
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FreshMenu opens talks with PEs to raise $75 million
FreshMenu, which counts Lightspeed Ventures and Zodius Capital as investors, is looking for a valuation of $250 million in the Series C round against a $50 million valuation in the Series B round in 2016.
Freshmenu fails to inform users of data breach; firm’s decision not fully unreasonable, say experts
The incident from July 2016 was brought to light this week by data breach-tracker HaveIBeenPwned.com.
OYO Rooms founder & millionaire Ritesh Agarwal tries to grin and beard it in life!
Here is why this top boss always sports a beard.
ET 40 Under Forty: FreshMenu founder Rashmi Daga wants a ‘diamond’ collection
The top boss would like to have a 40-piece collection of diamonds.
The pressure to perform as a woman is much more: Rashmi Daga, Founder, FreshMenu
We have a lot to lose if we keep worrying so let's stop worrying and achieve more," said an elated Daga on winning the ET Startup Award in the ET-Facebook Woman Ahead category.
ET Startup Awards 2018: FreshMenu founder Rashmi Daga wins ET-Facebook Woman Ahead
Rashmi Daga’s vast experience across industries has equipped her to build FreshMenu as a formidable food-tech brand
Why it takes time to get food delivery just right
After a funding rush in 2015, the food tech sector slowed and a number of players fell by the wayside. Among the few that survived and flourished was Bengaluru-based Freshmenu, founded by Rashmi Daga in 2014.
Cloud kitchen cos offer better spread vs food aggregators
While food aggregators such as Swiggy lost more than what they made, the story has been a tad tastier for cloud-kitchen players. Sample this. For every Re 1 that Swiggy earned, it lost Rs 1.5 in FY17 but players such as Box8 and FreshMenu earned Rs 2.7 and Rs 1.8 for each rupee spent, respectively.
Here's how Freshmenu's revenue grew by a whopping 124% this year
Much of the investment is being funnelled to fuel growth within existing markets so as to further boost its 13,000 orders per day mark.
Freshmenu opens first front-facing kitchen, targets 2x revenue growth in FY18
"In the last 6 months, we have doubled our footprint in Mumbai, opened a lot more kitchens. In this last month alone, we have opened 5 kitchens including the one at the Bengaluru airport."
Indian tech startups get a space in Google's Sand Hill
Google is deepening its engagements with startups here to find a potential high-growth winner.
Rashmi Daga, founder of FreshMenu, tells us what makes Bengaluru her favourite city
Rashmi loves the fact that the city is forever buzzing with new ideas and beliefs.
Click & book a restaurant, you may get a discount too
Food delivery apps like Swiggy and FreshMenu brought gourmet to the doorstep. Now, dining reservation apps like Dineout Plus and EazyDiner, want to take people back to restaurants.
FreshMenu to whip up 2 brands for wider spread
We are definitely contemplating a separate brand altogether for pizzas, said Rashmi Daga, Founder of FreshMenu.
Online firms play corner store role, supply products of daily need
As currency runs dry in ATMs and banks across the country, many startups use the opportunity to make their service mainstream and essential.
Equity Crest's Deepak Gupta revives old memories by tuning into the rock music of 60's
Gupta uses apps like Freshmenu, Charlie, Uber & loves his iPhone 5C. He also loves to travel to France along with his kids.
Jiyo Natural acquires food delivery company Sangeetha Aahar
"After the acquisition, we will be delivering around 2,700 meals a day and aim to reach close to 4000 in three months", said Jayas Damodaran,MD, Jiyo Natural.
FreshMenu raises Rs 110 crore in new round of funding
The deal values the startup at around Rs 300 crore ($45 million) according to two people with knowledge of the development.
Funding slowdown takes a toll on food-tech startups like Eatlo, FreshMenu, Frsh
Eatlo, FreshMenu and Frsh do not have money to sustain operations beyond a few months as they are unable to raise fresh rounds of funding.
Food tech companies like FreshMenu and Box8 ramp up apps for growth
Food-technology companies FreshMenu and Box8 are focusing heavily on mobile-apps to increase sales and customer experience.
Innovative food delivery startups like FreshMenu, iTiffin cash in on demand
As opposed to a brick-and-mortar restaurant, an "internet-only restaurant" like FreshMenu eliminates massive costs such as real estate, service and air-conditioning.
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