5 Key Takeaways if you are Planning to Raise Funds

The India Foodservice Market size is estimated at 77.54 billion USD in 2024, and is expected to reach 125.06 billion USD by 2029, growing at a CAGR of 10.03%, according to reports.

And, with more and more people wanting to try out new things, experiment around food, we have seen lots of exciting brand entering the food and beverages landscape. Not only this, this is pushing the growth of the food and restaurant business in India that is estimated to grow three times bigger in next few years, inviting more and more investors to take a bigger pie of the business.

Restaurant India recently hosted its Mumbai Edition of the Restaurant India Investment & Development Summit where top restaurant, food brands and investors came together to discuss what’s happening at the restaurant funding sector. 

Here are 5 Key takeaways for any restaurant owner planning to raise funds: 

? Irrespective of the size, type and format of a restaurant, SOPs are non-negotiable. They not only bring in more efficiency and optimise resources but also manage costs effectively. 

? Standardisation in the industry is a tough nut to crack but once SOPs are set, leave room for a little flexibility that takes into account location, culture and people and adapt it accordingly. 

? Urbanisation across India will lead to the next boom in F&B. In the next 10 to 15 years, the face of rural India is also going to change as the government of India aims to build 100 smart cities and 6500 urban towns in the next 10-15 years giving rise to an upswing in lifestyles and spending power. 

? Capital can be raised for a concept in several different ways. Earning and reinvesting profits is one way and getting investors in place to ease the initial struggle could be another. However, I am partial to the first route as it gives you more flexibility in choosing an investor and increases the possibility of running the brand on your own steam. 

? The next big markets for F&B exploration will be Sri Lanka and Bangladesh which we need to keep an eye out for.