Jubilant FoodWorks Ltd., the largest QSR operator in the country and the market leader in the pizza segment, today announced the creation of a new digital team to spearhead the technology and digital thrust of the company, to be headed by Anand Thakur as its Chief Digital Officer.
Speaking on the announcement Mr Pratik Pota, CEO, Jubilant FoodWorks Limited said, “Earlier this year, we had unveiled our Strategy for Growth, as part of which we had identified Digital Transformation as a key pillar. Pursuant to this, we are creating a full-fledged Digital team that will look at improving our customer experience through upgrading our Digital assets, driving data analytics, improving our store technology and strengthening our digital marketing. I am delighted to announce that Anand Thakur will be joining us and leading this exciting growth agenda. Anand comes with a wealth of experience in Digital and Technology across different organizations. We are confident that Anand will be instrumental in helping us build a digital organisation which is agile & capable of delivering a smooth and seamless customer experience across all access points.”
Newly appointed Chief Digital Officer, Anand Thakur said, “I am thrilled to join an iconic company like Jubilant. The Domino’s brand has redefined the use of technology in the business of food delivery and with an interesting road ahead, I am excited to be part of its transformational journey.”
Currently, Anand is Chief Technology Officer with Koovs.com, an e-commerce platform and is also an ex-entrepreneur and a computer scientist with over 14 years of experience. He will be joining Jubilant FoodWorks Limited soon. Anand’s areas of expertise lie in ecommerce, application design and architecture, managing start-ups, software development and product management among others. He has previously worked with brands such as Lenskart, Adobe, Perot System and Infosys. He also had a brief stint as an entrepreneur with his venture EasyRation.
E-commerce platform, Flipkart is entering into the food retail segment with its new entity called Flipkart FarmerMart. This move will help the platform to directly compete with its rival Amazon in this segment. With an equity capital amount of Rs 1,845 crore, FarmerMart will be selling the produce locally.
“In line with the Government of India's FDI (foreign direct investment) policy, which allows 100 per cent FDI in food retail for food produced and manufactured in India, Flipkart is applying for the appropriate licenses from the government,” Kalyan Krishnamurthy, the company’s group chief executive officer, said.
“We’ve secured all internal approvals for the same already. We’re looking forward to invest more deeply in local agri ecosystem, supply chain and working with small farmers, farmer producers’ organisations (FPOs) and the food processing industry in India, helping multiply farmers’ incomes and bring affordable, quality food for millions of customers across the country,” Krishnamurthy said.
The Franchise India report had suggested that the online grocery market is expected to be worth Rs 2.7 billion by 2019. Walmart which already has cash and carry stores and connections with the farmers across the country will help Flipkart in running its new entity.
FMCG firm Hindustan Foods (HFL) said it will acquire the pest products manufacturing factory of Reckitt Benckiser India (RB) at Samba, Jammu as a going concern on a slump sale basis. Transfer of the unit from RB to HFL and start of operation by HFL will take approximately two months as HFL is required to complete all legal documentation.
Company said in a BSE filling “HFL is in the process of acquiring the factory as a going concern on a slump sale basis and also the leasehold rights over the factory from the State Industrial Development Corporation (SIDCO, J&K”.
HFL has also entered into a supply agreement on October 26 for supply of pest products to RB which will commence from closing date to be decided by the two parties.
Last December, company took over a Hindustan Unilever enterprise, Ponds Exports Ltd, engaged in leather business.
HFL MD Sameer Kothari said "We are confident of achieving a minimum top line of Rs 125 crore from this acquisition."
Swedish retail chain which is serving India for last 28 years, sourcing many different products for IKEA stores worldwide, earlier this year announced opening of its first IKEA restaurant in Hyderabad.
The group which is known for its restaurants globally for serving specialty foods, is planning to open 25 outlets by 2025.
IKEA’s first sore will be operational from December 2017, going forward to Mumbai in next six months.
“The restaurant in Hyderabad will be 1000 seater restaurants with 50 per cent Swedish and 50 per cent global menu,” shares Henrik Osterstrom, Country Food Manager, IKEA.
Today we source products for approximately €315 million every year, with the aim of doubling it in the next few years to meet our global and Indian needs.
With an USP to sere Swedish specialties, IKEA would focus on serving healthy and sustainable food in a clean environment.
“We will enter Bengaluru after six months of opening in Hyderabad and then Mumbai,” adds Henrik.
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