Bohri Kitchen To Open Its Outlet In Bandra

Devyani International that went public on 4^th August and whose shares were up for sale till 6^th August was subscribed a whopping 116.71 times on the closing day of subscription on Friday.

The largest franchisee of Pizza Hut, KFC, and Costa Coffee in India, Devyani’s Rs 1,838-crore IPO received bids for 13,13,77,91,700 shares against 11,25,69,719 shares on offer, as per NSE records.

The qualified institutional buyers' (QIB) category was subscribed 95.27 times, non-institutional investors' 213.06 times and retail individual investors' segment 39.51 times.

The initial public offer (IPO) had a fresh issue of up to Rs 440 crore and an offer for sale of up to 15,53,33,330 equity shares. Devyani set a price range of Rs 86-90 per share.

It also announced on Wednesday that it has mobilised Rs 825 crore from anchor investors.

The three-day initial share sale opened for subscription on Wednesday and was fully subscribed on the first day itself.

An associate of RJ Corp, the largest bottling partner of PepsiCo, it has interests in the Indian retail F&B sector.

Kotak Mahindra Capital Company, CLSA India, Edelweiss Financial Services and Motilal Oswal Investment Advisors were the managers to the offer.

The largest franchisee of Pizza Hut, KFC, Devyani International Ltd (DIL), has filed a draft red herring prospectus (DRHP) with Securities and Exchange Board of India (Sebi) to raise nearly ₹1,400 crore through an initial public offering (IPO).

According to DRHP, the offer comprises a fresh issue of ₹400 crore and an Offer of Sale of up to 125.33 million equity shares by Investor Selling Shareholder, Dunearn Investments (Mauritus) Pte. Ltd, a wholly owned subsidiary of Temasek Holdings and Promoter Selling Shareholders, RJ Corp Ltd.

Devyani International is led by Ravi Kant Jaipuria who is also promoter at RJ Corp and Virag Joshi, President & CEO, Devyani International.

Devyani also operate Costa Coffee chains in India. It opened 109 stores across its core brand business in the last 6 months.

In FY21 DIL's business from the core brands (India & Internationally) accounted for 94.19% of its revenues from operations and delivery sales represented 70.20% of the said revenues, an increase from 51.15% in FY20. Between March 2019-2021 the core brand stores saw a CAGR growth of 13.58% from 469 stores to 605 stores and the company attributes its success and continuous growth effort to its 9,356 employees, reported Mint.

Kotak Mahindra Capital Company Ltd, CLSA India Pvt Ltd, Edelweiss Financial Services Ltd, Motilal Oswal Investment Advisors Ltd are the investment bankers to the issue.

Smoothie chain brand Drunken Monkey concludes the financial year with 100 plus outlets in 50 plus cities.

One of the fast-growing smoothie chains of India that delivers the best blended natural-fruit smoothies, smoothie bowls, and juices in over 200 special combinations has clocked a turnover of 60 crores in 2020-2021.

"Beverages always had the upper hand in the food industry and during the pandemic the consumers have started to rethink their choices in terms of it and move towards healthier options. We are completely healthy not only in beverages categories but mostly in the entire F&B because our smoothies and smoothie bowls are completely natural without any adulterations,” shared Samrat Reddy, Founder and Managing Director at Drunken Monkey.

Also Read: Drunken Monkey Eyes Retail, Aims at Entering Supermarkets

The brand plans to expand to the length and breadth of the country with a major focus in the North India.

During the pandemic, Drunken Monkey has also launched Flying Monkey Foundation that inspires people to embrace life by feeling beautiful, young, and full of energy.

Founded by Samrat Reddy, Drunken Monkey is present across India in cities like Delhi, Noida, Ludhiana, Chattisgarh, Jaipur, Bhubaneshwar, Hyderabad, Chennai, Bangalore, Kochi, Trivandrum, Mumbai, Pune, Kolkata, Nagpur, Ahmedabad, Surat, Vizag, Vijayawada, Pondicherry, Guwahati, Jabalpur, Nellore, Madurai, Trichy, Rajahmundry, Vellore, Tirupati, Coimbatore, Guntur, Nizamabad, Warangal, Palakad, Kakinada, Indore.

US-based Inspire Brands that owns Arby’s Restaurant announced that it is buying Dunkin' Brands, owner of the Dunkin' donuts and Baskin-Robbins ice cream chains.

The deal will happen for $8.8 billion.

Including debt, the transaction will rise to $11.3 billion, shared a statement.

Started in 1950 in Massachusetts, Dunkin is known for its variety of donuts as well as its coffee and breakfast sandwiches. Whereas, Baskin-Robbins is famous for its 31 flavors of ice creams.

Also Read: Dunkin’ Donuts to permanently shut 800 outlets in the US

The two brands account for more than 20,000 distribution points in more than 60 countries.

A former subsidiary of the Allied Domecq group, Dunkin' Brands was bought by the French wine and spirits group Pernod Ricard in 2005 and sold a year later for $2.4 billion to three investment funds: Bain Capital, Carlyle and Thomas H. Lee.

By adding Dunkin', Inspire Brands will have a total of more than 31,600 restaurants, with combined sales of $26 billion and 600,000 employees.

Inspire Brands was founded in 2018 under the umbrella of private equity firm Roark Capital.

Inspire also owns the Arby's, Buffalo Wild Wings, Sonic Drive-In and Jimmy John's restaurant chains.

द. अफ्रिकी मीडिया दिग्गज नैस्पर्स, संगठित क्षेत्र को सेवाएं देने वाले तकनीक-आधारित स्टार्टअप हंगर बॉक्स में $12-15 मिलियन निवेश की तैयारी कर रहा है। नैस्पर्स फ़ूड-डिलीवरी फर्म स्विग्गी में सबसे बड़ा हिस्सेदार है। 

संदीपन मित्र द्वारा संस्थापित हंगर बॉक्स, संगठित क्षेत्र में कैफेटेरिया संचालन का अंकीकरण और प्रबंधन करने के लिए तकनीकी हल देता है, अन्न सुरक्षा और अनुपालन की देखरेख करता है और अपने मंच पर विक्रेताओं को प्रशिक्षित करता है। 

दी सेबर पार्टनर्स और लायनरॉक कैपिटल द्वारा समर्थन-प्राप्त कंपनी हर दिन 200,000 से अधिक ऑर्डर्स दर्ज करती है। वह वर्तमान में मुंबई, दिल्ली - एनसीआर और बेंगलुरु समेत 10 शहरों में 70 से अधिक क्लाइंट्स को सेवा पहुंचा रही है। 

हंगर बॉक्स 2018 के अंत तक 350,000 से अधिक दैनिक ऑर्डर्स की आशा करता है। अगस्त में, कंपनी ने 250 करोड़ रुपये की वार्षिक आय को पार कर लिया है। 

मित्र ने कहा, "हमने 10,000 से अधिक कार्यबल के 11 भारतीय कॉर्पोरेट फर्म्स (आईटी, आईटीईएस, बीपीओ, केपीओ आदि) को पहचान लिया है और अगले 6 महीनों में हम उन सबको हंगरबॉक्स के मंच पर ले आएँगे।"

South African media giant Naspers is planning to invest $12-15 million in HungerBox, a tech-enabled corporate catering startup. Naspers is the largest shareholder in food-delivery firm Swiggy.

Founded by Sandipan Mitra, HungerBox provides technology solutions to digitise and manage corporate cafeteria operations, undertake food safety and compliance, and curate vendors on its platform. 

The Sabre Partners and Lionrock Capital-backed firm records over 200,000 orders per day. Having over 70 clients, the firm is presently operating in 10 cities including Mumbai, Delhi-NCR, and Bengaluru.

HungerBox is expecting over 350,000 daily orders at the end of 2018. In August, the company crossed Rs 250 crore in annualised revenue.

Mitra said, “We have identified the top 11 Indian corporate firms (across IT, ITeS, BPO, KPOs, etc) with a workforce of over 100,000 and in the next 6 months, all of them will be on Hungerbox’s platform.” 

Food ordering and delivery platform Swiggy expanded its services to Chandigarh and has tied up with over 250 restaurants in the city.

The startup, which has gained a substantial market share and was last valued at USD 400 million when Naspers led a USD 80-million investment in May, said it will soon expand to neighbouring cities Mohali, Panchkula and Zirakpur.

The restaurants partnered include legendary eateries, trendy cafes, ice cream parlours and national and international Quick Service Restaurants (QSRs) in the city.

Swiggy Vice President Marketing Srivats TS said “The restaurant scene here is a perfect mix of traditional and fast-food, making it a food lover's paradise.  Foodies in the city can enjoy food from the finest neighbourhood restaurants on Swiggy”.

The company has more than 20,000 restaurant partners across eight cities in the country including Mumbai, Delhi- NCR, Bengaluru and Chennai.

Singapore FMCG firm Food Empire Group has acquired an 80% stake in Positive Food Ventures’ ice tea brand Brewhouse. While the company did not share details on the financials of the deal, the acquisition was made for Rs 4 crore according to sources aware of the transaction.

The acquisition will enable the Food Empire Group to enter the Indian market through the iced tea market as also bring in its own products across beverages, finger foods, snack foods and more. The 7 month old Delhi-based company is looking to use the capital to increase its production capacity and expand its geographical reach.

The acquisition will see the Food Empire Group invest further capital in Brewhouse over a long term as it expands its India portfolio. Brewhouse which is backed by Dheeraj Jain of Redcliffe Capital, offers 3 variants of ice teas, having sold 70,000 bottles across various QSR outlets in and around Delhi since its launch.

Siddhartha Jain, MD of Positive Food Ventures said “Currently, the company has one production unit in Delhi and is in talks to set up 2 more in Noida and Chennai through partnerships with third party manufacturers. We hope to get our manufacturing units ready by January. We want to expand to Bangalore and later Mumbai.”

With the new production centres helping to boost volumes, Brewhouse is looking to widen its reach across the QSR chain in newer markets while also enable sales through online e-commerce marketplaces starting February.

Dheeraj Jain Managing Partner at Redcliffe Capital who backed Brewhouse at the early stage said “We believe the ice tea category has the potential to reach Rs 500-600 crore in sales in a few years. As the first-mover and market creator of this particular niche, we plan to capture the lion’s share of this volume.

The Food Empire Group first entered India in 2012-13 with a $30 million greenfield investment in an instant coffee plant in Andhra Pradesh, a 100% export oriented unit. Its Brewhouse acquisition will enable a direct channel for the group’s India entry over the next year.

RP-Sanjiv Goenka (RP-SG) Group has set a target on making Too Yumm its home-grown FMCG food product a Rs 1,000crore brand, by 2018-19. If Too Yumm can achieve this feat then it would become one of the few FMCG brands to touch Rs 1,000crore figure in the shortest time. In order to make Too Yumm one of the fastest-growing FMCG food brands, the Rs 21,000crore group, with interest in power, retail to sports, has roped in Team India captain Virat Kohli to endorse the high-end snacks, being projected as ‘guilt free’ food.

Sanjiv Goenka the chairman of RP-SG Group said “its foods business, which the group started seven months back, has already crossed Rs 100crore mark. The group’s other food brand E-Vita came via acquisition four months back. Too Yumm is priced at Rs 10, 20 and Rs 40 while E-Vita which is positioned as ‘sabse sasta’ (cheapest) snacks is priced at Rs 5. Both the brands are now available in 50,000 outlets and in next three months will be available in 1.5 lakh outlets. The group’s food business has started generating an average revenue of Rs 15 crore per month and from March this year, it could be Rs 30 crore taken together both the food brands. We are growing exponentially and hope to grow at 25% making them one of the fastest-growing brands in FMCG space”.

In 2017-18, the group is hoping that the foods business will cross Rs 500 crore mark and by FY19, it would be much bigger with Too Yumm alone crossing Rs 1,000 crore figure.

Elaborating the future plans, Goenka said “it is planning a slew of launches under both these brands in the next few months. We shall launch three more products in January itself. The group is looking at both organic and inorganic options for growth. it clear that the group has no plans to enter non-food FMCG business in the next one year.”

Cybiz Super Brands signed a Master Franchise agreement with Molecule Air Bar for opening 10 franchise outlets in two Years. Currently located in Gurgaon, Molecule Air Bar serves food in objects which is symbolic of a chemistry lab, menu cards in the form of memorabilia from the Second World War, ceiling lights made to look like the structure of a molecule.

“We are very excited to be partnered with Cybiz Super Brands for our Expansions, we have started the brand with an idea to expand pan India says,” Manish Sharma, Founder, Molecule Air Bar. It’s been almost six months Molecular Air Bar has been started.

The first phase of expansion would be Mumbai, Pune, Hyderabad, Indore, Chandigarh, Bangalore, Kolkata, Dubai and NCR. The Franchise model will be FOCO model (Franchise Owned & Company Operated). “The Franchise will get the entire training and detailed operations manuals for smooth operational flow and the format are such that it’s an easy entry for food and beverage business aspirants,” says Puneet Verma, Director Cybiz Super Brands.

A sister concern of Cybiz Corp, Cybiz Super Brands specializes in franchising mainly in the Food and Beverages industry and Retail. Cybiz Super Brands has the Master Franchising rights of various brands like Café Out of the Box and Boom Box Café . Apart from this, the company also represents several national brands like The Embassy & The Chatter Hub.