KFC
Rapido’s gross order value soars 2.5x in FY25 to $1.25 billion
Urban mobility startup Rapido more than doubled its gross order value to $1.25 billion in FY25, driven by new services. However, rising cash burn has pushed it further from profitability. Rapido is now preparing to enter food delivery, hiring from rivals and engaging with major QSR brands and cloud kitchens.
10 years ago he dreamt of participating in MasterChef India. Today he sponsors it. Shark Tank judge Viraj Bahl's journey will inspire you
Viraj Bahl, once a Merchant Navy engineer, traded stability for his culinary passion, facing initial restaurant failure before founding Veeba. Identifying a gap in the Indian market for high-quality sauces, he secured crucial deals with major brands like Domino's. Veeba's revenue reached Rs 811 crore, establishing it as a leading homegrown brand after overcoming initial hurdles and family business sale.
WWE Raw Monday results, highlights: CM Punk vs Seth Rollins, Jey Uso vs Gunther, check all winners ahead of WWE Saturday Night's Main Event
CM Punk marked his highly-awaited return to the ring in this week's Monday Night Raw, which went live from the KFC Yum! Center in Kentucky's Louisville. The event saw multiple face-offs and intense matches, ahead of the WWE Saturday Night's Main Event. Here are the major highlights from this week's WWE Raw.
WWE Monday Night Raw Live stream: Start time, matches, fight card
WWE Monday Night Raw on May 12 will be exciting as it sees several highly-anticipated events, including CM Punk’s long-awaited return.
Buy Sapphire Foods India, target price Rs 365: JM Financial
JM Financial maintains a Buy call on Sapphire Foods, setting a target price of Rs 365, citing attractive valuations despite near-term demand challenges. Sapphire's revenue grew 13% YoY, driven by KFC and Sri Lanka businesses, while Pizza Hut faced headwinds. The brokerage has revised its EBITDA estimates downwards due to weak demand and slow SSSG recovery.
Fintechs’ expansion play; Doubling down on Apple
Happy Monday! New-age fintech AMCs are establishing a niche in a market dominated by banks and traditional wealth managers. This and more in today’s ETtech Morning Dispatch.
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Swiggy Food CEO Rohit Kapoor sees Bolt as core future offering
Swiggy is banking on its 10-minute food delivery service, Bolt, to boost growth and market share in the food delivery sector, despite Zomato's exit from a similar venture. Bolt contributes 12% to Swiggy's food delivery volumes, with the company highlighting improved user retention through the platform. However, increased spending on quick commerce has widened Swiggy's net losses.
Franchisee ad row hurting sales: Sapphire CEO
A disagreement between Pizza Hut's major Indian franchisees, Sapphire Foods and Devyani International, has led to a halt in joint advertising efforts, impacting sales. Sapphire Foods reports a decline in transactions due to the advertising pause, stemming from differing views on marketing strategy and investment effectiveness. Resolution of the dispute is expected to take one to two quarters.
Swiggy suspends hyperlocal delivery service Genie across multiple cities
Swiggy has paused its Genie service in multiple cities. This pickup-and-drop service is currently unavailable in major locations. Swiggy cites operational constraints as the reason. The company is working to restore the service soon. This suspension follows the expansion of Swiggy's Bolt service. Bolt promises 10-minute delivery. Swiggy's financial results for the March quarter are due on May 9.
Swiggy shares jump 6% as Bolt expands to 500 cities, Zomato exits 10-minute delivery
Swiggy shares: Launched in October 2024, Bolt delivers ready-to-eat meals from partner restaurants within a 2-km radius, with a promised delivery time of just 10 minutes. The service now contributes to over 10% of all orders on the Swiggy platform and has onboarded more than 45,000 restaurants.
He could not crack NEET. But what his father did next melted thousands of hearts
A NEET aspirant's post went viral on JEENEETards after failing the NEET 25 exam. The father cheered him up with pizzas. Netizens were touched by the father's gesture. Another user shared a similar experience of getting chili chicken after a bad exam. NEET is the only entrance test for medical programs in India.
Brands may see reruns of the 14-year-old’s eye-popping performance — but will they ‘Tendulkar’?
Vaibhav Suryavanshi's success mirrors startups disrupting established markets. Minimalist was acquired by HUL. Mamaearth faces legal issues with Lakme. Campa Cola's relaunch challenges Coca-Cola and PepsiCo. The Postcard Hotel inspires IHCL and ITC to launch similar concepts. Airbnb and Spotify thrive by filling market gaps. Failures like BluSmart and Dunzo offer lessons.
Swiggy’s Bolt expands to 500 cities as Zomato scraps 10-minute delivery
Backed by a network of over 45,000 restaurant partners, the service has seen strong traction across metros as well as Tier II and Tier III cities, Swiggy said in the filing. Swiggy added that Bolt is also proving to be a strong user acquisition and retention lever, with new users acquired via the format showing 4-6% higher monthly retention than the platform average.
Food delivery can be cheaper if we have access to consumer data: NRAI’s Sagar Daryani
Daryani said that the marketing funnel can be much better if the customer data is known to the respective brands.
Zepto founders’ debt; Rapido’s food delivery ride
Happy Monday! Zepto founders are raising funds through structured debt ahead of the company’s IPO. This and more in today’s ETtech Morning Dispatch.
Rapido likely to run food delivery pilot in Bengaluru soon
Bike taxi platform Rapido may roll out the pilot programme for its food delivery service in Bengaluru in the coming weeks, sources told us. Rapido is targeting major restaurant chains and is in discussions with franchise operators of McDonald's, KFC, and Pizza Hut, along with other high-volume quick-service and cloud kitchen chains.
CPRL to double McDonald's store count to 600 by 2030, to invest up to USD 150 mn in expansion
Connaught Plaza Restaurants, McDonald's master franchisee for north and east India, is planning a significant expansion, investing up to $150 million over the next three to four years. The company aims to increase its store count to 300 by year-end and double it subsequently, reaching 500-600 stores by 2030.
Devyani International buys 80% in Biryani by Kilo for Rs 419 crore
Devyani International Ltd (DIL) has acquired an 80.7% stake in Sky Gate Hospitality, the parent company of Biryani by Kilo, for Rs 431.31 crore. This acquisition includes other brands like Goila Butter Chicken and The Bhojan, adding 100 outlets across 40 cities to DIL's portfolio.
Swiggy has put an end to the Biryani debate and the best is not from Hyderabad or Kolkata
Swiggy Restaurant Awards 2025 has declared Delhi's Bikkgane Biryani as serving the best biryani in India. The awards, based on public voting across 130+ cities, recognized culinary excellence in various categories. Chulha Chauki da Dhaba won for North Indian cuisine, while A2B - Adyar Ananda Bhavan secured the South Indian title.
Pizza meets Biryani! Devyani International acquires IITian's Biryani By Kilo for Rs 420 crore
Devyani International has announced the acquisition of an 80.72% stake in Sky Gate Hospitality, known for brands like Biryani By Kilo, in a Rs 419.6 crore deal. The acquisition, partly via share issue and cash, will strengthen Devyani’s premium dining and delivery footprint.
Devyani International to acquire 80.72% stake in Sky Gate Hospitality for Rs 419.6 cr
Devyani International Ltd (DIL) is set to acquire up to 80.72% stake in Sky Gate Hospitality for Rs 419.6 crore, incorporating brands like 'Biryani By Kilo' and 'Goila Butter Chicken'. This acquisition aims to enhance DIL's presence in the Indian cuisine segment, adding traditional flavors to its existing portfolio of QSR chains like KFC and Pizza Hut.
BluSmart faces audit; Ather's investor gains
BluSmart’s board has appointed Grant Thornton to audit the cash-strapped company’s financials. This and more in today’s ETtech Top 5.
Finally, deals back on the menu for QSRs, cafe chains
India's QSR and cafe industry is experiencing a resurgence in deal activity, fueled by recovering demand and evolving consumer preferences. Several homegrown chains like Mad Over Donuts and Theobroma are securing funding from PE investors. Major players are expanding, with Devyani International acquiring Biryani By Kilo and Jubilant FoodWorks prioritizing customer acquisition and store expansion.
Devyani International to acquire majority stake in 'Biryani by Kilo'
Devyani International Ltd (DIL), a major franchisee for KFC, Pizza Hut, and Costa Coffee, plans to acquire a controlling stake in Sky Gate Hospitality, the operator of 'Biryani by Kilo'. The board meeting is scheduled for April 24, 2025, to approve the deal, which includes issuing equity shares to cover the acquisition cost.
KFC-operator Devyani International to buy Biryani by Kilo, shares jump 4%
Devyani International, a QSR operator of KFC and Pizza Hut, plans to acquire Biryani by Kilo, causing its shares to rally. Emkay Global upgraded the stock to buy, citing potential value creation from the acquisition and possible growth in India. Sky Gate Hospitality, operating Biryani By Kilo, has seen substantial revenue growth.
Pakistan police arrest 160 people over spate of KFC attacks
In Pakistan, KFC restaurants have faced a series of 20 attacks by mobs, resulting in one employee's death and numerous arrests. Islamist parties have targeted the American fast-food chain due to perceived US support for Israel in the Gaza conflict, leading to protests, property damage, and threats against staff.
₹99 espresso shot takes on Starbucks and Tim Hortons in India
Indonesian coffee chain Kopi Kenangan, valued at over $1 billion, has entered the Indian market, launching its first outlet in Delhi. The company aims to be a lower-priced alternative to global giants like Starbucks and Tim Hortons, targeting students and young professionals with affordable options starting at ₹99. Kopi Kenangan plans further expansion into Mumbai and Bengaluru.
Bangladesh on powder keg as Islamists take centre stage
Bangladesh faces potential instability under the interim regime, marked by the release of militants, arms looting, and open displays of extremist ideologies. Large-scale protests against Israel, spearheaded by Islamist groups like Jamaat-e-Islami, have targeted international brands and Indian leadership. These groups, allegedly supported by Pakistan's ISI, are accused of undermining Bangladesh's secular values, impacting neighboring West Bengal.
Brushing just got crispy: KFC’s fried chicken toothpaste hits market and immediately sells out as fans go wild
KFC has launched a limited-edition fried chicken-flavoured toothpaste in collaboration with Hismile, inspired by its famous 11 herbs and spices. The fluoride-free formula promises fresh breath and long-lasting oral benefits. Priced at $13, the quirky product quickly sold out online, though a matching electric toothbrush is still available.
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