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Tag: fastor food-tech startup

  • Top 9 Food Chains in India

    The food industry is adding up its contribution to the world food trade every year. The top food chains in India have emerged as one of the high-growth and high-profit sectors. It is due to its immense potential for value addition, especially within the food processing industry. It has contributed almost 8.80 per cent of Gross Value Added (GVA) in Manufacturing and 8.39 in Agriculture. It sums up about 13 per cent of India’s exports and six per cent of total industrial investment.

    Therefore, we can drop the shade on how much the top food chains in India are contributing to the food industry, as well as the economy. We all are aware of the presence of these food chains around us. So, let’s take a look at these food chains that are extremely popular in the country.

    Domino’s Pizza
    Pizza Hut
    Barbeque Nation
    Subway
    Barista Lavazza
    Cafe Coffee Day
    Burger King
    Starbucks
    Haldiram’s

    Domino’s Pizza

    For the pizza geeks out there, Domino’s is like a one-stop destination to find love. Founded in 1961 by Tom Monaghan and James Monaghan, Domino’s is an American multinational pizza restaurant that has extended itself to be one of the top food chains in India.

    In 1996, the first outlet of Domino’s was launched in New Delhi. Later, the franchise rights to Domino’s Pizza in India is owned by Jubilant FoodWorks Limited and its subsidiaries in 2011. Besides pizza, they also serve a few other sides and Italian dishes.

    Pizza Hut

    Pizza Hut is another food chain founded by Dan Carney and Frank Carney in the year 1938. It is another pizza seller brand that has been at the top and is an American multinational restaurant chain. A strong competitor of Domino’s Pizza, Pizza Hut has launched in India in 1996. Gradually it has branched itself into 430 outlets till now.

    It is further planning to double its store count to over 700 in the coming five years. The owner of the US quick-service restaurant brand, Yum! Brands India is the second-fastest-growing market for Pizza Hut. It has contributed in the April-June quarter, upto 22% system sales growth.

    Barbeque Nation

    Barbecue Nation is one of the most widespread food chains in India. The startup emerged in India in 2006 and has been phased popularly as “Let’s party at Barbeque Nation.” It was founded by Sajid Dhanani

    Barbeque Nation offers its customer a wide range of food mixed with special herbs and other spices. A few featured items from this place include Veg Keema, parantha, crispy corn, Cajun-spiced potatoes, mutton dishes, chicken Angra and so on. The brand is famous for serving a wide range of buffets to its customers.

    Subway

    Subway offers a variety of freshly baked bread with different sides that just spices up the tongue of the customers. It was founded by Fred DeLuca and Peter Buck in the year 1965 No one can deny the quality of the food is indeed very good at Subway. Apart from bread, Subway offers subs, salads, treats, and desserts and to add there are pepperoni sandwiches, ham, and salami too.

    Subway is considered to be the second-largest QSR chain in the country as counted by the number of outlets they have. After launching in India in 2001, gradually it aimed at growing its business further. Now it has become one of the most popular food chains in the country.

    Barista Lavazza

    Sterling Group sold Barista to Lavazza in 2007 and by 2009, it became a well-known food chain in India with 200 outlets. Coffee culture has become a thing all around the world, which made these cafes grow faster in pace along with their business. Barista Lavazza is one of the ultimate places that served exquisite Italian coffees.

    Meanwhile, Barista claims to bring new meaning to Italian coffee which is to be consumed in the Indian sub-continent. Apart from India, it has customers from Sri Lanka, Bangladesh, Maldives, Nepal and Myanmar.

    Cafe Coffee Day

    Talking about coffee, our country is equipped with other top food chains in India, Cafe Coffee Day. It’s the favourite hangout lounge for almost all generations of people, especially the young ones. Apart from a wide variant of coffee, they also offer chicken Cheeseburger, big crunch veg classic burger, hot brownie fudge, black forest cake, double shots coffee, and a never-ending list.

    Started their journey in 1996, the Chikkamangaluru based company, under the parent company Coffee Day Global. Currently, Cafe Coffee Day has around 1500 outlets, making it one of the top food chains in India. One of the finest arabica coffee bean producers in Asia now exports them to abroad as well.

    Burger King

    Burger King is a popular America-based burger joint. It is considered to be an absolute competitor of Mc Donald. It arrived in the year 1996 and has successfully set up 400 outlets in two decades. This has helped shape fast-food consumption in India, later making it one of the popular food chains in India.

    The outlets are available in all the major cities of the country. They are Bangalore, Mumbai, Chandigarh, Coimbatore, Kolkata and many other places. Along with a few burger meals and other combinations, they also offer King XL, cheeseburgers, bacon King Jr, a range of whoppers, and even crispy and curly fries. For their dessert sections, they offer Pancakes, Frappuccinos, Delicious Chocolate milk, ice creams and a few other things too.

    Starbucks

    A popular phrase to start with, someone once said that ‘Starbucks is not just a brand; it’s an emotion.’ It is yet to be justified how much it holds the emotion in its customised coffee cup. however, talking about its existence in India, teens are in love with their named being carved on the coffee cups. The brand has indeed worked a great deal to enhance its business to become a food chain that is popular and mighty.

    Widely known for its hot coffee Frappuccino, espresso, and freshly brewed coffee, it also serves other beverages like shakes, which are pretty popular too. The menu does not halt here. They also offer lip-smacking snacks like chicken Kathi, paneer Kathi roll, tandoori paneer. IT has also included other delicacies like cakes, croissants, and muffins.

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    Haldiram’s

    Starting with bhujiya and other mini snacks, Haldiram’s now offers full-fledged restaurants in big cities like Gurgaon, Mumbai, Delhi, Kolkata, Bangalore, etc. It is its reputation and food quality that summed it up to reach the top of the food business.

    It has been eight decades that Haldiram’s been functioning successfully running throughout the country. The Delhi and Nagpur based Indian sweets and snacks manufacturer has grown at a tremendous pace over the years. So much so, it has also been crowned as the country’s largest snack company in 2017.

    Conclusion

    For the food-geeks, these are some of the most famous food chains in India that will never let you down. Be it a party or a mood swing, you can easily grab any one of them and it will perfectly match your vibe at any time. Most of the companies even offer home delivery. Apart from that many food delivery websites deliver these items from these food chains to your doorstep.  

    FAQs

    Who founded Haldiram’s?

    Shivkisan Agrawal is the founder of Haldiram’s.

    How many stores of Pizza Hut are there in India?

    Pizza Hut has over 500 stores in India.

    Is Cafe Coffee Day an Indian brand?

    Cafe Coffee Day is an Indian brand founded in the year 1996.

  • Fastor – Contact-Less Modern Dining With Good Food

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Fastor.

    In today’s life, nothing can make you as content as a sumptuous meal can. And this food fever has hit the entrepreneurial world as well. Food has become the secret ingredient for success in life for many Indian food startups. Digitalizing the food startups is a transformation in the food and retail industry.

    That’s a no hidden fact that now every ‘cuisine connoisseur’ is taking hygiene as a serious concern before ordering their food or dining out in restaurants. Fastor is a food-tech startup offering its customers a new contactless dining experience amid this global pandemic.

    Company Highlights

    Company Name Fastor
    Headquarter New Delhi
    Founders Karan Sood, Anmol Wadhwani, Rajeev Sood
    Industry Retail Technology
    Founded 2019
    CEO Karan Sood
    Website fastor.ai
    Registered Entity Name Fastor7 Technology LLP

    Fastor- About & How It Works
    Fastor- Founders
    Fastor- How It All Started?
    Fastor- Name, Logo & Tagline
    Fastor- Vision & Mission
    Fastor- Products/Services
    Fastor- Target Market Size
    Fastor- Business & Revenue Model
    Fastor- Startup Launch
    Fastor- Challenges
    Fastor- Future Plans
    Fastor- FAQ’s

    Fastor- About & How It Works

    FASTOR is a Delhi-based food-tech startup that has now become a new normal to all food-lovers, by offering them contactless dining and keeping up with the hygiene factor. Fastor is the 1st AI- Enabled Self-Checkout Technology platform used for takeaway and dine-in at all food & retail places. Fastor has now become a new engaging experience that is going to change the user experience, and it is as simple as you can think.

    They have digitalized the offline stores by enabling QR-based ordering, and payment can be done online with available payment methods. Fastor is also trying to build a network of such food places & retails to provide a holistic end-to-end business experience. The Tech and the overall working of the company are handled by Karan Sood, while Anmol looks over the marketing. The current size of the organization is 10 people. The work culture is very youthful and diverse. They always look for new emerging young talent that has the ability to think out of the box and to contribute with their ideas and expertise in the company.

    Fastor- Founders

    Fastor was founded by a trio – Karan Sood (CEO), Rajeev Sood and Anmol Wadhwani (CMO).

    Fastor Founders | Karan Sood and Anmol Wadhwani

    Karan Sood (CEO) is an IT engineer from BPIT, GGSIPU, and entrepreneur from IIT Delhi. He holds an exceptional command over coding skills like React Native and Java for web and mobile. He is a visionary who launched a startup straight out of college after engineering with a zeal to move forward. He has been looking after the products at Fastor while he was swamped with work very early in life by submerging himself into his father’s business. He had created various innovations in his school like Solar AC which was highly acclaimed at both intra-school and inter-school levels.

    Anmol Wadwani is a BBA graduate and a Digital marketer. She is the Co-Founder and CMO at Fastor. She is also an exceptional digital influencer in Beauty, Lifestyle, and Fashion. She has established a dedicated reach of over 5 Lakh audiences monthly over various platforms. She has previously worked with CashKaro as Deals and promotion analyst before joining the Fastor startup. She is a budding YouTuber and is focused to help Fastor grow as a business with all her expertise in digital media.

    Since they came from extremely different backgrounds, but their love for food brought them all together with Fastor. On the advisory board, they have Mr. Rajeev Sood, with experience of over 25+ years in the corporate industry and Mr. Sanjay Sharma, an ex-Microsoft Country Sales Head with experience of 20+ years of working in renowned companies, heading the sales and marketing.

    Fastor- How It All Started?

    The Fastor company is a food-tech startup with a new engaging experience that is going to change the user experience, but it is as simple as you can think. Fastor is now offering its customers a way of contactless dining with health concerns at its top priority. While founders were from extremely different backgrounds, their love of food was like an epicure. And so they wanted to build a food startup, which stupendously grew within a month. Guess what, it was a college full of food enthusiasts that led this business to gain its customers every hour.

    At Fastor, the team is trying its best to leverage artificial intelligence in retail buying by enabling a very personalized experience for the buyers, along with providing business insights to their merchant partners. The main idea behind Fastor is to create an ecosystem.

    Fastor is not just offering its technology for the merchants and their customers but is also trying to build a growth platform that leverages the technology and is capable of driving new businesses for the merchants as well.

    Fastor- Name, Logo & Tagline

    Sometimes there are interesting stories around coming up with names and we can’t afford to miss it.

    Fastor Logo

    The name is short for Fast + ORdering= FASTOR. While giving a name to the product, the idea was to make it very clear that customers can order their food faster than ever. The bolt inside the Fastor logo depicts every user who uses Fastor to get the orderings or work done as fast as possible.

    Their tagline is

    What’s Future of Modern Dining: Fastor

    They go with an afire Acronym- F.A.S.T.O.R. Let’s see that:

    Fastor Acronym

    Fastor- Vision & Mission

    Fastor is the 1st AI-Enabled Self-Checkout technology platform used for takeaway and dine-in at all food & retail places. The vision of this product is to revolutionize the way food places and retail stores are operated. They wanted to solve the real-life problem of waiting in queues and inconsistent order processing at such locations. Fastor has been on a mission to digitalize the offline stores by enabling QR based ordering.

    The core belief of the team behind Fastor is to implement an efficient mechanism in retail by adding a new way to order and enhancing the customer experience to the next level. At the same time, Fastor is also trying to build a network of such food places & retails to provide a holistic end-to-end business experience.

    Long Term vision of Fastor is to revolutionize 21st century retail buying. They want digitalization to take over the hospitality and retail industry. Their short-term goal is to restart the current challenging markets by introducing contactless ordering in the hospitality & retail industry.

    Fastor- Products/Services

    Whenever anyone goes out to eat the next time, they don’t have to touch the menu or wait for a waiter. They simply have to sit at the table, and there are QR codes assigned to each table. Next would be to open a google lens or an iPhone scanner and scan the QR code. After scanning, they’ll get the whole dynamic menu of the food place on their phone. They don’t have to download any application for it, they simply can access the catalog and order through a web app. The customer can select the food items and take as much time to think about it that they want to order in the cart, and can directly pay using any digital payment method.

    They have Fastor Business which is another application where they can handle and process all their orders and take care of the workings of their food place.

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    Fastor- Target Market Size

    Fastor is now targeting the hospitality & retail industry. Since, India is one of the fastest-growing retail markets in the world, with 1.2 billion people. The retail industry has reached US$ 950 billion already.

    In the next 5-10 years, India is expected to become the world’s fastest-growing e-commerce market, driven by robust investment in the industry and a rapid increase in the number of internet users. Various agencies have high expectations about the growth of India’s e-commerce market.

    Fastor- Business & Revenue Model

    The Fastor Business model took off with its beta runs in October of 2019. Having tested their systems at high footfall locations, and they were ready for a full-scale launch by January 2020. Even with their first attempt at creating the market for this product, the response on the ground the company received was phenomenal.

    Fastor had done close to 5000+ orders by February 2020. They took the global pandemic lockdown as an opportunity for the team to scale the product. In fact, a global launch within this period is in the pipelines as well. The company is now starting its operations in the major world economies and Fastor is fully compliant to execute orders in international markets.

    Being a lean team, Fastor is looking to onboard over 2000+ new merchants in the next three months with a current rate of 20+ new onboardings per day.

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    Fastor- Startup Launch

    They launched the company in the most youthful market, that is colleges. Their pilot run was started in college cafeterias; where the students were extremely tech savvy and could relate to the product very easily. The best growth channel for any medium is word of mouth and this helped them to acquire their first 100 users.

    Fastor- Challenges

    The challenges to bring Fastor to life were immense. When they initially started to work on the idea, there were no benchmarks that the trio as young entrepreneurs could set for themselves in 2018. The product that they were setting out to create was original and unique. Thus, as innovative founders, they had to ideate as much as possible. The drive behind Fastor was palpable – all were young, energetic, and passionate.

    Fastor- Future Plans

    Fastor started with its beta runs in October of 2019. They tested their systems at high footfall locations and were ready for a full-scale launch by January 2020. Fastor had done close to 5000+ orders by February 2020. they are now initiating their operations in the major world economies with major global gateways and are fully compliant to execute orders in international markets. Fastor is always looking for young talent that has the ability to think out of the box and to contribute with their expertise in the company.

    Now, they are looking forward to onboard over 2000+ new merchants in the next three months with a current rate of 20+ new onboardings per day. Due to the ongoing pandemic, the business is on halt. Once the pandemic stables, the market will come back to normal.

    There are new emerging startups coming up in the market. Startups that are more customer focused and solve some underlying problems are the ones that are going to survive and thrive this competitive market. Feel free to write to us, give some feedback and comments on this emerging food-tech startup Fastor.

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    Fastor- FAQ’s

    What is Fastor?

    FASTOR is a Delhi-based food-tech startup and is the 1st AI- Enabled Self-Checkout Technology platform used for takeaway and dine-in at all food & retail places.

    How does Fastor work?

    There will be QR codes assigned on each table at restaurants and people will be able to scan them to get access to the restaurant menu and order off of it as well as pay digitally.

    Who is the Founder of Fastor?

    The three Fastor Founders are Karan Sood (CEO), Rajeev Sood and Anmol Wadhwani (CMO).