Key Points
Calcutta operator Speciality Restaurants is in advanced talks for its first set of acquisitions, Anjan Chatterjee, chairman of Speciality said, adding that the listed company has set aside a corpus of Rs 125 crore for M&As this calendar year..
On the other hand, Rebel Foods, owner of Faasos and Mandarin Oak, is preparing for an initial share sale early next year, the first cloud kitchen company to go public...
"India's young population is a key growth driver for food services now - that's going in our favour; data says younger people are dining out or ordering in a lot more," said Rohit Aggarwal, director at Lite Bite Foods, which operates Asia7 and Street Foods of India restaurants..
"Food services is a high growth potential sector, with socio-economic reasons such as significant increase in the numbers of nuclear families with more incomes, as well as people preferring established brands over unorganised ones - a trend that took off during the pandemic and has since stayed," Chatterjee said.. Sagar Kochhar, co-founder of Peak XV-backed Rebel Foods, which also runs food court format EatSure along with its cloud kitchen network, said the company is accelerating expansion across each of its brands...
A January report by Wazir Advisors, a consulting firm, said India's organised food services sector is outpacing the growth of the unorganised sector, riding on the influx of new brands and strong investor interest...
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