EP 4 - How this biryani delivery startup grew revenue from Rs 86 lakh to Rs 48 Cr in 4 years
Founded by Kaushik Roy and Vishal Jindal in 2015, Gurugram-based Biryani by Kilo aims to grow to 150-plus outlets across India in the next four years and expand to international destinations. Swiggy’s annual report on the country’s food ordering habits revealed that Indians ordered an average of 95 biryanis per minute, or 1.6 biryanis per second, in 2019. Analysts say foodtech may continue to bear the brunt of the coronavirus pandemic, with people staying away from restaurants and food outlets. Around 30 percent of smaller dine-in and delivery outlets might not survive this crisis. However, COVID-19 does not worry the founders. A report by Google and Boston Consulting Group (BCG) says the appetite for food ordering is set to rise with India’s online food ordering market expected to grow at a compound annual growth rate of 25-30 percent to touch $7.5- $8 billion by 2022. Read more at: https://yourstory.com/2020/06/foodtech-startup-biryani-by-kilo-growth Follow us on Social Media: Facebook: www.facebook.com/yourstorycom Instagram: www.instagram.com/yourstory_com Twitter: www.twitter.com/YourStoryCo YouTube: www.youtube.com/yourstorytv Write to us: podcast@yourstory.com This story was originally reported by Vishal Krishna on 26th Jun 2020 with edits by Teja Lele Desai. Hosted by Julius Sharma!
