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> Retail inflation jumps to 17-month high of 6.95% in March

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EXCLUSIVE


MCDONALD'S INDIA TO DISPLAY ALLERGEN & NUTRITIONAL INFO FOR ENTIRE MENU

McDonald's India (West and South) has also eliminated artificial colours,
artificial preservatives and artificial flavouring from select food items, said
a statement issued by the Quick service restaurant (QSR) chain on World Health
Day.

 * PTI
 * April 07, 2022, 14:59 IST

 * 
 * 
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 * 
 * 
 * 
 * 
 * 

Quick service restaurant McDonald's India (West and South) on Thursday said it
will now also display Allergen & Nutritional information for the entire menu of
in-store and on McDelivery app to enable customers to make the right food
choices.

McDonald's India (West and South) has also eliminated artificial colours,
artificial preservatives and artificial flavouring from select food items, said
a statement issued by the Quick service restaurant (QSR) chain on World Health
Day.

"McDonald's believes that consumers should have easy access to nutritional
information to help them make informed food choices. Consumers today have not
only become conscious of what their food contains but also about what it doesn't
contain.



"Hence, to bolster the trust of consumers in the brand, McDonald's is creating
more awareness about the components of its food by highlighting its progressive
movement towards Clean Labels," said a statement.

Products like McSpicy Fried Chicken, Chicken Nuggets, Veg Nuggets, Chicken
Strips, Hashbrowns and Hotcakes now have no added colours, flavours or
preservatives.

"The iconic McDonald's fries and all patties are free of any artificial
preservatives, colours or flavours," it said.

Westlife Development operates a chain of McDonald's restaurants in Western and
Southern India, having a master franchisee relationship with McDonald's
Corporation USA.

Commenting on it, Westlife Development Director Smita Jatia said: "We have been
working relentlessly to enhance the nutritional profile of our food. As we go
forward, we are committed to adding more products to our menu that give our
consumers more."



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EXCLUSIVE


INFLATION BITES: FAST FOOD PRICES UP 5-10%

Eating out or ordering in? Be prepared to shell out more as restaurants and fast
food chains across India are opting for a price hike on the back of spiralling
inflation.

 * Rupali Mukherjee
   &
 * John Sarkar
 * TNN

Click Here to Read This Story
 * 
 * 
 * 
 * 
 * 
 * 
 * 
 * 

Mumbai/New Delhi: Eating out or ordering in? Be prepared to shell out more as
restaurants and fast food chains across India are opting for a price hike on the
back of spiralling inflation.

Most quick service restaurants (QSRs), including Dominos, Pizza Hut and KFC,
have implemented price hikes over the last month, while others are about to. The
average increase in the menu ranges between 5% and 10%.

“We are trying to make sure that inflation doesn’t hit our margins,” a senior
executive at one of India’s largest fast food chains told TOI. “But at the same
time, we have to retain consumer interest. While we are passing on part of
increasing costs to consumers, we are trying to lock in prices from our
suppliers on the basis of long-term volume commitments.”



The restaurant industry has been hit by increase in fuel, freight and energy
costs, as well as by higher food grains, edible oil and chicken prices. They
have also been impacted by higher wage bills.

“Even if you can have some control over certain things, such as your alcobev
portfolio, utility costs like electricity and gas are something that you cannot
predict,” said Rahul Singh, founder & CEO of The Beer Cafe. “I was just working
out price increases in my menu.”

Similarly, Nitin Saluja, founder at Chaayos, told TOI that he may hike prices by
5-6%. “In 2019, prices of cardamom that we use shot up from Rs 1,400 to Rs
4,500. We didn’t increase our prices then. But currently, everything, including
dairy and paper for packaging, has gone up. We have no option.”

Jubilant, which holds the franchise for Domino’s Pizza outlets, has taken a
price increase of around 5% recently, after a near 4-5% in December.

The hike in food menus in certain cases has come after over two years. Saddled
with lockdowns, restrictions and curtailed timings due to Covid, last two years
have been tough for the industry, with low footfalls and lacklustre business.

Yum Brands, with quick-service chains Pizza Hut and KFC, has increased prices up
to 10%, with a lower hike of around 3% for Pizza Hut. KFC had taken a marginal
price increase of 1.5% across its menu in November 2021.



While consumer responses to price hikes are difficult to estimate and will also
vary across brands, analysts at ICICI Securities said relatively premium QSRs
should have a lower impact on volumes, while value-focused brands like Burger
King may potentially find it difficult to pass on a double-digit price hike.


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EXCLUSIVE


AFTER ZOMATO, OLA PILOTS 10-MIN FOOD DELIVERY; SWIGGY MAY EXPLORE FASTER
DELIVERIES TOO

Ola has begun offering select food items in certain parts of Bengaluru within 10
minutes through its quick commerce grocery delivery arm Ola Dash. Items on the
menu include khichdi, pizza and rolls, which Ola described as “freshly
prepared”.

 * Mugdha Variyar
   &
 * Apoorva Mittal
 * ETtech

Click Here to Read This Story
 * 
 * 
 * 
 * 
 * 
 * 
 * 
 * 

Bengaluru/Mumbai: After restaurant aggregator Zomato said it planned to test
10-minute food delivery last month, rival Swiggy and ride hailing firm Ola are
following suit.

Ola has begun offering select food items in certain parts of Bengaluru within 10
minutes through its quick commerce grocery delivery arm Ola Dash. Items on the
menu include khichdi, pizza and rolls, which Ola described as “freshly
prepared”.

Swiggy is also exploring faster food delivery, though it isn’t clear if it is
targeting delivery in 10 minutes.



Interestingly, Ola will use the facilities of food robotics startup Mukunda
Foods, which recently picked up $5 million from Zomato for a 16.66% stake.

Mukunda Foods has clients across top cloud kitchens as well as standalone
eateries and will play a key role in fuelling Zomato Instant, the company’s
10-minute food delivery service.


Mukunda Foods chief executive Eshwar Vikas said the company did not have an
exclusivity clause with Zomato and was working with all three firms.

The company makes machines that it says reduce cooking time by 20-50% for
Chinese and Indian dishes.

Swiggy has also held talks with Mukunda Foods to use its smart robotic equipment
to automate food preparation in its cloud kitchens for some of its private
labels, Vikas said.

According to sources, Zomato has already taken one food station in Gurugram live
for making 10-minute food deliveries within a small set of users.

A company spokesperson, however, said it had not yet gone live but is expected
to do so soon.

Zomato has ordered several machines from Mukunda Foods for about 15-20 “cooking
facilities”. The average cost of a machine is about Rs 1.5 lakh.

Zomato Instant is piloting across four locations in Gurugram starting this
month.



The move, announced by chief executive Deepinder Goyal, was criticised for
allegedly putting pressure on delivery partners and forcing them to drive
dangerously. Goyal, however, denied this was the case, saying Zomato would use
algorithms that predict demand levels, and robotics to deliver food in 10
minutes.

ET was the first to report about Zomato's 10-minute delivery ambitions on March
22.

Ola confirmed that it had been piloting 10-minute food delivery for a while.

Swiggy did not respond to ET's queries.

Both Swiggy and Ola previously tried shorter delivery times for cooked food
during the first quick commerce boom in 2015-16.


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EXCLUSIVE


DELHI LIKELY TO HAVE FOOD TRUCK POLICY BY JULY: SOURCES

Delhi is likely to have its first food truck policy by July, a move that is
aimed at strengthening the night-time economy and promoting the food and
beverages industry, the sources said.

 * PTI

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Representative ImageNew Delhi: Delhi is likely to have a food truck policy by
July, a move that is aimed at strengthening the night-time economy and promoting
the food and beverages industry, official sources said on Friday. The
announcement about the policy was made in the budget for the financial year
2022-23 by Delhi Deputy Chief Minister Manish Sisodia on March 26.

The government had then said it would provide land for cloud kitchens, redevelop
major food hubs, and bring in a food truck policy in the national capital.

Chief Minister Arvind Kejriwal on Friday held a meeting to review the progress
made on the budget and to expedite implementation of schemes to provide 20 lakh
jobs in the next five years.



Delhi is likely to have its first food truck policy by July, a move that is
aimed at strengthening the night-time economy and promoting the food and
beverages industry, the sources said.

The policy is expected to also include "gourmet offerings and unique food
concepts," they said.

The move is also aimed at generating employment, the government had said
earlier.

Presenting the budget, Sisodia had said the government was preparing a policy to
allow food trucks to operate at designated places in the city from 8 pm to 2 am.

"This will strengthen the night economy of Delhi and create new employment
opportunities," Sisodia had said.

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EXCLUSIVE


CLOUD KITCHEN COMPANY REBEL FOODS ACQUIRES MAJORITY STAKE IN CHOCOLATE BRAND
SMOOR

This acquisition comes on the back of the company’s recent announcement to
invest USD 150 million in investing and acquiring promising food brands.

 * ETRetail

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New Delhi: Cloud kitchen unicorn, Rebel Foods today announced that it has
acquired a majority stake in chocolate brand Smoor, strengthening its
Thrasio-style portfolio - Rebel Launcher.

This acquisition comes on the back of the company’s recent announcement to
invest USD 150 million in investing and acquiring promising food brands.

“We are excited about adding Smoor to our catalog of brands with its leadership
in high-quality chocolates and desserts offerings,” said Raghav Joshi,
co-founder of Rebel Foods.



“This investment gives us further confidence that we have been able to
consistently choose outstanding brands. Being an early adopter of the Thrasio
model in food in India, we have disrupted 500 years old industry of the
traditional restaurant business, by building a full-stack technology-enabled
platform - Rebel Operating System,” Joshi added.

Launched in 2011, Rebel Foods is home to brands such as Faasos, Behrouz Biryani,
Ovenstory Pizza, Slay Coffee, and more. It claims to have over 450 cloud
kitchens across 70 plus cities.




REBEL FOODS PLANS $150 MILLION INVESTMENT TO ACQUIRE, SCALE NEW FOOD BRANDS

The investment pool will be used in the next few quarters, to scale up existing
and new partnerships with around 40+ Indian and international brands.

See More Details

Commenting on this investment, Vimal Sharma, CEO of Smoor said, “With Rebel
Foods’ investment, we are set to make deeper inroads into the global market,
introducing new and exciting confectionaries in multiple, accessible formats. We
look forward to the growth that will unfold on the back of this development.”

With this investment, Smoor aims to register 3X times growth in 2022-23, read
the press release.

Launched in 2015, Smoor makes luxury chocolates along with other products such
as cakes, desserts, and beverages. It claims to have grown over 120 per cent
since last year and is looking to achieve USD 100 million annual revenue by
2026. In the future, Smoor aims to strengthen its physical presence in 9 cities
and accelerate its omnichannel presence.


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EXCLUSIVE


COFFEE DAY DEFAULTS RS 480 CRORE ON LOAN REPAYMENT, SECURITIES

In a regulatory filing, the company said it has defaulted Rs 224.88 crore on
repayment of loans or revolving facilities like cash credit from banks and
financial institutions, along with default in interest amount for the same at Rs
5.78 crore. Also, there has been a default of Rs 200 crore on payments of
unlisted debt securities -- non-convertible debentures and non-convertible
redeemable preference shares, Coffee Day Enterprises said.

 * PTI

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Coffee Day Enterprises Ltd on Wednesday said it has defaulted a total of Rs
479.68 crore on repayment of loans and unlisted debt securities in the quarter
ended March 31, 2022. In a regulatory filing, the company said it has defaulted
Rs 224.88 crore on repayment of loans or revolving facilities like cash credit
from banks and financial institutions, along with default in interest amount for
the same at Rs 5.78 crore.

Also, there has been a default of Rs 200 crore on payments of unlisted debt
securities -- non-convertible debentures and non-convertible redeemable
preference shares, Coffee Day Enterprises said.

The default on the payment of interest of the debt securities was Rs 49.02 crore
in the quarter, it added.



Coffee Day Enterprises had reported a consolidated net profit of Rs 18.80 crore
for the third quarter ended on December 31, 2021. It had posted a net loss of Rs
110.41 crore in the corresponding period of the preceding fiscal.

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EXCLUSIVE


SWIGGY INSTAMART EXPANDS FRUITS, VEGGIES SEGMENT IN COIMBATORE

"As a service that brings the widest choice of grocery and other essentials to
the doorsteps of consumers in minutes, Swiggy Instamart has quickly grown to
become the platform of choice for users in Coimbatore," Swiggy Instamart senior
vice-president Karthik Gurumurthy said.

 * PTI

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Chennai: Food aggregator Swiggy on Wednesday said it is expanding fresh fruits
and vegetables segment under Swiggy Instamart to serve customers in Coimbatore.
Swiggy Instamart is looking to take onboard more local fruit and vegetable
vendors under this initiative, a company statement said.

The grocery service was launched in Coimbatore in August 2021. To meet the
demand, Swiggy Instamart already has few partners in the region, it said.

"As a service that brings the widest choice of grocery and other essentials to
the doorsteps of consumers in minutes, Swiggy Instamart has quickly grown to
become the platform of choice for users in Coimbatore," Swiggy Instamart senior
vice-president Karthik Gurumurthy said.



"We are constantly looking for ways to increase the choice and quality of fresh
produce available to our users. We will be furthering our commitment to onboard
more local vendors, including certified organic farmer produce organisations and
farmers who can now reach tens of thousands of customers on Swiggy and grow
their business," he said.

Swiggy Instamart has over 4,000 unique products in categories such as instant
food, beverages, cleaning essentials, grooming besides fruits and vegetables.

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EXCLUSIVE


FOOD-DELIVERY APPS ZOMATO, SWIGGY FACE OUTAGE DUE TO TECHNICAL ISSUES

Users took to microblogging site Twitter and said the app was not functioning
and they were unable to place orders.

 * ETtech

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Food-ordering apps Zomato and Swiggy were down on Wednesday afternoon coinciding
with the lunch time rush when order numbers typically see a bump up.

Users took to microblogging site Twitter and said the app was not functioning
and that they were unable to place orders.



> @zomatocare @zomatocare What is this? I have 2 orders But i am not able to
> track both of them Very bad service Do s… https://t.co/5EilmdtyO5
> 
> — Rohit Sharma (@RohitSh58436052) 1649234078000


"Something went wrong! Please try again."




> Wow, looks like @swiggy_in and @zomato appear to be having technical issues at
> the same time. https://t.co/xz3cFn7V6L
> 
> — Sivakaminathan Muthusamy (@rsiva229) 1649233873000


Replying to a customer's complaint, Zomato Care acknowledged the outage and
apologised for the inconvenience.

"Hi there, we are facing a temporary glitch. Please be assured our team is
working on this and we will be up and running soon," Zomato said on Twitter
acknowledging the issue.



> @RohitSh58436052 Hi there, we are facing a temporary glitch. Please be assured
> our team is working on this and we w… https://t.co/IfwE0uiQjg
> 
> — zomato care (@zomatocare) 1649234902000


Another user said, "Order from your favorite restaurant be like on swiggy No
option for adding it to cart"

Swiggy responded to the user saying," We apologize for the long delay we are
currently facing due to a technical glitch. This is not usual with us and our
best minds are working on it to resolve it at the earliest. Please bear with
us."



> @suyashvaidya1 We apologize for the long delay we are currently facing due to
> a technical glitch. This is not usual… https://t.co/1WKlh1lhlj
> 
> — Swiggy Cares (@SwiggyCares) 1649235732000



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EXCLUSIVE


BOLLYWOOD ACTOR VARUN DHAWAN INVESTS IN CUREFOODS; BECOMES THE FACE OF FLAGSHIP
BRAND EATFIT

Dhawan’s investment in Curefoods coincides with the launch of its multi-brand
D2C food ordering platform that provides direct access to popular brands under
Curefoods.

 * ETtech

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Bengaluru: Curefoods, which cloud kitchen company housing brands like EatFit,
Frozen Bottle, CakeZone, and Great Indian Khichdi, has secured funding from
Bollywood actor Varun Dhawan and inked a long-term association with him, making
him the brand ambassador for EatFit - a brand under Curefoods.

Dhawan’s investment in Curefoods coincides with the launch of its multi-brand
D2C food ordering platform that provides direct access to brands under
Curefoods. The platform will also allow food subscription options, especially
for its healthy food brands, which customers can consume multiple times a month.

Ankit Nagori, founder of Curefoods said, “Having Varun Dhawan with Curefoods as
an investor too adds another level to our association with him. His belief in
our capabilities and vision really encourages us further to scale greater
heights. We are excited to have him on board right around the time of our D2C
platform launch and hope that we can make greater headway in the industry
together,”



Commenting on the development, Varun Dhawan, said: “I strongly resonate with
Curefoods and Eatfit's mission to provide access to multiple food categories
while featuring healthy options. As such, I am beyond excited to endorse Ankit
and his team as an investor and brand ambassador. I can't wait to show the
audience some of the great campaigns we have in the works.”

Curefoods has most recently announced the acquisitions of Frozen Bottle and
south India franchise rights of Sbarro. It also raised $62 million in funding in
January 2022 from the likes of Iron Pillar, Chiratae Ventures, Sixteenth Street
Capital, Accel Partners, and Binny Bansal.


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EXCLUSIVE


WILL COMPLY WITH CCI DIRECTIVES, SAYS ZOMATO

The order to investigate the alleged malpractices comes against the backdrop of
complaints made by the National Restaurants Association of India (NRAI), which
welcomed the CCI’s move.

 * John Sarkar
 * TNN

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NEW DELHI: Food delivery company Zomato on Tuesday said that it intends to
“promptly comply” with the recommendations of the Competition Commission of
India (CCI) a day after the antitrust watchdog ordered a probe against alleged
anti-competitive practices by Zomato and its rival Swiggy.

The order to investigate the alleged malpractices comes against the backdrop of
complaints made by the National Restaurants Association of India (NRAI), which
welcomed the CCI’s move.

“In the absence of a sustainable solution, NRAI filed information with CCI on
July 1, 2021 highlighting the concerns and issues related to the functioning of
food aggregator platforms which should ideally operate as a neutral market
place,” the NRAI said in a statement. “NRAI looks forward to a positive outcome
of this investigation which will pave way towards providing a level playing
field for all stakeholders in the ecosystem. ”





COMPETITION COMMISSION TO PROBE ZOMATO, SWIGGY FOR ALLEGED UNFAIR BUSINESS
PRACTICES

Both Zomato and Swiggy operate as major intermediary platforms in the food
delivery space, underscoring their market power and ability to adversely as well
as appreciably affect the level playing field, the Competition Commission of
India (CCI) said.

See More Details

In its complaints, the NRAI accused Swiggy and Zomato of masking consumer data
apart from charging exorbitant commissions from restaurant partners. In
addition, it alleged that the two players with a combined marketshare of 95%,
indulge in deep discounting, use their own cloud kitchens to churn out “private
labels” and use biased listing to promote preferred restaurants and brands on
their platforms. Both Swiggy and Zomato had earlier refuted most of the
allegations, showed the 32-page CCI order, which TOI had reviewed.


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