Showing posts with label Petoo. Show all posts
Showing posts with label Petoo. Show all posts

QSR Chain Petoo, Onboards Hanumant Shukla, the Ex-Director of Sales of Airtel, Zambia as Chief Sales Officer

Bangalore based Petoo, QSR (quick service restaurant) which has rapidly grown to 10 cities in the last few months, welcomes Mr Hanumanth Shukla to their leadership team in the newly-created position of Chief Sales Officer.

Hanumant brings 27 years of sales experience spanning across industries, including FMCG and Telecom, in setting up, turning around and scaling up various businesses across the globe. From building the team from scratch and designing & executing a highly effective distributed sales strategy, he helped Airtel Money Zambia scale up from USD 100 million to USD 4 billion through kiosk-led manual atm model which made Airtel Money the number 1 player in the market. He will be adding his expertise in strategic, analytical & operational execution at Petoo Sales division to lead its audacious goal of 1100 stores by 2020.

Besides his last leadership role at Airtel Zambia, he’s recognized for his proficiency spans across Business Strategy, Partner Management, P&L Management and Stakeholder Management for iconic companies like Coca Cola, Airtel, Idea, Godrej and Goodricke.

Petoo is aiming to fulfil its vision of building a national brand of Indian Quick Service restaurant with Industry leaders who bring expertise in driving multi-cultural & cross-functional resources. Recently, they have also on-boarded Mr Nilesh Krishnarao, (Ex-COO, Tonguestun, which was acquired by Zomato) as their Chief Experience Officer.

Petoo is the result of some very insightful research and is solving customer pain-points of serving consistent, quality Indian Food in Quick, Easy and Modern format with a great focus on food science and technology. The team at Petoo understands that Indian cuisine holds a significant place on the global stage and it's also the need of the evolving customers.

It has also built a unique solution which eliminates the need of Chefs at each store level, which is unheard of in an Indian restaurant context and removes the dependency on cold/frozen logistics network, making its restaurants viable in even the most remote parts of India.

Backed by Infosys founders and founded by IIT alumni and serial entrepreneurs, Ritesh Dwivedy, Abhishek Mandal and Kumar Setu, who also have extensive experience in food, hospitality, and IT/ITeS, they have grown to 45 outlets in last 1 year since it started rolling out its franchisee restaurants. With an asset-light model and an investment of only Rs 20 lakhs, it offers good ROIs within 24 months of the establishment to its franchise owners.

Bangalore Based Food Tech Startup Petoo Raises $1M from Axilor Ventures and Others

petoo

Bangalore-based foodtech startup Petoo which was founded in March 2015 by IIT Kharagpur alumni Kumar Setu and Ritesh Dwivedi (former JustEat CEO and founder), along with IHM alumnus & former Dell official Abhishek Mandal, has raised $1 million funding. The funding was led by early stage venture capital firm Axilor Ventures and some HNIs.

The raised capital will be primarily used for food research and improving business back-end. Going forward, the startup aims to expand to more areas in Bangalore and subsequently launch operations in Chennai and Hyderabad over the next two years.

The startup currently gets around 100 orders a daily from restaurant aggregators like Foodpanda and JustEat among others. It plans to launch its own website and mobile app-based ordering system, with features like 3-tap ordering, live order tracking on a map among others, very soon.

“We will offer a cash-less food ordering solution for people staying late at office. Employees will be able to book food through our dedicated online system without any money transaction (based on predefined criteria of company’s management),” Setu said.

It also plans for taxi aggregators, bus operators in order to take orders for travelers. Currently the startup claims to have over 15 delivery boys and the firm is planning to expand its team of 800-1000, when it enters the new cities.

In February 2016, Gurgaon-based food-tech startup, First Eat raised $200K in seed funding from a F&B entrepreneur in Gurgaon. Other players operating in this segment include Jiyo Natural, Sattviko, WIMWI Foods and InnerChef among others.

Bangalore Based Food Tech Startup Petoo Raises $1M from Axilor Ventures and Others

petoo

Bangalore-based foodtech startup Petoo which was founded in March 2015 by IIT Kharagpur alumni Kumar Setu and Ritesh Dwivedi (former JustEat CEO and founder), along with IHM alumnus & former Dell official Abhishek Mandal, has raised $1 million funding. The funding was led by early stage venture capital firm Axilor Ventures and some HNIs.

The raised capital will be primarily used for food research and improving business back-end. Going forward, the startup aims to expand to more areas in Bangalore and subsequently launch operations in Chennai and Hyderabad over the next two years.

The startup currently gets around 100 orders a daily from restaurant aggregators like Foodpanda and JustEat among others. It plans to launch its own website and mobile app-based ordering system, with features like 3-tap ordering, live order tracking on a map among others, very soon.

“We will offer a cash-less food ordering solution for people staying late at office. Employees will be able to book food through our dedicated online system without any money transaction (based on predefined criteria of company’s management),” Setu said.

It also plans for taxi aggregators, bus operators in order to take orders for travelers. Currently the startup claims to have over 15 delivery boys and the firm is planning to expand its team of 800-1000, when it enters the new cities.

In February 2016, Gurgaon-based food-tech startup, First Eat raised $200K in seed funding from a F&B entrepreneur in Gurgaon. Other players operating in this segment include Jiyo Natural, Sattviko, WIMWI Foods and InnerChef among others.

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