Hotline: 1800 102 2007
X
Search Business Opportunities
Jun, 22 2013

Foodpanda Eyes 500cr Sales

Foodpanda eyes iOS and Android users and launches apps.

With an eye on expanding its customer base, Foodpanda has launched an app for iOS and Android users which they claim bring in almost 15 percent of their orders. Having chalked out plans to launch in three new cities including Ahmadabad, Chennai and Kolkata, the Foodpanda team has lined up plans to scale to 20 new cities by 2015.

Foodpanda, is an online food delivery service with a presence in over 27 countries. Brought to India by former McKenzie consultant Mr. Amit Kohli and investment banker turned entrepreneur Mr. Rohit Chadda in 2012, the website has partnered with 2000 restaurants across 10 cities and sees almost 35000 visitors every single day. In 12 months since the launch of its website, it has registered over one lakh transactions.

Mr. Amit Kohli, Co-founder, Foodpanda India says,"All the big brands that are there in India today are part of the Foodpanda network that’s something that we really feel proud of and that’s something that customers want to come back and order from us. The second and the most important one is our operations the backend. We relay the order in under two minutes. We make sure that we are following up on the order so that the order gets delivered in less than 45 minutes to the customers and that is something that has helped us in customers coming back."

Having roped in brands like Pizza Hut, Subway, Nirula's, Faasos and Baskin Robins to its online network in India the duo is targeting 20-45 year old working professionals in metros and tier-I cities.

"We consider our primary competition to be ordering on phone and that is where we come in and we try to make the process extremely convenient, give the customers such features on our website such that you have 2000 restaurants to choose from, you can reorder at the click of a button, so we save all your orders, you can save multiple addresses, so you don’t need to relay your address each time that you come to order. Hence we make the process much more convenient so that to move the customer from phone ordering to online ordering," adds Rohit Chadda, Co-founder, Foodpanda India.

With an eye of queuing up 5000 restaurants to add to their list the venture is looking to breakeven over the next two years and pocket sales of Rs 500 crore in the next five years.

 

Comment
Related opportunities
  • Ice creams & Yogurt Parlors
    About Us: The Pabrai Family has over 30 years of experience..
    Locations looking for expansion West Bengal
    Establishment year 2008
    Franchising Launch Date 2009
    Investment size Rs. 20lac - 30lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Kolkata West Bengal
  • Start your own Big Mart World franchise business and be..
    Locations looking for expansion Haryana
    Establishment year 2007
    Franchising Launch Date 2013
    Investment size Rs. 5lac - 10lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Gurgaon Haryana
  • Quick Service Restaurants
    About Us: • Chawlas2 is one of the biggest North Indian..
    Locations looking for expansion Punjab
    Establishment year 1960
    Franchising Launch Date 1991
    Investment size Rs. 10lac - 20lac
    Space required 400
    Franchise Outlets 100-200
    Franchise Type Unit
    Headquater Ludhiana Punjab
  • About Us: C.H.I.L.D an initiative of Mrs. Kavitha Chandra Mouli hasa..
    Locations looking for expansion Tamil nadu
    Establishment year 2013
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Chennai Tamil nadu
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities