Friday, May 6, 2016
Yum Kitchen – One stop destination for All Your Late Night Food Needs!
In amidst of uncertainty of funding and negativity on whole food tech startups world, there are a handful of companies that are able to survive and sustain in the market with unit level profit. These companies are more concerned about their expenditure, profits and losses over GMV or revenue. In this article, I want to introduce one such startup operating from HSR layout (peaceful residential area) of Bangalore. They have taken baby steps and built a fixed prototype that is able to sustain on its own, grow month-on-month by optimizing its supply-chain, procurement of items and delivery system. Let’s break the suspense! I am talking about YumKitchen, a food startup that operates in the late night, specialised in Chinese, North Indian and Continental cuisines.This is a startup co-founded by 3 young passionate entrepreneurs who want make a difference in Food industry by supplying yummy (yum is taken from yummy) food at a reasonable price in quickest time.
Deepak, the co-founder, left his high paying job to purse his entrepreneurial journey was accompanied by his friends Nirvan and Avinash in making YumKitchen live. Let’s find more about his journey and also the future plans of this venture.
What is YumKitchen and how was it started?
YumKitchen is late night restaurant catering food to Midnight Madness (techies, gamers, employees, students etc). We are operating from Bangalore (main kitchen is in HSR layout, and extended kitchen is in Electronic City). We started Yum kitchen 7 months back. We started YumKitchen as online QSR (Quick Service Restaurant) that serves Indian style of food made by the cuisine specialists catering to everyone.
I always have passion for entrepreneurship. I started and closed a homemade food company 4 years back when I was working at Puma. Though I was working as a full time employee with good salary, there was this entrepreneurship bug on the back of my mind. After settling all financial commitments, I began to think of starting something big and branded. For 1 year, I have done an in-depth analysis of Food industry and opportunities in various food industry segments. From my research, it was clear that this is an unorganised industry and people are willing to stick a brand who can supply tasty food with best-in-class service in terms of delivery, quantity and punctuality.
What is the market size of your startup?
According to ibef.org, India Food Service is going to grow from $48 billion to $78 billion in 5 years from 2015 to 2020. QSR segment alone is projected to be of 16,785 crores INR. Presently, there are few international players like Dominos, McDonalds, Yum Restaurant that own small pie of this QSR business. Most of the business is un-organized and is dominated by local vendors. We want to create a QSR brand that supplies traditional Indian food with best-in-quality and taste!
How Yum Kithcen Operates?
As a food business person, I wanted the brand to have full control on food that is prepared, supply chain and logistics to give wow factor for the customer. Hence, we prepare the food, do an optimal supply chain decreasing the food wastage and by using a proprietary model of delivery, we are able to satisfy the customer on all fronts. Supply-chain and
What is the present status?
Presently, we have 1 main kitchen in HSR layout that caters to most of the night-out localities like HSR, Kormangala, Indira Nagar, Bellandur, BTM 1st and 2nd Stage, Bommanhalli, Lakkasandra, Sarjapur (main road). We have a franchise at electronic city too! We want to open 3 more kitchens to cover complete Bangalore (North, South, East, West and Central).
Are you planning to raise funding and how much?
We want to expand as soon as possible in this segment with-in Bangalore and to other metros like Mumabi, Pune, Delhi-NCR, Chennai, Hyderabad etc. and also want to start new entities like Digital Kiosks, Food trucks etc. We want to raise a minimum of 1 crore rupees. We have talked to couple of HNIs and Angel investors. One of them is keen on our model and it is in advance discussions. We will update you on this.
What will you do with funding?
First and foremost, we want to build brand for Yum Kitchen. Secondly, we want to strengthen our logistics and create intuitive website and app. We will open 3 more kitchens to cover whole Bangalore. Also, we will do selected marketing (primarily digital marketing).
More details at www.yumkitchen.in
Wednesday, May 4, 2016
Shop CJ brings Korean cosmetic brands in India
Mumbai, May 02, 2016: Shop CJ, Asia’s No. 1 Home Shopping Network, now brings the finest of beauty products for Indian women from the Beauty capital of the world –
Elisha Coy BB cream
acts as a beauty cream with skin benefits providing radiance, anti-ageing,
pore-tightening and moisturizing properties.
Korean beauty
products are regarded as the best in the world, as they are technologically
advanced, heavily researched and tested products with excellent results on all
types of skin.
Speaking on the
introduction of Korean Cosmetic products on Shop CJ, Mr. Dhruva Chandrie, Chief Operating Officer – Shop CJ, said, “Korean beauty products are renowned across
the world. In India , we
bring the finest of Korean beauty products with proven benefits and have made
it available at Shop CJ prices. BB cream is just the start. We are very
positive about acceptance of Korean cosmetic products in India .”
Elaborating on the Korean Cosmetic wave world wide, he further added, “The reason these
products have become a rage across the globe is because they are showing
excellent results. In addition, due to our Korean lineage (CJ O Shopping) we
have great access to them. So we have the products with proven benefits and an
opportunity to introduce them to Indian women as well as deliver on our
“quality” promise.”
Shop CJ is
expecting a sell-out and has already opened pre-booking option through calls
and online, to reduce the burden on live calls during the show. The Home Shopping giant will also be offering
many more Korean beauty products this year to strengthen the category in India .
For more details please log on to : http://www.shopcj.com/
For more details please log on to : http://www.shopcj.com/
Monday, May 2, 2016
Saturday, April 30, 2016
Axis Bank partners with Apollo Munich to offer bespoke health insurance solutions to its customers
Bank’s
exclusive Bancassurance partner for health insurance solutions
Unique
support and service mechanism for the Bank’s customers
Paperless
processes to ensure minimum TAT for policy issuance and service
Mumbai, January 27, 2016:Axis Bank, India’s third largest private sector bank today announced its exclusive partnership with Apollo Munich Health Insurance Company toofferits customers bespoke health insurance products and services. The strategic partnership with the health insurance company, a JVbetween Asia's largest healthcare group, ‘The Apollo Hospitals Group’ and the world leader in health insurance, ‘Munich Health’ will offer customers unique health insurance plans with value added benefits such as health advisory services and access to wellness portal etc., under their ‘Health Eco System’.
Commenting on the partnership,Rajiv Anand, Group Executive & Head Retail Banking, Axis Bank said,
“Over the past couple of years, we have observed the exponential rise in the
cost of healthcare and the need for customized and affordable health insurance
solutions.With the objective of ensuring the health and wellbeing of our
customers, we are delighted to announce our exclusiveBancassurance partnership
for health insurance with Apollo Munich,which will help us further expand our
existing bouquet of offerings and put forth a compelling proposition.”
Apollo Munich Health Insurance Company, along with
the Bank will design and offer customized health insurance products to the
Bank’s customers, as per their requirements. Policy issuance and service will
be driven by paperless online processes, ensuring minimum turnaround time. A
brief of theuniquebenefits for customers are:
· Automatically restoring the basic sum insured in
case the policyholder exhausts his/her sum insured in a policy year
· Wide range of sum insured options ranging from Rs 3
lacs to 50 lacs
· A health insurance plan with no sub-limits, no
copays or room rent limits
· High Pre and Post hospitalization cover of 60 and
180 days respectively
· Coverage for all “Daycare Procedures”
· Health checkup benefits
· Extensive network of hospitals
· In-house claim settlement
Speaking about the tie up
with Axis Bank, Antony Jacob, CEO,
Apollo Munich Health Insurance said, “We are excited to partner with Axis
Bank and offer its customers uncomplicated and innovative health insurance
solutions. Through bancassurance, health insurance penetration is expected to
grow rapidly as there are more than one lakh bank branches in the country, with
a majority located in rural and semi urban areas. We at Apollo Munich believe
in the potential banks hold as a distribution channel. They can aid us in
strengthening our reach in the tier two and three cities overnight.”
He further added “Going
forward this partnership will develop more innovative solutions to meet
specific needs of different customer segments of the bank. In addition, Axis
Bank customers will have access to expert health services that promote healthy
living.”
For more details about the Axis Bank, Apollo Munich Health Insurance, Please log on to : http://www.apollomunichinsurance.com
Thursday, April 28, 2016
Peaks of Pollution in Delhi !
Last night, Benzene at Anand Vihar, touched 61.70 i.e. over 12 times of the normal, and tonight PM 2.5 touched 732 i.e. again, over 12 times of the normal, while PM 10 data was not available. In the afternoon PM 10 touched 768 at Mandir marg, while PM 2.5 touched the peak of 141. At Punjabi Bagh, PM 10 touched the peak of 585 while at 11 pm, it was again at 580, while PM 2.5 touched 165. R K Puram had PM 10 at a peak of 951 whereas PM 2.5 touched 572.
Wednesday, April 27, 2016
Noise-high Capital looks for ways to tame decibel demons
BLARING ITO noisiest spot, comparisons of yearly averages show that noise level has exceeded prescribed standards
NEW DELHI: From honking cars to music from the neighbourhood weddings, the decibel demons have pushed the noise levels in the Capital to an uncomfortable high, data says.
The National Green Tribunal had recently rapped the Delhi govt over delay in devising a strategy to counter noise pollution. Dilshad Garden East Arjun Nagar Rohini ITO Dwarka
ITO is the noisiest spot in Delhi, the National Ambient Noise Monitoring Network of the Central Pollution Control Board recently revealed.
Comparisons of yearly averages across five spots in the city from 2011 to 2014 show that the noise level at Delhi has exceeded prescribed standards at most stations almost always.
The spots which were monitored by National Ambient Noise Monitoring Network for four years are Dilshad Garden, Delhi College of Engineering in Rohini, Netaji Subhas Institute of Technology in Dwarka, ITO and Central Pollution Control Board headquarters in East Arjun Nagar.
Among these, East Arjun Nagar and Dilshad Garden recorded a massive boom in noise pollution levels in the past few years.
BS Vohra, president of East Delhi RWAs Joint Front (Federation), told Hindustan Times that East Arjun Nagar and Dilshad Garden were arguably the noisiest residential areas of the Capital.
“Dilshad Garden is next to the Uttar Pradesh border and has to bear the heavy load of trucks coming in and going out. East Arjun Nagar, on the other hand, is in close proximity to the Anand Vihar interstate bus terminus, Anand Vihar railway station as well as the Uttar Pradesh border. The Jhilmil industrial area, which is in between the Dilshad Garden, East Arjun Nagar and Anand Vihar adds to the noise pollution here,” Vohra said.
Another clogged corner of the city, Dwarka, too, has emerged as a hotspot for noise pollution. Environmental activist and Noise level in the city is uncomfortably high, data says Figures in decibels (db) 52 60 51 72 55 Dwarka resident Diwan Singh said that this west Delhi locality was ‘extremely noisy’.
“Heavy transit traffic from Gurgaon to west Delhi and a large number of construction activities along with insufficient green buffer zones add to the noise pollution. We need to increase the number of green areas and regulate traffic and construction activities so that the decibel demons can be tamed,” he said.
The National Green Tribunal had recently rapped the Delhi govDIWAN SINGH, Dwarka resident National Safety mark: 55 db 51 59 50 71 55 50 60 51 73 55 51 62 51 74 55 ernment over delay in devising a strategy for better implementation of pollution control laws, especially those regarding noise pollution. The green court had in the last week of March directed the government to convene a meeting in this regard within two weeks. The Delhi government is also set to revise the noise cap for firecrackers. The current sound limit for each firecracker is 125 decibels, while sound levels of up to 70 decibels is considered safe for humans.
with thanks : Hindustan Times, Dated 18.4.2016
Tuesday, April 26, 2016
Courage under fire forged a hero !
Tuesday, April 19, 2016
Odd Even Dobara : Not that Even so far !
Please go through today's pollution status of Delhi, as below. One thing seems very much clear that we require to do much more than #ODDEVEN or #ODDEVENDOBARA. Truly, Odd Even alone won't serve the purpose. We must take certain more, more stringent measures to combat pollution in Delhi.
At Anand Vihar, Benzene at 10 pm last night was at 46.20, at 7 am today was at 37.70 and at 12 pm it was still at 25.20. PM 10 at 12 noon today was 511 and PM 2.5 at 10.30
was 288.
At Civil Lines, Benzene at 7 am was 15.59 and it was still at
10.93 at 11.30 am . PM 10 was 594.48 at 7 am today and it was at 508.58 at 11.30
am . PM
2.5 was at 221.26 at 11.30 am .
At IGI Airport , Benzene was above 11 till 11.30
am . PM10
was at 219.15 at 11.30 am with no data available for PM 2.5.
At Mandir Marg, PM 10 was at 617 at 12 noon today and PM 2.5 at 141 at the
same time.
At Punjabi Bagh, PM 10 was at 672 at 11.30
am , while
PM 2.5 was at 309 at 10.30, though it dipped to some extent after that.
At R K Puram, PM 10 was at 598 at 11.30
am and at
471 at 12 noon whereas, PM 2.5 was at 238 at 11 am today.
With best wishes for a Pollution Free Delhi. We will support Odd Even plus any more stringent steps, to combat pollution in Delhi.
B S Vohra
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