Hotline: 1800 102 2007
X
Search Business Opportunities
2014-03-07

Hyderabad-based Red Sprout to raise Rs 60 crore for Indian fast food chain

Red Sprout Foods Private Limited, a Hyderabad-based start-up, plans to raise Rs 60 crore to Rs 70 crore to expand its Quick Service Restaurant (QSR) business under the Hello Curry brand.

Red Sprout Foods Private Limited, a Hyderabad-based start-up, plans to raise Rs 60 crore to Rs 70 crore to expand its Quick Service Restaurant (QSR) business under the Hello Curry brand.

 

Started three months ago with a unique concept of serving Indian food in the fast food format, the firm has already raised Rs 3 crore from SRI Capital in the first round. It currently has two kitchens in IT hubs of Madhapur and Gacchibowli.

 

Red Sprout director Raju Bhupati and Sandeep said that they plan to open two more outlets near the Hitec City.

 

The firm has divided Hyderabad into six zones and has drawn up plans to open satellite kitchens and the outlets in four zones by the end of the current year.

 

Bhupati said they would expand the QSR business to Chennai and Bangalore next year and to fuel this expansion the firm plan to have another round of investment by the end of next year.

 

He claimed that Hello Curry is the first QSR restaurant in the world offering delivery time of 30 minutes within a four-kilometre radius against the industry average of 45 minutes. It hopes this will make it number one choice for customers when it comes to home delivery.

 

For the customers who walk into the outlets, Hello Curry promises delivery in two to three minutes. With a price range of Rs.59 to Rs.149, Hello Curry is currently offering 10 dishes including five non-vegetarian. The products include biryani, rice with curries and kebabs.

 

"After a year-long research, we have a unique process to cook any curry within 2-3 minutes," said Sandeep.

 

They came out with the idea to meet the growing needs of Indian customers to have a quick, affordable and convenient meal options to compliment hectic lifestyle.

 

Sashi Reddy, founder of SRI Capital, a Rs.100 crore seed stage venture fund, said Hello Curry has the potential to become McDonalds and Dominos of Indian food.

Related opportunities
  • Career Counselling & Brain Programming
    About Us: Astute Career Counselling Academy - #1 Career Counselling Academy..
    Locations looking for expansion Maharashtra
    Establishment year 2002
    Franchising Launch Date 2012
    Investment size Rs. 10lac - 20lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Pune Maharashtra
  • Multi Cuisine Restaurant
    About Us: Multi cuisine restaurant which serves Italian , Mexian ,..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • After School Activities
    Started in 2009, SportyBeans is India’s most reputed non-competitive multi-sport..
    Locations looking for expansion Maharashtra
    Establishment year 2009
    Franchising Launch Date 2010
    Investment size Rs. 10lac - 20lac
    Space required 1200-1500 sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Maharashtra
  • Mr. Bean's Pizza started its operations in Jaipur in 2013...
    Locations looking for expansion Rajasthan
    Establishment year 2013
    Franchising Launch Date 2013
    Investment size Rs. 10lac - 20lac
    Space required 330
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Jaipur Rajasthan
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

Free Advice - Ask Our Experts