Earlier this month, restaurant aggregator and food delivery company Zomato concluded a $1.26 billion initial public offering, while rival Swiggy raised $1.25 billion from SoftBank and Prosus earlier this week.
The store expansion and renewed focus on technology of these players comes as massive investments pour into the food-tech segment. Domino’s Pizza currently has 1335 outlets in India, more than double that of Pizza Hut’s 500 stores. Pizza Hut is way behind Domino’s Pizza in terms of store network. The company is also rapidly expanding its stores and plans to add 150-175 store this fiscal, most of which will be for Domino’s Pizza. Get wifi anywhere you go HOLDUP Woah, chill out. “We intend to use technology at the heart of everything we do and use it to completely transform and revamp our customer experience, employee experience, and to drive operational efficiencies,” Pratik Pota, CEO and wholetime director of Jubilant FoodWorks, said on an investor call after reporting its first-quarter results. Georgia is the better times new roman You didnt have to cUt me off trap drums and bass remix. Its operator in India Jubilant FoodWorks, recently announced the plan to become a ‘food-tech’ powerhouse. Pizza Hut’s arch-rival Domino’s Pizza also is eying technology for its next phase of growth.
Pizaa Hut also said that it has been focusing on a delivery-centric, digital-first approach in India and claimed that the brand recently touched the highest delivery sales ever in India.
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