Page 77 - Hospitality Horizon - February-March 2021
P. 77

FOOD & BEVERAGE







                                                                                 “WE EXCEEDED PRE-COVID
                                                                                 DELIVERY REVENUES
                                                                                 ACROSS ALL OUR BRANDS
                                                                                 AND THE CLOUD-ONLY
                                                                                 BRANDS HAVE SEEN A
                                                                                 GREAT RESPONSE.”
                                                             Rachel Goenka, Founder, The Chocolate Spoon Company




                                                                   helped. We exceeded pre-Covid delivery
                                                                   revenues across all our brands and the
                                                                   cloud-only brands have seen a great response.
                                                                   In fact, we can cross-sell to our existing
                                                                   database directly without having to depend
                                                                   on aggregators.”
                                                                   WAY FORWARD
                                                                   Although the cloud kitchen concept has been
                                                                   a fool-proof model for several F&B businesses
                                                                   helping them stay afloat during the pandemic
                                                                   it is unlikely to be a self-sustaining business
                                                                   model, experts feel.
                                                                    “Dine out will always be the number one
                                                                   form of social engagement. Delivery cannot be
                                                                   a substitute for dine out, but it will be a good
                                                                   addition,” says Zorawar. Jaydeep agrees. “A
                                                                   delivery kitchen will never replace a
                                                                   restaurant,” he adds
                                                                    Rachel too believes that for players like
                                                                   them delivery was always meant to be a
                                                                   supplementary business. “What’s interesting
                                                                   is that our delivery numbers have increased as
                                                                   well but it is still a bit early to identify trends,”
                                                                   she says.
                                                                    “Food delivery business is in a nascent stage
                                                                   currently and is set to increase substantially
                                                                   in volumes,” says Vineet. “Our urban
                                                                   populace is getting used to ordering in and I
             pandemic and we now stand at 15 cloud kitchen         am sure this will increase the overall market
             outlets across Mumbai, Delhi and Bengaluru.”          penetration.”
               “We too launched a few cloud kitchen brands          What is clear is that, even after the
             namely Soul Tadka and Wicked Burgers &                pandemic, the cloud kitchen business won’t
             Pizzas in Mumbai and Chan’s Chinese Kitchen           see a downward trend. Once the vaccine is out
             in Pune to diversify our revenue streams by           and people start dining out more business will
             leveraging our current infrastructure,” adds          start showing growth but the cloud kitchen
             Rachel Goenka, CEO and Founder, The                   model will co-exist alongside, opine experts.
             Chocolate Spoon Company. “Of course, our              The future, according to them, is bright for
             brand equity and being a trusted name certainly       dark kitchen.



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                                                                                hospitality horizon  FEBRUARY-MARCH 2021
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