by Bhaswati Guha Majumder - May 25, 2021 08:01 AM
Representative image of a bar-cum-restaurant (Photo by Aniruddha Chowdhury/Mint via Getty Images)
Snapshot
Quick Service Restaurants in India has witnessed significant growth in a short time.
Quick Service Restaurants (QSRs)âfast food outlet where people pay for food at the counter before consumptionâhave gained a major market share in a significantly shorter period.
In March 2020, the Government of India temporarily closed public places like hotels, restaurants and food outlets as a precautionary measure to curb the spread of the coronavirus.
During such a situation, QSRs turned to the food delivery sector, and several foodservice companies adopted the concept of takeaway services to deliver safe, hygienic and customised orders to the customersâwhich helped them to sustain and continue the business.
India: Travel portal ixigo seeks to raise up to $240m via IPO route
May 25, 2021
Online travel portal ixigo is looking to raise ₹750 crore through a primary issue of shares, as part of its ₹1,500-1,800 crore initial public offering (IPO) expected later this fiscal year, two people aware of the discussions said, requesting anonymity. The company has appointed Kotak Mahindra Bank, ICICI Securities, Axis Capital Ltd and Nomura as its investment bankers, and will file its draft red herring prospectus in July, said one of the two people.
The travel portal, which has so far raised close to $22 million as part of its primary fundraise, will look to give a partial exit to investors through its public offering. ixigo counts Sequoia Capital India, Fosun RZ, Elevation Capital and Micromax Informatics as its investors. The company is also in talks to raise a pre-IPO round in the coming months, they added.
Consumers jittery after data breach at Domino’s Pizza
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Synopsis
The data breach involves as many as 180 million users of the 1,314 Domino’s Pizza restaurants operated by Jubilant FoodWorks Ltd. The leaked information includes details of over 1 million credit cards, mobile numbers and GPS locations and have been made available on the dark web.
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JFL admitted to the data breach on Sunday and claimed in a statement that the financial information of customers is safe.
Thousands of jittery consumers took to social media to demand transparency and accountability from Domino’s Pizza following a data breach at India’s largest quick service chain, even as cybersecurity researcher Rajshekhar Rajaharia told ET he had red-flagged a government agency about the information leak in March.
Dark Web Alert! Domino s India data of 180 million orders leaked online News
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After Air India’s massive data breach, Domino’s India, the country’s popular delivery chain is now under the cyberattack radar. As per the report, the data of around 180 million users of the 1,314 Domino’s Pizza restaurants operated by Jubilant FoodWorks Ltd were leaked on the dark web including credit card details, mobile number, and location. Also Read - Air India server hacked, personal data of 45 lakh passengers leaked in massive cyber attack
Domino’s India data breach: Around 180 million customers’ data exposed online
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Jubilant FoodWorks begins COVID-19 vaccination drive for 30,000 employees, their families
Jubilant FoodWorks Ltd (JFL), which operates Domino s Pizza and Dunkin Donuts chains in India, on Sunday said it has started country-wide COVID-19 vaccination drive for its over 30,000 employees and their families under the company s COVID care initiative. Besides, it has also set up isolation facilities in Mumbai, Bangalore, Chennai, Noida and Indore and also arranged for a facility for COVID impacted employees and their families
COVID-19 vaccines: States facing inelastic supply curve, Centre should place orders, says SBI
The Indian states trying to place orders directly with drug makers for COVID-19 vaccines are facing an inelastic supply curve at least for the next two months, and this approach is also leading to increased competition among the states, according to SBI. The research wing of State Bank of India has advised that India should follow the EU template for v