Believe me, itโs not...ย โขย 3m
I ordered from Burger King๐ and noticed the Veeba sauce that comes with it. Didn't know Veeba had a B2B 'Food Service' segment โturns out, this was their first offering. Veeba operates in two verticals - a) B2B ๐ฝ๏ธ โ 'Veeba Food Service' (~8-10% of revenues) โ Supplies condiments to Dominoโs, Burger King, Chaayos, Theobroma, Taj, and more. b) B2C๐ โ Sells ketchup, mayo, dips, spreads, and six more product categories for home use. From raising a $1.6 M seed in Dec '12, Veeba is now present across 700+ cities, posting strong growth and recording its first profitโคต๏ธ FY24: โน820.7 Cr revenue (+48%) | โน28.8 Cr profit. Here's a rough look at India's sauce market - โญ๏ธViraj Bahl gave an interesting insight โ When top QSRs like Burger King, Domino's, and McDonald's introduce new foods, consumers try to replicate the flavor at home โ acts as key growth driver in the non-ketchup segment.
Keen Learner and Exp...ย โขย 1y
Viraj Bahl started Veeba foods in 2015 with the aim of providing high-quality condiments and sauces to fast food chains. Veeba initially focus in B2B segment to avoid the high competition and price war of the retail market. But its big break came wh
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Faad Networkย โขย 8m
Did not get a single order for 1.5 years and runs a 2000 CR sauce brand today. 1. At 15, Viraj Bahl wanted to join the family food packaging business, Fun Foods. But his dad gave him a clear conditionโEarn enough livelihood to care for their four-m
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๐๐ผ๐ ๐ฑ๐ถ๐ฑ ๐ฉ๐ฒ๐ฒ๐ฏ๐ฎ ๐ฎ๐ฐ๐พ๐๐ถ๐ฟ๐ฒ ๐๐ผ๐บ๐ถ๐ป๐ผโ๐, ๐๐๐ฟ๐ด๐ฒ๐ฟ ๐๐ถ๐ป๐ด, ๐ฎ๐ป๐ฑ ๐ฃ๐ฉ๐ฅ ๐ฎ๐ ๐๐ต๐ฒ๐ถ๐ฟ ๐ฐ๐น๐ถ๐ฒ๐ป๐๐? Founded in 2013 by Viraj Bahl, who previously established Fun Foods (later acquired by Dr. Oetker). Initially faced slow g
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Top News of the week: 1. Fundings: - During the week, 26 Indian startups raised a total of $97.45 million, including 4 growth-stage and 16 early-stage deals, while 6 startups kept their funding undisclosed. - Telehealth platform Truemeds has secur
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Top News of the Day: 1. Zomato collected Rs 83 cr in platform fee from customers till March 2. Zetwerk, a contract manufacturing unicorn, has partnered with Smile Electronics to set up three advanced IT hardware production factories in India. 3. I
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