#25 Cloud Kitchens and the Future of the Food Industry | Kytchens | Ft. Bansi Kotecha

Welcome to QuriousClub!

In this episode, our host Siddhant welcomes Bansi Kotecha, the man behind launching Uber Eats in South East Asia and its subsequent sale to Zomato. Bansi shares personal insights about the business models operating in the food industry. From dreaming about owning our own cafes to understanding the rise of food aggregators like Zomato, Swiggy this episode is a deep dive into this dynamic industry.

We also delve into Bansi's fascinating journey of building 'Kytchens,' an innovative cloud kitchen business, following his exit from Uber Eats. This episode takes us on an enlightening journey through the nuances of the food industry, led by Bansi. Highlighting the importance of understanding unit economics and business models, he shares that only through comprehension of these elements can one discern the profitability of an outlet.

Bansi also discusses his ambitious plans for the future and his approach to building a business patiently. He shares an interesting shift he observed in customer ordering patterns, further enhancing our understanding of the changing landscapes in the food industry.

Timestamps:

0:00 Introduction
1:55 His early journey
3:51 Indian market in terms of food aggregation business
8:29 How a profitable delivery business will be built having 200₹ AOV
9:45 How unit economics works in different food business models
16:44 His view on why Western QSR brands are successful
19:20 How is Kytchens' business model different?
21:13 How efficiency is ensured?
22:33 Margins in his business
23:19 Plans for scaling Kytchens
25:55 Appropriate space for this business model
26:56 Types of brands Kychens is having currently
27:56 How to decide on funding specifics?
30:41 How consumer consumption pattern is changing?
35:21 Advice for entrepreneurs wanting to go into food business
36:33 Lightning round

To connect on social media:

Instagram-   / siddhant_bhandari  
Twitter- https://twitter.com/siddhant_555?lang=en
Linkedin- https://www.linkedin.com/in/siddhant-...