Food-tech startup Freshmenu with its cautious expansion strategy has increased its revenues from 31.7 crore in 2016 to 70.9 crore in 2017 according to market research platform Tofler.

 

Freshmenu’s Cloud Kitchen Model

Interests in developing its cloud kitchen show in existing urban areas instead of more current markets have helped Freshmenu content a more grounded development way when the entire food tech industry is on tenterhooks to win back financial specialists’ trust, after the segment saw a tremendous dunk in interests in 2016. A significant part of the speculation is being piped to fuel development inside existing markets to additionally help its 13,000 requests for every day check.

 

Targeting 2xGrowth in Revenue for FY18

Despite a slowdown in the pace of losses,, the organization has seen a gigantic 73.5% ascent in costs at Rs 118.3 crore with advertisement costs alone swelling 181% to Rs 14.4 crore.

Freshmenu is targeting a 2x growth in income for FY18 even as it chalks out a way to benefit — one of the greatest thistles in the sustenance business.

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