Business Description:Hungryzone offers users a common platform for their food needs. It offers a convenient and an economical solution to the logistical problem of locating, selection, ordering and delivery of food items from reputed restaurants and food joints in the city.
Users will also be able to order or subscribe to economical and home made packaged meals on weekly or monthly basis though HungryBangalore. Its unique offering enables users to place orders/ bookings online, through mobile or through a dedicated customer care.
The present day consumer spending is 40% on food and grocery and spurred by busy lifestyle, it is increasing at a rapid pace. The absence of a common platform to enable individual/ group to choose, compare and place provides a tremendous opportunity. For instance in Bangalore there are 650000 IT professionals all of whom would be our target customers for online food ordering.
Around 50% of the entire IT population are bachelors and do not stay with their family, they would be our target customers for our economical and homemade hygienically packaged meals. A similar trend can be found in almost all major cities. We would be able to leverage the web's ability to create networks of users through online communities and content sharing unlike the traditional brick and mortar restaurants.
Industry:IT/ Internet/ Software
Founded in:2006
Source of idea:Systematic search for business opportunity
Significant Competitors:webdhaba.com, ordermonger.com.
Two indirect yet major competitors:
1) The traditional way of ordering food i.e. phone. The advantage of ordering over phone is the perceivable human involvement.
2) Restaurant review sites, these sites have restaurant reviews and contact details.
Company Details :
Company Name:Hungryzone
HeadQuarters:Bangalore
Stage of the company:Several customers or locations
No of Employees (2006):0-5
No of Employees (2007):0-5
Office Locations(2006):0-1
Office Locations(2007):0-1
No of companies promoted:No
Profits (2006):
Profits (2007):
>Partnerships:
Initial Funding:Personal savings
Addl Funding:Angel investors
Institutitional Capital:No
Revneue Model:The revenue model consists of the following components:
Commissions: HungryBangalore will receive commissions based on total bill amount for orders generated through it.
Advertising: The pricing of advertisements on HungryBangalore would be part fixed and part pay-per-click.
Awards & honors:TiE EAP 2007 company from Bangalore
Promoters Details :
Promoters Name(s):Ritesh Kumar
Age:27
HomeTown:Bangalore
Education:Bachelors
No of companies promoted:No
Family Background:First gen entrepreneur
Job:Senior Software Engineer at Ketera India
Ex-Job Description:Engineer
Favorite Book/Movie:N.A.
