Goli Vada Pav

Goli Vada Pav Pvt. Ltd
Company typePrivate
IndustryQuick service Restaurants
Founded2004; 20 years ago (2004) in Mumbai, India
Founder
  • Venkatesh Iyer
HeadquartersVikhroli, Mumbai, Maharashtra, India
Key people
Venkatesh Iyer (CEO)
ProductsVada Pav, Sabudana Vada[1]
RevenueIncrease ₹55 Crore (2015)[2]
Number of employees
150–200 (2016)[2]
ParentGoli Vada Pav Pvt. Ltd
Websitegolivadapav.com

Goli Vada Pav is an Indian fast food restaurant chain originated from Mumbai, Maharashtra, India. It was founded in 2004 as a vada pav restaurant by Venkatesh Iyer.[3] It currently operates in over 100 cities with over 300 stores.

History

Goli Vada Pav was founded by Venkatesh Iyer. The chain started operations in early 2004 with a single ‘Quick service restaurant’. The first outlet was set up in Kalyan, a suburban locality in Mumbai. The company raised ₹21 crores from venture fund VenturEast in 2011.[4] A large-scale expansion of the outlets had to be abandoned due to the limited popularity of the franchise in Mumbai. At this point, Venkatesh Iyer received an offer from an acquaintance to set up an outlet in the city of Nashik in Maharashtra.[5] Soon enough Goli Vada Pav was set up in over 40 cities with 150 outlet, and is now the 4th biggest fast food company in India.

Goli Vada Pav stores operate under the name of 'Goli Vadapav No.1'

Awards and recognition

  1. Golden Spoon Award-Most Admired Food Chain of Indian Origin, by Coca-Cola.[6]
  2. 6th Largest QSR Brand in India.[7]

References

  1. ^ 'Goli Vada Pav No.1' Archived 5 October 2011 at the Wayback Machine golivadapav.com
  2. ^ a b Business Opportunity in Ethnic Fast Food Industry – Goli Vadapav No.1 | Case Study | NOVONOUS Archived 24 January 2014 at archive.today www.novonous.com
  3. ^ Narasimhan, Anand; Dogra, Aparna Mohan (4 September 2012). "Goli Vada Pav story". The Financial Times. IMD business school. Retrieved 5 November 2020.
  4. ^ Gaurav, Vijay. Food chain Goli Vada Pav gets ₹21-crore funds from VenturEast The Economic Times 29 August 2011
  5. ^ Goli Vada Pav – From Mumbai’s streets on to the business highway The Hindu Business Line
  6. ^ Jubilant Foodworks sweeps the Coca Cola Golden Spoon Awards 2014 India Infoline
  7. ^ Midha, Manisha Almadi (29 September 2016). "Goli Vada Pav: Mainstreaming Vada Pav across India". India Retailing. Retrieved 1 July 2018.

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