iD Fresh Food expands to 11 new cities, targets Rs 700 crore revenue in FY25 – Industry News

Bengaluru-based contemporary meals firm, iD Recent Meals, has introduced plans to broaden into 11 new cities throughout six states in India. The growth contains tier II and III markets reminiscent of Goa, Indore, Ahmedabad, Surat, Vadodara, Dehradun, Panchkula, Chandigarh, Jaipur, Lucknow, and Bhopal. The corporate, which reported 25% year-on-year development in FY24, goals to realize a income of Rs 700 crore in FY25.

Rajat Diwaker, CEO (India), iD Recent Meals, stated, “Increasing to 11 cities is a strategic choice to discover alternatives in Tier I and II cities of India.”

The corporate plans to ascertain distribution centres in choose cities inside the subsequent one to 2 months. Merchandise might be obtainable by each on-line and offline channels.

This newest improvement comes as the corporate prepares for a possible IPO within the close to future, whereas additionally ramping up its growth into worldwide markets.

PC Musthafa, world CEO and co-founder of iD Recent Meals, stated the corporate goals to change into the market chief in these areas inside the subsequent 12 to 18 months.

Presently, iD Recent Meals operates in over 45 cities throughout 30,000 retail shops in India, UAE, US, and UK. The corporate’s product portfolio contains ready-to-cook objects reminiscent of batters, parotas, chutneys, paneer, curd and low.