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The Taste of Success: Engineers part-time Biryani Thela pays off

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A food cart is positioned on the roadway opposite the town collector’s office in Malkangiri, Odisha, every evening. Since March 20, 2021, this cart has been serving a limited menu of biryani and chicken tikkas. It’s worth noting that the individuals behind this now-famous cart aren’t chefs. They are two corporate employees who want to make a change in their town’s dining culture.

Catering to a problem

Priyam Bebarta and Sumit Samal, both engineers, have been buddies since childhood. While the COVID-19 outbreak forced them to work from home, the pair would hit the streets in the evenings for a fix of biryani from local street vendors. 

For folks who can’t afford to buy fresh, healthful, and sanitary food, street food cart vendors are often their only option. When the duo saw poor quality street food on offer, they were inspired to start their own business. The goal was to create healthy food with equally delightful flavours that could be enjoyed by individuals from all walks of life.

Setting up the street cart

They came up with a tiny menu with fixed dishes after exhaustive research on numerous recipes, how ingredients match, and how menus are constructed. The next step was to hire someone to carry out the recipes and a location to do so in.

A plate of chicken biryani would set you back Rs 120, while half a plate will set you back Rs 70. To get the firm off the ground, the two pooled their funds for an initial investment of Rs 50,000. “We wanted to serve foods that were comparable to home-cooked dinners,” says Sumit.

Engineer’s Thela now sells over 100 plates of biryani every day, in addition to chicken tikka side orders. They make a monthly profit of roughly Rs 45,000 after subtracting operational expenses. Due to an increase in COVID-19 cases, the model is currently operating on a delivery system, but the beloved cart with its eye-catching yellow hoarding is set to return to the streets soon.

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Business

Facebook to rebrand the company ‘Metaverse’

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Facebook is the world’s largest, and arguably most influential, social media platform, with more than 2.8 billion monthly active users and a net worth as of now of $1 trillion.

It’s safe to say that the majority of our lives rely on Facebook. Recently, Facebook, the parent company of Instagram and WhatsApp, hit the headlines when it went dark for six hours, causing havoc all over the world.

According to a report by The Verge, Facebook is planning to rebrand the company with a new name to focus on building the metaverse. Metaverse, as the term suggests, is a virtual-reality space in which users can interact with a computer-generated environment and other users.

According to the report, CEO Mark Zuckerberg will reveal the company’s new name on October 28 at the annual Connect conference, but it could be announced sooner.

Facebook, which aspires to be renowned for more than just social networking, revealed on Sunday that it will hire 10,000 people in Europe over the next five years to help construct the metaverse, which the corporation regards as critical to its long-term success.

In July, Zuckerberg said that Facebook’s future lies in the virtual metaverse, in which users will live, work and play inside.

Facebook already has more than 10,000 employees who build consumer hardware like AR glasses that Zuckerberg believes will be as ubiquitous as smartphones.

The company wants to be known as much more than a “social media” company, and is promising to change the way humanity interacts.

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One to lookout for: Rakesh Jhunjhunwala invests in a furniture startup!

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Rakesh Jhunjhunwala, often referred to as India’s own Warren Buffett, is an ace investor with a track record of successful investing. Many treat him as a bellwether, and look to him for guidance and inspiration when it comes to navigating the vagaries of the investing landscape. And so, it would be of interest to investors to know that India’s Big Bull has out his money where his mouth is and invested in a furniture-based startup, Arrivae.

What is Aarivae?

Founded in 2017, Arrivae is a customized full home interior solution provider that enables customers to get the house customers want. From designing the finest homes by some of the finest architects and interior designers to material supplied by some of the most credible vendors. It specializes in providing practical solutions for various situations. Arrivae works in four simple steps; meeting the designer, designs made for customers, intelligent manufacturing and lastly concierge services.

Arrivae raised Rs 50 crore in its first round of external funding, backed by ace investor Rakesh Jhunjhunwala. Enam family, Siddharth Yog (Founder, Xander Group), Anand Jain (Chairman, Jai Corp), Harsh Jain (Founder, Dream 11), and Ramesh S. Damani (Chairman, DMart) all participated in the fundraising round.

“At Arrivae, we’re still in the early phases of our plan to build India’s most comprehensive home renovation ecosystem. Partnerships are important to us at Arrivae because they help us build brand confidence in the ecosystem, especially among customers.” said founder Yash Kela.

Kela rounded things off by saying, “All the veterans who have participated in this round will enable more faith in the Arrivae brand.”

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The right pricing will be crucial for the launch of Zydus Cadila’s vaccine.

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The destiny of Zydus Cadila’s Covid vaccine is in doubt, as the vaccine’s price appears to be delaying its introduction into the vaccination program. The business has received emergency use authorization from the FDA to inject its Covid vaccine, ZyCoV-D, to children aged 12 to 18.

Zydus Cadila, located in Ahmedabad, has imported the pharmaJet, a needle-free applicator for painless intradermal vaccine delivery. 

Each jet is responsible for delivering a specific amount of vaccination. 

As a result, a single dose is split into two shots, one for each arm. “It’s an expensive device and hence jacks up the overall price,” a government official said.

Around 20,000 dosages can be administered with the jet injector.

The government has been purchasing Covaxin at 225 per dosage and Covishield, another Covid vaccine developed in India, at 215 per dose.

The price of the Zydus Cadila vaccine, according to Health Secretary Rajesh Bhushan, will be significantly more than that of existing vaccines.

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