Mr. Iyer said Goli Vada Pav made an entry in Mumbai in 2004. If I would have chosen a English sophisticated name for my product, it would not have worked! September 25, 2020 admin 0. The … Venkatesh Iyer began his enterprise with a humble dream. What started with just a stall has now turned into a massive chain. It was indeed a crazy, crazy idea that Venkatesh Iyer and Shivadas Menon embarked upon! Iyer says that a good Indian street food behind the pill was to include edible fast food. 07 Mar, 2011, 02.56 AM IST. Goli Vada Pav, a quick serve food concept with Indian touch, originated in Mumbai in 2004. Loving it locally: Goli has outsourced the manufacture of its vadas … Tata Steel (PP) 88.95 8.05. Author has made an effort and fully succeeded at not making this book another drab entrepreneurial book, with his sense of humor and using analogies from Bollywood and the game of Cricket. 1) Goli Vada Pav Pvt. 2. This is just the beginning, there's still more to come. The company currently has a paid up capital of INR 4.86 cr. When Venkatesh Iyer co-founded Goli Vada Pav with Shiv Menon in 2004, he saw a big opportunity in selling affordable, clean, ethnic fast food to lower-income customers in India. [4] The initial investment of 40 lakh rupees was funded by Venkatesh Iyer, who had wound up his corporate advisory business. Venkatesh Iyer takes his readers on this amazing journey of metamorphosis of Mumbai street food "Vada Pav" into a brand which can rub shoulders with multi national brands like McDonald's. Before Venkatesh, who's often affectionately called 'Venky' took to the stage, to share his experiences, Nagpur entrepreneurs too shared their experiences. Sharing with the audience as to why he chose vada pav as his business idea, Venky said, "I saw a Vada Pav stall on the roadside once. Mr Venkatesh, now chief executive, saw a potential market of 500m mostly teenage and young adult Indians paying Rs10 (about 20 US cents) or more to eat a vada pav, a typical Mumbai street-food dish of a … Making of a crorepati from Vada Pav business. Venky wanted Vada Pav to stand tall among the pizzas and the burgers of the world and that strong will laid the foundation stone for Goli Vada Pav. Venkatesh Iyer took a humble snack, vada pav, and turned it into a money-spinning business. Benchmarks . Who knew that a stuffing of potatoes deep-fried and served with pav with Indian chutneys would become a national snack. RBI … Terms & Conditions. 11 Dec, 2012, 01.11 PM IST. ", During his presentation, Venky also revealed how he went bankrupt. 17 Aug, 2018, 12.07 PM IST. So much so, that his rise (along with that of vada pav) has invited global attention. According to Goli vada pav’s website, the brand has 300 stores. Goli Vada Pav. Have you read these stories? All rights reserved. Iyer says that a good Indian street food behind the pill was to include edible fast food. We, a young team of new age journalists, strive for a better informed young India by Read More, Email: news@nationnext.comPhone: +918600096669, +919834612348, Pranav Sharma at 'I-summit .. Updated: Nov 12, 2020, 10.44 AM IST. Read More.. He then explained the importance of having belief in your idea and keeping calm. Nifty 12,677.95-71.2. 11.37 % Invest Now. Startup India Enterprenure . FOUNDER OF BYJU(RAVEENDRAN)-NETWORTH,SALARY,STORY,wikki. Terms & Conditions. ', Speaking exclusively to Nation Next after the summit and giving a tip to the budding entrepreneurs, Venky said, "Don’t give up on your dreams as every business has risks and losses involved. Venkatesh Iyer, Founder, Goli Vada Pav will be the key speaker at Lemon Ideas' - I-Summit - in association with VIA and Nation Next as the media partner. At the I-summit, Venky also launched his book - 'My Journey with Vada Pav. ", Venky started Goli Vada Pav's first outlet in 2004 in Mumbai (Kalyan) with the punch line 'Vada-pav + cutting chai + aamchi Mumbai = awesomeness.' Goli Vada Pav contains 300 stores across 20 states in India. Venkatesh Iyer took a humble snack, vada pav, and turned it into a money-spinning business. The brand’s founders, Venkatesh Iyer and Shiv Menon, realised the huge scope of business in tapping the adult and lower income customers by selling widely popular local street food ‘Vada Pav’ to them, in … Happiness on being present to welcome Venky as he said that there 's still more to come Corporate business! Granted, India version of burger-like fast food Venky said, `` Mumbai... At 4,89,294 after a decrease of 5,363 in the Corporate Financial Services space Must. Who knew that a good Indian street food behind the pill was to include edible fast food served with with..., worked their way up through difficult days, an Indian fast restaurant... 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