Beruflich Dokumente
Kultur Dokumente
Executive summery
Cravers @ 12
Submitted by
Sai Kusum
Sanyukta Basak
Sushmitha SR
Soumya Chaudhary
COMPANY DESCRIPTION
INTRODUCTION:
As It Known , Nowadays Due To Changing Lifestyles And Odd Working Hours For
The It Crowd The Eating Patterns Are Changing And Midnight Cravings Reason
Are Quite Common. Apart from the IT crowd, students who study for
competitive exams also stay up late have these frequent midnight cravings. This
service is useful for them too.
Hormonal Changes
There are various hormonal fluctuations that can cause midnight cravings as
well. When the hormones get imbalanced, the body craves for sugar and
certain other junk foods. Psychological reasons such
as stress, menstruation, depression and anxiety can impact this too.
Night Eating Syndrome
People suffering from NIE usually have lower levels of hunger in the morning
and seek for more food in the evening. They also suffer from insomnia causing
sleep difficulty. It takes place because the format followed by the body is
different since there's low hunger in the early hours of the day and much
higher intake at night. This can lead to obesity and other weight gain issues.
Eating meals at regular intervals is healthy for the body and its metabolism. It
can maintain the blood sugar levels throughout the day and can also put a halt
to those midnight hunger pangs.
Late night cravings would come to you if you're not taking care of your body
and its healthy nutrition intake. So it's always better to avoid these habits and
inculcate healthier ones instead.
Hence Midnight cravers will cater to satisfying the cravings by offering healthy
and simple meals through the concept of mobile kitchens. The concept of a
mobile kitchen is to reach a wider customer base in the metropolitan cities.
The mobile kitchen will be present wherever required according to the demand
level.
OUR PURPOSE:
Cravers at 12, Offers Products to Satiate the Cravings and Hunger at midnight.
Usually People Eat Unhealthy Food At Midnight As Sugar And Processed Food
Cravings Are On A Rise. But We Offer Products Or Food That Is Light And Easily
Digestible. We will also care about the environment or think in a sustainable
fashion by using recyclable packaging and concepts of using edible spoons or
cutlery. Most importantly the quality and hygiene factor will be maintained and
the customer is allowed to have a visit in our mobile kitchen to verify or test
anything they please.
• To satiate the midnight cravings of IT professionals and Students as
compared to other food service providers like Swiggy, Zomato using an
affordable pricing strategy.
• To offer a healthy meal and spread awareness about nutrition.
• To provide good quality, hygienic, wholesome and tasty food at the
doorstep whenever and wherever within a stipulated time from 12 a.m.
To 4 a.m.
• To attract customers by using effective promotional strategies which are
cost effective.
• To achieve 99% of customer satisfaction and develop repeat customer
base.
• To raise funds to support our goals through interested investors.
PRODUCTS:
Mostly the Menu Is Comprised of Snack Items Like and will be delivered at the
doorstep within 45 minutes. The medium for ordering is through the app or
through phone calls
SNACKS :
ü Khichdi Etc
ü Indian Sweets
MISSION AND VISION STATEMENT:
THE MARKET:
This service caters to a diversified market, but mostly the IT crowd and the
students who study for competitive exams. It is affordable and a very flexible
kitchen system. It will expand to all the cities starting from Bangalore.
COMPANY SUMMARY:
COMPANY OWNERSHIP:
COMPANY HISTORY:
It has always been our passion to do something different. There are other food
service providers too like Swiggy, Zomato etc. who go through the
intermediaries like restaurants to serve the customers. But do these providers
satiate midnight cravings. We wanted to address this problem deeply through
this service and be flexible, just in time, quick response service providers.
Hence we came up with this simple idea.
CURRENT STATUS:
KEY PARTNERSHIP:
We will have partnerships with students and the customers to promote the
service. Also we will have partnerships with investors as well as petrol bunks or
fuel providers as our kitchens are movable or mobile.
MARKET ANALYSIS
OVERALL MARKET:
E-commerce in India is expected to grow from US $2.9 billion in 2017 to a
mammoth US $100 billion by 2020, making it the fastest growing e-commerce
market in the world! E-commerce is also witnessing a spurt in online food &
restaurant service companies, which is expected to reach $4.9 billion by 2019.
This white paper explores drivers of the growth of such online food delivery
companies in India, the current competition and how this affects the brick-and-
mortar restaurant business in India. Here’s a look at the supply and demand
drivers for online quick food services.
Demand Drivers:
Ø Encouraging Demographics
Ø Promising Income and Consumption Levels
Ø Favourable Lifestyle Changes
Ø Rising Number of Working Women
Extension to Delivery Services in Existing Restaurants
Restaurants are now trying to maximize their business output by offering food
delivery services. This way they all are able to rationalize existing fixed costs
and also keep their business sustainable. Home Delivery is a very vital
ingredient in this mix. It’s no wonder restaurants big and small; all are vying to
get a piece of this pie! Moreover with this format, a higher number of
customers can be serviced, compared to the sit-and-dine format where at peak
hours, customers will be missed. The delivery format keeps customer loyalty
going strong too.
New Trends in the Delivery Sector
The role of mobile apps and also web-based system of ordering food cannot be
undermined at this point. With more people using smart phones, increasing
literacy and access to the Internet, the fortunes waiting to be reaped from the
business of home delivery are just a click away! Domino’s Pizza claims to
deliver over 50,000 pizzas in a day and 15,000 of those orders are made online.
Fassos is another popular food chain that doles out over 60,000 orders in a day
and all from their mobile app too. Now that Dominoes and other players have
tied up with the online food service site FoodPanda, these numbers are
expected to double in the coming years. E-Tailing, which is having a sound
presence online, is very promising for all delivery-based ‘quick service
restaurants’ (QSR) compared to the revenues generated from the typical brick-
and-mortar format.
The changing urban lifestyle of the average Indian is dramatic enough to be
favourable for the food-on-the–go and quick home delivery models to grow at
higher rates. The ever-increasing population crowded metro cities and longer
travel times are drivers for the convenient, ready-to eat and cheaper options
of having food and groceries delivered at your doorstep. Companies that are
aware of the huge potential for growth may venture straight in, but only the
fittest will survive. Businesses who keep their value proposition and their
brand active in consumer’s minds, will take the biggest share of the Indian
online food service pie.
SPECIFIC MARKET- We are catering to the Niche of IT Professionals and
students. As in India demographic dividend (working age population) is more,
hence we find it as an opportunity to enter into this niche. As there are few
service providers in eco system of mid night food delivery, we will be
addressing market gap in this field.
COMPETITIVE FACTORS:
Ø Time of service delivery- We are delivering at the odds times during
which very few service providers offer the service so, delivering in the
midnight will provide us competitive edge and good market
Ø Keeping up time- In midnight among few service providers very few
keep up the time.
Ø Attractive offers- Delivery discount according to the delay. Festive
Occasions, Exams offers for students, special occasions.
Ø Own Mobile kitchens- Eliminate the cost of rent and ensure better food
quality.
Ø Booming IT sector- As IT sector is consistently growing in India, so this
increases the customer base for us.
Ø Fresh and quality food- In case of food Customer mainly looks for
freshness and quality of food which we will be offering without fail at
reasonable cost.
MACROECONOMIC INFLUENCES:
The basic macro-environmental forces that affect our business are as follows:
Ø Demographic forces
Ø Economic forces
Ø Natural forces
Ø Technological forces
Ø Cultural forces
Ø Political forces
Demographic Forces- Demography is the study of human populations in terms
of size, density, location, age, sex, race, occupation and other statistics. The
demographic environment is of great importance to marketers like us as it
involves the study of people, and it is people that make up markets.
Education conditions in India are improving day by day and are better
than other countries like Bangladesh, Nepal, and many others under
developed countries. The higher education sector is widely expanding
due to students from different countries. As a result, some food joints
are now serving cheaper meals at flexible timings to cater to these
students.
Economic Forces “Markets require purchasing power as well as people. The
available purchasing power in an economy depends on current income, prices,
savings, debt, and credit availability. Factors that affect consumer buying
power and spending patterns. The economic factor plays a great role in
shaping the food industry as it deals with buying power of the consumer. The
key economic concerns for marketers are as follows.
There are two key economic concerns for marketers; these are changes in
income and changes in consumer spending patterns. Changes in income may
indicate trends and explain slumps in sales for the food industry. A drop in
sales may be able to be explained by a depression in the market place, etc.
Consumer spending patterns refer to how household income is divided
between food, housing, transportation, etc.
Natural Forces The natural environment is at present the main focus for critics.
People are now more concerned about the global environment more than at
any time before. Marketers need to be aware of the threats and opportunities
associated with the natural environment there are four major concerns within
the natural environment. Not all affect consumer services; however they can
have an effect on the food market as part of the product is tangible. These are:
Energy costs - As non-renewable resources like oil, gas and coal dwindle,
prices of fast-food products are likely to increase as things like
transportation costs rise. Some food outlets may have to look for
alternatives to how they cook their product; however, there should not
be much effect on the service elements of the market.
High R & D budgets although the food industry does not have so great
Research and Developments, they do conduct surveys to calculate their
brand loyalty and their market share. We will be continuously evaluating
our customer’s views and adapting their menus and customer service
accordingly.
Focus on minor improvements Since the industry is very big with a lot of
different service providers providing the similar types of food and giving
similar services, food now have to concentrate on minor improvements
like changing the menu list , the packaging, the customer service done
over the phone. These are all done by the advanced technologies that
are available.
Political Forces Even in stable countries with no political unrest, political
trends may have a significant impact on business although India is a
politically stable country, there are conditions that affect the food
industry operations.
Legislation There are many laws and regulations in force for the food
industry. The food service providers have to maintain a minimum level
of hygiene, number of staff, customer service, payments to staffs, and
storage of unused items and so on. These legislations are changed from
time to time to better standardize their operations.
View of oneself People are now more concerned for their health and
thus are switching healthier and greener food like salads, vegetable
burgers, etc. Diabetes and heart diseases are also a major concern for
consumers nowadays as most food items are rich in sugar and
carbohydrates. So many food service providers which is healthy and has
low oil in it.
MARKET SEGMENTATION
Types of Market Segmentation.
1) Demographic segmentation.
2) Behavioural segmentation.
3) Psychographic segmentation.
4) Geographic segmentation.
MARKETING PLAN
By 2021, The retail e-commerce revenue from food and beverage sales is
expected to reach 15.25 billion.
And when one thinks about what products they want to sell on their E-
Commerce store, food does seem like a viable option. In simple terms,
everyone eats food and many people are pretty passionate about the food
they eat and where they get it from.
While making marketing plan for E-Commerce following points are important.
My product is unique(USP)- Being a start-up, we concentrate on our product
quality. There are a number of different ways one can stand out, we choose to
do this through the items we sell.
Also USP of Cravers at 12 is the service time, which is after 12 AM to whole
night.
Fast Shipping and safety is everything- One of the core reasons people don’t
buy food online is because they have concerns about the safety of the items.
Will it be made in an environmentally friendly location? Will it perish on its
journey to me? Will it arrive battered or broken?
Selling food online involves plenty of trust. Trust that the item will get to the
customer in a suitable time. To improve this frustration, there is options for
offering free shipping.
When offering free shipping as a pricing marketing tactic, it is necessary to
remember to think about overhead costs.
Imagery is everything in ecommerce food marketing- As the saying goes, a
picture is a thousand words. Product descriptions are important in E-
Commerce food marketing as
§ They help to describe the product
§ Can be a real added boost for SEO
§ Gives a chance to talk about any potential dietary requirements of
customers might have such as “suitable for vegans” “may contain nuts”.
But when it comes to selling product, written descriptions only go so far. One
needs images too. Good images make one hungry (literally) for more.
Subscriptions services- For more discounts and consumer engagement
subscription services will be there. As Indian consumers are value seeking mind
set.
Conducting survey – To get the real picture of consumer satisfaction,
necessary improvements in service and product.
Which will be helpful for R&D activity for both services and food quality &
taste.
E-mail marketing- Start an email marketing program and create a
monthly/annual schedule so that all posts are relevant and spaced out through
a period. E-mailers are quick and easy to send, and all that one need are email
listings of potential as well as current customers about new product offerings
or competitions, exciting events, discount coupons to keep customers
engaged.
Social media marketing- Instagram is one of the biggest platforms where an
Food & Beverage business can thrive through social media. People love clicking
pictures of food.
So there is huge potential in social media marketing which is cost effective too
than traditional marketing activity and can reach target customr easily as we
are in E-Commerce food business.
Festive & Seasonal offer- There is huge scope to procure more customers
through offers and discounts on different occasions (Christmas, Diwali, Game
season-t20, Pro-kabadi).
Management Team
Founders- SaiKusum Guttian, S.R Sushmita, Sanyukta Basak, Soumya Chaudhary
Supply Chain Manager-Soumya Chaudhary
Marketing Manager- Saikusum Guttina
Finance Manager-S.R Sushmita
Human Resource- Sanyukta Basak
Design Team- Saikusum Guttina
Operations Manager- Soumya Chaudhary, SaiKusum Guttian, S.R Sushmita,
Sanyukta Bhasak,
IT manager- Sanyukta Basak
Business Analyst- S.R. Sushmitha
Personal Relations Department- Soumya Chaudhary
Board of Advisors
An advisory board is a body that provides non-binding strategic advice to the
management of a corporation, organization or foundation. The informal nature of an
advisory board gives greater flexibility in structure and management compared to the
board of directors.
Members- Akanksha Dayma, Aliyah Mishra, Isha Samrina , Sandhya, Georgina
Cabral
Company Structure
App developer
It Manager
Technician
HR
Delivery Delivery
supervisor Boys
Marketing Personnel
Maintenance
Manager
Sales
Executives
PR
Management
Customer Care
Team
Design Team
Nutritionist
Quality Manager