‘One store does Rs 4.5 crore business a month’: The story behind Bengaluru’s most popular Rameshwaram cafe

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‘One store does Rs 4.5 crore business a month’: The story behind Bengaluru’s most popular Rameshwaram cafe

In the third episode of Nikhil Kamath’s podcast series, Sujeet Kumar, co-founder of Udaan shared how Rameshwaram Cafe in Bengaluru is an example of one of the most successful QSR chains to look at.

Sujeet Kumar also shared his journey at ecommerce giant Flipkart where he served as the President of Operations between 2008 to 2016.

If you have visited Bengaluru, there is a very rare chance for you to miss the widely popular Rameshawaram Cafe. Did you know that the quick service restaurant (QSR) outlet does a business of Rs 4.5 crore in a month?

Sujeet Kumar, co-founder of B2B marketplace Udaan, shared some mind-boggling details about the cafe in a podcast recently. He said, “If you see Rameshawaram cafe. They cut 7,500 bills a day. One store which is hardly 10 by 10 or 10 by 15 square feet. does Rs 4.5 crore business a month and clocks around Rs 50 crore a year. They also make decent margins. Around 70 per cent gross margins.”

Kumar was citing examples of QSR chains in India which have made a mark in India. He also shared that he has made over 150 investments in companies including edtech unicorn Unacademy and coffee chain Third Wave Coffee.

Kumar was speaking to Nikhil Kamath (co-founder of Indian stock brokerage firm Zerodha), Kishore Biyani (Founder of Future Group), and Vidit Aatrey (co-founder of Meesho). The third episode of Kamath’s podcast series was titled, ‘WTF is E-commerce.’ The guests discussed a host of topics including Indian retail, growing your business online and offline, the entrepreneurial and investment ecosystem in India and abroad, among other things.

Sujeet Kumar also shared his journey at ecommerce giant Flipkart where he served as the President of Operations between 2008 to 2016. Kumar left the Walmart-backed company to launch Udaan along with former Flipkart executives Amod Malviya and Vaibhav Gupta.

Kumar also shared during the conversation that he was not keen on relocating to Bengaluru from Delhi, where he was since his IIT-Delhi days.

“Maine kaha start toh hum ne bhi kiya hai (I said, even we have started),” said Kumar. Kumar then told Bansal that he did not want to relocate to Bengaluru. "Bangalore mujhe nahin jana (I didn't want to go to Bangalore)," he said. "I was in love with Delhi... Delhi toh chodna hi nahin hai...I was settled there (I didn't want to leave Delhi)," said Kumar.

He said that he was unsure about joining Flipkart but was coaxed by the company’s co-founder Sachin Bansal into visiting Bengaluru first on the pretext of attending the latter’s wedding and then for learning about the company.

So far, the episode which runs for over two hours has garnered around 77,000 views and 2,600 likes on YouTube at the time pf publishing this copy.