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This slide deck was presented by Venkatesh , CEO Goli Vada Pav at the TiE Institute Knowledge Series session in Mumbai in July 2010. During this presentation he spoke about building a brand with limited resources as an early stage entrepreneur. [Related Video http://www.youtube.com/watch?v=UsMdP4nkdC0 ]
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Paulo Coelho
You have a dream…. The dream
has come in the womb of the
universe… it is the responsibility of
the universe to fulfill the dream….
The universe conspires to help
achieve your dreams…
Mahatma Gandhi
You find the purpose….
The means will follow….
Jonathan livingston seagull
Richard Bach
Goli Vada Pav No 1
Ethnic fast food…
Finger food…
Mobile food…
Hum Hindustani…
… Colgate…… Gillette…… Lux…… Bata…… Ray ban sunglass…… Cross pen…… Hyundai…… Nokia…… Compaq laptop
Hindustani brand…
Ethnic food
• Kellogg's story…• Ethnic food opportunity…
– 100 crores population…– Target 50 crores…– 500 crores opportunity…– 5000 crores opportunity…
Why Vada Pav...
• Fast food…• Finger food…• No plates….. No spoons• No tables….. No chairs• Mobile food…• Potato and wheat…universal appeal…• Besan… spices… ethnic appeal
International success stories…
Any thing between bun sells…
Why brand name Goli...
• Vada Pav was born ……
• The Mumbai lingo…
• The pre-fried version …
• Corporate finance story ……
First store – Kalyan
• First store opened in February 2004
– Red signifies…
– White signifies…
– Green signifies…
– Goli Bhai is….
Our first few stores…
Our first few stores…
Our first few stores…
Old Kitchen – Manual…
Our logistics then…
Our challenges
• Wastages…
• Pilferages…
• Standardization…
• Price fluctuation…
• Chef based operations…
Our experiments…
• Ultra violet rays…
• Nitrogen gas chambers…
• Blast chill refrigeration…
Our solutions…. Paradigm shift
• McDonalds
• OSI INC
• Vista
About OSI INC
• OSI INC and McDonalds’ Corporation are partners for supply chain for the past 40 years world-wide.
• OSI INC. was established in 1928 in food business as OTTO & Sons, and in 1955 it forged a partnership with McDonalds for food processing and supplies as an exclusive suppliers to McDonalds.
• OSI INC. has evolved into one of the largest private food processing corporation in the world.
• OSI INC. is held in high regard throughout the food service industry for its manufacturing efficiency, product innovation, dedicated customer service, and commitment to food safety.
Goli vada’s processes…Theccha sent to VISTAfrom Goli Kitchen
Potato Washing
Potato peeling
Potato dicing
Blanching at 100 degCelsius
Potato smashing
Potato sorting
Adding Theccha to Potato
Mixing
Dipping in Besanbatter
Patty making
Blast freezing at -18 Degree Celsius for
60 mins
Parfrying for 30 secs
Sorting
Counting
Packing in plastic Bags (22 each)
Weighing Metal Detector
Packing in cartons(12pkts each)
Weighing
Sealing
Storing at -18 degreeCelsius in cold room
Besan purchasing
Storing
Mixing with water andSoda as per recipe
Besan batter ready
Goli Kitchen (Cold room)
In R
efer
van
Goli StoresIn Refer van
Vada’s made in a fully… automatic plant
Every vada passing thru a metal detector and screened
Tracking vada’s
Batch No:Mfg Date:Exp Date:
Frozen logistics…
Innovations at store…
Frying made simpler….
The Difference…
Ready for scale up…. But,Nobody…. knew us
…Vada pav is as powerful a name as
Amitabh bacchan……
So the press covered us…..
The story unfolds…..
• Fund raising…
• Many suitors….. difficult to pick and choose
• Few prime stores
Prime stores
Prime stores
Landmark Store
• Super fast expansion… 300 stores in 3 months
• Real estate economics….. Major stumbling block
New Challenges…
Our solutions….. 300 Aarey booths
Our solutions….. 300 Aarey booths
Our solutions….. 300 Aarey booths
Our solutions….. 300 Aarey booths
Financial Tsunami
• Lehman brothers…
• Satyam…
• Subhiksha…
Goli shifts to tier II cities…. 75 stores in 18 months
• Nashik• Aurangabad• Jalna• Nanded• Dhulia• Jalgaon• Ahmednagar• Latur • Beed• Jalna• Parbhani• Nagpur
Goli shifts to tier II cities
Goli shifts to tier II cities
Goli shifts to tier II cities
Goli shifts to tier II cities
Goli shifts to tier II cities
Goli shifts to tier II cities
Now…. Goli going south…
• Bangalore
• Chennai
• Hyderabad
Bangalore -- Koramangala
Bangalore – Jayanagar (under construction)
Brand
•Product
•Packaging
•Perception
Our Products
Goli Vada Pav
Goli Cheese and schezwan options
Goli Mix Veg Vada Pav
Goli Tikki Vada Pav
Goli Palak Makkai Vada Pav
Goli Sabudana Vada’s
Goli Bhajji’s
Business is all about …….
• Machinery….
• Material…
• Manpower…
• Methods…
• Marketing…
MONEY
Brand…. Goli
• Youth…
• Time pass…
• Masti…
• Mumbai…
• Bollywood…
Engaging our customer then…
• Goli Ganpati….
• Goli Music @ stores….
• Goli Music on Auto’s & Ganpati Mandals…
• Goli Rocks…
Engaging our customers now….
• www.vadapavmumurings.wordpress.com
• www.facebook.com/golivadapav
• www.twitter.com/golivadapav
Vada pav talks -- Bangalore
Vada pav talks -- Food Forum
Vada Pav talks… Mumbai
Mumbai meri jaan…
Vada pav… chai… Mumbai…