Saturday Startup Review I – FoodieBay – Find Great Places To Eat Out!
This is part of an ongoing startup review series supported by our sponsors Sun Startup Essentials.
Startup: Foodiebay.com
Some eat to live and some live to eat.. The latter kinds are known as Foodie’s and Im surely one of them. If you are one too then you would agree that finding great food places when you have little or no time in a city like Mumbai or Delhi gets very difficult. This is the problem that Foodiebay our today’s startup tries to solve.
One sentence description: An online database of reviews, menus, dicounts etc on all food joints
About Startup: Foodiebay is for all who want to eat out but don’t know of any good places around. It is currently meant for people living in Delhi, Mumbai and Kolkata. What it does is it allows people to search for all eating outlets be it the exotic five star restaurants or the famous chai-wallas and paranthawallas so that they can find the one fulfilling their specific requirements. Foodiebay currently contains an exhaustive database of more than 4200 outlets overall with over 1900 in Delhi and NCR region, 1800 in Mumbai and about 500 odd in Kolkatta.
About Founders: The company is founded by 5 IIT Delhi students Pankaj Chaddah, Deepinder Goyal, Gunjan Patidar, Amol Parashar, Piyush Taneja and an AIMK alumni Shatadru Gupta.
Funding Status: Not known
WAT’s HOT: The database that they currently hold is their biggest plus point. Also its not only names and addresses of restaurants whats great is that they provide the restaurant ratings (voted by customers), menu, facilities available (like take home, dine, credit card acceptance and bar availibility) as well.
WAT’s NOT: Challenges include competition like burrp.com which is exactly in the same space and has many many more reviews of many more places. More than eating joints burrp also has clubbing joints too. Foodiebay would have a hard time challenging the depth and breath of someone like burrp. The other challenge is monetization. How does foodiebay make money is the big question? The only two possible revenue streams I can see is advertising and paid listings and both those seem non scalable to me.
Our Rating – 3 points out of 5
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