financetom
Business
financetom
/
Business
/
Restaurants to develop digital platforms to reach out to customers directly
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Restaurants to develop digital platforms to reach out to customers directly
May 8, 2020 10:46 AM

The restaurant industry is coming together to develop and identify alternative digital platforms that will level the playing field between restaurants and food delivery platforms, industry body NRAI said.

Share Market Live

NSE

Expressing the sentiments of the industry, the National Restaurant Association of India (NRAI) said the 'logout' movement cemented the belief that the industry needed to take back control.

"Aggregators have become digital landlords. While they came in to solve a genuine problem, their one-sided policies are destroying the business, especially small restaurants. The industry is working together to create an alternative technology solution to reorient and sustain their businesses in the post-COVID-19 world," NRAI Managing Committee Member Thomas Fenn said in a statement.

The focus for the NRAI is on easy reconciliation, transparent pricing, cheaper delivery and protection of customer data. The solution will be driven by customer loyalty, omni channel online sales, integrated payment gateways and digitised delivery logistics, he added.

Social media platforms like WhatsApp, Facebook and Instagram are also being explored to leverage to reach out to customers, Fenn said.

In similar vein, NRAI President Anurag Katriar said, "Members of NRAI collectively own and operate some of the most popular restaurants and bars across the country. We feel that we have an ability to create the most comprehensive and attractive loyalty programme with some of the best names in the business coming together on a single loyalty program across the nation".

NRAI reckons that there cannot be a better programme than this in the restaurant trade. Once again, this will be by the industry and for the industry, he added.

"We have tied up with one of the largest player in this sphere and have already drawn out our blueprint and work is going on at a good pace. We will be in a position to launch this in a few months," Katriar said.

The current efforts of NRAI are simply aimed at creating more viable alternatives for its members and not aimed at being rivals to other aggregators or their current programmes, he added.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Stewart Strengthens Real Estate Services Portfolio by Announcing its Intent to Acquire Mortgage Contracting Services (MCS)
Stewart Strengthens Real Estate Services Portfolio by Announcing its Intent to Acquire Mortgage Contracting Services (MCS)
Nov 7, 2025
HOUSTON--(BUSINESS WIRE)-- SISCO Holdings, LLC, a Delaware company wholly owned by Stewart Information Services Corporation ( STC ) today announced its entry into an agreement to acquire the mortgage services of Mortgage Contracting Services (MCS), a property preservation services provider. As part of the agreement, Stewart will acquire all the operations and technology supporting mortgage servicers and lenders in their...
Merit Financial Advisors Partners with Mennenga Tax & Financial, Expands Capabilities for Clients in Wisconsin
Merit Financial Advisors Partners with Mennenga Tax & Financial, Expands Capabilities for Clients in Wisconsin
Nov 7, 2025
ATLANTA, Nov. 7, 2025 /PRNewswire/ -- Merit Financial Advisors (Merit), a Georgia-based financial advisory firm that specializes in financial planning and wealth management solutions for high-net-worth individuals and families and those navigating life transitions, announced today its acquisition of Mennenga Tax & Financial (Mennenga). The acquisition adds $715 million in assets and expands Merit's capabilities for clients. Based in Madison,...
Spectral Medical Provides Update on PMX Submission to FDA, Also Reports Q3 Loss
Spectral Medical Provides Update on PMX Submission to FDA, Also Reports Q3 Loss
Nov 7, 2025
08:30 AM EST, 11/07/2025 (MT Newswires) -- Spectral Medical ( EDTXF ) , Friday said it is compiling its pre-market approval (PMA) submission package to the Food & Drug Administration for PMX, which is now targeted for completion in the first quarter of next year, from the fourth quarter of 2025. Topline results from the Tigris trial reinforce the clinical...
Newmont cuts 16% of workforce in restructuring after Newcrest deal- memo
Newmont cuts 16% of workforce in restructuring after Newcrest deal- memo
Nov 7, 2025
(Reuters) -Newmont ( NEM ) has cut about 16% of its workforce as part of a restructuring following the acquisition of Australian miner Newcrest, according to an internal memo to staff seen by Reuters. The reductions include job eliminations, unfilled vacancies, and changes to role levels, the memo said, reflecting efforts to streamline operations and integrate the two companies. Newmont...
Copyright 2023-2026 - www.financetom.com All Rights Reserved