The COVID-19 Report: Indian restaurants run on fumes
The coronavirus outbreak is wreaking havoc on the already troubled restaurant businesses.

Why read this story?
Editor's note: We don’t have a paywall for most of our stories on Coronavirus and its impact. Support us and subscribe here. It was the emptiness that crushed them first. Once bustling and overflowing with people, Indian restaurants had started to go quiet. The regulars stopped showing up sometime early in March. The sound of friends talking over drinks, waiters moving in and out of the kitchen, the smell of cut vegetables and the whiff of alcohol had just started to fade into the coronavirus scare that has now engulfed the entire world. With the sanitizers and disinfectants in place, there was still hope that diners would be back. Except they never did. Days passed, and the footfalls dropped by more than 30%. And before the restaurant companies could do anything, the decline snowballed into something they could not have fathomed—a complete lockdown. “I have not seen anything like this in almost 30 years. That’s as long as I have been in this business,” says Anurag Katriar, executive director and CEO at deGustibus Hospitality, which owns restaurant brands such as Indigo Deli, …
More in Business
You may also like
Eternal, Swiggy, Zepto are all unskilled worker arbitrage businesses
Exploitation of unskilled workers is at the heart of quick-delivery service businesses in India. They should be valued for what they are and not what they pretend to be, a trait that has taken a devious form of wanting it both ways.
Pot calling the kettle black: Albinder’s quick-commerce paradox
The Blinkit CEO calling out irrationality while fuelling it is yet another example of a quick-commerce player hoping to outlast rivals in a classic game of one-upmanship.
How India’s retail shareholders are being left holding the can
Swiggy and Ola Electric’s plans to return to the public markets soon after big-bang IPOs leave investors with dilution, little prospect of returns and plenty of questions.








