Presentation on theme: "Foodking By E. Sarathbabu On 7 th March, 2012 Preston Auditorium, World Bank Headquarters Washington DC."— Presentation transcript:
Foodking By E. Sarathbabu On 7 th March, 2012 Preston Auditorium, World Bank Headquarters Washington DC
Family Background Born and brought up in a Slum in Chennai, India in a family of 5 kids Mother started with 1 Re ( 2 cents) a day as her wage Used to sell idlis (a South Indian delicacy) along with mother on the streets What changed my Life?
Education background Schooling in a matriculation school in Chennai, India Studied without electricity throughout the school days but topped in the Class throughout Completed B. E.(Hons) Chemical Engineering from BITS, Pilani (Best Private Engg. University in India) Completed MBA from Indian Institute of Management Ahmedabad (Best Management Institute in India & one of the best in the world)
Background to start Foodking Understanding of Hunger? 30% of Indian population below poverty line Haves and Have nots Entrepreneurship Logic -- 100 Young Entrepreneurs who can create 100,000 jobs - 1000 Young Entrepreneurs who can create 10,000 jobs – 10000 Young Entrepreneurs who can create 1000 jobs,..
Foodking Startup Started in 1 st of April, 2006 with 1 employee and 40$ First order to sell 100 teas & coffees to a software company Today selling around 10000 meals a day, 300 employees approx $1.5 mn revenues One food outlet of 300-700 sq ft can give employment to 10-12 people and 2 sq.kms can have one food outlet
HungerFree India Foundation 10-10-10 celebrated as First HungerFree day serving 10,000 meals across 40 orphanages and old age homes across India 10-10-11 being celebrated by distributing 100,000 free notebooks to financially poor kids especially in slum areas of Chennai and Thane Cyclone affected areas Addressed more than 800,000 youngsters in around 1000 gatherings in schools and colleges and industry forums and have been mentoring 200+ young entrepreneurs