How did Domino’s manage to capture ~70% of the #Indian pizza market?

A thread.🧵(1/9)
Well, to begin with, every fast-food chain entering India has to modify their menus as per Indian taste preferences and the pizza giant had to do it too. (2/9)
But what’s more, is that it even hyperlocalized its pizzas. In 2014, the chain launched a spicy raw banana pizza specifically for South India. For inspiration, the chefs go on regular ‘food walks’ through local markets.
(3/9)
Also, to please the budget-conscious Indians, Domino’s spent eight months examining everything from flour to toppings, to lower prices. It then introduced what it called “Pizza Mania”—a 35-rupee (less than $1) pizza. (4/9)
Its locations throughout the country are situated exactingly: experts study each neighborhood, the streets, and traffic flow to find the fastest delivery routes- to honour its “30 minutes or free” policy.
(5/9)
The chain also realized that for Indian people in small cities eating out is a family event. To keep that feeling alive, Domino’s offers large dine-in spaces in such areas. Thus, the chain not only focuses on urban areas but also rural areas, unlike its competitors. (6/9)
Domino’s has also adapted to the fast-changing tech landscape in India. Jubilant Foodworks, its operator in India, claims Domino’s to be the 1st Foodservice brand to launch online and mobile ordering in India. (7/9)
With the 2nd largest population of internet users in the world, ~75% of Domino’s orders were online in 2019.

What do you think, will some other pizza chain throw Domino’s off its perch? (8/9)
Sources: Domino's India – 30 min or free..creating the market- HBS

India just can't get enough pizza- QZ

How Domino's Reinvented Itself To Win In India- Fast Company

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More from @finshots

16 Sep
Sri Lanka's forex reserves have dropped precipitously, from $7.5B in Nov '19 to just $2.8B in July.

And now a lot of people are worried about Sri Lanka's worsening economic crisis.

So what's the deal? 👇(1/9)
Sri Lanka’s problem seems to stem from the fact that the country is quickly running out of foreign exchange reserves — Things like gold, dollars, and other dollar-like assets.

But how did it get here? (2/9)
Well, Sri Lanka is what you call a “Frontier Economy” — it’s neither underdeveloped nor big enough to be branded an emerging economy. Countries like these are usually dependent on a few specialized sectors.
(3/9)
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14 Sep
#Google Maps has a near-monopoly in online navigational services.

Think about it- when was the last time you used any other digital mapping app?

And yet, Google offers this for free.

So, what gives?

A thread 👇(1/7)
Well, the majority of their revenue comes from advertising. When you search for a #business on Google, it lists the local businesses as map results.

Advertisers pay to have their listings featured more prominently in this map result. (2/7)
For eg, if Starbucks wants to show up at the top of search results in "coffee shops near me", it can pay Google Maps for this listing.

Google also earns income through its Google Maps Platform from companies and industries that need navigation, tracking, and mapping. (3/7)
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10 Sep
Some of the most unusual economic indicators you've probably never heard of- Part 2!

A thread👇 (1/11)
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During periods of financial uncertainty, commuters avoid trains & cars in favor of bicycles.

More cyclists out on the roads raise the probability of mishaps. (2/11)
2.) Romance Novels Indicator - A bad economy can be heartbreaking. And what can be a good escape from heartbreak? A larger-than-life, cheesy romance novel! (3/11)
Read 12 tweets
7 Sep
The brilliant psychological ploy #businesses use to trick YOU into overspending.

A thread.👇
A decade ago, behavioral economist Dan Ariely noticed something strange about the subscription option of the international weekly magazine, The Economist.

The options were:
1. Web-only subscription - $59.
2. Print-only subscription - $125.
3. Web + print subscription - $125.
Dan thought what you’re thinking right now - "why would anyone buy the print-only subscription?"

On conducting a #study among MIT students, he found out that 84% chose the web and print option while only 16% of the students chose the web-only option.
Read 9 tweets
1 Sep
Ever wondered how buffet restaurants like Barbeque Nation offer unlimited food at such low prices?

A thread👇 (1/10)
Let’s start with their first offering - drinks. Soft drinks are one of the cheapest supplies for any restaurant, and these are offered in many ways - either as a complementary option or as a bottomless option where you pay for a glass but get unlimited refills. (2/10)
The idea is to make you drink them as much as possible so that you’re eating less food. (3/10)
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30 Aug
If you are a regular shopper, you might have noticed that women’s products cost more than the male equivalent or generic products.

Is this a fluke, or are #women paying more for products made for them?

Turns out, yes, women pay an invisible cost in the form of “The Pink Tax”👇
But the catch is - it’s not really a legitimate #tax imposed by the govt. It’s a cost added on products that are marketed towards women. The packaging on these products is often pink, ergo the name.
For eg, a study in the US found that the ingredients in shampoos & deodorants are almost identical for men & women, but prices for female-targeted items were nearly twice as much. Reports suggest that this pink tax costs women $2135 a year.
Read 7 tweets

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