Meet Vinayak Lohokare who built Rs 19 cr food business from Rs 5 lakh
Vinayak Lohokare launched Cafe Chocolicious in 2013 with Rs 5 lakh. He has also opened an eatery chain, called Chicken Affair, which has 10 outlets. Vinayak Lohokare, then 24, opened his first Café Chocolicious location in Pune in 2013 with a Rs 5 lakh investment from a 300 sq ft rented facility. After managing the outlet with two employees during the day and spending after-hours at the outlet till late at night, the mechanical engineering graduate from MIT, Pune, decided to quit his job a few years later, supported by his wife, and began to focus on his business full time. As a result of the franchise concept, the company expanded rapidly. Chocolicious now has 70 franchise locations across Telangana, Tamil Nadu, Andhra Pradesh, Karnataka, Rajasthan, and Gujarat, with a total revenue of Rs 15 crore. He has also created Chicken Affair, a restaurant business with ten locations and a current revenue of Rs 4 crore. Vinayak considers his current existence to be a dream co...