The rise and rise of QSR: Number of start-ups up 23% since 2016

There were 34 companies added to the segment in 2016

The quick service restaurant (QSR) segment has been in the news with McDonald's expansion in the northern and eastern parts of the country. 

Canadian chain Tim Horton has also talked about growth plans in recent times with announcements of 120 new outlets in three years. The QSR segment is expected to register strong growth in the years to come, shows data. 

It is likely to reach over Rs 85,000 crore in size according to industry projections. The number of start-ups in the QSR segment has been rising, and hit a multi-year high of 434 active companies, shows data from Tracxn