The Food &Beverage industry in India is said to be growing at a CAGR of 25 percent and the total size of the industry is estimated to be worth $13.56 billion. The food delivery market in India is estimated to be worth $1.6 billion, growing at 30 per cent a year. However, less than two per cent of these delivery orders are placed online. This vast difference has led to innovation across the board in the food vertical. Whether it’s tech-only startups making dining in/out seamless or food startups deploying technology for improved products or customer experience, it’s all happening in the space. The foodtech space in India is also seeing tremendous support from investors with startups like Box8 and HelloCurry raising 21cr INR and 3cr INR respectively.
Some food tech startups to watch out for in 2015 are:
- Eatlo-Eatlo is a food delivery app where users get quick and hassle free food from the best chefs. Eatlo has its own kitchen in Bangalore and is backed by investors like Deap Ubhi (Burrp founder), Abhishek Goyal (Tracxn, UrbanTouch, and Accel Partners), etc. Eatlo is currently doing 550+ lunch orders everyday, has a website and an android app to order from.
- Holachef-Mumbai-based Holachef was founded in September 2014 by Saurabh Saxena and Anil Gelra. They call it a ‘fine dine restaurant in the cloud’. The mobile-first delivery of meals from chefs’ kitchens has raised Rs 2 crore funding from India Quotient in the form of convertible notes.
- Swiggy-Swiggy is a food ordering and delivery startup based out of Bengaluru which started its operations in August 2014. Swiggy has its own fleet of delivery personnel equipped with smartphones with an app powered by routing algorithms, who pick-up orders from restaurants and deliver it to customers. Within eight months of its launch, Swiggy has secured $2 million funding from Accel Partners and SAIF Partners.
- TapCibo-TapCibo wants to be an on-demand food court mobile app. It wants to enable smaller food entrepreneurs by enabling distribution for them via the app. TapCibo intends to become the technology backend for food entrepreneurs – small restaurants, eateries, and bakeries etc. It has raised an undisclosed amount of funding from Alok Goel, CEO of Freecharge.
- Yumist-This food delivery startup raised its first round of funding from Orios Venture Partners. Yumist aims to provide easy access to tasty and homely daily-meals. A combination of food, logistics and tech, Yumist owns the entire delivery supply chain. It allows customers to place orders in a few seconds through its Android app and the meal is delivered hot in under 30 minutes.
The writer is a student at SSCBS, DU. The views expressed are based upon the analysis and research that the writer did on the topic from various books, reports and web articles. The writer regularly writes for Corporate Monks as a research associate. The writer takes personal responsibility for the ownership of the content shared and incase some sources have not been given credit, you can directly mail the writer firstname.lastname@example.org