Indians cannot live without TASTY food
India is a hugely populated country and we have a huge demand and supply of food. We have also seen a surge in food-related startups that includes gourmet cuisines, delivery, and tiffin services. No doubt, the retail sector sees 70 % of the total sales in the Indian Retail Sector that comprises the food sector. The food sector is no doubt a rapidly growing sector as the emergence of grocery delivery services such as Big Basket and Grofers is seen.
There is a huge influx of food tech startups that includes an increasing number of food startups, Agri startups, and many other budding startups that are in the prototype stage.
We have shortlisted a few of the startups for you that are performing exceptionally well.
Founders: Deepinder Goyal and Pankaj Chaddah
Founded in 2008
Zomato is a gurugram based food delivery and discovery app that enables customers to deliver food at any time of the hour with the choice of the food. It enables you to search from more than 1000 restaurants across the globe. Currently, it is operating in more than 24 countries. This startup has funding of $673 Million from Glade Brook Capital, Ant Financial, VY Capitals, and others.
Founders: Sriharsha Majety, Nandan Reddy, and Rahul Jaimini
It is a Bangalore-based startup that created ripples in the food tech industry and has taken the world by storm. They are known to deliver food and desserts within 40 minutes. This is the basis of routing algorithms. Swiggy charges Rs.30 for a single order but if it has more orders then it gives for free. Really enthralling.
Swiggy has an employee strength of 5000 employees and is now operating in more than eight cities. It has raised funding of $1.67 Billion,
Founders: Jaydeep Barman and Kallol Banerjee
This is Pune based startup by the name of Faasos, “food on demand” currently operating in the 16 Indian cities.
Biryani By Kilo
As the name suggests, it is a food delivery app that delivers particularly across the cities. The startup has now opened in Bengaluru, you can get Biryani from Lucknow and Hyderabad by sitting in Bengaluru. Hai Na Amazing App.
The startup is planning to raise capital through the local Venture Capitalists.
All these food tech startups are rocking in India and many more promising startups are in the league. No doubt, on-demand food apps are convenient and offer attractive offers and discounts. There are schemes that are currently going on at Zomato. Check out the Zomato site for more info.