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The Future For Indian Foodtech Giants Is Not Just About Food Delivery

With the start of a new financial year, India’s foodtech startups are once again flush with funds, but the upcoming fight is no more about market share The two foodtech giants Zomato and Swiggy has passed well over the $1Bn mark, and now both companies are now diverging on how take business forward As Zomato deepens focus on B2B services for restaurants, Swiggy is going all-in with its focus on expanding into new non-food categories With several casualties such as TinyOwl, Foodpanda, Spoonjoy, and even UberEats (which exited to Zomato) in the past, the Indian food delivery market continues to be a tough nut to crack. Yet investors betting on the food delivery market are not surprised. According to a report by market research firm HSBC Global Research, venture capital and private equity funding into Indian food delivery and foodtech startups has been growing steadily since 2014, and there are no signs of a slowdown.........Read more