Rise of Online Food Ordering Startups in India: Opportunities, Challenges and Innovations

Few Food #Startups which have caught investor’s attention lately while there are in-numerous food start-ups functioning, which still haven’t grabbed the limelight.

iTiffin plans to launch new products by 1st April across India, like ‘Munch Box’ to take care of day snacks and diabetic control ready to cook chapati flour. Also, it is launching salad by 15th May (only in Bangalore). With current manpower of 60, the company plans to gradually expand and grow, starting from Bangalore and then reaching out to other metropolitan cities.

For Bhojanshala, priority domain includes ‘Technology, Service and Customers’, and in ‘Customers’, the most important thing is, to retain them.

TinyOwl plans to expand across 50 cities by the end of 2015.

Holachef, Eatonomist and Yumist share similar future plans i.e. to expand and grow fast. #Faasos plans is to expand on the entire Asia Pacific platform.

Snackosaur, who are in talks to raise an investment, recently introduced snack subscription service, which gets replenished automatically for the customer with variety and a box full of surprises every time. They have plans of introducing new munchies and snacks in future.

Food StartUps and Company with the amounts raised:

• Yumist: USD 1 Million
• Frsh: USD 618K
• HolaChef: USD 320K
• SpoonJoy: Undisclosed
• iTiffin: USD 1 Million
• TinyOwl: USD 20 Million
• Faaso’ USD 20 Million
• FoodPanda: USD 147.3 Million
• Eatlo: No Funding
• TastyKhana: USD 5 Million
• JustEat: USD 89.1 Million
• DeliveryChef: Undisclosed
• Bite Club: USD 500K
  ** Source: iamWire Research

Related Articles:

30th March, Times of India: Innovative food delivery startups cash in on demand: If 2014 was the year of transport startups like Uber and Ola, 2015 promises to be the year food delivery startups come of age in India. Across major cities, entrepreneurs are experimenting with a variety of new business models to cater to the surging numbers of people who have little time to cook food at home……

30th March, Economic Times: Innovative food delivery startups like FreshMenu, iTiffin cash in on demand: Like FRSH and iTiffin, there are now a host of startups that both cook and deliver instead of following the marketplace model of connecting customers with restaurants, which is the forte of companies like Zomato, Delyver, Foodpanda and TinyOwl. The sheer number of cookand-deliver start-ups is higher, indicating that these entrepreneurs have been encouraged by the low entry costs and success of early birds like iTiffin