Hotline: 1800 102 2007
X
Search Business Opportunities
operation 2015-10-17

Food-Tech start-ups can emerge as a backbone for the industry

With segment becoming hot in the space, where restaurants have also started participating with these players to deliver their food, these segments may overcome as the supply chain head for the food business in India.

By edit@franchiseindia.net
Food-Tech start-ups can emerge as a backbone for the industry

At a time when India is going though the biggest tech-disruption, industry players believe technology start-ups have the potential to innovate and solve problems, particularly at the supply end.

The industry drawn by the supply chain also wants back-end issues like cold chain infrastructure to be improved.

Experts on a panel discussion on “Real Food Start-ups” at TiEcon Delhi 2015 pointed out to the huge potential in the food space as more and more Indian consumers opt to eat out or take home deliveries. With a younger demographic, higher disposable incomes and increasing globe-trotting, consumers are ready to spend on quality food, said Ritu Dalmia, Co-owner of Diva Restaurants.

Riyaaz Amlani, MD and CEO, Impresario Entertainment shared, “high real estate costs, scarcity of skilled hospitality graduates and a complicated licensing regime continue to be big challenges.”

“The sourcing quality ingredients also remain a challenge for restaurants and FMCG players in the food space, and this expands the scope for innovative solutions. The food tech space, which is attracting substantial investments, is likely to become a bigger industry in three-four years,” added Amit Burman, Chairman, Lite bite Foods and Vice-Chairman, Dabur India.

Sharing on the same lines, Ashish Kapur, MD of The Wine Company said that food delivery services need to understand the expectations of customers and ensure that the last mile delivery experience is consistent.

Hence, with segment becoming hot in the space, where restaurants have also started participating with these players to deliver their food, these segments may overcome as the supply chain head for the food business in India.

Comment
Related opportunities
  • About Us: Growing Tots emerged in 2014. The Directors have 12..
    Locations looking for expansion Karnataka
    Establishment year 2009
    Franchising Launch Date 2014
    Investment size Rs. 5lac - 10lac
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bangalore Karnataka
  • Casual dine Restaurants
    About: Savera, one of the first star hotels in Chennai is..
    Locations looking for expansion Tamil nadu
    Establishment year 1980
    Franchising Launch Date 2017
    Investment size Rs. 30lac - 50lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Chennai Tamil nadu
  • Quick Service Restaurants
    About Us: The only nationalised Chinese wok Quick Service Restaurant (QSR)..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Multi Cuisine Restaurant
    About Us: Shaking up the traditional food & drink space with..
    Locations looking for expansion Gujarat
    Establishment year 2004
    Franchising Launch Date 2018
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 3000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories

Free Advice - Ask Our Experts