The FoodTech sector is one of India’s fastest-growing industries. Find out the top 7 foodtech companies in India 2022 you must know about.
India, the world’s sixth-largest economy, has a massive food sector. Retail startups account for over 70% of this segment’s sales.
The Indian foodtech sector strives to boost its efficiency and sustainability in all aspects by using technology to its core. Given its broad reach and spike in consumer confidence, new chances for competitors to ‘win with customers’ in an emerging market exist.
Foodtech players can improve productivity and sustainability in food production, assembly, distribution, and consumption by using technologies such as Big Data and the Internet of Things (IoT). There are numerous successful firms in the Indian foodtech area, as well as several that are young and promising. With the popularity of on-demand meals, personal chefs, and grocery and food delivery services, several food-tech sectors are growing.
Here are the top 7 foodtech companies in India 2022 you must know about:
1. Zomato
Deepinder Goyal and Pankaj Chaddah founded Zomato in Gurugram in 2008. Users of the Gurgaon-based Zomato platform may utilize mobile applications to discover restaurants, order, pick up, and book tables. On the app and website, users may post photos of menu items they order or an outlet’s photo, as well as information and reviews. It is currently present in 24 countries throughout the world.
The business has received around $673 million in investment from Glade Brook Capital, Ant Financial, and VY Capital, in addition to Glade Brook Capital.
2. Swiggy
Sriharsha Majety, Nandan Reddy, and Rahul Jaimini founded Swiggy in Bengaluru in 2014. Swiggy is an online food and shopping bazaar.
Sriharsha Majety, Nandan Reddy, and Rahul Jaimini launched it in 2014.
To route its delivery personnel to clients, the firm use a routing algorithm-based software. Swiggy’s delivery fee is now Rs. 30 (on average), however the site also offers free shipping on orders of Rs. 250 or more.
3. FreshMenu
Rashmi Daga founded FreshMenu in Bengaluru in 2014. FreshMenu is a Bangalore restaurant that uses cloud technology to provide neighborhood food delivery. Oriental, continental, Italian, Mughlai, and other cuisines are served in the restaurant. It serves around 12000 orders each day on average at a cost of INR 320 per order. The firm has received $24 million in funding from Lightspeed Venture Partners and GrowthStory Investments.
4. Faasos
Jaydeep Barman and Kallol Banerjee founded Faasos in Pune in 2011.
Faasos brings together eateries from various brands and private restaurants to provide guests a diverse selection of cuisine.
Customers may order meals using the company’s mobile app and website, which is now available in 16 Indian cities.
Some of the firms’ brands include Kettle & Eggs, Ovenstory, and Behrouz Biriyani.
Altia Capital, Sistema Asia Capital, Evolvence India, and others have invested $80 million.
5. Box8
Anshul Gupta and Amit Raj founded Box8 in 2011. Box8 is a Mumbai-based quick-service restaurant chain. The service is available on both Android and iOS. The $12 million obtained by the firm will be used to enhance technology, increase its personnel, and provide a seamless client experience. Mumbai, Pune, Gurgaon, and Bangalore are among the current sites.
6. HungerBox
Sandipan Mitra founded HungerBox in Bengaluru in 2016. HungerBox is the top institutional FoodTech company in India. HungerBox, founded in 2016 by industry veterans Sandipan Mitra and Uttam Kumar, manages the end-to-end F&B needs of approximately 160 organizations. Paytm, Sabre Partners, Lionrock Capital, Neoplux, NPTK, and Kris Gopalakrishnan, Co-Founder, Infosys have all contributed to the company’s $16.5 million fundraising round.
7. EAZYDINER
Vir Sanghvi founded EAZYDINER in 2014 in New Delhi. EasyDiner is a business that helps people locate restaurants and book tables.
You may book over 10,000 restaurants in India by using the app or visiting the website. Customers may earn Eazy points, which they can then spend as they see appropriate. EazyDiner’s booking procedure includes special benefits such as a complementary dessert or drink.
