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.