The Future for Indian Food Tech Is Not Just About Food Delivery

The food delivery app battle is increasing nowadays after a nationwide lockdown. The customers are showing their interest in placing online orders and enhancing the growth of internet businesses. A food delivery startup is one of the premium choices available to raise large amounts of capital, especially during the pandemic.

A majority of funding for India as food delivery will suggest the food tech market concentrate on other essentials also with food delivery. You need to know everything about the food delivery app development company before starting an online food technological business.

A majority of the funding in the food delivery industry has finally achieved the equilibrium now in terms of cutthroat competition. The reports are saying that food delivery apps provide an opportunity to cross a million amounts of revenue by 2025. As the online ordering trend becomes more and more prominent in the country, the food delivery platforms are growing their user base.

Swiggy and Zomato are focusing on exponential growth in the food delivery app development and looking forward to artificial intelligence to improve the customer experience. Some of the information about the future plans of the food delivery businesses is described below.

Swiggy Biz Model

According to the media and news reports, Swiggy has got huge numbers of user interactions during the pandemic (lockdown period). In order to keep up with the maximum growth, the food delivery app is looking forward to using artificial intelligence as a solution to many problems. The Head of the engineering and data science team says that artificial intelligence is essential for them to sustain growth and development.

It is a super local store in delivery and commerce because it offers everything like a movie ticket, ride-sharing, home services, payments, and lifestyle services. There is a narrow down of their focus on hyper-local deliveries. It becomes evident to add upcoming revenues through the food delivery app development company.

Swiggy has originally entered grocery using the marketplace model in September 2019. For now, the brand is serving grocery delivery only in two cities namely; Gurugram & Bengaluru. Typically, it has become an eCommerce marketplace. It is the future of Indian technology, which is not limited to food delivery.

Zomato Biz Model

Zomato and Swiggy are considered rivals in the food delivery app development company business. Both the platforms are totally different and concentrate on growth and development. Zomato was founded in 2008 as a restaurant discovery platform serving information on online menus, dishes, and user reviews. The primary source of revenue for food delivery app development included sales and food delivery with Zomato Pro subscriptions. A larger restaurant will eventually have a supply change for fresh sourcing material. Zomato for now needs a detailed evaluation on its user market.

Here is an infographic from Zomato, reflecting the average monthly transacting users, active restaurants and active delivery partners as per 2019-2020.

While Zomato is going for a full-stack approach for food delivery app development, the rivals are now moving ahead with the super app's concept. The concentration of the food technology and food delivery business is on highly efficient logistics operations. The model can become more successful over global South East Asia and the US.

Food delivery unit economics drag down by higher discounts

The food delivery app development companies are now keeping an eye to enhance their current industry value through various verticals. For them, one of the best ways to do it is through expansion. Definitely, only delivery won’t work out so one of the options that these industries are looking forward to is the cloud kitchen concept. It is important that food companies understand the complexities of operations and working styles.

As a result, efficiencies are available, which secure safety, timely delivery, and a quality experience in the deliveries. Every food delivery app startup wants to implement the strategy into reality to succeed over the years and years.

Wish to build a food delivery application?

Launching a food delivery startup is one of the trending businesses in 2021. We at iCoderz Solutions help you empower your business operations by designing and developing food delivery applications like Swiggy and Zomato. We can also help you launch a super app model with your food delivery concept as we recently did for a client. Connect with our on-demand experts for food delivery application development services.