Indian Foodservice delivery market will be worth US$ 13 billion by 2023

The Indian Foodservice Delivery report 2021 has forecasted that the Indian foodservice delivery market will reach INR 93,600 Crore (US$ 13 billion) in Gross Merchandise Value (GMV) by 2022-23. It was worth INR 37,440 crore (US$ 5.2 billion) in GMV in 2019-20. It grew at 33% CAGR over the previous 3 years.

In the last five years or so, the foodservice delivery market in India has seen unprecedented change; new entrants powered by sophisticated technology have radically changed the market dynamics and innovative models, exemplified by cloud kitchens, have been created successfully.