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Food tech to be a billion-dollar sector in 2 years

Experts believe consolidation might be over and remaining players are here to stay

order, food, delivery
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At present, less than 10 per cent of the companies offer the mobile order-ahead feature (Photo: iSTOCK)

Karan Choudhury New Delhi
India’s food technology sector has had a trial by fire. After a bloodbath for more than a year and a half, which saw the demise of as many as 20 companies, the sector has emerged stronger and is on the path to become a billion-dollar industry.

According to industry experts, almost $700 million of fresh capital has been infused into the sector in the past four months.

After a recent spate of big-bang funding of food discovery and delivery apps, experts believe the sector’s consolidation might be over and the remaining players are here to stay and thrive.

Swiggy has