Food Tech, popularly known as online food delivery business, is considered as a cash intensive business. The cash is burnt primarily on account of spending on technology, customer acquisition (including marketing) and logistics. According to India Brand Equity Foundation (IBEF), the food and grocery market in India is the sixth largest in the world, with retail contributing 70% of the sales. It is projected to touch US$482 billion by 2020, growing at a rate of 104%. The organized food industry Read more [...]