Online food delivery market posts 40% growth in 2014: Report

By Rashi Varshney On Sep 10, 2015

egov, digital india, eGovWatch, NPCI, Unified Payments Interface, UPI, financial inclusion, Raghuram Rajan, Governor, Reserve Bank of India, Nandan Nilekani, Advisor NPCI, Balachandran M., Chairman, A P Hota, MD & CEO, Dilip Asbe, COO, NPCI Mumbai, digital payments, mobile wallet apps, mobile payments, National Payments Corporation of India, digital adalat, e pension, job portal for disableds, International Women's Day, egov, digital india, modi govt initiatiatives, WCD, women and child development ministry, E haat, women entrepreneurs, women in india, Mahila E-Haat, Rail budget 2016, eGovWatch, egov, digital india, indian railways, railways, suresh prabhu, E catering, food indian railway, indian railway train status, indian railway enquiry, indian railway pnr status, indian railway app, indian railway recruitment, indian railway recruitment 2016, indian railway seat availability, indian railway time table, mobile, doordarshan, health apps — eCatering service extended to 408 major railway stations : Railways has extended the station-based e-catering service to 408 stations giving passengers with more food choices. Indian Railway Catering and Tourism Corporation Ltd. (IRCTC) had earlier introduced the facility at 45 stations in September last year on a trial basis. It was a successful trial and we received good response. So now we have decided to extend the service to 408 major stations across the country, said a senior Railway Ministry official.The facility is only for stations and not on moving trains.

A report by Internet and Mobile Association of India (IAMAI) said that online food delivery market in the country has witnessed an impressive 40% growth in 2014, reaching Rs 350 crores.

The online food delivery market is growing up at a fast pace. A report by Internet and Mobile Association of India (IAMAI) said that online food delivery market in the country has witnessed an impressive 40% growth in 2014, reaching Rs 350 crores.

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“The food delivery segment is now witnessed to a lot of traction, and it is not surprising that the segment is growing at a fast clip. Significantly, the online food delivery market constitutes 17% of the overall other online services pie,” the report said.

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Talking about the online activity in other sectors, it said online booking for commuting (cabs etc.) has also seen a rapid growth during 2014 accounting for 30 per cent growth. By the end of 2014, the online commuting market in India was Rs 600 crores.

“The other online services market has grown with a CAGR of 73 per cent since 2010 and was valued at Rs 2,025 crore by December 2014. This segment includes emerging service categories like online entertainment ticketing, online commuting, online food and grocery delivery,” Internet and Mobile Association of India (IAMAI) said.

Similarly, online buying of tickets for movies, sports, shows/ concerts accounted for 49 per cent in the the overall pie and stood at Rs 990 crore.Further the report said that the online grocery market accounted for six per cent of the total other online services.

IAMAI-IMRB data also revealed that the e-Tailing category has grown manifold with a CAGR of 33% from Rs 2,372 crores in the year 2010 (Jan-Dec 2010) to Rs 10,004 crores in year 2013 (Jan-Dec 2013). It further grew by 1.4 times and reached Rs 24,046 crores in December 2014.

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IAMAI online food delivery