LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS

Read in App
Business News » Small Business News

Indian online food delivery orders grow by 15% in Q2 with focus on under-penetrated cities

The April-May-June quarter saw a large growth of 15% from Q1 2017 due to the increase in volume from under-penetrated cities.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Indian online food delivery orders grow by 15% in Q2 with focus on under-penetrated cities
Online food delivery company Zomato's website. Photo: Zomato official website
Written By: ZeeBiz WebTeam
Updated: Mon, Sep 11, 2017
05:12 pm
Mumbai, ZeeBiz WebDesk
RELATED NEWS
India witnesses high level of merger and acquisition in online food delivery start-up space India witnesses high level of merger and acquisition in online food delivery start-up space
Restaurant owners breathe easy as food delivery start-ups grow in size Restaurant owners breathe easy as food delivery start-ups grow in size
More and more restaurants are turning to food delivery start-ups More and more restaurants are turning to food delivery start-ups
Grocery delivery start-ups get ahead of food delivery start-ups in funding Grocery delivery start-ups get ahead of food delivery start-ups in funding
Indian online food delivery grows by 150% in volumes in 2016 Indian online food delivery grows by 150% in volumes in 2016
Key highlights:
  • Indian online food delivery industry has seen a 15% growth in Q2
  • Quarterly gross merchandising value (GMV) registered a growth of approximately 17%
  • Players in online food delivery business were pushing for growth in volumes in under-penetrated cities

The Indian online food delivery industry has seen a 15% growth in second quarter of 2017. The April-May-June quarter saw a large growth of 15% from Q1 2017 due to the increase in volume from underpenetrated cities.

The daily order volume saw a huge surge in Q2 2017 as it increased to 3.49 lakh from 3.04 lakh in Q1 2017, a growth of 15%, according to a RedSeer Consulting report.

Even the quarterly gross merchandising value (GMV) registered a growth of approximately 17%. This is as the GMV in Q2 2017 stood at $173 million from $148 million in Q1 2017.

The report said that with the growth being limited in the penetrated cities, many of the players in the Indian online food delivery business were pushing for growth in volumes in under-penetrated cities.

“The AMJ-quarter witnessed slower growth trend than JFM-quarter. With the growth being limited in the penetrated cities, players have launched several marketing campaigns to increase order volume in underpenetrated cities. Chennai, Mumbai and Pune are the key focus cities for increasing volumes,” said the report.

Source: RedSeer Consulting

The marketing campaigns in these under-penetrated cities such as Chennai, Mumbai and Pune seemed to have worked as the growth in the market food delivery orders have increased significantly during the quarter.

A recent RedSeer Report has also pointed out that restaurant deliveries dipped in the April to June period as online food deliveries went up. It said that nearly 30-35% of the business of restaurants comes from the Online Food Delivery partners.

The online food delivery industry has been growing at a massive pace. It amassed $300 million in 2016 as it grew by 150% year on year in terms of order volumes.

This is despite the industry experiencing many roadblocks during the year which led to many players scaling down operations or shutting down their operations in certain places. Even investment in this segment slowed to below $80 million in 2016 from $500 million a year prior.

ALSO READ:
  • Restaurant owners breathe easy as food delivery start-ups grow in size
  • Indian online food delivery grows by 150% in volumes in 2016
  • More and more restaurants are turning to food delivery start-ups

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Indian online food delivery industryfood delivery growthChennaiMumbaiPuneRedSeer Consultingmarketing campaignsStartups
RELATED NEWS
India witnesses high level of merger and acquisition in online food delivery start-up space India witnesses high level of merger and acquisition in online food delivery start-up space
Restaurant owners breathe easy as food delivery start-ups grow in size Restaurant owners breathe easy as food delivery start-ups grow in size
More and more restaurants are turning to food delivery start-ups More and more restaurants are turning to food delivery start-ups
Grocery delivery start-ups get ahead of food delivery start-ups in funding Grocery delivery start-ups get ahead of food delivery start-ups in funding
Indian online food delivery grows by 150% in volumes in 2016 Indian online food delivery grows by 150% in volumes in 2016

LATEST NEWS

Crackdown on income tax evaders! Critical notification by CBDT on evasion, Benami Property, Black Money - PAN, Aadhaar not needed, just do this online now

How to check IRFC IPO Allotment Status Online: All you need to know in one place

FAUG, PUBG Mobile India top rival, all set for launch today| Big record! How to download, APK file, pre-registration and more

CBSE Class 10, Class 12 exams 2021: Datasheet announcement in March? What past trends suggest and possible reasons for delay

Miracle! Apple Watch saved this kidnapped woman from criminals; you won't believe what happened

7th Pay Commission latest news: Whopping salary plus allowances; check details of this central government job at joinindianarmy.nic.in

FAU-G: Wait over! Download now, says Akshay Kumar - Here is game link

Microsoft says Surface Pro 7 better than MacBook Pro in new ad

Bitcoin, cryptocurreny inflows hit record last week - CoinShares

Have car? You will have to pay up to Rs 5,000 fine in case of this big mistake

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved