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.
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.
Restaurant owners breathe easy as food delivery start-ups grow in size
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.