Swiggy entered India’s food and grocery retail market by acquiring Lynk Logistics Limited, authorised distributor of FMCG brands.Ī Report Ocean report on India Food Tech Market report found that India’s food-tech market valued at Rs 289.36 billion in 2019, is expected to reach Rs 1,868.19 billion by 2025. Biryani was found to be the preferred dish of choice. Data from Zomato Food Trends for orders between July 2022 and May 2023 found that North Indian food contributes to almost 25% of orders. North Indian food continues to remain a favourite…with people ordering from food delivery app, Zomato. A month on, they are now adding restaurants to the system. Last month, Kerala’s Food Safety Department launch a mobile application - Eat-Right Kerala - allowing users to check the hygiene ratings of the hotels in the state. It was probably introduced to celebrate an Indore restaurant making it to the Golden Book of World Records for serving 51 unique pani puri flavours, in 2015. On July 12, the Google Doodle featured a special interactive game about pani puri. Here is the other news from the food and hospitality sector. Luxury space travel company Zephalto plans to launch the rocket ship Celeste by the end of 2024 taken guests into the second layer of the Earth’s atmosphere and offering them a Michelin-starred meal. Those who have a crore to spare, and aren’t spending it on tomatoes, can book a meal in outer space. Elsewhere, Pizza Hut is promoting its Rs 79 pizza and last month, McDonald’s introduced half-price meals. Domino’s launched the world’s cheapest pizza in the country, at Rs 49 -a seven-inch cheese pizza with parsley and basil. Inflation is having an effect on fast food chains too. In its July bulletin, RBI says that spillovers from tomato price spikes to prices of other commodities and unhinging inflation expectations remain a ‘major concern’. Higher prices of vegetables, pulses, spices, eggs, meat and fish have seen the food and beverages inflation jump from 3.35 percent in May to 4.7 percent in June. The rising cost of the vegetable is causing trucks to be kidnapped, turning some farmers into crorepatis, and of course, resulting in a lot of memes. Joanna Lobo rounds up all the biggest news in F&B this month.
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