Columns

10-min food shipping to order twenty% of food-tech market, states Curefoods' Ankit Nagori, ET Retail

.( L-R) Pallavi Goel, Elder Reporter, ETRetail (Moderator) and Ankit Nagori, Founder, Curefoods New Delhi: In a daring prediction that can enhance the future of food delivery, Ankit Nagori, Founder, Curefoods, has proposed that 10-minute meals shipping could comprise 10-20 per cent of the overall food-tech market within the following 18 months.Speaking at the fourth edition of ETRetail E-commerce and also Digital Natives Peak, Nagori pointed out, "I wouldn't be stunned if 10-20% of the whole entire food-tech market adopts the 10-minute style within the upcoming 18 months. This could quite possibly be actually the future of just how we consume." He pointed out the simple fact that customers are actually gladly paying off an ease charge of Rs 20 to 40. "Folks are paying out shipping charge right now, which made use of to become an extensive debate in the field," he pointed out. "This shift in consumer behaviour is a major reason why these platforms are maintainable and also positioned for substantial growth." With a quickly developing acceptance of delivery costs, Nagori suggested that the food business will definitely comply with in the tracks of the quick-commerce industry. "A lot of food stores have a little cupboard, where they offer club sandwiches, coffee, instantaneous noodles, idli in addition to this the airport terminal flash food - Every one of that can be delivered under 10 moments." Will Curefoods introduce 10-minute deliveries?While Curefoods isn't planning to launch its very own dedicated application, Nagori mentioned a collaboration along with established quick-commerce and also food-tech platforms. "We perhaps won't launch our own application, however our company are actually incredibly ready for working together along with platforms like Zomato, Swiggy, Zepto, and Blinkit to develop a 10-minute source establishment."" We currently have products like idlis and also other meals that could be prepped and also packaged in merely two moments. Along with our existing structure, our company can easily permit 10-minute shipments from 300 of our 450 sites," he explained.Nagori highlighted that Curefoods has both the menu assortment and also the functional quality to satisfy the needs of easy shipments. "If some of these platforms would like to permit 10-minute delivery, our company have up to fifty SKUs all set to go coming from several home kitchens around the nation," he incorporated.
Posted On Sep 10, 2024 at 05:26 PM IST.




Participate in the neighborhood of 2M+ sector experts.Subscribe to our bulletin to get most current ideas &amp review.


Download ETRetail App.Get Realtime updates.Spare your preferred write-ups.


Browse to install Application.