SEPTEMBER 20194The food tech industry has seen an unprecedented growth in terms of size and revenues over the past five years. With new consumer demographics comprising young, urban-dwelling working professionals driving its growth, food tech has been amongst the most promising sectors within the Indian startup ecosystem. According to TechSci Research report, the food tech market in India is projected to grow at a CAGR of over 12 percent during 2016 ­ 2021. The industry is poised for even greater growth with the use of tech and estimated to $894.98 Bn in size by 2020. The industry has undergone a huge transformation in terms of adoption of new age technologies. Segments like grocery delivery, personal chefs, box delivery, and on-demand meals are becoming increasingly popular, leading to an unprecedented number of startups joining the race for market share. The new-age startups are actively using new technologies like robotics, artificial intelligence, machine learning or computer vision to invent and optimize solutions. Companies in the food-tech space are increasingly moving towards integrated models with multiple monetization channels. The food aggregation and marketplace model is nearing saturation leading to startups exploring emerging business models such as cloud kitchens, ratings, and review. Also, the more established players are expanding their footprints, streamlining processes and offering consumer-specific services. In our current edition, we have listed "10 Best Startups in Foodtech". The list features unconventional startups in the space that are revolutionizing the industry with the exceptional adoption of these technologies. With every passing day, these food tech startups are fine-tuning their business models and improving their unit economics.Do let us know your thoughts.Nandini MukherjeeManaging EditorInnovation & Food EDITOR'S NOTE Vol 5 · Issue 3 - 1 · September, 2019 Publisher Alok Chaturvedi Managing Editor Nandini Mukherjee Editorial Team Amit Raja Naik Aparna Roy Anushua Aich Monica Pallavi J Riya Sethi Sales & Marketing Felish Rita Tapas Mallick Editorial Queries editor@startupcity.com To subscribe Visit www.startupcity.com/subscribe Cover price is Rs. 150 per issue.Printed and Published By Alok Chaturvedi on behalf of Siliconmedia Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017. Editor Alok ChaturvediCopyright © 2019 SiliconMedia Technologies Pvt Ltd, All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.sales@startupcity.comGroup Art Director Ashok KumarCirculation Manager Magendran PerumalVisualisers Manjunath Siva ShankarGM Sales & Marketing Virupakshi Pattarsiliconindia
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