Despite growing order volume, the business model of food delivery apps is not sustainable in the long term.
Online Food Delivery
The global meal kit industry has witnessed a significant boom in recent years, in response to growing consumer demand for healthy and convenient meals at affordable prices.
Consumers who use online food delivery can indulge in the variety of restaurants and cuisines available on the internet, without the need to visit the stores or restaurants.
Indian food delivery firm Zomato has filed an initial draft paper with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) to raise as much as $1.1bn (Rs82.5bn).