Top 5 Online Food Delivery Companies in India

The India online food delivery size reached US$ 36.3 Billion in 2023. The market is primarily driven by the increasing access to high-speed internet facilities and the surging sales of smartphones. In addition, the rising working population and inflating income levels of consumers are escalating the demand for online food delivery services. Besides this, the emerging trend of the on-the-go food items and quick home delivery models that offer ready-to-eat (RTE) and affordable food delivery options is also contributing to market growth.

As per the analysis by IMARC Group, the top online food delivery companies are expanding their services to smaller cities, as they have strong growth potential. Moreover, with the sudden outbreak of the coronavirus disease (COVID-19) pandemic, various leading players, such as McDonald's Corporation, Zomato, and Domino’s Pizza Inc., have introduced contactless delivery services to ensure that the food is not touched by bare hands and is delivered safely while adhering to social distancing measures. Besides this, food delivery platforms have introduced subscription offers for regular customers to avoid delivery charges imposed on every meal. Looking forward, IMARC Group expects the market to reach US$ 257.7 Billion by 2032, exhibiting a growth rate (CAGR) of 24.32% during 2024-2032.

Learn about opportunities, challenges, and trends in the Indian Online Food Delivery market with IMARC’s market research report. Try a free sample today!

List of Top Companies Operating in the Indian Online Food Delivery Industry:

The India online food delivery market has several major players, including Zomato, Swiggy (Bundl Technologies), Foodpanda, Fasso's, and Domino's. More information about these companies has been provided below. 

1. Zomato

Zomato is a multinational food delivery and restaurant discovery platform. Its core business is focused on providing users with restaurant information, menus, reviews, and ratings. The platform allows users to search for restaurants by cuisine, location, and price range, and also provides options for online table reservations and food delivery services. In addition to its core business, Zomato has expanded its operations to include other services such as grocery delivery, online ordering, and events and experiences. The company operates in over 24 countries worldwide, including India, the United States, Australia, and the United Arab Emirates.

2. Swiggy (Bundl Technologies Private Limited)

Bundl Technologies Private Limited doing business as Swiggy, is an online food delivery platform that has operations in over 500 cities across India. It is primarily engaged in delivering food from local restaurants to customers' doorsteps. The platform uses an advanced technology system to provide fast and reliable food delivery services, with an average delivery time of around 35 minutes. In addition to its food delivery services, Swiggy offers other services such as online ordering, table reservations, and grocery delivery. The company has also launched its own cloud kitchens under the brand name Swiggy Go, which allows it to offer customers a wider range of food options.

3. Foodpanda

Foodpanda is a global online food delivery platform that currently operates as a subsidiary of Delivery Hero. The platform offers a wide range of cuisines and menu options, allowing customers to choose from a variety of food choices. In addition to food delivery services, Foodpanda offers pick-up and take-away services from partner restaurants. Presently, the company operates in over 40 countries worldwide, including Asia, Europe, and the Middle East. Besides, it has partnerships with thousands of local restaurants and food vendors, providing customers with access to a diverse range of food options.

4. Faasos 

Faasos is a food delivery and quick-service restaurant chain that operates in over 15 cities across India. It provides customers with a wide range of food options delivered to their doorstep. The platform offers a diverse range of cuisines, including Indian, Chinese, Italian, and more, and allows customers to order food through its website and mobile app. In addition to food delivery services, Faasos operates its own quick-service restaurants, where customers can dine-in and order food from a limited menu. The company has also launched its own cloud kitchens and won several awards for its innovative approach to the food delivery industry, including being named as one of India's most innovative companies by Fast Company in 2017.

5. Domino's

Domino's is an American multinational pizza restaurant chain that has over 17,000 stores in more than 90 countries worldwide. It is primarily known for its pizza offerings, which range from classic options like pepperoni and cheese to more unique toppings like chicken tikka and tandoori. The company also offers sides such as breadsticks, chicken wings, and salads, and desserts like chocolate lava cake and cinnamon twists. In addition to its traditional dine-in and take-out services, Domino's has become known for its delivery services. The company was one of the first to implement a 30-minute delivery guarantee, which promised customers that their pizza would be delivered within 30 minutes or it would be free. Besides this, the company has experimented with drone and robot deliveries and has introduced a voice-activated ordering system through Amazon's Alexa.

Get an inside look at the India online food delivery market with exclusive insights, including:

• CAGR projections during the 2023-2028 forecast period
• In-depth information on the factors that will fuel the India online food delivery market growth in the next five years.
• Precise predictions regarding upcoming trends and potential changes in consumer behavior
• Analysis of the India online food delivery industry's expansion at the state level.
• A thorough review of the market's competitive landscape and detailed information on key players
• Detailed explanations of the challenges that could impede the growth of the India online food delivery market.

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