In our #Outlook16 series, we asked hyperlocal delivery companies about their key takeaways in 2015, their plans for 2016 and the challenges that the segment need to address. We spoke to Faasos, TinyOwl, Swiggy, PepperTap and Grofers. Faasos, TinyOwl and Swiggy are food delivery companies while Grofers and PepperTap are hyperlocal delivery companies. Answers have been edited for brevity. What have been the top developments for the sector in 2015? Revant Bhate, Faasos Food tech cannot be synonymous to aggregators but has to also consider other service providers existing in this space. Hence, we would say 2015 made people realise what food technology stands for. [caption id="attachment_146242" align="alignright" width="150"] Harshvardhan Mandad[/caption] Harshvardhan Mandad, TinyOwl One of the top developments for the sector have been ‘wallets’ which is already conquering the app sector. People are preferring variety of payment options under one roof. Nandan Reddy, Swiggy - Angels and VCs have been very active and that augurs well for the growth of food-tech industry in particular. - While starting off from a small base – players have now established themselves across the country with transactions running in hundreds of thousands. - Since the industry is overcrowded with over 250 players, the year has also witnessed some consolidation and downfall of companies which managed to get initial rounds of funding but failed to create a differentiation in their offering/ service. What has been the biggest challenge for the sector in 2015? Revant Bhate, Faasos There was too much froth in the market. The situation was similar to…
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