Is this the Beginning of the End?

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Is this the Beginning of the End?

So why are so many third-party food delivery apps all suddenly starting to struggle to survive? Besides the common consumer complaints mentioned above, delivery costs are outweighing the revenue per order, especially in the Indian market. India used to be a hub for these food delivery apps and the future looked bright for these food tech companies last year. But this year is a totally different story.

“Now there are hardly 10 left standing,” said Harshvardhan Mandad, the co-founder of TinyOwl, a food delivery start-up closing up shop, to Bloomberg.com. Mandad said there were 80+ startups the previous year.

Indian food tech startups aren’t the only ones struggling.

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