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India's online food delivery GMV to hit $13bn by 2024: report

Sep 12, 2020 12:11 IST

The market for online food delivery in India is expected to be valued at $13 billion by 2024, finds a new report by Bengaluru-based consulting firm RedSeer. The sector is set to clock in 12 million daily orders on average as the industry scales to more than 500 cities, observing a 10x growth in gross merchandise value (GMV) in the last 3 years. RedSeer consultant added in a statement that growth is expected to come from 'ads, loyalty programmes, cloud kitchens, hyperlocal delivery and procurement offerings.'

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