ITC eyes pan-India expansion for FoodTech business in 3–5 years
safefoodmitra.com · 2025-02-21 10:47:49
Highlighting the sector’s potential, Bhalla noted that the Indian food service market is valued at ₹5.5 lakh crore. The food delivery segment alone is estimated at $8–9 billion and is projected to grow to $35–40 billion by 2030, according to industry reports. The company targets strong long-term potential in this space, added Bhalla.
Tapping into synergies
ITC FoodTech Business is leveraging its established FMCG brands — Aashirvaad, Sunfeast, and ITC Masterchef — to create fresh culinary offerings tailored to the food delivery and café markets, said Rohit Bhalla. The company’s cloud kitchen operations, launched in 2021, currently operate 40 kitchens across Bengaluru (21), Chennai (9), and Hyderabad (7–8).