FoodTech

By: Bank of Baroda
Thu Oct 22, 2020
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Evolving customer expectations have made the F&B space one of the most exciting sectors in India. Within F&B, food service, delivery and management are seeing rapid changes that are heavily affected by technology and has given birth to “Foodtech” which is growing significantly thanks to smartphone penetration, easy/cheap internet access, higher disposable incomes and favorable demographics etc.

Hi Arya, a food-tech company, in collaboration with LeewayHertz, has built a robotic tea maker based on AI and IoT capabilities. The smart tea maker enables users to create their own recipe from a web interface, mobile app and the machine itself. Essentially, users place the order for their cup of tea using the web interface, machine or mobile app. As soon as a user places an order, the machine starts preparing the tea and the user can enjoy live-feed features to watch their tea being prepared.

Tomra Systems ASA has developed AI-based food sorting equipment targeting the french fries, peeled potatoes and the diced and ground meat market. Tomra’s food processors can help food-processing companies automate food analysis tasks such as measuring the size, shape and color of french fries or analyzing the fat content in meat.

UK-based robotics company, Moley, is the world’s first fully-automated robotic kitchen unit “RoboChef”. It has already built a full-stack automated kitchen that can learn recipes, cook and even clean up after cooking. With RoboChef, consumers and professional chefs alike can develop, demonstrate, share and sell their recipes on a cloud-based recipe-sharing platform. For users RoboChef is a great time-saving and value generation technology in the service robotic market. Users select a menu remotely, have ingredients delivered and get a scheduled meal on time 24/7.

FoodyBuddy, Bengaluru-based food startup, connects food lovers and home chefs on one platform with the aim to serve healthy and fresh meals. FoodBuddy also helps home chefs run a business from their kitchens at their convenience with minimal resources and investment. A customer can see a variety of cuisines (over 1,000 different dishes) on the platform that are chosen by the home chefs serving on the platform.

According to a 2018 report by Goldman Sachs, the Indian food delivery market alone is expected to grow seven-fold in seven years – from USD 1 billion in 2018 to USD 7 billion by 2025. The report further projects that the online food market in the country can cross 100 million orders per month in FY23.

Credits : Akhil Handa

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