Amazon to enter Indian foodtech; How Sheela Kochouseph built a Rs 100 Cr company
As the multibillion-dollar market opportunity awaits tech-dominated food delivery startups in India, there is one more disruption waiting to happen as Amazon is all set to make its entry into the foodtech space.
At present, the food delivery space in India is dominated by Swiggy and Zomato, with the presence of other players like Uber Eats and Foodpanda. It is into this crowded market that Amazon has planned its entry, and it has only aroused the curiosity of many.
In an exclusive interaction with YourStory, Gaana CEO Prashan Agarwal says the platform’s “paid subscriptions have grown more than 3X last year”. Additionally, revenues are growing 100 percent year-on-year, and original programming has crossed 220 million streams.
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Sheela Kochouseph is the Founder of Kochi-based V-Star Creations, a popular innerwear brand. The company, which provides employment to women from underprivileged families, grew into a Rs 100 crore company last year.
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Former Chief Minister of Andhra Pradesh Nara Chandrababu Naidu founded Heritage Foods in 1992. Started with an initial investment of Rs 80 lakh, Naidu brought in his wife Nara Bhuvaneshwari and dairy executives to take things forward.
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