BiteLoop

Street food in India is a popular and affordable option for Many of us, Particularly in the course of moments of inflation. As outlined by a report by Mordor Intelligence, the street food market place in India was valued at $19.3 billion in 2020 and is expected to grow at a CAGR of 7.5% from 2021 to 2026.

While larger food delivery companies such as Zomato and Swiggy have designed it much easier for persons to buy food from restaurants, they are not able to focus on the street food section as the typical order benefit (AOV) for street food is comparatively reduced. Which means that they would have to handle a large quantity of orders for making a financial gain, which may be tough and possibly produce big losses.

Biteloop, On the flip side, is undoubtedly an emerging startup that targets the specialized niche phase of street food takeaway. The Biteloop application makes it possible for end users to search for street food vendors in their community spot determined by distance filters which include 500 meters, 1000 meters or within a town/city. Once the user has found their desired vendor, they can place an order through the app and pick up the food at the vendor's location.

Among the list of crucial advantages of Biteloop is the fact it provides many alternatives and Original Pricing. This may be Particularly effective for the duration of occasions of inflation, when people today could possibly be searching for tips on how to stretch their food price range further. By utilizing the Biteloop application, food fans can easily come across and purchase street food at selling prices which can be extra reasonably priced than food from restaurants or fast food chains.



Biteloop also takes advantage of Blue ocean approach which helps the startup to make a new sector Room and make the competition irrelevant, This will assistance the business to mature and sustain through difficult moments like inflation.

In summary, Biteloop is an modern startup that Indian street food is which makes it much easier for people to find and buy street food within their regional space. Its market section assistance, multiple alternatives and initial pricing and blue ocean strategy may be Specially effective throughout moments of inflation, when persons might be seeking solutions to extend their food budget more. The business is a great Alternative for food lovers who want to discover and consume out with family and friends even though preserving their spending plan in your mind. Though larger food delivery companies such as Zomato and Swiggy have produced it simpler for individuals to order food from restaurants, they don't seem to be able to focus on the street food section as the normal buy price (AOV) for street food is relatively low, This is when Biteloop can fill the hole on the market.

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