Get the Tata Capital App to apply for Loans & manage your account. Download Now

Blogs SUPPORT
Loans For You
Loans for Business
Investment
Insurance
Apply

Quick Links for loans

Quick Links for Insurance

Investment

Offers Quick Pay
Back

Equipment Finance

Avail Digital Equipment Loans
up to Rs. 1 Crore

  • Attractive ROIs
  • Customizable Loan tenure
Know More
Back

Equipment Leasing

Avail Leasing solutions
for all asset classes

  • Up to 100% financing
  • No additional collateral required
Know More
Back

New Commercial Vehicle Financing

  • First time user
  • Retail and strategic Clients
Know More
Back

Used Commercial Vehicle finance

  • Repurchase
  • Refinance
  • Top up
  • Balance Transfer
Know More
Menu  
 
Apply Now

Tata Capital > Blog > Step-by-Step Guide for Starting a Food Delivery Business in India

Loan for Business

Step-by-Step Guide for Starting a Food Delivery Business in India

Step-by-Step Guide for Starting a Food Delivery Business in India

Did you know that India’s online food delivery market is growing at a staggering rate of 30.55%? Food delivery ventures have become a billion-dollar-sized industry in 2021 due to hectic work schedules, work-from-home routines, and evolving lifestyle patterns. If you were planning to start your own food delivery business for years, the present-day post-pandemic scenario offers perfect timing.

Moreover, the demand for fast food, ready-to-eat (RTE) products, and home-cooked meals are surging, and your food delivery establishment can cater to a burgeoning category of foodies today. So, if you plan to enter the food industry, here’s a guide on how to start a food delivery business from scratch.

1. Secure a Financing Option

The first step in starting a new business is to develop a business plan that includes all the areas that need funding. Outline all the major requirements, such as setting up a kitchen, buying equipment, choosing a delivery method, and building a brand. You can choose to finance the business with your savings, find a business partner, or take a business loan from a trusted lender.

2. Research Your Market

After securing a finance option, the next step is to research your target market and identify the niche you wish to cater to. Is there a specific customer base that you can target, such as working professionals or college students? Nowadays, cooking food is a luxury, which leaves you with a wide pool of target groups to pick from: newly married couples working full-time jobs, senior citizens, corporate employees, or bachelors living on their own.

Find out the most profitable niche and the kind of food they prefer. You can create online surveys to get more information and create a business strategy accordingly.

Additional Read:  Tips & Tricks to Grow your Business

3. Curate a Menu and Choose a Delivery Method

Once you have completed your research on how to start a food business, it is time to develop a unique menu. Set up a menu that includes quality dishes that your potential customers want, and you can execute well.

Next, you must choose a method to deliver the food quickly and safely to your customers. Although you can hire drivers to do the job, using delivery apps like Swiggy, Dunzo, Zomato, etc., is also a viable option.

Additional Read:  How to Get a Business Loan for Setting up a Restaurant in India?

4. Create a Marketing Strategy

Now that you are ready to launch your business, you must get the word out to your potential customers. Digital marketing channels are the best way to reach your audience today. Create an attractive website, an appealing logo, and set up social media pages on Facebook, Instagram, Twitter, etc., to promote your company. You can also use traditional methods of advertising, like posters and flyers to, market your business.

Final Words

Are you planning to launch your own food business but lack the necessary funds? Finance your food delivery venture with Tata Capital. We offer business finance at attractive interest rates to help budding entrepreneurs achieve their dreams with ease.

Make your application process hassle-free with our online services and manage your expenses with our business loan EMI calculator. Get in touch with us today by downloading our business loan app!

Apply Now

Give Your Business the Right Boost: Apply for a Business Loan Today

Apply now
Popular Searches
business idea udyogini scheme hsn code full form low investment business ideas top 10 most successful businesses to start transport business import export business in india mineral water plant cost collateral free loans
Disclaimer

Most Viewed Blogs

Trending Blogs

Calculator

Personal Loan EMI Calculator

Personal Loan EMI Calculator
Home Loan EMI Calculator

Home Loan EMI Calculator
Business Loan EMI Calculator

Business Loan EMI Calculator
Used Car Loan EMI Calculator

Used Car Loan EMI Calculator
Two Wheeler Loan EMI Calculator

Two Wheeler Loan EMI Calculator
Loan Against Securities Calculator

Loan Against Securities Calculator
Loan Against Property Calculator

Loan Against Property Calculator
More Tools
Our Subsidiaries
Our Other Websites

Useful Links and Resources

Most Important Terms & Conditions - Home Loans

Download in your preferred language

Download

Policies, Codes & Other Documents

Most Important Terms & Conditions - Home Loans

Download in your preferred language

Download

Tata Capital Solutions & Services

Uh oh, something went wrong

Please try again later.