Abstract
India has developed a vibrant entrepreneurial landscape and consistently strengthened its position as the 3rd largest start-up ecosystem globally. This is visible in our Food Processing sector and associated ecosystem, which has witnessed a wave of entrepreneurship with disruptive and futuristic ideas, especially in the last five years.
Food startups in our India shown tremendous growth and tech-driven growth across the value-chain, such as supply chain management, e-commerce based B2B & B2C models, processing technologies and equipment, storage and logistics, food safety, packaging, distribution and retail, amongst others. That the collaborations, linkages and partnerships among key stakeholders including start-ups, will help develop scalable future-ready solutions, supported by conducive Government policies. Progressive Government initiatives, such as Startup India, Atal Innovation Mission were playing an important role in fostering the culture of innovation and entrepreneurship in India. The Government has also built a robust alternative investment regime and a friendly tax system for venture capitalists and angel investors, which can improve financial access for start-ups.
Startups in the food processing ecosystem work across the value chain towards creating innovative products, supply chain solutions, packaging, processing technology, equipment, storage and logistics, food safety, marketing, e-commerce based B2B/B2C models, distribution and retail. The Indian Food Startups are now playing a pivotal role in accomplishing this transformation in the sector.