New Delhi, May 4 -- Despite rapid growth in recent years, online food delivery in India still accounts for only about 11 per cent of the total food services market, indicating significant room for further expansion, according to a report by Investec Equities.

The report noted that the share of online food delivery has increased from around 3 per cent in 2018 to about 11 per cent currently, highlighting strong adoption but also pointing to a large untapped market, especially as organised food services continue to scale.

It stated "online food delivery still represents only 11 per cent of total food services, up from c.3 per cent in 2018, indicating significant headroom for further penetration

Online food delivery has emerged as the fast...