FCC

RailRestro to invest $20-30 million on widening network

2022-08-30

Food tech company RailRestro will invest $20-30 million for building a robust logistics infrastructure and will undertake rapid expansion in coverage with a focus on the east, RailRestro co-founder and director Manish Chandra said recently.

Indian Railways' authorised catering partner Indian Railway Catering and Tourism Corporation (IRCTC) will be engaged in the delivery of restaurant food to passengers directly onto trains at selected railway stations.

“The process has begun and currently 100-plus stations are covered under direct delivery. By the end of this financial year, our delivery fleet will be available at all the serviceable stations," Manish Chandra said.

Chandra said that the firm will invest heavily in the model, and $20-30 million is expected to be invested in building its own fleet at a majority of the serviceable stations.

The firm said that currently it is offering food delivery service at about 450 stations as an aggregator. By the end of 2022, it was planning to double the number of serviceable stations.

Chandra said that the impetus for the company-owned delivery fleet has reduced delivery failures sharply, and at present now some top 300 stations contribute 70-80 per cent of the orders of an average of Rs 350. RailRestro has delivered 10 million meals to date, he added.