Flipkart offers delivery of groceries in 90 min
New Delhi, July 28
Walmart-owned Flipkart on Tuesday announced 90-minute delivery for groceries as it seeks to take on Amazon.com and billionaire Mukesh Ambani’s upstart JioMart in the fast-growing Indian market.
‘Flipkart Quick’
The service offering delivery of fresh vegetables, meat, and mobile phones in 90 minutes will initially be available at select locations in Bengaluru
It would be gradually scaled up and expanded to six large cities by the end of the year
AdvertisementAccording to a Goldman Sachs report, India’s e-commerce business is expected to grow at a compound annual growth rate of 27% to reach $99 billion by 2024
The hyperlocal delivery service ‘Flipkart Quick’, which will also offer 90-minute deliveries of fresh vegetables, meat, and mobile phones, will initially be available at select locations in Bengaluru and would be gradually scaled up and expanded to six large cities by the end of the year, Flipkart Vice-President Sandeep Karwa said.
India’s $950 billion retail market is predicted to grow to $1.3 trillion by FY26.
Of this, e-commerce business is estimated at around $78 billion which is expected to cross $100 billion by 2025. And grocery is the latest category where e-commerce firms are slugging it out. Amazon offers a quick-delivery service for groceries. This segment also has competition from BigBasket and JioMart. — PTI
