New Delhi, July 28
Walmart-owned Flipkart on Tuesday introduced 90-minute supply for groceries because it seeks to tackle Amazon.com and billionaire Mukesh Ambani’s upstart JioMart within the fast-growing Indian market.
The hyperlocal supply service ‘Flipkart Quick’, which will even provide 90-minute deliveries of contemporary greens, meat, and cell phones, will initially be accessible at choose places in Bengaluru and could be step by step scaled up and expanded to 6 massive cities by the tip of the yr, Flipkart Vice-President Sandeep Karwa mentioned.
India’s $950 billion retail market is predicted to develop to $1.three trillion by FY26.
Of this, e-commerce enterprise is estimated at round $78 billion which is anticipated to cross $100 billion by 2025. And grocery is the newest class the place e-commerce corporations are slugging it out. Amazon gives a quick-delivery service for groceries. This phase additionally has competitors from BigBasket and JioMart. — PTI