Flipkart gives supply of groceries in 90 min


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.

‘Flipkart Quick’

  • The service providing supply of contemporary greens, meat, and cell phones in 90 minutes will initially be accessible at choose places in Bengaluru

  • It could be step by step scaled up and expanded to 6 massive cities by the tip of the yr

  • According to a Goldman Sachs report, India’s e-commerce enterprise is anticipated to develop at a compound annual progress charge of 27% to achieve $99 billion by 2024

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



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