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Flipkart Launch hyperlocal service ”Flipkart Quick”

28Jul By AnkitaNo Comments

News

Flipkart Launch hyperlocal service ”Flipkart Quick”

Bengaluru, Jul 28, 2020: Walmart-owned Flipkart announced the launch of its hyperlocal delivery service ''Flipkart Quick'' that will enable customers to receive groceries, fresh vegetables, meat, and mobile phones in 90 minutes. The service will be available in select locations in Bengaluru initially and gradually scaled up and expanded to six large cities by the end of the year, Flipkart Vice-President Sandeep Karwa told Pixr8 News. "Everything which we expect our neighbourhood departmental store to carry is all that we made live. Along with this, we've also announced the launch of our fruits and vegetables, and meats category...we've created a storage space where we've enabled a lot of our sellers to store their inventory," he added. Online grocery delivery has also gained sign...

6Apr By NitishNo Comments

INDIA

Walmart India Encourages Customers to Order Online

Walmart India, which operates in the cash-and-carry format encouraging its users to buy online to avoid the rush on the streets amid the rise of coronavirus cases in the country. The company is witnessing an increase in the number of orders placed through its website and app and have added more capacity to serve them, said Walmart India in a statement. However, Walmart, like other retailers, is also facing challenges in getting sufficient supplies of the goods due to production shortages from the manufacturers and continued bottleneck in logistics and transportation due to lockdown. It is working closely with its suppliers and with the local authorities to minimise and address these challenges, it added. Besides, the company is also facing challenges in terms of shortage of ma...

17Mar By AdityaNo Comments

INDIA

Indian Online Grocery Platforms Order Surges Amid Coronavirus Threat

Indian online grocery platforms Grofers and BigBasket are witnessing up to two-fold growth in purchases as authorities in multiple cities close malls and shopping places to contain the coronavirus pandemic. The e-tailers said they are shoring up supplies amid the sudden increase in demand due to panic buying across a number of cities in the last couple of days. These companies are witnessing very high demand for products in the personal hygiene category as well as immunity boosting items such as honey and ayurvedic products. "In the last couple of days we have seen what we may call panic buying across a number of cities and categories. Cities like Mumbai, Bangalore, Pune and Ahmedabad have seen a higher surge with nearly 80 per cent growth followed by Delhi NCR and Hyderabad at a...

How Internet Saved Chinese People from food Shortages amid virus fears

19Feb By AnkitaNo Comments

CHINA

How Internet Saved Chinese People from food Shortages amid virus fears

Wang Feng, house-bound by China's virus outbreak, counts on the parka-clad delivery drivers of e-commerce giant JD.com to keep her kitchen stocked. Demand for online food vendors has surged since China's government told the public to stay home as part of the most sweeping anti-disease controls ever imposed. On Tuesday, Wang's phone buzzed with a text message that a delivery had arrived. The retiree bundled up against the winter cold, put on a face mask and emerged from her apartment complex to collect walnut milk and other goods from shelves on the sidewalk an anti-virus measure to limit contact with drivers who normally go door to door. They work really hard, and it's dangerous, said Wang. Without their services, we would not be able to survive at all." JD.com Inc. and rivals in...

Walmart, Amazon kick off government online pilot program

20Apr By AdityaNo Comments

USA

Walmart, Amazon kick off government online pilot program

AP, New York: Amazon and Walmart kicked off a two-year government pilot program allowing low-income shoppers on government food assistance in New York to shop and pay for their groceries online for the first time. ShopRite will join the two retailers on the program early next week, said the US Department of Agriculture, which oversees the Supplemental Nutrition Assistance Program, or SNAP. The USDA has long required customers using electronic benefits transfer, or EBT, pay for their purchases at the actual time and place of sale. So the move marks the first time SNAP customers can pay for their groceries online. ShopRite and Amazon are providing the service to the New York City area, and Walmart is providing the service online in upstate New York locations. The agency said the pi...

27Mar By PriyankaNo Comments

ACQUISITION

Milkbasket acquires Veggie India

Daily grocery delivery start-up Milkbasket has acquired Noida-based Veggie India for an undisclosed amount. As per the deal, all Veggie India employees, including founders Jainendra Upadhyay and Shailendra Upadhyay, will join Milkbasket. "The acquisition is in line with our growth plans for 2019 and adds further strength and distribution capabilities to the existing business," Milkbasket co-founder and Chief Executive Officer Anant Goel said in a statement. Veggie India, operated by Ocado Garden Fresh Pvt Ltd, is an online grocery delivery platform founded last year. The company has presence in Noida and Ghaziabad. "Jainendra and Shailendra have done a remarkable job with Veggie India, and within a year of operations, the company has acquired substantial business in their region...

Future Group to invest 1000 Crore in Food Space, Launch India Food Grid

12Jan By AnkitaNo Comments

BUSINESS

Future Group to invest 1000 Crore in Food Space, Launch India Food Grid

Chandigarh: Future Supply Chain Solutions (FSC or the Company), India’s leading third party integrated logistics service provider, is launching the INDIA FOOD GRID, a network of 38 Integrated Food Distribution Centres (IFDC) across the length and breadth of the country that will provide pan-India reach. Food & FMCG Supply Chain in India is highly inefficient and complex. It has formidable challenges in terms of inventory levels in the system, availability issues, freshness of the product, distribution cost and time to market. FSC, as a supply chain specialist, understands the existing hurdles in the supply chain process of conventional retail as well as modern stores. Based on a comprehensive study, FSC has identified 38 locations across the country, which will be developed...

Grocery Delivery Major Grofers Aims to Amass $2.5 billion in Revenue by 2020

26Dec By Gauri SinghNo Comments

BUSINESS

Grocery Delivery Major Grofers Aims to Amass $2.5 billion in Revenue by 2020

The grocery delivery platform Grofers aims to garner $2.5 billion (around Rs 17,500 crore) in revenue by 2020 as it scales up its private label offerings in the country and focusses on expanding repeat purchases in its platform. The company, which has recently completed five years of its operations, has a revenue run rate of $360 million (about Rs 2,500 crore) currently. Grofers co-founder and CEO Albinder Dhindsa said Grofers has been witnessing over 30% month-on-month growth. "While we do not sell gourmet products that usually offer higher margins, we have been able to create a set of dedicated customers that usually promote our brand as well... We will continue to ramp up our business and we aim to clock $2.5 billion revenue by 2020," he said.&n...

20Nov By reutersNo Comments

CHINA

Alibaba Goes Offline With $2.9B Stake In China’s Top Grocer

[dropcap]I[/dropcap]nternet giant Alibaba Group Holding Ltd said on Monday it would invest HK$22.4 billion ($2.87 billion) for a major stake in China’s top hypermart operator, Sun Art Retail Group Ltd, part of a wider push into offline retail. As part of an alliance with Auchan Retail S.A. and Ruentex Group, Alibaba would buy the stake from Ruentex while Auchan Retail would boost its stake, the three companies said in a joint statement. The alliance would target opportunities in China’s $500 billion food retail sector, as Alibaba races to build big-data capabilities in the offline retail market where roughly 85 percent of sales are made. “Physical stores serve an indispensable role during the consumer journey, and should be enhanced through data-driven technology and personalized ...

Jumbotail, an Online Marketplace For Food and Grocery Raises $8.5 Million

6Jul By PriyankaNo Comments

FUNDING

Jumbotail, an Online Marketplace For Food and Grocery Raises $8.5 Million

Jumbotail, an online marketplace for food and grocery, today said it has raised USD 8.5 million (over Rs 55 crore) from Kalaari Capital and existing investor, Nexus Venture Partners. The company plans to utilise the funds for strengthening its technology platform and enhancing operational capabilities, Jumbotail said in a statement. Jumbotail will also expand its team, but details of the same were not disclosed. Founded in November 2015, Jumbotail serves thousands of wholesale customers such as kirana stores and HORECA (hotel/restaurant/cafe) businesses in Bengaluru. The Bengaluru-headquartered firm has previously received a funding of USD 2 million from NVP. Jumbotail provides services including storefront delivery and payments collection for its sellers as well as working ...

Amazon’s Grocery Push Playing Catch Up With Chinese E-commerce Giants

23Jun By reutersNo Comments

CHINA, News, USA

Amazon’s Grocery Push Playing Catch Up With Chinese E-commerce Giants

As Amazon.com Inc looks to swallow U.S. grocery chain Whole Foods, China's tech giants are already digesting hefty bricks-and-mortar deals, taking the lead in the battle to transform supermarket shopping with big data and better supply chains. China's Alibaba Group Holding and JD.com Inc have invested heavily in offline retail - bricks-and-mortar stores - in recent years to complement their online offerings. With their ready-made payment and social media platforms to lure shoppers, Alibaba and JD.com have helped China become the world’s largest online grocery market, far ahead of the United States. This early lead, cemented by densely populated urban areas and cheap labor, could be key as retailers and tech firms race to boost margins on low-cost consumer goods by reinventing supp...

22Jun By RishabhNo Comments

FUNDING

MaxWholesale Raises $1 Million Funding From IAN, Maple Capital Advisors

MaxWholesale, a mobile based B2B grocery supply chain platform, has raised close to USD 1 million (Rs 6 crore), led by Indian Angel Network (IAN) and Maple Capital Advisors. These investors include names like Ambarish Raghuvanshi, Raman Roy, Sunil Munjal, Bikky Khosla, Pankaj Karna and Abhinav Grover among others, a statement said today. Last year in July, the firm raised Rs 1 crore (around $150,000) in a seed round from Maple Capital Advisers. MaxWholesale is powering the online wholesale process for more than 90 FMCG companies, some of them being Cadbury, Dabur, Patanjali, Capital Foods, P&G and HUL. “There are more than 7 million stores in India and the packaged consumer goods market in the country is worth more than $40 billion. MaxWholesale is leveraging the power of t...