Let the numbers speak for themselves. India’s food and grocery market, as per industry estimates, is pegged at $300-350 billion today. By 2020, these estimates suggest that food and groceries would constitute around 66% of total retail revenue. It’s a real, unprecedented opportunity.
On the fringes, though, a quiet battle is brewing between an eclectic mix of companies —including global ecommerce giants Alibaba, Amazon and Walmart; organised retailers such as Future Group, Reliance and Tata and well-funded Indian startups such as Grofers, BigBasket and, to an extent, Google-backed Dunzo.
To further fuel this opportunity, there is investor interest, with a 7x increase between fiscal 2017 ($43.7 million approximately) and 2018 ($291 million). Grofers and BigBasket are the major benefactors, as per a February 2018 Crisil report.
know more: https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/startups-fight-big-global-e-commerce-firms-to-win-online-grocery-battle/articleshow/64955391.cms
On the fringes, though, a quiet battle is brewing between an eclectic mix of companies —including global ecommerce giants Alibaba, Amazon and Walmart; organised retailers such as Future Group, Reliance and Tata and well-funded Indian startups such as Grofers, BigBasket and, to an extent, Google-backed Dunzo.
To further fuel this opportunity, there is investor interest, with a 7x increase between fiscal 2017 ($43.7 million approximately) and 2018 ($291 million). Grofers and BigBasket are the major benefactors, as per a February 2018 Crisil report.
know more: https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/startups-fight-big-global-e-commerce-firms-to-win-online-grocery-battle/articleshow/64955391.cms
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