bigbasket, which currently holds 37-40 percent share in the grocery delivery industry, followed by Amazon, Grofers and Flipkart, has started bracing itself to face competition – which is expected to intensify soon…
The online retail market in India is expected to grow 250 percent to touch ₹1.8 trillion by 2020 fiscal. Over the next three years, the e-retail industry is expected to continue its strong run, growing over 2.5 times to $28 billion (₹1.8 trillion) by fiscal 2020, the global analytics firm Crisil has said. And among this, online grocery will be the fastest-growing segment (around 65-70 percent CAGR between fiscals 2017 and 2020) in e-retail and almost quadruple over the next 3 years to ₹100 billion in terms of revenues.
Meanwhile, the stage is being set for a big battle in the US $1 billion FMCG space. While established players like Amazon and Grofers are strengthening their positions, the recent acquisition of Flipkart by Walmart has also served to create a ripple effect in the F&G segment. bigbasket which currently holds 37-40 percent share in the grocery delivery industry, followed by Amazon, Grofers and Flipkart, has started bracing itself to face competition – which is expected to intensify soon.
Hari Menon, Co-Founder and CEO, bigbasket says, “Despite a huge opportunity, the FMCG segment is still under-served as far as online grocery delivery is concerned in India. There are just a few players in the market. As more and more players will enter the segment and already present players will strengthen their presence, more customers will start shifting to online grocery buying. So, yes, competition is expected to intensify.”
Denne historien er fra June 2018-utgaven av Images Retail.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra June 2018-utgaven av Images Retail.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Our Malls Should Reflect the Customer of Today
Twenty four years old Sanya Runwal, Director - Retail, Runwal, speaks about the guiding principles behind the group's retail transformation, future developments and her vision for brand Runwal as the next generation leader
D2C Brands Flag Bearers of India's Growing Digital Economy
Bypassing the intermediaries and traditional distribution channels, and leveraging digital platforms and cutting-edge technologies to service consumers directly, D2C brands have emerged as a disruptive force on the Indian retail landscape
From Sleeplessness to Success
The dream journey of The Sleep Company from being a D2C startup founded to help Indians sleep better to crossing 100 stores and ₹500 crore ARR under five years to become one of the fastest growing D2C-first brands
REDEFINING FASHION RETAIL WITH EXPANSION, DIGITAL INNOVATION, AND SUSTAINABLE GROWTH
CnM Chunmun, a name synonymous with fashion and lifestyle retail in North India, is embarking on an exciting new chapter in its impressive 40-year journey.
Retail Sector Records Strongest Hi Leasing in 5 years: CBRE
Leasing in Bengaluru, Chennai, and Delhi-NCR accounted for 59% share during Jan-June 2024.
Lulu Mall Bengaluru Welcomes 5 New Brands
Lulu Mall, Bengaluru, operated by the multinational developer Lulu Group, has expanded its portfolio by welcoming five new retail brands, the company wrote on social media.
Gujarat gets its First IMAX at Palladium Ahmedabad
Mumbai-based PVR Cinemas opened a new theatre at Palladium Ahmedabad, a social media post by a company official.
Budget 2024-2025: What's in it for Retail?
An overview of all the retail ecosystem-related measures in the Budget 2024-2025 revealed by Finance Minister Nirmala Sitharaman in her 7th budget speech.
Identity As a Service (IDAAS) Simplified
An explainer on Identity and Access Management-As-A-Service (IDaaS) in the context of retail.
6 Ways in Which D2C Brands are Redefining Physical Stores
From quirky fixtures to restageable elements, D2C brands do it differently when they open brick-and-mortar stores