In this week, we have seen e-commerce giant Amazon has rebranded its grocery service Amazon Now to Prime Now. Well, it makes sense for Amazon to capture the consumers who has evolved in ordering milk and bread online.
Observing the transformation in the retail industry, reports have shown that food and grocery industry will become a star contributor for eCommerce this year.
The investment, which follows a US $150 million fundraise in March, will be directed at building networks of farmers who will primarily supply fruits and vegetables
The company will shut its grocery delivery operations within one month and is planning to diversify into a logistics solution provider to compete with starups like eKart, Delhivery and DHL etc.
As the government clarified that foreign direct investment (FDI) is not allowed in inventory-based eCommerce, Future Group CEO Kishore Biyani pointed out to one of the country's leading online grocers, Bigbasket.
Supporting its environment-friendly initiatives, online grocery retailer BigBasket has signed on a range of electric vehicles to increase efficiencies and cut down on operating costs.
ndia's largest online grocer, BigBasket is set to launch its marketplace business that will deliver orders placed with hyperlocal speciality stores like bakeries and meat shops in less than an hour.
Bangalore-headquartered,Online grocer BigBasket has recently raised $50 million (Rs 315 crore) from its existing investors led by Bessemer Venture Partners...