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.
2015 can be crowned as 'THE' year for hyperlocal space. The industry saw rise, dominance and epic fall in the same year. Despite the large market size, consumer preference and huge injection of funds, what led to such a catastrophic downfall?
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.
Many online firms like Amazon India, Grofers, Peppertap etc. have stepped ahead and infused the 'dark store' concept to maximize profits and minimise cart abandonment.
This move from the Snapdeal and Sequoia Capital backed company comes in the light of cost cutting due to fund crunch which is being faced by many hyperlocal providers in the recent times.
Pardon the interruption in the much-celebrated eCommerce space, the hyperlocal segment - that gets customers to buy locally - is witnessing a slowdown as many players see exiting and closing operations as viable options.
American doughnut chain Dunkin' Donuts has partnered with online grocery delivery platform, Grofers, to deliver its packed products at consumer's doorstep.
Grofers, a quick-delivery service for groceries and electronics from neighbourhood stores, is in talks with investors including Japan's SoftBank for funding of Rs 650 crore...
At the time when entire country is talking about Make In India and Digital India, yet another start-up firm has decided to ditch its birthplace and shift base overseas.
The on-demand delivery companies source groceries and household items from neighbourhood stores to deliver to customers within a few hours of receiving an order on their mobile apps