Insights
India's Tata Group prepares for its e-commerce play
Tata said it would roll out a super app to offer grocery, fashion, jewelry, consumer electronics, and financial services, among other things.
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BigBasket
A slew of consumer-facing startups are tinkering with subscription-based revenue model in addition to their current model.
Bigbasket couldn’t receive funds from Alibaba after India tweaked the FDI norms earlier in April.
Reliance also got into the online grocery market which is expected to reach USD 3.6 billion by 2024.
E-commerce companies had already begun to set things in order to start delivering non-essential products from this week.
The demand for grocery products has sky-rocketed during the lockdown in India.
Forrester projects the e-retailers to grow by 5% this year in the best-case scenario, as compared to about 26% growth they enjoyed last year.
Only essential services like food, grocery, and medicines among a few others are allowed to operate.
Grocery is an essential and one of the most important daily necessities for people to get during lockdown.