Advertisement Shout

Grofers CEO said on Tuesday that concerns about lock-in have increased the number of nails in grocery delivery vehicles

Albinder Dhindsa, CEO and co-founder of Grofers, revealed on Twitter last night that more than 600,000 shopping carts have been made on the platform and are waiting for people to check out because of fears that India will lock the market again. Prime Minister Narendra Modi (Narendra Modi) delivered a speech to the United States at 8:45 p.m. on Tuesday, but many people were relieved. However, he did not announce the blockade. Instead, he urged the state governments to consider the blockade only as their own. The last resort to respond to the ongoing COVID crisis. .

Xinda Tweet To highlight the number of shopping carts created on Grofers during the virtual presentation of PM Modi’s 19-minute speech.Administrative staff also shared The screen shots of the company’s internal analysis showed a clear peak, especially at 8:45 p.m. when the IST speech started.

However, after the Prime Minister did not announce the blockade, Sindasa did not mention many actual orders.

Since the last national lockdown in March 2020, online grocery delivery in India has become the focus of attention. The country’s online grocery business accounts for less than 1% of total grocery sales. However, the epidemic has pushed many new customers to online grocery platforms, including Grofers and Big Basket under the Tata Group.

Companies such as Amazon and Flipkart have been in the online grocery business for some time. However, last year’s ban allowed Swiggy and Zomato to enter the grocery store for delivery. However, due to difficulties in contact with offline retailers, both companies stopped groceries on their online markets within a few months of launch.

Experts believe that despite the low penetration rate and challenges in getting consumers and merchants online, there are still huge opportunities for the development of online grocery businesses (especially in urban areas in the United States).

According to the latest report of consulting firm RedSeer, by 2025, India’s online grocery market may reach a gross merchandise value (GMV) of US$24 billion (approximately Rs 1,812 billion). Participants including JioMart from Reliance Industries have arrived to help expand the market.

Having said that, for e-commerce giants Amazon and Flipkart, maintaining grocery delivery has become particularly important, as both companies have begun to face restrictions on shipping non-essential items such as electronics and furniture.

The nationwide ban last year has had a great impact on the businesses of Amazon and Flipkart, as they have been unable to deliver non-essential orders for several weeks. The same situation has caused both companies to make a comeback, because due to state restrictions, they have recently restricted the delivery of essential items only in Maharashtra and Delhi.

Why did LG give up its smartphone business? We discussed it on the gadget 360 podcast Orbital. Later (from 22:00), we will discuss the new cooperative RPG shooting game Outriders. Orbital is available for Apple Podcast, Google Podcast, Spotify and wherever you get a Podcast.

Exit mobile version