eGrocery to grow 8X in 5 years in India, JioMart big gainer
By IANS |
Published on
Sun, Jan 24 2021 8:42 IST |
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New Delhi, Jan 24 : As the e-commerce battle intensifies in India, with Reliance Retail s JioMart being the latest major entrant with a massive potential to disrupt the space, the next big thing is the delivery of groceries online and the market size is estimated to grow eight times in the next five years in the country.
As companies from Reliance to BigBasket put their top dollar in serving daily grocery at your doorsteps, online grocery is going to be the next battleground for growth, expanding to over $18 billion by 2024.
As the e-commerce battle intensifies in India, with Reliance Retail s JioMart being the latest major entrant with a massive potential to disrupt the space, the next big thing is the delivery of groceries online and the market size is estimated to grow eight times in the next five years in the country. As companies from Reliance to BigBasket put their top dollar in serving daily grocery at your doorsteps, online grocery is going to be the next battleground for growth, expanding to over $18 billion by 2024. The eGrocery market has grown 60 per cent from the calendar year 2020 and is expected to grow 41-49 per cent by the first half of CY21, according to the latest data provided by homegrown consulting firm RedSeer.
Breaking down Reliance vs Amazon: The epic battle for Indian e-commerce bragging rights Sandeep Soni
Jeff Bezos sprawling e-commerce empire in India is staring at its moment of truth, again. Earlier it was back in 2013 when Amazon entered the very nascent and almost untapped e-commerce market characterised by an underdeveloped infrastructure with only 16 per cent population connected to the internet, and cash being the undisputed king. The then e-commerce market had Flipkart and Snapdeal arguably the only and top e-commerce players. Amazon was able to quickly adapt itself to the Indian way of selling goods online and flush with capital, as it always is being an internet powerhouse in the US, elbowed out Snapdeal to take Flipkart head-on and overcome the challenges. The differentiator then was largely the capital, now it is more of an enabler as the planet s richest person Bezos gets into the e-commerce slugfest with Asia s richest billionaire Mukesh Ambani.
Breaking down Reliance vs Amazon: Long and short of epic battle for Indian e-commerce bragging rights financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.