Datar believes that, as the company builds scale, it will be able to improve on the returns on investment (ROI) it is witnessing from its AI bets
The three plan to support MSMEs in their quest to integrate with local and global retail supply chains
The programme enables the kirana partners to make limited time-based deliveries contingent on their comfort and availability and has enabled large-scale participation from women
Flipkart Grocery currently offers 7,000 products in 1,800 cities covering 10,000 PIN codes, served by 23 fulfilment centres spread over an area of 2.75 million sq ft
Flipkart Quick will provide consumers with a handpicked assortment of more than 2,000 products in categories such as grocery, fresh, dairy and meat in the first phase
The voice assistant will enable consumers to discover and buy products easily using voice commands in multiple languages, starting with Hindi and English
Called bharatemarket.in, the announcement comes at a time when e-tailers Amazon and Flipkart and offline player Reliance Retail are trying to woo small traders
National e-com marketplace to be launched shortly, to be world's largest e-com portal
What is aggravating the situation is that e-commerce firms are facing huge shortage of delivery personnel.
This collaboration will keep the vital supply chains running
Online grocery, which is barely about four per cent of India's $600-700 billion grocery market, has seen an overnight surge.
That's because, according to KSA Technopak, e-commerce firms sell gross merchandise value of only $2.5 billion. That's minuscule in the $550-billion annual sales of food and groceries in 2019-20.
The traditional trade channel that serves over 1.3 billion people, compared to some 120 million by e-commerce, has fared significantly better when it comes to availability of essential goods
Delivery picks up slowly, but firms struggle as staff stay away
Founded in 2015, Ninjacart moves over 1,400 tons of fresh produce per day, having doubled its volumes in the last four months, it was stated.
Two books - one an insider account, the other a journalist's narrative - capture the journey of Flipkart and BigBasket, the first-movers in India's e-commerce story
Flipkart India's total income rose by 42.82 per cent to Rs 30,931 crore from Rs 21,657 crore
Flipkart Supermart is already live in Bengaluru, Chennai, Hyderabad and Delhi