financetom
Retail
financetom
/
Retail
/
Flipkart launches online grocery store 'Supermart' in Mumbai
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Flipkart launches online grocery store 'Supermart' in Mumbai
May 8, 2019 10:02 AM

In a view to capture a large market share of the online grocery segment, leading ecommerce player Flipkart on Wednesday said it has launched its online grocery store Flipkart Supermart in the city.

It had done a soft launch in the city in February. It delivers to 91 pin codes in the city which covers 85-90 percent of the city.

The Walmart-owned company had started its online grocery business a year and a half ago and is present in Bengaluru, Chennai, Hyderabad and Delhi.

It has set up a fulfillment centre in Bhiwandi for groceries. It offers 10,000 products, including 600 to 700 of its private labels.

Grocery, which is the biggest retail category in the country, is pegged at $400 billion with ecommerce accounting for 0.5 percent of it.

"Grocery is the space which is going to give the next level of e-commerce growth. However, it is one of the toughest category from online perspective. We are cognizant of it. We built a dedicated supply chain for groceries," Flipkart head of Grocery Manish Kumar said.

The company's grocery business has grown phenomenally over the last year, he said.

The company said that it is bullish on India and has long-term commitment in the priority market and Walmart's backing allows it to have long term bets especially in a category like grocery.

"Grocery has started giving stickiness to the platform also because customers who buy grocery come back to the platform to buy something else as well," he said.

Kumar added that the company is studying the market and will look at daily milk delivery at some point in future.

First Published:May 8, 2019 7:02 PM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US retail sales fell 1.1% in July; Americans cut spending as COVID cases surge
US retail sales fell 1.1% in July; Americans cut spending as COVID cases surge
Aug 18, 2021
Retail sales fell a seasonal adjusted 1.1 percent in July from the month before, the US Commerce Department said Tuesday. It was a much larger drop than the 0.3 percent decline Wall Street analysts had expected.
In Pics | 14 major companies that filed for bankruptcy in 2020
In Pics | 14 major companies that filed for bankruptcy in 2020
Dec 24, 2020
2020 has been a brutal year for businesses, so much so that the volume of bankruptcies this year has surpassed that of 2008. From the travel and hotel space to the energy sector, businesses across industries suffered for months as the COVID-19-induced lockdown put brakes on economic activities across the world. However, retailers selling non-essential goods have been the worst-affected with many of these names emerging among the biggest bankruptcies of 2020. As per S&P Global Market Intelligence, 610 firms have filed for bankruptcies as of December 13, the highest since 2012. Retailers like J.C. Penney, Neiman Marcus, and J.Crew, car rental giant Hertz, mall operator CBL & Associates Properties are some of the names that have been listed in Fortune’s list of ‘14 of the biggest bankruptcies of 2020'. The 14 bankruptcies happen to be from the US as the valuations of liabilities remain higher than those of others. Here’s a look at these companies and their liabilities, as mentioned by Fortune:
Americans stockpiling toilet paper again; here's why
Americans stockpiling toilet paper again; here's why
Sep 1, 2021
Panic buying of toilet paper was witnessed in the early days of 2020 amid unfounded fears of supply shortages. Consumers rushed to supermarkets, hotels, gas stations, and anywhere else they could find a roll of toilet paper to buy.
Ben & Jerry’s to stop ice cream sales in Israel 'Occupied Palestinian Territory'; clashes with parent Unilever
Ben & Jerry’s to stop ice cream sales in Israel 'Occupied Palestinian Territory'; clashes with parent Unilever
Jul 20, 2021
Ben & Jerry's announcement to withdraw from Isreal 'Occupied Palestinian Territory' has come as a rebuke by a well-known brand against Israel’s policy of establishing its citizens on the war-won lands. However, there is a conflict of ideas with the parent company Unilever.
Copyright 2023-2026 - www.financetom.com All Rights Reserved