After the big giants in online groceries business like Big Basket, Grofers, and Amazon, Flipkart is all set to invest in groceries business to compete with Alibaba backed Big Basket and Softbank- backed Grofers. The organization is wanting to put $264 million in its groceries vertical in the following three years, as indicated by individuals familiarized with Flipkart’s three-year viewpoint.
When Amazon is doubling down to strengthen its food retail business in India with a head start from Pune and 15 new settlement centers, homegrown internet business rival Flipkart is additionally estimating approaches to growing its online grocery business. Flipkart will likewise dispatch consumables and FMCG (fast moving consumer goods) items under its Billion private mark, which is the brainchild of founder and executive chairman Sachin Bansal.
Flipkart, which is in touch with Walmart to offer a majority of the stake to the American retailer, is relied upon to use Walmart’s capacities in the groceries business after the settlement is finished. Flipkart is hoping that online groceries business will boost the retail business and will lure the customers to the website frequently. The online giant is extending its fledgling online basic supplies business even as it intends to offer movie tickets in front of a proposed takeover of the organization by American retailer Walmart.