wordpress blog stats
Connect with us

Hi, what are you looking for?

Big Bazaar to launch a price comparison app that’ll offer cash backs in case other retailers are cheaper

Future Group's Big Bazaar is looking to launch a price comparison app that will offer instant cash backs to customers if a product bought from Big Bazaar is being sold for a lower price at any other offline or online stores, reports The Economic Times. No specific date has been mentioned for the launch, but the report mentions it'll be sometime next month. The app is expected to be operational in Mumbai initially, and later expanded to other cities across the country over the coming months. Apparently, the app is currently being tested by Future group employees at the Food Bazaar store in Vikhroli, Mumbai. What's interesting is that customers will be allowed to compare prices for up to 1 week after the actual date of purchase to check if any other online or offline retailer is selling the product at a lower price. Last year, several offline retailers had made a huge hue & cry over discounts on e-commerce platforms, with several deeming it anti-competitive. Future Group founder & group CEO Kishore Biyani was one of them. Biyani  had accused online marketplaces of undercutting offline retailers by selling products below manufacturing costs to destroy competition. Now Biyani seems to have adopted the mantra - if you can't beat them, join them! However, Biyani told the publication that there's no question of being afraid of e-commerce as at best it will account for 10% of the organized retail market. He also mentioned that globally it has been seen that multi-channel strategy…

Please subscribe/login to read the full story.
Written By

Free Reads

News

With GPS in every car, India's toll collection is going high-tech.

News

Google is currently undergoing the necessary procedures for the leasehold land, which is presently under the ownership of the Maharashtra Industrial Development Corporation.

News

The pilot project for which is being launched in 19 cities this year, with a plan to launch a full-fledged rollout next year.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ