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Flipkart shuts down its grocery delivery service Nearby

E-commerce player Flipkart has shut down its grocery delivery service Nearby five months after its launch. This was first reported by Mint. The company had launched the service in October 2015 on a pilot basis and the company delivered to the Bangalore neighbourhoods of Koramangala, HSR Layout, BTM Layout, Ejipura, Jayanagar, JP Nagar, and Bellandur in Bangalore (basically the areas where every startup employee lives in). A Flipkart spokesperson confirmed the development to MediaNama, The company said that the pilot ran its course and t was run to understand efficiencies and operations of the hyper local business. Flipkart's staement: 'Flipkart Nearby' was a piloted in select areas of Bangalore. The experiment was a test for understanding efficiencies and operations of the hyper local business. The project has now run its course and the learnings from this pilot will now be used for future operations of the company. Interestingly, earlier this month rival Amazon launched its delivery service via an app in Bangalore. Amazon seems to source the groceries from offline stores such as Big Bazaar, Nature’s Basket, Reliance Fresh and In and Out. Amazon started local grocery delivery in March 2015 through Kirana Now in Bangalore on a pilot basis. At the time, Amazon delivered orders via its own logistics unit Amazon Transportation Service Private Limited, delivery boys from kirana stores and third party vendors. Mukesh Bansal and Ankit Nagori quit company Earlier this month, Myntra chairman Mukesh Bansal and chief business officer Ankit Nagori put their papers down. Mukesh Bansal will stay on in the company…

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