wordpress blog stats
Connect with us

Hi, what are you looking for?

Amazon to start selling local grocery produce from March: Report

E-commerce giant Amazon will start selling local grocery produce online through its wholly owned subsidiary in India from March, reports The Economic Times. Amazon has committed $500 million investment in food retail, the Department of Industrial Policy and Promotion (DIPP) approved Amazon’s plans to stock and sell local grocery produce online in April, 2017.

Amazon operates its grocery service online via Amazon Pantry, a service which delivers household items and grocery with presence in 34 cities . On the other hand, the grocery delivery service KiranaNow (Amazon Now), which was launched in Bengaluru last year, is currently available in Delhi-NCR, Mumbai, Bangalore and Hyderabad.

MediaNama has reached out to Amazon for confirmation and further details. We will update the post as soon as we hear back from them.

Along with Amazon, online grocers BigBasket and Grofers too has recieved government’s approval last year to retail food products manufactured and produced in India. However, none of the players has started selling locally made food products as of now.

Online Grocery segement

Besides this, Flipkart is giving onlince grocery selling a second try with ‘Supermart’ in Bangalore.  It had shut down its earlier service Flipkart Nearby in February 2016, nearly 5 months after its launch.

In a separate development, Online classified service Quikr is also experimenting online grocery business. However, Quickr’s spokesperson said that the company is experiment this and is still unsure whether it is going to enter online grocery space or not.

In October 2017, Bangalore-based BigBasket raised Rs 32.65 crore from Helion Venture Partners, which was immediately it raised Rs 5.5 Crore from its existing investor Trifecta Capital in the same month. And at the same time, Grofers too raised funding of Rs 96 crore from its Singapore-based parent company Grofers International.

You May Also Like

News

The Securities and Exchange Board of India has given its go-ahead for Reliance Retail’s acquisition of Future Retail Limited’s retail, logistics and warehousing entities,...

News

The makers of web series Tandav, which premiered on Amazon Prime Video on January 15, offered an unconditional apology after their show ran into...

News

It all seems familiar now: a web series comes out on one of the only two streaming services whose lawyers wouldn’t stop it, right-wing...

News

In a lawsuit filed on Wednesday, social media platform Parler has claimed that Amazon Web Services (AWS) has used its position to stifle competition...

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 Daily Newsletter

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