Does Reliance Fresh Direct spell disaster for other grocery e-tail?
Advertisement
Advertisement
The recent Reliance AGM saw Mr. Ambani announce that the new Fresh Direct website would be ‘scaled up’, and that the company’s retail sector has seen a whopping 30-50% growth.Reliance Fresh and
“Food and grocery is the single biggest opportunity in Indian e-commerce today. It’s just a question of tactical execution”, Arvind Singhal, Chairman at Technopak says.
Should other players like BigBasket and LocalBanya be worried about Reliance’s grand plans?
“There is a $370 billion market out there and a lot of headroom for everybody to grow at this moment”, Singhal says.
Advertisement
With the focus increasingly shifting from brick and mortar to grocery retail, many believe it’s high time for the Birla and Future Group to join the party as well. After all, why should they not get a slice of the pie?
(Image credit: Indiatimes)
Advertisement
- I quit McKinsey after 1.5 years. I was making over $200k but my mental health was shattered.
- Some Tesla factory workers realized they were laid off when security scanned their badges and sent them back on shuttles, sources say
- I tutor the children of some of Dubai's richest people. One of them paid me $3,000 to do his homework.
- 10 Powerful foods for lowering bad cholesterol
- Eat Well, live well: 10 Potassium-rich foods to maintain healthy blood pressure
- Bitcoin scam case: ED attaches assets worth over Rs 97 cr of Raj Kundra, Shilpa Shetty
- IREDA's GIFT City branch to give special foreign currency loans for green projects
- 8 Ultimate summer treks to experience in India in 2024