Top 6 Indian Online Grocery Companies List Worldwide 2024 | IMARC Group

Indian Online Grocery Market Overview:

Online grocery shopping is the act of ordering food and other necessities for the home from online retailers and having them delivered right to the customer's door. Through these platforms, customers can select a convenient delivery or pickup option, order groceries from an online store or mobile application, and make electronic payments. Online grocery shopping has become more and more popular over time because of its flexibility, increased product selection, ease of use, and time-saving advantages. Aside from this, a sizable customer base now has access to online shopping platforms due to India's quick rise in smartphone and internet penetration. According to TRAI, in 2022, India had over 1020.91 Million wireless mobile subscribers. The majority of traffic that year came from a 4G data payload. Besides, as of September 2022, rural internet subscribers were over 343.8 million in India and 507.8 million in its urban counterpart.

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How Big is the Indian Online Grocery Market:

• Market Size Value in 2023: US$ 9.0 Billion
• Industry Revenue Forecast in 2032: US$ 80.6 Billion
• Growth Rate: CAGR of 26.7%
• Base Year of Estimation: 2023
• Historical Data: 2018-2023
• Future Forecast Period: 2024-2032

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Indian Online Grocery Market Trends and Growth:

Major companies like BigBasket and Amazon are expanding their product ranges and enhancing their supply chains. They are also building robust logistics networks and efficient delivery systems to provide timely and reliable services. BigBasket, for instance, has introduced new delivery options like BBNow, which offers ultra-fast deliveries in selected metro areas using strategically located dark stores. Besides, companies are heavily investing in technology, developing user-friendly mobile applications and websites with personalized recommendations. For example, companies are leveraging AI to provide personalized shopping experiences, which helps in retaining customers and increasing sales.

Additionally, there is a focus on partnerships with local vendors and expansion into new regions. To cite an instance, in June 2023, INDIAN COUNCIL OF AGRICULTURAL RESEARCH signed an MOU with Amazon Kisan to empower farmers guiding them through scientific cultivation of numerous crops for optimum yield and income. Moreover, companies are also looking to expand their geographical reach and service offerings through fundraising activities. For example, BIGBASKET raised funding to increase its market valuation, part of which aims to expand its operations beyond its current geographical limits. This expansion is coupled with a strategic focus on tier-2 and tier-3 cities, where online grocery penetration is increasingly feasible due to rising digital literacy and internet access.

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Top Companies in Indian Online Grocery Market:

• Aaram Shop Private Limited
• Amazon Retail India Pvt. Ltd,
• Godrej Nature's Basket
• Blink Commerce Private Limited
• Innovative Retail Concepts Pvt. Ltd. (Bigbasket)
• Paytm E-Commerce Pvt, Ltd.

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Read Also:

• https://linktr.ee/Market_Intelligence_Group
• https://www.diigo.com/profile/imarcreports2024
• https://flipboard.com/@MarketResea1et2

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This release was published on openPR.