5 companies, including BigBasket, to be next big players in Indian E-Commerce industry
HIGHLIGHTS: The future of e-commerce in India is one of the most talked about topics in 2020 this year as more and more Indians are going online to fulfill their shopping needs.
The future of e-commerce in India is one of the most talked about topics in 2020 this year as more and more Indians are going online to fulfill their shopping needs. According to Rishabh Mehra, CEO and MD of Digital Mall of Asia, e-commerce has gained immense popularity in the last decades and has largely replaced traditional stores. People do not have time to go out and buy essential items immediately and that is why people are buying a lot of things online mainly due to time and convenience. Here is the list of the next big companies in India's e-commerce industry.
Digital Mall of Asia
Digital Mall of Asia (DMA) is a major invention in the digital market and in the retail world. It is the first digital e-commerce platform of its kind to merge the real estate and digital sector. DMA is a unique concept that gives the customer the best online and offline shopping experience. The DMA is not just an exclusive e-commerce portal for online shopping but will also have exclusive towers for digital retail shops, trial rooms, hypermarkets, electronics, education, financial services, food courts, multiplexes, night clubs and more. It will have all the units which are in a mall and it will all be virtual. Because of this, a user will feel as if they are inside a virtual mall where they can visit the website in a simulated environment with visual and sensory elements.
The retail arm of Reliance Industries Limited is testing the food and grocery app among its employees ahead of the commercial launch of its e-commerce venture. On the condition of anonymity, two sources said that the grocery app will be available to the public by the end of this year and the orders made on it will be met by the local traders. Reliance Retail's biggest strengths are capital, broad offline presence, good brands and significant grocery operations.
BigBasket is the largest online grocery supermarket in India. BigBasket was launched at a time when busy Indian employees in cities were finding it difficult to find time to buy groceries and essentials. This supermarket allows users to place their orders anytime and anywhere and deliver at their chosen time. BigBasket supplies groceries and food items in various categories such as fruits and vegetables, food grains, oils, spices, bakery items, beverages, branded foods, personal care products, household supplies, eggs, meat, fish, and more. Its catalog consists of 18,000 products and over 1000 brands in various categories. BigBasket operates with the promise of lowest rates and prompt delivery services.
Pepperfry is an online home and lifestyle shopping store in India selling products with cash on delivery facilities? Pepperfry.com started its business on January 3, 2012 and has since been providing a range of products, including furniture, at affordable prices that surprise customers.
Source: Web
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