online Food E-grocery market to exceed Rs 1.31 lakh crore by 2024

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Posted on 25-01-2021 by Admin

online Food E-grocery market to exceed Rs 1.31 lakh crore by 2024

The e-commerce market will grow to US $ 200 billion by 2026. The Indian e-commerce market will grow by 30% in terms of gross goods value. The total value of the Indian e-commerce market is expected to exceed $ 50 billion by the end of 2018.The battle for e-commerce in India has intensified after the arrival of Reliance Geomart. E-grocery is being seen as the biggest market of the future. It is expected that by 2024 it will increase eightfold to over 18 billion dollars (about 1.31 lakh crore rupees).

The e-grocery market grew 60 percent in 2020 and is expected to grow by 41–49 percent by the first half of 2021. According to another report by RedSear and BigBasket, demand for food like noodles and cookies, immunity boosters like lemons, hygiene products such as sanitizers increased

India is seeing an increase in demand for online groceries. Recently, Reliance has acquired the retail business of Future Group. Talking about grocery retail, Reliance Retail s revenue was Rs 34,600 crore in FY-20 and Future Retail s revenue was Rs 10,000 crore. According to Meena, grocery is the category in which the maximum investment will be made.

So let us tell you which are the top e-commerce websites in India?

According to Amazon SimilarWeb report, Amazon India is the most popular website in India, outpacing all e-commerce websites.

Flipkart Flipkart is the perfect example of a startup that has grown a thousand times in the last 10 years. The journey to Flipkart is amazing, it started with a small e-commerce website selling books and currently it is the second largest e-commerce website in India.

Paytm Paytm s third largest ecommerce company, the journey of Paytm started from mobile phones, provided facilities like online recharge of mobiles. 2 years ago, Paytm entered the e-commerce industry by launching the e-commerce platform Paytm Mall. The customer has the opportunity to buy apparels, electronic products, mobiles and tablets from Paytm Mall.

Jabang is the fourth largest e-commerce website Jabang. Jabang was founded in 2012. Let me tell you that recently Flipkart also acquired Jabang.

Myntra Myntra is another major e-commerce company that sells fashion-related products. It was founded in the year 2007 by Mukesh Bansal

Jomato Jomato is another e-commerce company, which has achieved amazing growth in the last few years. Jomato is a platform through which you can order food online, the partner restaurant will deliver the food at your door on behalf of Jomato.

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