Hotline: 1800 102 2007
X
Search Business Opportunities
Feb, 19 2018

Amazon Becomes First Foreign Food Retailer In India

Amazon Retail Pvt. Ltd. will be providing the grocery services and will start with its pilot services in Pune thereby giving competition with other leading online grocery.

Beating its global rival Walmart, Amazon has made it to the Indian food retail market as the first foreign company to start its food retail venture in India.  In 2017, the ecommerce giant received affirmation from the Indian government to invest $500 Mn in India’s food retail space.

Amazon Retail Pvt. Ltd. will be providing the grocery services and will start with its pilot services in Pune thereby giving competition with other leading online grocery and food retail marketplaces like Grofers, Bigbasket, Supr Daily, who received similar approvals from the government for food retailing.

Walmart which is planning to acquire a 40% stake in Indian ecommerce major Flipkart can be taken as the reaction to this development by amazon in the progressive investments in the Indian markets.

Amazon spokesperson in the statement said, it will take around a quarter for the company to completely roll out its food retailing business in the country.

Amazon has already launched Amazon Now, an app for food and grocery items home delivery to meet their instant food demands. Currently, Amazon’s warehouses in India do not store food items to meet the Amazon Now demand. With this development, amazon has achieved the direct access to the consumers.

All the major e-commerce companies are constantly vying to capture major chunk in the Indian Food space like Alibaba (recently acquired BigBasket), Walmart are aggressively trying to now eat the major share in Indian food and grocery vertical.

Comment
Related opportunities
  • Home Furnishings
    About: Ambreh is backed by Aalidhra Techtex Pvt. Ltd. that owns..
    Locations looking for expansion Delhi
    Establishment year 1989
    Franchising Launch Date 2017
    Investment size Rs. 30lac - 50lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Juices / Smoothies / Dairy parlors
    About Us: Ranging from super thick smoothies to chilled fresh juices,..
    Locations looking for expansion Telangana
    Establishment year 2016
    Franchising Launch Date 2016
    Investment size Rs. 20lac - 30lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Hyderabad Telangana
  • Cosmetics & Beauty Product Stores
    About Us:  Incorporated in 2010, at Mumbai (Maharashtra, India), we &ldquo..
    Locations looking for expansion Maharashtra
    Establishment year 2010
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Solar Energy and Components
    About Us: Indiagosolar.in  is India's 1st solar e-info commerce marketplace offering..
    Locations looking for expansion Delhi
    Establishment year 2014
    Franchising Launch Date 2018
    Investment size
    Space required 1800
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities