Our generation relies entirely on technology for almost everything. It has changed the way we live and the way we treat others. Our changing lifestyle has a profound effect on our daily needs. So, why should food be skipped?
Honestly, a few years ago, the only thing we did on the weekends was go to the grocery store. It made worse the longer charging cables. But with the passing of time, technology changed for the better. An e-commerce business thanks to the creation of online grocery stores.
The online grocery store industry is booming in India, due to the growing number of consumers who prefer the convenience of buying groceries online using their mobile phones. It is a move that is strongly encouraged by large pan-India companies with deep pockets, such as Big Bazaar, Factory Rates, and, more recently, Amazon.
However, this online business offers many opportunities to young, single players who want to open their own online grocery store to provide a local customer base.
India has a variety of groceries that offer franchises to people who are looking forward to starting their own business with a grocery business franchise. Some of them are Grofers, Big Bazaar, and Factory Rates.
Market Opportunity
An online grocery store business model in India typically operates with multiple vendors. One example is Big Basket, which is one of the leading grocery stores in India. Due to the outbreak of the coronavirus, more and more people are ordering online. This business offers many opportunities to small individual players who wish to set up their grocery store online to cater to a more localized customer base.
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Why start an online grocery store?
Daily expenses on groceries are the biggest and most steady share in the budget of any Indian family. Most people don’t want to spend hours shopping from the local grocery store and like to indulge in Online Grocery Shopping So, an online grocery has tremendous prospects of growth. As per a report by the consultant Praxis Global Alliance, the online grocery market in India is set to reach $ 7.5 billion by 2022, growing at a staggering CAGR of 70 percent.
