Bengaluru-based online cross-category classifieds platform Quikr is planning to deliver groceries BloombergQuint reported.
From grocery to restaurant food, a customer can order anything online from the nearby shops and Quikr will deliver it to their home for a fee, a person told the BloombergQuint about the development. The company will begin the pilot by mid-November, he further added.
The company already deals with the deliveries of used products sold on their platform within or across cities. It has about 100 delivery executives in Delhi, Mumbai, Hyderabad, and Bengaluru and plans to monetize the service.
The report further states that as per Ken Research estimates, the Indian grocery market is likely to be worth $344 million (Rs 2,306 crore) by 2020.
Quikr was founded by Pranay Chulet and Jiby Thomas in early 2008. It offers listings for jobs, homes, cars, and services, and delivers products bought and sold through its QuikrBazaar. Funded by Tiger Global Management and Sweden’s Kinnevik AB, it has also acquired eight companies in 18 months to boost its verticals.
Other Grocery players
The competition in the grocery segment is increasing. Apart from existing players like Grofers and Bigbasket, Google’s Areo, launched earlier this year is also a big player in the segment. Amazon too has secured clearance for $500 million investment in the foods business in India..
Recently in October, Bengaluru-based e-grocer BigBasket secured Rs 52 crore from its four existing investors, including UAE-based Abraaj Basket, Bessemer Venture Partners along with International Finance Corp and Sands Capital, according to documents filed with Registrar of Companies (RoC).
In the same month Gurugram-based online grocer, Grofers India, secured Rs 96 crore from its Singapore-based parent company Grofers International.
Given the current network of delivery boys, Quikr may be able to manage a sizable traction in this space, as compared to other new entrants.