Is online grocery a good business?

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.

How much does it cost to develop an online grocery delivery app?

Putting together the features, functionalities, and cost of hiring an experienced developer team, the estimated cost to build a grocery app would be anywhere around $10,000 to $30,000 for a single platform. The cost can go up for more complex features & technology stack added.

How much money do I need to open a grocery store in India?

Opening a store could demand an investment anywhere between 10 lakhs to 2 Crores depending on the size of the store. These funds will be needed for various actions that start with registration and spread over a wide variety of needs including the hiring of employees and store design.

How much does grocery app cost in India?

So, we can say that the on-demand grocery delivery app development in India will cost anywhere between $20000 to $50000….Grocery Delivery App Development Cost Breakdown.

Who developed Grofers website?

Grofers was founded by two IITians from Gurugram in 2013 as an Indian online grocery service. Grofers is the startup of Saurabh Kumar and Albinder Dhindsa, the two IIT students who wanted to do something different besides their normal engineering career.

What is the size of the online grocery market in India?

The India online grocery market size was valued at USD 2.9 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 37.1\% from 2021 to 2028.

Why is the ecommerce market gaining traction in India?

The market has gained immense traction over the past months on account of the changing lifestyle of the consumers, growing urbanization, and the tech-savvy generation who prefers buying products online.

Which is the best online grocery store in Hyderabad?

Big Basket is the most preferred online grocery in the South Indian cities, such as Hyderabad and Bangalore. Changing consumer landscape and consumers becoming more accustomed to online shopping have been the key factors for the growth of online grocery in these markets.

What is driving India’s e-commerce industry?

The industry is expected to be driven by the consumers who stay in Tier-I cities, such as Bangalore, Chennai, Mumbai, and Delhi, who are more adaptable to online shopping due to the availability of high-speed internet, better adaptability to mobile devices, and the logistical simplicity.