Ltd estimated it to be barely $1 billion in 2017. Market research firm RedSeer Consulting Pvt. So far, online grocery sales have taken off slowly. In late 2016, Flipkart re-hired two former executives Manish Kumar and Nitin Rajput to build its grocery business.įlipkart is betting that sales of everyday household items will keep shoppers coming back to the company’s platform. Grocery is currently an insignificant revenue source for Flipkart but an important long-term opportunity. It is pushing hard to expand the grocery business to avoid losing more ground to the likes of Alibaba-backed Bigbasket, Grofers and Amazon India.įlipkart, which is in talks with Walmart to sell a majority stake to the American retailer, is expected to leverage Walmart’s capabilities in the grocery business after the deal is completed. The Bengaluru-based retailer has earmarked several hundreds of millions of dollars to grow its online groceries business, the people mentioned above said. Flipkart will also launch consumables and FMCG (fast moving consumer goods) products under its Billion private label, which is the brainchild of founder and executive chairman Sachin Bansal, the people cited above said, on condition of anonymity.īillion was launched in mid-2017, as part of a push to bring new users to Flipkart by selling low-priced products.
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