Flipkart’s Social Commerce Venture Shopsy Plans Foray Into Grocery Market In 3-6 Months

Flipkart’s Social Commerce Venture Shopsy Plans Foray Into Grocery Market In 3-6 Months

SUMMARY

Within 100 days of its launch, Flipkart’s social commerce venture Shopsy claims to have amassed over 2.5 Lakh sellers, 51 Lakh users

“Flipkart is eyeing different cohorts of consumers — trying to solve their needs more deeply. Thus, in the next 3-6 months, we will see a lot more continued focus on grocery shopping, with Shopsy participating in it, more meaningfully,” the company spokesperson said

India's grocery market size at $850 Bn in 2025, while e-groceries could account for 3% of the market – amounting to a little over $25 Bn in market value

Within 100 days of its launch, Flipkart’s social commerce venture Shopsy claims to have amassed over 2.5 Lakh sellers, 51 Lakh users and a catalogue of over 150 Mn products.“There are many supply chain models within Flipkart such as community buying on whether it is ecommerce or Shopsy, and our focus would be scaling hyperlocal grocery because we have doubled down on a lot of these initiatives. You will see a lot of continued growth coming in the quarter, and the coming months,” Sikaria concluded.

Walmart-owned ecommerce marketplace Flipkart had launched Shopsy in July this year intending to capture a larger share of shoppers on the internet.

No results were found for "".
  • «
  • 1
  • »
modal lock

Continue Reading With A Free Inc42 Account

Get the most out of your Inc42 experience by creating a free account. Enjoy personalized recommendations, ad-lite browsing, and access to our exclusive newsletters.