Flipkart’s Shopsy begins grocery business
Back in July, Flipkart launched Shopsy, a new platform for sellers with 0% commission. This platform was launched to take on fast-growing social commerce platforms such as DealShare and Meesho. Now Shopsy has entered the grocery business.
The company confirmed that groceries will be available across 700 cities, spanning over 5,800 pin codes. The company boasts to offer over 6,000 products across 230 categories in groceries.
Users can now buy value groceries by adding and checking out products in their cart. Users will also avail of a flat 5 percent commission margin and it will directly be credited to the linked bank account.
“Grocery is a key consumer need and we are committed to making e-grocery affordable for consumers and sellers alike,” said Prakash Sikaria, senior vice president (growth) at Flipkart.
This move will also help Flipkart to take on Amazon, Reliance’s JioMart, and Tata-backed BigBasket. The online grocery market is growing fast in the country. Analysts expect it to be worth $850 billion by 2025. This is the reason why every company is trying to enter this segment.
Shopsy was launched in July and it the $100 million mark of the gross merchandise value in October. This platform was launched to help local and small businesses adopt social commerce by simply reaching out to their trusted network of people. The platform boasts 2.5 lakh sellers on the platform.