E-commerce main Flipkart is reportedly evaluating an entry into India’s extremely aggressive on-line meals supply market, in line with an ET report.
The Walmart-owned firm is contemplating a pilot program in Bengaluru round Might or June. A broader rollout may comply with by the tip of the 12 months or early subsequent 12 months, the report stated.
As of now, there are two choices are underneath lively consideration. Flipkart might launch a standalone meals supply platform or roll out a buyer-side utility on the government-backed Open Community for Digital Commerce (ONDC). The report additional famous that the corporate is weighing each approaches. Flipkart has additionally begun constructing a workforce for the initiative.
This isn’t Flipkart’s first try at coming into meals supply. Two years in the past, it outlined plans to enter the section via ONDC, much like friends Ola and Paytm. That proposal didn’t transfer past the drafting board.
India’s on-line meals supply market, estimated at about $9 billion in fiscal 2025, is projected to develop to $25 billion by FY30, in line with brokerage agency Jefferies.
The section is presently dominated by Everlasting-owned Zomato and Swiggy. Rapido’s Ownly and smaller gamers working via the Indian government-backed are additionally trying to realize market share.
Flipkart’s transfer comes amid rising competitors throughout shopper web verticals. The corporate entered the fast commerce house in late 2024 with the launch of Minutes. Over the previous 12 months, Minutes expanded its darkish retailer community practically fivefold to 500 places. It’s aiming to double this depend to 1,000 by March 2026.
On the monetary entrance, Flipkart Web, {the marketplace} arm of Flipkart, reported a 14.4% improve in working income to Rs 20,493 crore in FY25, in contrast with Rs 17,907 crore in FY24. Its web loss narrowed 37% to Rs 1,494 crore from Rs 2,359 crore within the earlier 12 months.