To cater this growing customer base, online grocers are also increasing at a 3x rate year-over-year. And the whole sector is growing at an impressive annual rate of 13% (even the booming online travel industry is at 9.5%).
The stats definitely look promising for new players; however, due to the perishable nature of grocery products certain challenges arise, which make running online grocery stores/marketplace more challenging than running ecommerce stores for apparels, electronics, home décor, and other such products.
In this post, we will do a critical analysis of online grocery business and cover its important aspects in the following order –business model & possible revenue models, critical website features, challenges & solutions.
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