Since smartphones and the net have already transformed our lives, from buying clothes to home and food to furniture, we can now get them with just a click. Mostly, this same has grown to a new next level, especially during this pandemic. It is because customers have transferred their focus from physical grocery stores to the online industry. Thus, the demand for setting up an online grocery store in India is increasing at a significant pace.
In India, grocery stores are known as the heart and soul of the community as they seem to act as the key economic drivers and offer jobs, source of nutrition, tax support, etc.
India’s online grocery store delivery market is expected to grow 76% year on year increase in sales in 2020, reaching $3bn in value. The Indian consumers are thus forced to change their buying habits with COVID-19 lockdown and quarantine.
The growth of online grocery stores is so fast that major e-commerce companies such as Flipkart, Ola, Amazon are investing in this particular business segment.
It depends on the approach you follow to set up your online grocery store. Firstly, there are two options, build a grocery shopping website from the ground up or use a ready-made website script.
As per the ongoing industry trends, the wiser way to go ahead is to launch your grocery shopping website using a ready-made solution as it saves your time, efforts, and money.
The cost to set up an online grocery store and online grocery store application rely on the client’s requirements and features, design and size, features and advanced features, location and time to complete the project as desired.
Usually, setting up an online grocery store can range from a minimum range of Rs. 50,000 to 2 Crores in India. If you have a unique requirement to build an on-demand grocery application with advanced features, it can cost around Rs. 90,000 to Rs. 1,80,000 with the one-time setup of the online store and three-month post-deployment support.
Some owners of the mega-store have a unique concept where you want a multi-vendor online grocery store app for aggregators or chain businesses such as Amazon or InstaCart that works on all platforms. Its cross-platform capability with the features that include the capacity to attract more customers and generate more revenue will cost around Rs. 36,0000.
The cost to set up an online grocery store in India includes various factors like:
- App/Website Development
- Business Registrations
- Delivery Infrastructure
- Inventory, etc