Uber India has launched hyperlocal deliveries from neighbourhood grocery and departmental stores, tapping into the quick commerce boom in India.
What Happened: As reported in an ET report, the service, named ‘store pickup,' is available in nine cities including Delhi-NCR, Bengaluru, Chennai, Hyderabad, Kolkata, Lucknow, Jaipur, Guwahati, and Ludhiana.
Currently, Uber enables customers to pay stores directly for their purchases, but plans are underway to allow payments through its platform soon.
Uber’s India unit, traditionally focused on ride-hailing, is increasingly investing in the delivery domain. The company is known for making data-driven decisions, ensuring that any new project or experiment is financially sustainable before proceeding.
Why it matters: This expansion into store pickup services in India follows its success in the US and comes at a time when competitors in the space are facing challenges.
For instance, Reliance Retail-backed Dunzo is struggling to stay afloat, Walmart-backed PhonePe recently withdrew from delivering non-food items via the ONDC network, and Ola has resumed some of these services. Furthermore, Flipkart is also looking to enter the quick-commerce sector.
Read next: Sula Vineyards Shares Tank 5% After Q4 Earnings Disappoint Investors
Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.