Flipkart, the top e-commerce player is aiming to move into the groceries space and has make a renewed push in the online furniture business.
Binny Bansal, Flipkart Chief Executive has said that the company has been planning to begin experimenting with grocery sales next year and increase the operations over a three year period.
He has said that “There’s definitely room to build a profitable grocery business, but it’s hard. That doesn’t mean it’s not possible, but it’s hard.”
He further said that fashion will remain Flipkart’s best selling category for the next few years, but he sees online groceries as having the potential to grow as big as fashion and electronics in the next six to eight years.
