By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
TechnoclinicTechnoclinic
  • Home
  • APPS
  • CAMERAS
    • PRINTERS
  • GAMING
    • LAPTOPS
  • HDTV
  • NEWS
  • PHONES
    • TABLETS
  • REVIEWS
  • SOFTWARE
  • Contact Us!
Search
  • Home
  • Contact Us!
  • Privacy Policy
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: Ola Store to Shut Down in Less Than a Month: Source
Share
Sign In
Aa
TechnoclinicTechnoclinic
Aa
Search
  • Home
  • APPS
  • CAMERAS
    • PRINTERS
  • GAMING
    • LAPTOPS
  • HDTV
  • NEWS
  • PHONES
    • TABLETS
  • REVIEWS
  • SOFTWARE
  • Contact Us!
Have an existing account? Sign In
Follow US
  • Home
  • Contact Us!
  • Privacy Policy
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Technoclinic > APPS > Ola Store to Shut Down in Less Than a Month: Source
APPS

Ola Store to Shut Down in Less Than a Month: Source

srijita
Last updated: 2016/03/02 at 3:21 PM
srijita
Share
SHARE
Ola Store to Shut Down in Less Than a Month: Source

Ola’s hyperlocal grocery delivery service, Ola Store, which operates in Bengaluru, Hyderabad, and Gurgaon is likely to shut down its operations in less than a month, citing lack of synergy, a person familiar with the internal developments at the company told Gadgets360.

Ola Store’s Android app notes that it has over 250 grocery stores providing over 16,000 products in 13 categories. However, the iOS app notes that it has over 60 stores, the latter being a more accurate figure, our source said, adding that the service is seeing about one-tenth the visitors of Grofers, the market leader. In comparison, Ola’s taxi app had clocked over one million bookings a single day in October 2015.

Ola Store’s Facebook and Twitter accounts have not been updated for a fortnight, lending credibility to the source’s claim that the project isn’t getting much attention of its internal resources.

Ola_Store_body.jpgLaunched in July 2015, Ola Store was built around the premise of quick delivery, in one-hour delivery slots, payments options include Ola money, as well as cash and card on delivery. The company has tied up with retail chains such as PNP Retail, Topintown, and Namdhari’s Fresh, among others.

Amazon also launched its two-hour delivery service in Bengaluru last month, which was followed by the shut down of Flipkart’s Nearby. Other startups competing in this space include Grofers, PepperTap, Bigbasket, and Terraa, among others.

In January 2016, Grofers closed its operations in nine cities, which it said was a temporary measure. In February 2016, Peppertap shut down its operations in six cities, including three metros, signs that the sector is now entering a phase of consolidation.

Interestingly, Grofers, one of the largest funded startups in this space, is backed by Sequoia Capital, Tiger Global, SoftBank, all of which are common investors in Ola.

[“source-gadgets.ndtv”]

TAGGED: A, Down, in, Less, Month:, Ola, Shut, Source, Store, Than, to

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
srijita March 2, 2016
Share this Article
Facebook Twitter Copy Link Print
Share
Previous Article WhatsApp for Android Gets Shared Link History Tab, URL Copy, and More
Next Article Facebook Moments App Gets Video Sharing, Improved Uploading, and More

Latest News

What’s in the Xbox Series?
NEWS
The Purpose of End Seals
NEWS
Everything You Need to Know About Printing Repair
NEWS
Ways You Can Do to Avoid Data Breaches
NEWS
5 Ways to Enhance the Ambiance of Bar
NEWS
How Survey Software Measures Customer Satisfaction
NEWS

Most Viewed Posts

  • 30+ Great Examples of Gaming Blogs (2022) (3)
  • Peer review innovations aiming to support science and reward reviewers (3)
  • Google Says G’day to Australian Twang, Slang (3)
  • Ways You Can Do to Avoid Data Breaches (2)
  • How To Start A Review Blog and Get Free Review Products (2)

© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

[mc4wp_form]
Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?