Wallis Partridge says India’s biggest online retailer, Flipkart has announced it is to begin offering customers same day deliveries in ten cities.
Hong Kong., April 30, 2014 - (PressReleasePoint) - According to independent brokerage firm, Wallis Partridge, India’s largest online retailer, Flipkart’s decision to begin offering customers in 10 cities same-day delivery is the latest addition to the company’s repository of delivery logistics designed to keep it at the number 1 spot.
Customers in the 10 selected cities which include Bangalore, Delhi, Mumbai and Kolkata will be able to specify same day delivery provided they order by noon and pay an extra 200 rupees.
“Flipkart is determined to hold the likes of Amazon at bay and has made extensive efforts to beef up the customer experience. They’ve even stipulated that that all executives must spend at least one day a month answering customer queries or making deliveries in order to ensure they don’t become too far removed from the essence of the business which is customer satisfaction,” said a Wallis Partridge analyst.
The same-day delivery development has come partly as a response to aggressive product and service offerings by Amazon India including the ability for sellers to sign up more quickly and the establishment of convenient pick-up locations.
“Amazon is taking the fight to e-commerce leaders in every market challenging the likes of Alibaba in China and Flipkart in India so we think there will be further innovations in the months going forward. Companies like Amazon are investing billions of dollars in technology, warehousing and logistics improvements,” said the Wallis Partridge analyst.
“While Amazon is a powerful adversary, we don’t think it stands much of a chance against Alibaba. That said, with the e-commerce market in India still without a clearly dominant player, Flipkart will need to up the ante if it is to maintain its lead,” he concluded.
About Wallis Partridge:
Wallis Partridge is a private wealth management practice that provides performance-related investment management, financial consulting and planning services to high net worth individuals and institutional investors by offering high yielding investment opportunities in a broad array of asset classes to our clients. We deliver prudently selected investment products to grow our clients' wealth in a timely manner.
We have a proven track record in anticipating the markets and investing in innovative companies that have performed well above their peers over the long term and have created efficiencies of scale to accelerate growth potential. For many years we have been in the vanguard of delivering contemporary investment strategies that produce unusually high returns on capital.
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