Grocery Delivery

The US-based online retailer, with its ecosystem play, is going after India’s 130 million online shoppers.

The firm says it can deliver everything from groceries, beverages, medicines, and even flowers.

Existing shareholder Hidden Hill Capital also participated in this round.

Daily active users of online on-demand services have declined by more than half.

In January, Walmart had started restructuring its loss-making B2B business unit in India.

Products such as fresh food that were previously sold overwhelmingly offline have seen huge rise in online orders during the health crisis.

As customer fears about the coronavirus cast a shadow over China’s food delivery industry, several companies have announced robot-delivery related services.

The company competes with food-delivery major Swiggy.