Askme acquired for 10 million US dollar

As part of the agreement, will become part of Askme.

May 16, 2015 13:10 IST
facebook IconTwitter IconWhatsapp Icon

Internet firm Askme on 15 May 2015 acquired grocery marketplace for about 10 million US dollar.

As part of the agreement, will become part of Askme. The acquisition will further expand the company’s search plus capabilities and enable near real-time inventory sync between online and physical stores. is a marketplace working in the hub-and-spoke model. It has tied up with retailers and supermarket stores to acquire food and groceries to supply to its hub, which are then delivered across locations. has over 7000 products across categories spread in the FMCG and non-FMCG sectors.

Brick-and-mortar retail in India is expected to grow three times to 180 billion US dollar in 2020 from 60 billion US dollar in 2015. E-commerce is expected to quadruple in the same time to become a 60-70 billion US dollar market.

Now get latest Current Affairs on mobile, Download # 1  Current Affairs App

Take Weekly Tests on app for exam prep and compete with others. Download Current Affairs and GK app

एग्जाम की तैयारी के लिए ऐप पर वीकली टेस्ट लें और दूसरों के साथ प्रतिस्पर्धा करें। डाउनलोड करें करेंट अफेयर्स ऐप