One of the most profitable business models in today’s times is hyperlocal delivery. Experts project the global hyperlocal delivery market, valued at USD 1.5 trillion in 2021, to reach USD 5.9 trillion by 2031, soaring at a 14.4% CAGR between 2022 and 2031. While eCommerce is already a hit among customers due to doorstep delivery, ease of browsing products, payments, and other options, hyperlocal business models offer more rapid and reliable services.
The hyperlocal delivery model helps the customer get products in the shortest duration of time. It also targets those areas of business, where traditional eCommerce services don’t step in. For example, delivering perishable canada phone number list items like cooked food, cakes, etc. along with medicines, wellness products, documents, etc. are seldom made available by big eCommerce companies like Amazon and Flipkart.
Therefore, the customer relies on local shops and services in their geographical area for such products. The hyperlocal delivery model capitalises on this fact and helps local shopkeepers and sellers deliver products to their customers living in a neighbourhood area. While this means convenience for customers, it means more business opportunities for local customers.
9 Hyperlocal Delivery Services In Mumbai
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