AskmeBazaar has announced that it is recording $1 million worth of daily transactions from its hyperlocal model, which connects local buyers to sellers. Askmebazaar claims that its hyperlocal model is extremely beneficial to sellers as it not only helps build a local buyer base, but also guarantees faster payment settlements.
Benefits of hyperlocal model:
- Building ecosystem of local sellers
- Promises faster delivery
- Ensures no in-transit damage
- Provides local warranty and billing
- Easy availability of bulk quantities and local deals
“AskMe, because of its legacy of long relationships with over 14 million businesses across the country, has the right DNA for hyperlocal. In the last one year, the group has been successful in rolling out and scaling up multiple hyperlocal businesses that are significantly more efficient than the current inventory based models,” said Kiran Murthi, CEO, AskmeBazaar.
Next Day Delivery
AskmeBazaar’s Next Day Delivery (NDD) service which delivers goods the next day at no extra cost, is currently present in 25 cities and is expected to reach fifty by the end of the year. AskmeBazaar’s Next Day Delivery business is based on the hyperlocal, online to offline model and is currently selling products across categories including:
- Home and office range
- Cameras
- Mobiles
- Consumer electronics
- Medical equipment
“The NDD model from AskmeBazaar is a capital light model that marries the best of offline and online commerce. NDD is setting new benchmarks for customer delight with free next day delivery and lowest prices on products. We will be augmenting the existing range with new categories like inverters, sanitary fittings and hardware and hope to offer a wider selection palette to the customers,” remarked Marichi Mathur, Head- Next Day Delivery, AskmeBazaar.
AskMe Grocery
AskMe Grocery is another popular service offered by AskmeBazaar, which delivers a wide range of grocery items within a 4 to 6 hour period. AskmeBazaar aims to take this service to 27 cities, from the current 15 cities by the end of November. It is targeting 10,000 orders per day within the next 6 months.
AskmeBazaar offers multiple payment options to buyers including:
- Equated Monthly Instalmemts (EMI)
- Mobile wallets
- Credit card
- Debit card
- Cash on delivery
- Card on delivery
AskmeBazaar recently announced that it was planning to move into the fashion and travel verticals in 2016, to add to its current growing categories such as grocery and furniture. AskmeBazaar also launched an online campaign against fake products on its portal recently.
A lot of new projects currently taking shape at AskmeBazaar and we await the next big development.
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