The hyperlocal delivery segment has seen a lot of churn lately. Questions arise about the sustainability of the models that have emerged in India. These companies in India are taking ambitious steps to deliver your goods as quickly as possible. As a result, the concept of 10 minute delivery or hyperlocal delivery model is gaining momentum. But can this model work sustainably?
Hyper-local express delivery has presented a multitude of challenges and opportunities for companies who want to innovate and offer their customers something faster and new.
While several companies see huge potential for hyper-local delivery in this unpenetrated market, most stakeholders agree that the model can only last with massive capital investments and significant incentives for passengers.
Watch CNBC-TV18’s Anu Sharma companion video for more details.
First publication: STI