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  • Umall Acquires Asian Grocer Online: A Strategic Leap In Multicultural Grocery Sector

    Umall Acquires Asian Grocer Online: A Strategic Leap In Multicultural Grocery Sector

    Umall, an Australian e-commerce platform, recently announced its acquisition of Asian Grocer Online (AGO) in a bid to expand its presence in the multicultural grocery sector.

    Strategic Acquisition

    This acquisition represents a significant development in Umall’s ongoing expansion efforts. The company refers to this move as a “key milestone” in its growth trajectory. As part of this acquisition, AGO’s website is currently unavailable due to system enhancements. However, the company is working towards launching a fully refurbished, unified platform that combines the strengths of both brands.

    Expanding Reach

    With the integration of AGO’s category expertise and dedicated customer base, Umall aims to solidify its leadership position in the multicultural grocery space. The company intends to broaden its reach across Australia, providing a more diverse range of products to its customers.

    New Online Asian Supermarket

    The acquisition of AGO comes on the heels of Umall’s recent launch of a new online Asian supermarket. This venture seeks to provide a broader array of culturally diverse products, all delivered straight to customers’ homes.

    Investments in Technology

    Umall attributes much of its rapid growth to its significant investments in advanced technologies such as AI, automation, and robotics. The company maintains that these technologies have enabled it to provide faster, fresher, and more efficient service in comparison to traditional retailers.

    Questions & Answers

    What does Umall’s acquisition of AGO indicate?
    This acquisition suggests Umall’s strategic plan to extend its influence in the multicultural grocery sector and solidify its leadership position.

    What is the plan following the acquisition?
    The current plan is to launch a fully revamped, unified platform that leverages the strengths of both Umall and AGO. This integrated platform aims to provide a wider array of culturally diverse products.

    What has contributed to Umall’s rapid growth?
    Umall attributes a significant part of its rapid expansion to its substantial investments in AI, automation, and robotics. These technologies, according to the company, allow it to provide faster and more efficient service than traditional retailers.

  • India’s Grofers to convert 200 partner stores into its own brand network

    India’s Grofers to convert 200 partner stores into its own brand network

    Indian online grocer Grofers will convert around 200 service-partner stores into its own offline branded outlets.

    The move is intended to expand Grofers’ business without affecting online sales, and has already been put into effect in around 100 such “kirana” outlets, providing training in point-of-sale, retention and loyalty schemes, among other areas. Plans are also underway to expand the network into southern Indian markets.

    “We have converted several grocery stores into our own branded offline stores,” said Grofers VP and offline business head Yeshu Bansal, “around 100 kirana stores in Delhi-NCR have been a part of this effort that started somewhere in November last year. Our target is to have 200 such stores in the coming few months.”

    The firm is aiming to double sales to ₹5000 crore (US$726.7 million) this financial year and is planning an IPO within three years.

    “Using our forecasting tools and data science, we help the offline stores understand what items are selling more and what should he stock for,” added Bansal. “We are taking our experience and tech to the offline store … We are entering kirana stores in residential areas that has middle and the lower middle class population. The goal is to help the retailer scale up his business by getting more footfalls, and for us, it helps push their homegrown brands (private label products) as well.”

    Grofers partners with more than 6000 stores that deliver groceries to its customers.

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