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  • Top E-Commerce Retailers in The USA by Their Market Share

    As the world gears up through the prosperity and connectivity of Industry 4.0, e-commerce has had the best journey. The number of internet users is increasing tremendously by the day with more and more efforts to make people stay connected online and get things done virtually.

    With over 63% of people using the internet across the United States of America, e-commerce has grown by 50% during the pandemic alone. E-commerce, due to the exposure that it provides for small businesses and the visibility that all businesses get even in the remote areas of the country, is getting bigger by the day.

    The US is one of the most developed marketplaces for e-commerce companies with this particular segment accounting for more than $1 trillion in annual retail sales across the country.

    This article will discuss some popular e-commerce companies in the USA based on their market share. Most of these companies or not only popular in the USA but are also the best globally.

    Amazon
    Walmart
    Apple
    eBay
    Target
    The Home Depot
    Best Buy
    Costco
    Carvana
    Kroger
    Wayfair
    Chewy
    Macy’s

    Amazon

    Founded 1994
    Headquarters Seattle, Washington, US
    Revenue $513.98 Billion (2022)
    Website amazon.com

    Amazon - Top E-Commerce Retailers in the USA
    Amazon – Top E-Commerce Retailers in the USA

    Amazon is the undisputed leader in the industry with a market share of 41% as per the reports that came in the year 2022. They have a whopping 2.1 billion visits on January 2022 which they proudly flaunt. Amazon was founded in the US in the year 1994 as an online marketplace for books from where it has expanded into a multinational technology company that focuses on e-commerce, digital streaming, and artificial intelligence.

    It is one of the big five American information technology companies at par with Alphabet, Apple, Meta, and Microsoft. Jeff Bezos owns this e-commerce company, which generates revenue of $470 billion, and employs more than 15,44,000 people globally. Amazon is often referred to as “one of the most influential economic and cultural forces in the world”.

    Market share of leading retail e-commerce companies in the United States as of 2022
    Market share of leading retail e-commerce companies in the United States as of 2022

    Walmart

    Founded 1962
    Headquarters Bentonville, Arkansas, US
    Revenue $570 Billion (2022)
    Website walmart.com

    Walmart - Top E-Commerce Retailers in the USA
    Walmart – Top E-Commerce Retailers in the USA

    This American multinational retail corporation was in fact the world’s largest one of its kind that operates a plethora of departmental stores, grocery stores, and hypermarkets.

    Headquartered in Bentonville, Arkansas, Walmart was founded by Sam Walton and James Walton in 1962. They account for 6.3% of the market share to gain  $393.25 billion in 2022 from $369.96 billion in 2021. Not surprisingly, they were also the world’s largest private employer with 2.2 million people working for them.

    Apple

    Founded 1976
    Headquarters Cupertino, California, US
    Revenue $394.328 Billion (2022)
    Website apple.com

    Apple - Top E-Commerce Retailers in the USA
    Apple – Top E-Commerce Retailers in the USA

    Apple.com, the retail store by Apple Inc, holds 3.9% of the market share through its net sales across its online store. They sell a range of their products from personal computers, smartphones, tablets, digital media players, etc. The first Apple store was opened in 2001 by Apple CEO Steve Jobs.

    Apple proudly holds its online retail stores as it was widely speculated that these stores would fail. Decades after its launch, apple stores continue to be one of the top e-commerce companies across the globe and in the United States of America.

    It also became the fastest company to make more than 1 billion in sales within three years of its launch to be the first company to do so. Their success as top-tier online retailers becomes sweeter due to the fact that they only sell Apple products.

    eBay

    Founded 1995
    Headquarters San Jose, California, US
    Revenue $10.8 Billion (2021)
    Website ebay.com

    eBay - Top E-Commerce Retailers in the USA
    eBay – Top E-Commerce Retailers in the USA

    Since its inception in 1995, eBay has never had to look back as it continued to expand its business globally in more than 20 countries.  It was founded by an Iranian American named Pierre Omidyar and the first item to be sold on the auction website was a broken laser printer.

    They were in fact the pioneers of the e-commerce segment. This California-based company allows both consumer-to-consumer and business-to-consumer sales through its website. It holds 3.5% of the market share in the US.

    Target

    Founded 1902
    Headquarters Minneapolis, Minnesota, US
    Revenue $26.12 Billion (2022)
    Website target.com

    Target - Top E-Commerce Retailers in the USA
    Target – Top E-Commerce Retailers in the USA

    Headquartered in Minnesota, Target is a big box department store that is considered the seventh largest retailer in the United States of America. Their e-commerce segment was launched in 2010 when they partnered with Amazon before independently launching itself.

    In 2020 alone their business grew by 144.7 %. They hold 2.1% of the e-commerce sale in the country as of June 2022. It was established as a discount division of the Dayton department store in 1962. This Fortune 500 listed company has 1948 stores across the USA.

    The Home Depot

    Founded 1978
    Headquarters Atlanta, Georgia, United States
    Revenue $151.2 Billion (2022)
    Website homedepot.com

    The Home Depot- Top E-Commerce Retailers in the USA
    The Home Depot- Top E-Commerce Retailers in the USA

    Home Depot is an online platform for all sorts of home improvement needs including appliances, bathroom decorating ideas, kitchen remodeling, patio furniture, and so on. They have employed more than 500,000 employees globally.

    They have been able to significantly integrate the nuances of both online and offline shopping by providing a seamless customer experience. They hold 2.1% of the US e-commerce market. In the financial year 2021, they achieved the milestone of making $150 billion in sales.

    Additionally, its personalized omnichannel strategy and revamped investments in areas like artificial intelligence and augmented reality have further improved its online presence.

    Best Buy

    Founded 1966
    Headquarters Richfield, Minnesota, US
    Revenue $51.761 Billion (2022)
    Website bestbuy.com

    Best Buy - Top E-Commerce Retailers in the USA
    Best Buy – Top E-Commerce Retailers in the USA

    Founded by Richard M. Schulze and James Wheeler in 1966, Best Buy was initially an audio specialty store that grew into a multinational consumer electronics retailer. They are the largest specialty retailer in the consumer electronics retail industry.

    It holds 1.6% of the market share and was ranked number 17 in the Fortune 500 list of the top state corporations in the United States based on the total revenue generated. They have also integrated virtual shopping experiences into their midst to improve customer experience further. They hope to enrich the lives of people through the innovative and efficient use of technology.

    Costco

    Founded 1983
    Headquarters Issaquah, Washington, US
    Revenue $226.954 Billion (2022)
    Website costco.com

    Costco - Top E-Commerce Retailers in the USA
    Costco – Top E-Commerce Retailers in the USA

    Costco was first opened in 1976 in a converted airplane hangar in San Diego. It used to be a small endeavor that served only small businesses. In fact, Costco was the first company that got a whopping $3 billion in sales within six years.

    As of 2020, Costco Wholesale is the fifth largest retailer in the world and holds 1.6% of e-commerce sales in the USA. As of today, Costco is an American multinational corporation that operates a chain of membership-only big-box retail stores.

    They are listed as one of the Fortune 500 companies and continue to grow through its strong entrepreneurial drive for excellence and a strong backbone cemented by employees who are highly loyal to the company due to their excellent workplace culture which attracts energetic, positive, and talented employees.

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    Carvana

    Founded 2012
    Headquarters Tempe, Arizona, US
    Revenue $3.386 Billion (2022)
    Website carvana.com

    Carvana - Top E-Commerce Retailers in the USA
    Carvana – Top E-Commerce Retailers in the USA

    Founded in 2012, Carvana has emerged as the most online growing used car retailer in the United States. It was started by Ernest Garcia III, Ryan Keeton, and Ben Huston and is most popular for its multi-story car vending machines.

    As of 2021, Carvana operates in over 250 markets across the United States and has become one of the largest used car retailers in the country. Being a young company, Carvana was able to get its name featured in the Fortune 500 list (2021) and is known to hold 1.5% of the total e-commerce market share in the US.

    Kroger

    Founded 1883
    Headquarters Cincinnati, Ohio, U.S.
    Revenue $137.888 Billion (2022)
    Website kroger.com

    Kroger - Top E-Commerce Retailers in the USA
    Kroger – Top E-Commerce Retailers in the USA

    Introduced in 1883, Kroger is an American retail company that operates supermarkets and multi-department stores in the United States. Kroger holds 1.4% of the total e-commerce market in the US.

    Kroger’s headquarters are placed in Cincinnati, Ohio. Today, Kroger operates over 2,700 grocery stores in 35 states under various brand names, including Kroger, Ralphs, Fred Meyer, and Fry’s. In addition to groceries, Kroger stores offer a range of products and services, including pharmacy services, fuel stations, and online shopping options.

    The company is also known for its private label products, which are sold under various brand names, such as Simple Truth and Private Selection. Kroger is committed to sustainability and has implemented several initiatives to reduce waste, conserve energy, and promote social responsibility.

    Wayfair

    Founded 2002
    Headquarters Boston, Massachusetts, US
    Revenue $13.708 Billion (2021)
    Website wayfair.com

    Wayfair - Top E-Commerce Retailers in the USA
    Wayfair – Top E-Commerce Retailers in the USA

    Previously known as CSN stores, Wayfair is an American e-commerce company that specializes in selling furniture, decor, home goods, and other household items online. It was founded by Niraj Shah and Steve Conine in 2002 with its headquarters being placed in Boston, Massachusetts. The company holds 1.1% of the total e-commerce market share of the United States.

    Wayfair operates through several online retail websites, including Wayfair.com, Joss & Main, AllModern, and Birch Lane. Its website offers 14 million items from more than 11,000 global suppliers. Wayfair has operations in North America, Europe, and Australia, and as of 2021, employs over 16,000 people.

    Chewy

    Founded 2011
    Headquarters Plantation, Florida, US
    Revenue $8.891 Billion (2022)
    Website chewy.com

    Chewy - Top E-Commerce Retailers in the USA
    Chewy – Top E-Commerce Retailers in the USA

    Chewy was introduced in 2011 by Ryan Cohen and Michael Day with the name “MR. Chewy”. The company was later on acquired by PetSmart in 2017. Chewy is an American online retailer of pet food and supplies that offers a wide range of pet-related products, including food, treats, toys, medication, and accessories for dogs, cats, birds, fish, and other small animals.

    The company operates through its e-commerce website, Chewy.com, which offers a variety of search options and filters to help customers find the products they need.

    Chewy has grown rapidly in recent years and as of 2021, Chewy has 13 fulfillment centers across the US. It also holds % of the total market share of the US e-commerce market.

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    Macy’s

    Founded 1858
    Headquarters New York City, US
    Revenue $25.292 Billion (2022)
    Website macys.com

    Macy's - Top E-Commerce Retailers in the USA
    Macy’s – Top E-Commerce Retailers in the USA

    They are an American chain of high-end department stores with a long legacy that can be traced back to 1858 since its launch by Rowland Hussey Macy. They account for 0.9% of the US commerce retail sales.

    Headquartered in New York, Macy’s is known for its high-quality products with a nationwide footprint which gives a hassle-free shopping experience to the customers. They believe in and strive towards creating a brighter future with bold representation.

    Conclusion

    E-commerce industries are sprouting up not only in the USA but also across the world at a fast pace. Tracing the patterns of the top e-commerce companies, it can be understood that two things that all successful e-commerce companies did were to provide excellent customer service and cater to all their needs.

    As long as the customers are happy the company can rest assured of its growth. However, there is no doubt that e-commerce industries offer a plethora of opportunities for young entrepreneurs to make their mark.

    FAQs

    What is the top US e-commerce company?

    Undoubtedly, Amazon is the top US e-commerce company.

    How many online retailers are there in the US?

    As per the data shared by Zippia, the US is home to around 1.8 million online retailers.

    Which country is number one in e-commerce?

    China is number one in the e-commerce sector owing to its large population providing the opportunity of having the biggest marketplace.

    How big is the US e-commerce market?

    The US e-commerce market is the second largest e-commerce market in the world with a revenue of 862.4 billion in 2021.

  • Don’t Go Outside, Dakoo Is Coming!

    Insights shared by Avkash Kumar, Founder & Director, Dakoo.

    Understanding the market’s need, Dakoo, a hyperlocal marketplace & delivery platform founded by Mr. Avkash Kumar in 2021, is dedicated to bringing the latest technologies to the market. What started as a modest beginning for Avkash Kumar in 2021 during the ideation phases of his hyperlocal eCommerce platform, to what the nation is going to recognize soon as a tech franchise brand “Dakoo”, – his journey has traversed many complexities of a true entrepreneur. In 2021, 2x start-up founders Priyam and Avkash, two IIT Kharagpur alumni, sowed the seed of a hyperlocal marketplace & delivery platform Dakoo, with the mission of empowering local businesses.

    Priyam and Avkash - Founders of Dakoo
    Priyam and Avkash – Founders of Dakoo

    Dakoo is looking to provide a superfast home delivery ecosystem just like Zepto. They have fast-growing start-up founders, just like their brand vision, with big dreams of getting into every Indian’s life and city, not only metro cities. Following the “Vocal for Local” motto of our honourable PM, Dakoo is also looking to decentralize the e-commerce industry by empowering the local vendors of India.

    Dakoo Tech Franchise allows small businesses to own recession-free tech businesses in their city and be a part of an exciting and innovative movement. When each city has its own eCommerce platform, local vendors can easily sell their products online and this will ultimately strengthen the local economy. With the advent of the franchise model, Dakoo is committed to bringing this technology to every city and town in India to help small businesses and entrepreneurs to grow exponentially especially considering the post covid situation.

    From Finding The Problem Till Getting Their First Seed Funding Of INR 2 Crores, Dakoo Super App Brings In Local CEOs Of Dakoo To Every City!

    India is a country with many cities. There are tier-one cities like Kolkata, and Mumbai; tier-two cities like Surat and Jaipur, and tier-three cities like Mangalore. India is predominantly a rural country, but people from tier 2 and 3 cities migrate to bigger cities for education or job opportunities. This leads to the unavailability of many employment opportunities in these smaller towns, which is a big problem for those staying there. Dakoo will provide thousands of employment opportunities in these areas in the near future by empowering the local economy. In India, 60% of local retailers are not digitally enabled.

    Dakoo Tech Delivery
    Dakoo Tech Delivery

    Out of the massive $1.1T Indian local retail market, more than 90% of FMCG sales take place through local retail. India has almost 86% of consumers who shop locally. Thus, statistically, most e-commerce players are projected to prefer Dakoo’s logistics service over other players because it can be scaled up with less cost. Dakoo’s business model is all about ensuring that small entrepreneurs get enough orders to sustain their businesses who are suffering from daily orders due to the easy accessibility of big Indian eCommerce giants.

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    How Dakoo Solves The Problem?

    Startups and small businesses face a lot of challenges. And while there are programs to help, they don’t solve one of the entrepreneurs’ biggest challenges: Time. Dakoo looks to help small businesses across multiple industries with marketing and sales services through an easy-to-use digital platform. To ease out ventures like start-ups and small businesses, which face a lot of challenges, Dakoo Super App brings in an entire framework of apps for Customers, Merchants, and Delivery agents with regular updates. This helps to enhance product quality as well as customer experience. Dakoo offers free home delivery from any local shop, whether it’s a vegetable shop, Grocery store, Restaurant, Thela, Electronics shop, or Supermarket. All deliveries are completed within 25 minutes by Dakoo’s super-strong delivery ecosystem. Dakoo plans to reduce this delivery time to 15 minutes by the year of 2023. Bringing this kind of comforts and privileges of metro cities to tier 2 and 3 cities, while competing in tier 1 cities simultaneously, is the goal of the super app. Dakoo also plans to bring an electric vehicle hailing platform to tier 2 & tier 3 cities in the near future. The company has a dedicated team of professionals who work hard to ensure that its products can meet customer expectations. They also provide a Franchisee App, which helps handle the city monitoring and management dashboard. It also allows them to control multiple delivery agents through just one app.

    The best part that would give a boom is the system of making sure to keep track of all orders placed by various customers using different delivery partners. It enables them to maintain high transparency throughout their entire business process. Apart from ensuring that they deliver the best services to their clients, they have made sure that they can make payments easily and quickly without any issues or delays. This helps them achieve maximum productivity without compromising service quality or efficiency levels. Dakoo also offers digital marketing services such as Digital Marketing, guerrilla marketing & branding material, Marketing pitch, onboarding & training Videos for merchant & delivery agents, the Initial level of Customer support, Merchant support & Delivery Agent support. This helps businesses gain visibility online, thereby increasing sales volume significantly.

    Grow your Sales using Dakoo
    Grow your Sales using Dakoo

    Want to Operate with Dakoo? Know How!

    Dakoo was designed to help entrepreneurs reduce costs and complexity. If you wish to use Dakoo you have to follow these steps.

    • You can Hire delivery agents who will be paid per delivery directly via the app.
    • Convince Merchants in your city to join Dakoo, using our marketing pitch video.
    • Conduct offline marketing & branding campaigns with materials provided by Dakoo.
    • Manage delivery escalation & feedback improvements.

    You will be responsible for any and all taxes and fees related to your business, as well as complying with local laws and regulations. This includes VAT, corporate tax, income tax, and more. You will also be responsible for any legal liabilities or other financial commitments that may arise from running your business. Make sure you comply with all applicable hiring laws and regulations, as well as labour standards. Protect your data by complying with all applicable data protection laws. And finally, make sure you are compliant with all intellectual property laws. The company recently took 10,000 interviews and going to award franchises to top 100 entrepreneurs.

    Dakoo award franchises to top 100 entrepreneurs
    Dakoo award franchises to top 100 entrepreneurs

    Growth Plans and Future Roadmap

    Dakoo’s service is growing in popularity among local entrepreneurs and small businesses. The company is focusing on building a system that can grow alongside them. In the next few years, they hope to leverage artificial intelligence to create a single platform where eCommerce and digital marketing are closely tied together. Dakoo recently secured INR 2 Cr from the Founders of FlyDining, helping them complete their vision of digitizing the local market. The investors, Mr. Pankaj Dhingra, Mr. Samir Dhingra and Mr. Shubham Singhal, have shown faith in the business model of Dakoo and invested for the better future of India.

    Being open to co-branding opportunities with EVs and looking to launch in tier 2 and 3 cities, Dakoo is all set to become an important part of how thousands of local business owners run their online operations. As soon as small businesses grow beyond local exposure and word-of-mouth promotion, it’s time to map out a growth strategy. Ideally, that means creating a set timeline based on specific milestones. Without these milestones ahead of time, it can be difficult to make smart decisions about how best to spend marketing dollars down the road when cash flow becomes an issue. If money is tight right now, consider scaling back advertising costs temporarily until revenue hits another level again. Here’s where all Dakoo will serve as a real Dakoo, for as a good one, for thousands of entrepreneurs and their businesses!

  • List of All the Subsidiaries of Mahindra Group

    Mahindra Group is one of the most well-known Indian conglomerate company that has its headquarters based in Mumbai, Maharashtra. The company originally called as Muhammad and Mahindra and was established in 1945 by the brothers J.C Mahindra, K.C Mahindra and Malik Ghulam Muhammad. The conglomerate is considered to be one of the well-known reputable Indian industrial company and is also a leader in manufacturing utility vehicles including tractors in India.

    The company enjoys a strong presence in sectors of real estate, agribusiness, aerospace, commercial vehicles, logistics, real estate, renewable energy, etc. Mahindra employees more than 2,40,000 people across 100 different countries.

    Mahindra group started its operation in the steel business, but has now expanded to 22 industries such as aerospace, agribusiness, aftermarket, automotive, construction equipment, defence, energy, farm equipment, finance, insurance, industrial equipment, information technology, leisure, logistics, retail, education, hospitality, etc in 2020.

    The CEO of Mahindra group is Anand Mahindra. The Mahindra Group has a $20.7 billion dollar federation of companies that aims in enabling people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities around the world.

    The vision of the company is to empower enterprise everywhere and help in the growth of mobility, rural prosperity, IT, financial services, clean energy and business productivity.

    In India, the company is very popular for their innovative IT solutions and reliable yet affordable automobiles. The company is so far successful because of its subsidiaries such as Club Mahindra Holidays, Mahindra Aerospace, Mahindra, Logistics Limited, Mahindra Lifespace Developers, Mahindra Electric Mobility Limited, Tech Mahindra, Mahindra & Mahindra Financial Services Limited and Mahindra & Mahindra Limited among others.

    A Brief History of the Mahindra Group
    List of Mahindra Group Subsidiaries

    1. Mahindra & Mahindra Limited
    2. Mahindra Finance
    3. Tech Mahindra
    4. Mahindra Electric Mobility Limited
    5. Mahindra Logistics Limited
    6. Mahindra Lifespace Developers Limited
    7. Mahindra Aerospace
    8. Mahindra Holiday and Resorts India limited

    A Brief History of the Mahindra Group

    Mahindra Group started out as steel trading company more than seven decades ago, now it is a global brand spanning in various industries in more than 100 countries. Earlier known as Muhammad and Mahindra, the company was established in 1945 as a steel trading company by the brothers J.C Mahindra and Kailash Chandra Mahindra and Malik Ghulam Muhammad.

    Post the partition of India in 1947, Malik Ghulam left the company and the country to immigrate to Pakistan where he became the first finance minister. This is why K.C Mahindra changed the name of the company to Mahindra & Mahindra in 1948. The company became a leader in the steel industry as also began trading steel with UK suppliers. It also was the company that began manufacturing Willys Jeeps in India in 1947.

    It wasn’t until 1956, that the company got listed on Bombay stock exchange, by 1969 the company had entered international markets as an exporter of utility vehicles. Mahindra started its tractor division in 1982 and a tech division (now known as Tech Mahindra) in 1986. When Mahindra group became really big and got into many sectors in 1994, the company had to reorganize, dividing it into six business units like automotive , farm equipment, infrastructure, trade and financial services, IT and Automotive components.

    Mahindra & Mahindra is currently one of the largest companies in India, as it was also ranked the top 200 most reputable companies in the world by Forbes in 2009. The Mahindra group then went on launch Mahindra rise a new corporate brand in 2011, in order to unite the company’s image across all industries and countries. Mahindra group entered the two wheeler market by taking over Kinetic motors in India.

    In 2011, Mahindra brought a huge stake in the REVA Electric Car Company, the same year the company also acquired SsangYong Motors which is a South Korean company. From then onwards, the company started acquiring international companies like Peugeot Motorcycles and even Pininfarina Spa (an Italian car designer), Hisarlar (a farm equipment company), Erkunt tractors Sanayi (Turkish tractor maker), among others. This is how the Indian conglomerate paved its way to become a global powerhouse.

    The history of Mahindra group

    List of Mahindra Group Subsidiaries

    Here are listed all the Mahindra Group Companies.

    Mahindra & Mahindra Limited

    Founded: 1945

    Mahindra Group Limited
    Mahindra Group Limited

    It is the flagship company of Mahindra group which is also a multinational automotive manufacturing corporation. Mahindra and Mahindra Ltd. is headquartered in Mumbai, Maharashtra and has more than 17,577 employees from over 100 countries across the globe. It is also one of the largest manufacturers of vehicles in India and the largest manufactures of tractors in the world.

    Mahindra & Mahindra popular cars
    Mahindra & Mahindra popular cars

    Mahindra is known for its commercial vehicles, tractors, two wheelers and even construction equipment. In 2018, the company was ranked 17th in the top companies list in India by Fortune India 500. This company was started by K.C Mahindra after he was inspired by a jeep invented by Barney Roos, which he saw during a trip to America as Chairman of the India Supple Mission. The main competitors of Mahindra and Mahindra in India are:

    The company has been so successful because of its subsidiaries which manufacture and market a wide range of utility vehicles. Mahindra & Mahindra also provides farm equipment services, steel trading, processing services, financial services, infrastructure development, hospitality services, information technology services, systech among numerous others.

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    Mahindra Finance

    Founded: 1991

    Mahindra Finance - Mahindra & Mahindra Subsidiaries
    Mahindra Finance – Mahindra & Mahindra Subsidiaries

    Mahindra Finance is one the top tractor financers in the country as it provides various different financial products to its customers. The company so far has over 4.7 million customers and more than 1200 offices which is spread all across the country.

    Mahindra Finance started its first branch in Jaipur in 1995 and began financing non Mahindra vehicles in 2002 and then went on to finance commercial vehicles and construction equipment in 2009.

    The vision of Mahindra finance is to provide financial services in semi urban and rural India, as well as transform rural lives and drive positive change in the communities. This is why the company has one branch within the reach of every two villages in India.

    The product portfolio of Mahindra finance includes vehicle finance for passenger vehicles, utility vehicles, tractors, commercial vehicles, construction equipment’s, etc.

    It also provides SME finance which includes project finance, equipment finance, working capital finance. Mahindra finance is also known for its mutual fund distribution, fixed deposits and personal loans that are tailored as per the customer’s needs. So far the company has over 33,000 employees and is present in all the states of India, with a footprint in 85% of its districts.

    Mahindra Finance has brought about a positive change by using its subsidiaries like Mahindra Insurance Brokers Limited and Mahindra Rural Housing Finance to cater to the financial needs of millions of its customers in both rural and semi urban regions of the country. The company has a connection with its customers as, it provides them with evolving needs.

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    Tech Mahindra

    Founded: 1986

    Tech Mahindra - Mahindra & Mahindra Subsidiaries
    Tech Mahindra – Mahindra & Mahindra Subsidiaries

    Tech Mahindra is an Indian tech company which is also one of the main subsidiary of Mahindra group, headquartered in Pune, Maharashtra. The company provides services like Information Technology (IT) and Business Process Outsourcing (BPO). The annual revenue of Tech Mahindra in 2020 was $5.2 billion, it has more than 125, 236 employees spanning across 90 countries.

    Tech Mahindra has more than 988 global customers and was also listed under the Fortune 500 companies list in 2019. Currently, the company has over 973 active clients. The company provides innovative and customer centric experiences enabling enterprise, associates and the society to grow. Tech Mahindra was created after Mahindra & Mahindra started its joint venture with the British Telecom in 1986 as technological outsourcing firm.

    Tech Mahindra is also known to be the fastest growing brands and amongst the top 15 IT service providers globally. It aims to provide its global customers with next generation technologies including 5G, Blockchain, cyber security, AI and much more in order to help in digital transformation. In 2020, Tech Mahindra also got in the list of India’s 50 best companies to work according to the Great Place to Work.

    Mahindra Electric Mobility Limited

    Founded: 1994

    Mahindra Electric - Mahindra & Mahindra Subsidiaries
    Mahindra Electric – Mahindra & Mahindra Subsidiaries

    Mahindra Electric Mobility Limited was initially called as the Reva Electric Car Company before it was acquired by Mahindra & Mahindra in 2010.

    The company has its headquarters in Bengaluru, Karnataka and is known to be a pioneer for designing and manufacturing electric vehicles in India. MEML’s first electric car REVAi was one of the most popular and affordable electric car available 26 countries in over 4000 different variations.

    The company is also the first Indian car manufacturer that has travelled more than 170 million ekilometres on its fleet. The Reva electric car company (REVA an acronym for revolutionary electric vehicle alternative) was founded by Chetan Maini in 1994 as a joint venture between the Maini Group and Amerigon Electric Vehicle technologies.

    The company has a wide variety of electric vehicles such as the electric sedan eVerito, the electric commercial vehicle, eSupro a van for passenger & cargo and lastly the Treo range of three-wheelers powered by lithium and ion battery. The aim of the company is to develop and produce more affordable electric vehicles for personal and commercial segments.

    The future of mobility in India

    Mahindra Logistics Limited

    Founded: 2000

    Mahindra Logistics - Mahindra & Mahindra Subsidiaries
    Mahindra Logistics – Mahindra & Mahindra Subsidiaries

    Mahindra Logistics Limited is another subsidiary of Mahindra group that is a leader in the sector of integrated third party logistics service, supply chain management and enterprise mobility solutions. The company was founded more than a decade ago and aims to continue providing customized, innovative and technology enabled solutions to its clients across different industries.

    So far, the company has over 500 customers across sectors like automotive, engineering, consumer’s goods, pharmaceuticals, telecom, ecommerce, bulk, banking, IT, financial services, insurance, etc. It has provided transportation services for 1,00,000 plus kilometers per month and has an experienced team with strong domain knowledge.

    Mahindra Logistics offers customization and end to end logistics services and solutions, right from distribution, warehousing, in factory logistics and value added services to their customers. The aim of the company is to make the logistic process from origin to end customer easier, affordable, efficient and reliable, with shortened delivery times and better provide customer satisfaction.

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    Mahindra Lifespace Developers Limited

    Founded: 1994

    Mahindra Lifespaces - Mahindra & Mahindra Subsidiaries
    Mahindra Lifespaces – Mahindra & Mahindra Subsidiaries

    Mahindra Lifespaces is a leading real estate development company in India, which is headquartered in Mumbai, Maharashtra. The company was founded in 1994 and has so far created innovative projects and designed living spaces throughout the country. The company is also a pioneer in sustainable urbanization, as it aims to provide responsible, green design and development options to its clients.

    Mahindra Lifespace has developed well known projects in metropolitan cities like Mumbai, Pune, Nagpur, Ahmedabad, Delhi, Jaipur, Hyderabad, Chennai, and Bengaluru. The company has so far completed residential projects of about 17.81 million sq. ft. and is working on upcoming residential projects of 7.9 million sq. ft.

    It also has over 5000 acres of ongoing and upcoming projects under development at its integrated industrial clusters in 4 different locations. In 2019, Mahindra Lifespaces was ranked 17th among India’s Great Mid-Size Workplaces, by the Great Place To Work Institute.

    Mahindra Aerospace

    Founded: 2003

    Mahindra Aerospace - Mahindra & Mahindra Subsidiaries
    Mahindra Aerospace – Mahindra & Mahindra Subsidiaries

    Another subsidiary that is a leader in its sector is the Mahindra Aerospace. This Indian aerospace company is the first ever private firm that manufactures civil aircrafts for Indian Aviation market. The company is an AS9100 Rev D certified design organization and has also developed a NAL NM5 light aircraft along with National aerospace laboratories.

    The company has manufacturing plants in Latrobe regional airport in Victoria, Australia and Narsapura Industrial Area in Karnataka, India. The Aeros-structure business of Mahindra aerospace is known for providing sheet metal parts and assemblies for major global aerospace and defence companies. It provides more than 350 plus programs in over 9 countries.

    Mahindra aerospace has acquired stake in international aircraft manufacturers like GippsAero, Aerostaff Australia in 2009 and Australian Boeing unit in 2010. The company has also used its planes as an air ambulance, rescuing animals and putting out wildfires in the times of need.

    Mahindra Holiday and Resorts India limited

    Founded: 1996

    Mahindra holiday and resorts - Mahindra & Mahindra Subsidiaries
    Mahindra holiday and resorts – Mahindra & Mahindra Subsidiaries

    MHRIL is a part of the leisure and hospitality sector of the Mahindra group that was founded in 1996. Mahindra holiday and resorts offers family holiday packages mainly through vacation ownership memberships for over a period of 10 to 25 years. The main offering of the company is the Club Mahindra holidays which is its most popular flagship brand.

    The Club Mahindra has more than 260,000 members, with a 100 plus resorts in India and 4,500 affiliated RCI resorts all over the world. The company is also known to be the world largest vacation ownership brand outside America.

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    Conclusion

    The company aims in enabling people to rise through innovative mobility solutions, driving rural prosperity, nurturing new businesses and fostering communities around the world. Mahindra is so successful and will continue to grow because of its numerous subsidiaries. Mahindra is also a leader in as many as 22 sectors with an annual revenue $13 billion dollar.

    Frequently Asked Questions

    What does Mahindra group do?

    Mahindra Group is a billion-dollar global enterprise that has business in sectors such as aerospace, agribusiness, aftermarket, automotive, construction equipment, defence, and more.

    What are the subsidiaries of Mahindra Group?

    The list of Mahindra group subsidiaries are:

    • Mahindra & Mahindra Limited
    • Mahindra Lifespace Developers Limited
    • Mahindra Financial Services Limited
    • Mahindra Holiday and Resorts India Limited
    • Mahindra Aerospace
    • Mahindra Logistics Limited
    • Mahindra Electric Mobility Limited
    • Tech Mahindra

    Who is the CEO of Mahindra group?

    Dr. Anish Shah is the CEO of Mahindra Group.

    Where is the headquarters of Mahindra Group?

    The headquarters of Mahindra Group is in Mumbai, Maharashtra.

    What is the net worth of Anand Mahindra?

    The net worth of Anand Mahindra is $170 Crores.

    Who is the CEO of Tech Mahindra?

    CP Gurnani is the CEO of Tech Mahindra.

    How many companies are there under Mahindra Group?

    There are 150 companies having global presence in 23 industries under Mahindra Group.

    How many employees are there in Mahindra Group?

    There are over 250,000 employees in Mahindra Group.

  • Interesting Facts About Jiomart Online Grocery Shopping Platform

    In April 2020, Reliance Industries Ltd launched JioMart, an e-commerce website on the Jio platform. JioMart is an online grocery shop that delivers 50,000+ grocery items at a discount to your home via a fast delivery system. It is based on a demand-driven model. The website began operations in Thane, Kalyan and Navi Mumbai and eventually expanded throughout India. Customers responded positively to the service, and the firm is currently expanding its presence in other Indian cities and villages. JioMart has developed a digital pan-India infrastructure in collaboration with local Kirana stores and its retail outlets.

    Instead of employing a warehouse infrastructure, the firm works with local shops. The grocery goods are sourced by these shops and delivered to the customers.

    Reliance plans to compete with existing grocery platforms in India, such as Swiggy, BigBasket, Zomato, Grofers, and others, via JioMart. Some interesting facts regarding the e-commerce platform are listed below.

    Jiomart Does Not Have Any Warehouses
    Jiomart Selling Platforms
    How Does Jiomart Work With Retailers?
    A Retailer Can Become A Jiomart Seller
    Why Is Jiomart Such a Strong Competitor?
    Jiomart’s Features
    Mukesh Ambani’s Jiomart Aims
    Jiomart Supported through Reliance Aquisitions
    Jiomart’s Business Strategy
    Jiomart’s Competitors
    Conclusion
    FAQs

    About JioMart

    Jiomart Does Not Have Any Warehouses

    JioMart, unlike its competitors Flipkart and Amazon, does not stock its items in massive warehouses. To supply merchandise, they have partnered with local retailers or Kirana stores.

    Jiomart Selling Platforms

    JioMart Grocery Shopping Platform
    JioMart Grocery Shopping Platform

    Fresh fruits and vegetables, groceries, snacks, drinks, home & household basics, beauty & hygiene, and infant care are just a few of the supermarket items available at JioMart.

    You may purchase and order things using the Jiomart website and app. Previously, Jiomart teamed with Mark Zuckerberg through Facebook-owned WhatsApp, and the two companies joined together to improve JioMart’s service and reach out to WhatsApp customers. Users may submit orders over Whatsapp, which would make it easier for clients who are not comfortable using digital platforms to shop from JioMart. As a result, the service became much more user-friendly.

    How Does Jiomart Work With Retailers?

    Jiomart links with local businesses and delivers items to clients by obtaining them from the closest store in the customer’s neighbourhood. To place the order, the consumer will utilise their official WhatsApp number.

    The user will get a bill that must be paid in cash after confirmation. When the order is ready, the client will be notified and instructed to pick up the order from the store.

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    A Retailer Can Become A Jiomart Seller

    Any retailer can easily be a seller at JioMart. To become a vendor on JioMart, a retailer must first register. Store owners may use the JioMart app to display their inventory, take orders, make deals, and manage online sales after registering. JioMart would make sure that vendors using its platform have a pleasant selling experience. Retailers will be provided with the necessary assistance to ensure that items are delivered to customers promptly.

    Why Is Jiomart Such a Strong Competitor?

    In comparison to competitors such as Amazon, Jiomart provides lower costs to merchants and has a significantly greater portion of the distribution pie. JioMart, unlike other e-commerce platforms, works with small businesses. It serves as a distributor, distributing items to merchants and fulfilling orders for JioMart through its small shop network.

    JioMart presently delivers 250,000 orders every day, and the e-commerce site has ambitions to expand into electronics and other categories shortly. At the moment, JioMart is offering all food goods at a discount of 5% off the MRP. It is even less expensive than Amazon, Flipkart, Zomato, and Swiggy. JioMart also provides a larger selection of items than other e-commerce sites and no order limits.

    Reliance Retail has a 20% share of the grocery market among organised companies and is 40% larger than the second-largest competitor, DMart.

    The firm has a 5% organised segment share in fashion retail, which is more than 50% greater than competitors like Aditya Birla Fashion (ABFRL).

    Jiomart’s Features

    Every e-commerce site has a minimum order requirement to qualify for free delivery. However, Jiomart has no such need. According to the firm, there is no minimum order for free home delivery. The firm plans to deliver orders placed on Jiomart within one to two hours, with large purchases arriving the same day or the following day. Every product on JioMart has a minimum discount of 5% and can go up to a maximum value of 50%.

    The firm should accept things returned without inquiry, making the service more customer-friendly.

    Mukesh Ambani’s Jiomart Aims

    JioMart was not an impulsive action by Mukesh Ambani but rather a well-thought-out strategy to grab the lucrative e-commerce market. By 2021, the domain is expected to be worth $1.2 trillion. His superb effort reflects his aim to compete with global e-commerce behemoths like Amazon and Flipkart, controlled by Walmart.

    Jiomart Supported through Reliance Aquisitions

    Reliance Acquisition Supported JioMart
    Reliance Acquisition Supported JioMart

    In 2019, JioMart was supported by the Reliance acquisitions of Grab A Grub and C-Square.

    Grab A Grub is a logistics firm based in India that was formed in 2013. It was purchased for $14.9 million in March 2019 by Reliance Industrial Investments and Holdings Limited to assist Jio Mart logistics. Grab was selected because it has a track record of success with mega-brands, including McDonald’s, BigBasket, Myntra, Amazon Now, and Swiggy.

    C-Square Info Solutions Private Limited, created in 2002, offers software solutions for e-commerce, retail, salesforce, and other industries. RIIHL purchased it in March 2019 for $11.56 million. RIL made this strategic decision to boost JioMart’s business strategy.

    Jiomart’s Business Strategy

    The Chinese e-commerce giant Alibaba Group Holding Ltd pioneered Jiomart’s business strategy. It offers online to offline model (O2O). A user looks for a product or service online but purchases it through an offline channel under the O2O model.

    Jiomart’s Competitors

    Because of its massive success, Ambani’s Jio cellular service pushed a lot of other cellular networks on the verge of going out of business. This might be the case for Ambani’s current endeavour, as well as all of its competitors.

    JioMart may have Amazon and Flipkart on its radar, but in its current form, the firm will be a bigger nuisance for Grofers and BigBasket, India’s leading grocery delivery companies- Swiggy and Zomato, too, have just entered the grocery delivery market in India.

    Conclusion

    With the advent of the largest player in the Indian industry, incumbent grocery delivery businesses face a major challenge. JioMart has various advantages over its competitors, in addition to having a well-known brand name.

    Jio’s entry into the telecom industry sparked a revolution and changed the tables. Big names like Airtel and Vodafone, who had ruled for years, were knocked off their perches. It remains to be seen if Jio will be the market leader in online grocery delivery.

    FAQs

    Who is the founder of JioMart?

    JioMart is a product of Reliance Industries, owned by Mukesh Ambani.

    When was JioMart launched?

    JioMart was launched in areas near Mumbai in April 2020. It was successfully launched in 200 cities in May 2020.

    Can non Jio users use JioMart?

    Yes, JioMart can be used by non Jio customers.

    What is JioMart model?

    JioMart works as O2O model (Online to Offline model) where users can order online and order gets delivered offline.

  • The Business Model And Main Competitors Of Tesco

    Tesco is one of the biggest multinational conglomerate companies in the world, that mainly focuses on grocery and general merchandise retailing. The company has its headquarters based in Welwyn Garden City, England. It is now said to be the third-largest retailer in the world if measured in terms of its gross revenue, while if the conglomerate is measured based on its total revenue it stands in the Ninth spot in the world.

    There is no doubt when we say that Tesco is the market leader of groceries in countries like Hungary, Thailand, Ireland and the UK. In the United Kingdom, the company is known to hold over 28.4% of the overall market share. Besides that, it also has its outlets in seven countries of continents like Europe, North America and Asia. Tesco is probably one of the most recognizable retail names in the United Kingdom especially when it comes to grocery shopping.

    But what you may not know is that the company also completes with other retailers like convenience stores and general merchandise. The British conglomerate has made a name for itself through organic growth and most notably through a series of strategic acquisitions it’s acquired and its subsidiaries since it was first created. The Tesco business strategy believes in expanding into a combination of acquisitions of new stores, retail services and adapting to the needs of consumers.

    The main aim of the Tesco business model is to serve the customer not just in the UK but around the world and make them happy. This is more cost-effective for the business than acquiring new ones. According to some studies, the company’s record-breaking sales is said to be more than £1billion a week and which was better than the expected annual profits of over £3.4billion for 53 weeks to 28 February 2010, despite the impact of the global downturn.

    In the UK, Tesco currently has more than  2,200 stores that can range from the large Extra hypermarket style stores to other small-sized Express high street style outlets. Tesco online success is due to the expansion of its customer base via its online website and app through which it attracts more than a million regular customers and sells a huge variety of original product categories when it comes to groceries. Tesco digital marketing strategy is also responsible for making its customers return.

    While its general merchandise sector has now diversified and has its foothold in industries such as banking, insurance services, electrical consumer goods, telephone gadgets and quality airtime. This article will tell you just how Tesco business model made the company so successful and will also contain Tesco competitors analysis.

    The Business Model of Tesco
    The Four Components of Tesco Business Model
    What is Unique about Tescos Business Model?
    Key activities of Tesco
    The value proposition of Tesco
    The Main Competitors of Tesco
    Frequently Asked Questions

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    The Business Model of Tesco

    Tesco is one of the largest commercial and grocery store chains in the world, while the Tesco online market share is the largest when we regard the European market. Not only is Tesco marketing strategy and business model very successful in terms of selling its products but it’s also known to be extremely unique and professional in its ways of handling business and further possibilities. The Tesco business model is designed in a way wherein the company buys, moves and sells its various products and services to their customers to get insight in order to do a bit better each time.

    Tesco business model focuses on four major components. The first step to Tesco business model analysis is in bringing in more feedback and insights into what customers want and try to understand their needs. By doing that Tesco can sell and distribute their products and services to their customers. The business model of Tesco is flexible, as the company is also willing to adjust or and improve its four components to accommodate the different types of customers that shop with them, this process also makes their shopping experience better and easier.

    The Four Components of Tesco Business Model

    Product

    The Tesco model offers its customers quality products that are developed by their Product team. Tesco company products are said to be of high quality because its team has an absolute focus on fair, transparent, mutually beneficial relationships with suppliers. The Product team works with our suppliers to source the best possible range of quality products that meet and anticipate our customers’ needs.

    Channels

    Tesco online success is because the company brings the best products to customers even through its online portals. Tesco online business model works through a range of channels from small shops to large shops and also focuses on growing their online business. As part of improving our offer, the company is investing in making our channels even more efficient and convenient for our customers.

    Customers

    Tesco business relies on serving its customers and its business model has customers at its core. We listen to our customers and act on what is important to them to deliver the best shopping trip: price, service, range and availability.

    Reinvest

    The main focus is to improve Tesco for customers. With the Tesco strategic plan 2021, the company aims at becoming more efficient and reinvesting some of the savings we make to improve the shopping trip. The reason for this reinvestment is clear, the better a job we do for customers, the more we will improve sales; the more our sales improve, the more we can reinvest.

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    What is Unique about Tescos Business Model?

    Tesco has is one of the most unique business models when you analyze its rapid expansion first throughout the United Kingdom. It has expanded its footprint over the whole Eastern European area especially along the side of Ireland and Scotland. Tesco gains its large number of stores by simply buying off other small-sized stores in large quantities and also by purchasing the midsized grocery store chains.

    This way instantly resulted in Tesco gaining numerous new stores, which were then connected with one business transaction. So what makes Tesco different from competitors? These are some unique factors about Tesco business model are:

    Buying huge quantities of produce to then sell cheap

    Everyone knows that the more someone buys from a product, the cheaper the product will become. The company maintains highly competitive prices up to the point where it has started to self-produce most of its grocery products in order to become even cheaper and give way to further specialization.

    The company is self-producing

    Tesco has also been extensively successful because it’s been producing its own grocery products in its own factories for a long time now. This way it can work at way lower rates than its competitors who do not have the means to produce their own goods. The company has become so successful in terms of self-producing its goods that these days it’s also been dealing with the production of premier quality products which are sold under Tesco’s brand name.

    It has Online gateways

    Tesco has opened its website and app through which it has been selling its products online with massive success especially in countries like the UK and other countries throughout Europe. Many people are not aware that this creates a unique situation as Tesco is the only chain of its kind in Europe that could keep its online shopping system successful and profitable.

    Increasing the number of stores

    Tesco has started to diversify and increase its stores, in order to make its services products more widely available for a larger crowd of people. This way, one doesn’t need to travel to another city or town whenever they want to shop at a Tesco. It’s enough to pop in for a quick shopping in a Tesco Express or in a Tesco Metro which was established for this exact reason.  

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    Key activities of Tesco

    When you do a Tesco market segmentation analysis, you will find that these are the main segments that the company focuses the most on.

    • Procurement
    • Pricing
    • Marketing
    • Customer federalization
    • Diversification
    • Buying and selling consumer goods
    • Effective distribution system
    • Analyze consumer demand
    • Warehousing and logistics

    The value proposition of Tesco

    Tesco business strategy covers all segments of the market like:

    • One-stop shopping place
    • Good prices
    • Complementary services
    • Wide range presence and selection
    • Variety combined
    • 24/7 shopping experience
    • Safety
    • Convenient online shopping
    • Business diversification (telecom, gas station, banking and photo)

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    The Main Competitors of Tesco

    Tesco’s competitors are Sainsbury’s, ASDA, Waitrose and Morrison’s. These four companies are called the Big Four in the United Kingdom. Tesco competitors analysis shows you how over the past few years, grocery companies like Aldi and Lidl have started to grow exponentially and become strong competitors to Tesco.

    The conglomerate also competes with the local convenience stores, which are slowly gaining popularity as they cater to customers based on their different tastes. The local convenience store market is highly fragmented.  According to a research done, in the U.K. grocery market leader because it has 26.9% of market share, while Tesco main competitors is Sainsbury’s followed by ASDA, which have 15% and 14.1% of market share respectively.

    ASDA

    Asda logo
    Asda logo

    ASDA is a British supermarket chain that is one of Tesco main competitors. The company was founded as a joint venture between the Asquith family and a Yorkshire company known as Associated Dairies back in 1949. The company was earlier a major subsidiary of Walmart until 1999 but was later brought over by Zuber and Mohsin Issa and TDR capital in 2021.

    So far Asda is known to have over 635 retail locations, more than 584 of which are supermarkets. Besides being one of the top grocery company in the UK, it also operates larger format superstores, which sells clothing and furnishing in addition to groceries. ASDA’s competitive strategy aims at keeping its prices low and improving its store layouts and online sales channel so it can easily revolve according to the shopper’s habits.

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    Sainsbury

    Sainsbury logo
    Sainsbury logo

    Sainsbury is one of the top Tesco competitors in the UK. Sainsbury was founded in London England in 1869. Like Tesco, Sainsbury also has its foothold in industries such as in the logistics, wholesale and retail distributor’s space. But compared to Tesco, Sainsbury’s is said to generate over $47.3 billion less revenue. Its efforts in its marketing have led the company to become the second-largest grocery chain in the United Kingdom, it currently has 1,415 locations across the country

    The company to charges a premium for grocery products, though price reduction has been an important element of its recent competitive strategy and this is why Sainsbury is tesco’s biggest competitors. To increase customer engagement, Sainsbury’s is experimenting with different store layouts, expanding its offering to general merchandise categories and promoting its in-store banking services. ‌‌  

    Morrisons

    Morrisons logo
    Morrisons logo

    Morrisons is another top contender for Tesco which is headquartered in Bradford, England. The company was founded in 1899 and is in the Hypermarket and Supercentres industry. The company has more than 492 supermarkets and has over 50 convenience stores. Morrisons operates 18 plus food manufacturing facilities, it also has eight distribution centres, and directly engages farmers to get fresh and good quality poultry, meat and produce.

    Morrisons is a tesco competitor because it is working towards making improvements in its stores along with its vertically integrated structure while reducing everyday prices. The company aims in creating a more balanced approach to promotional pricing is also an important element of the strategic price review. Morrisons has recently adopted a new strict capital expenditure budget, Which is why most of the new stores opening are in the smaller convenience format.

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    Aldi

    Aldi logo
    Aldi logo

    Aldi is a top Tesco competitor and a popular German grocery chain which have its headquarters based in Essen, Germany. It operates in over 10,000 stores in 20 different countries. Aldi is one of the top discount grocers in the whole of Europe. This Tescos competitors offers low priced grocery items with a disproportionately high private label offering. Similar to Tesco marketing strategy, Aldi does not accept manufacturer coupons but does offer huge discounts on groceries. Besides that, it holds Aldi holds weekly specials on general merchandise products.

    Waitrose

    Waitrose logo
    Waitrose logo

    Waitrose is one of tesco’s biggest competitors and another British grocery supermarket chain. The company was founded in 1908 and has its headquarters based in London, England. Like Tesco, Waitrose has a foothold in industries like logistics, wholesalers and retail distribution space. Waitrose operates in over 336 locations most of which are supermarkets. Some supermarket stores include restaurants that serve hot foods, while other locations specialize in general merchandise in addition to food.

    Conclusion

    Tesco is one of the biggest supermarket chains in the whole world because of its innovative business strategies. Tesco is a brand in itself as it has its own factories and its online shopping comes with benefits. Tesco has its own brand of mobile phones and telecommunications, besides that, it also has its petrol stations which add to the fact that tesco has been succefull in not just the grocery sector but other industries too. And these factors are what makes tesco different from competitors.

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    Frequently Asked Questions

    What is Tesco?

    Tesco is one of the biggest multinational conglomerate companies in the world, that mainly focuses on grocery and general merchandise retailing.

    What is Tesco’s business strategy?

    Tesco’s main business strategy is aggressive expansion into overseas grocery markets.

    What makes Tesco a successful business?

    From the analysis of the 4Cs ( which are Customer Benefit, Customer Cost, Customer Communication and Convenience) marketing strategy used by Tesco.

    Who are Tesco’s main competitors?

    Tesco main competitors are Sainsbury’s, ASDA, Waitrose and Morrison’s, which are often called the Big Four in the United Kingdom.

    Is Tesco multinational?

    Yes, Tesco is a multinational conglomerate as it is into different industries like banking, telecommunication, insurance, etc.

    Who are the Tesco competitors in India?

    The Tesco competitors in India are Big Bazaar, Dmart, Reliance Fresh, Spencers Retail, Hypercity, Star Bazaar, etc. as they provide groceries at cheaper prices.

  • How to Become Corona Millionaire?

    The article is contributed by S Shriram, Former VP Marketing and Sales, Levista Coffee.

    I stayed home for 150 days straight from March 23, 2020, onwards, when the first one-day lockdown began followed by multiple lockdowns. It was the first time perhaps I stayed at home, ever since I joined LKG four decades back. During the five months, I was on WFH mode, a first for me in my retail career spanning 23 years before when I first scooped Ice-Cream at India’s second and Chennai’s first Baskin Robbins outlet in 1997.

    All these years, I had a strong belief that Sales and Marketing professionals can simply not work from home, especially for this long. I was made to revise my thought process all these months even as we sold one more cup of coffee (or more) every hour, every day from April 2020 onwards until now. While thousands of people worldwide have been displaced or retrenched from their jobs, many have chosen alternate professions and have fared well, perhaps better than their previous jobs or businesses.

    Our friendly neighbourhood grocer is one such example. Many others too, but what’s striking is the resilience with which these entrepreneurs have risen to the occasion and have not only served customers but also made money, well.

    During Unlock 1.0, the Union Government laid down restrictions on shop opening times and the Kirana Shopkeepers took the opportunity on their head, something that established Modern Trade Retailers, as well as the cash-rich Online Retailers, couldn’t live up to. The Kirana opened her / his shop by 6 am every day rain or shine, served customers with glee until 11 am (and later up to 2 pm, followed by 6 pm and eventually till 8 pm) and in the meanwhile, managed their staff and family, store inventory, daily cash flows, spread positive word of mouth in the local community and experimented with the digital media – from sending WhatsApp Posters to taking orders through the same medium as well as instant home-delivery, especially for the comfort of the Elderly, sick patients and the physically challenged.

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    Coffee and Tea Vendors, on the other hand, saw this as a great opportunity. Those who ran petty shops ventured early in the day and served those who were working on the roads and streets while the more smart ones offered to sell add-ons to their customers as well as cater to those who were in the line of duty such as Conservancy workers, the Police Force and others.

    All this time, while a section of people was complaining of job losses, another set of people started their Entrepreneurial journeys and the most fancied product category this time was health and hygiene. From liquid soaps to sanitisers, floor cleaners to disinfectants, there was a sudden rush in this category, especially and there was no stopping for their efforts as this market is about to explode sooner than later.

    While FMCG giants like ITC, HUL among others launched revolutionary products in this segment, what took me by surprise was that the secondary, unorganized and unbranded market grew and expanded beyond seams.

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    Those who have never tried the concept of washing hands before a meal were washing hands (and all exposed parts to sun and air) multiple times every day. Similarly, the “Mask Movement” has gained unparalleled popularity and opportunity. I have seen so many roadside vendors who were earlier selling various products now focusing on this segment.

    Coming to Coffee, we at Levista have appointed dozens of new Distributors during H1 FY 20-21 and all this is because we have seen a huge surge of coffee consumption at home. With a high prevalence of WFH or rather SAH – “Stay At Home”, it is but natural to witness consumers drink more hot beverages. And in the process, we have seen many of our partners double or treble business during this period. I reckon that we have just begun. The making of “Corona Millionaires” has only started now and we shall see results over the years.

  • How To Become A Jio Mart Retailer In India

    Jio has become a prominent market in today’s India. It is growing up on a daily basis and are trying to explore different ventures. Well, it is the best time to become a part of such an outgrowing organization.

    RIL (Reliance India Limited) has come up with a new venture and have entered the e-commerce world with JioMart. It can create a buzz in the e-commerce market and can become helpful for small vendors and businessman.

    JioMart retailer can be a good option as it is creating a prominent competition in this field too. Ruling over the telecom sector now Jio has become a trusted brand and with these new ventures they are trying to create an ecosystem for the customers which will make the customers life much easier.

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    How to Join Jio Mart?
    What Exactly Is Jio Mart?
    Jio Mart Serving Cities
    Who Can Apply For Jio Mart
    How To Become A Jio Mart Retailer
    Required Documents
    Benefits of Jio Mart Retailing
    FAQs

    How to Join Jio Mart?

    With the introduction of Reliance  JioMart, every grocery shop owner want to collaborate with them. And this is obvious how come one won’t be desired of becoming a partner with a billionaire firm. But in order to do there are some company standards like adequate finance, sufficient infrastructure and so on , which need to be followed if someone wants to collaborate with them.

    So, if you are meeting with all those required standards Jio Mart can be joined through Partnercentral Jioconnect. You just need to visit partnercentral.jioconnect and to intimate them just by clicking on “I’m Interested” and fill the required columns.  

    What Exactly Is Jio Mart?

    Jio mart has come up with a different approach to sell the products of the retailers which are close to our houses. Giving a great amount of competition to Amazon and Flipkart.

    Amazon and Flipkart have been delivering either their own product or from different sellers which are not so close to our location due to which it takes a lot of time to reach our homes. Well, Jio Mart have decided that it will help all the MSME’s and local shops by making them a Jio Mart Retailer and they can provide delivery services in lesser amount of time.

    metro cities are the first to benefit from this feature
    Jio Mart has been launched on 24th May 2020

    Jio Mart has just entered into the ecommerce market and can become a game changer here. Well, while all the small businesses going down because of this pandemic, with the help of Facebook, RIL has come forward to help them stand on their feets again.

    Jio Mart stated that, “Our focus will be India’s 60 million micro, small and medium businesses, 120 million farmers, 30 million small merchants and millions of small and medium enterprises in the informal sector,”. This statement was given when they had the deal with Facebook few months ago, Facebook getting nearly 10 percent of share of Reliance Jio.

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    Jio Mart Serving Cities

    It started with the cities of Maharashtra namely Thane, Kalyan and Navi Mumbai and started to expand in the metro cities where it is easily accessible and necessary at this time of covid pandemic and providing the essential services.

    Now, Jio Mart serves in around 200 cities in India. Customers can check the serviceability of their area by selecting pin code while placing the order.

    Who Can Apply For Jio Mart

    JioMart has launched itself in the market to compete with companies like Flipkart Fresh, Grofers, BigBasket and Amazon Pantry. They are targetting the grocery sector first as according to the present situation customer is only aiming for basic requirements which are needed for the daily processes.

    So, JioMart have started it by getting in contact with the local vendors, Kirana stores, Dairy stores and those who basically are providing groceries on a daily basis.

    People who are in the distribution business are eligible for JioMart and can easily become a retailer.

    How To Become A Jio Mart Retailer

    https://partnercentral.jioconnect.com/home#howtobecomeapartnersection
    Jio Mart Retailer Can be easily accessed by retailers and can get benefits

    By few simple and easy steps you can become a Jio Mart retailer.

    • Log into partnercentral.jioconnect website link through your web browser. (There will be many different fake links but try to log into the original one.)
    • Then click on to the retailer bar and go on to click on I Am Interested.
    • Then fill up your necessary details on the page that will open up.
    • After filling up the necessary details, you can click on submit and you have created your Jio Mart Retailer account.

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    Required Documents

    An Indian Citizenship, Proof of address is required and a trusted shop certificate is also required. Here are some of the necessary documents required:

    • PAN Card
    • Aadhar Card
    • Shop GST Certificate
    • Passport size photographs
    • Address Proof details

    These proofs would be enough for the documentation process.

    Benefits of Jio Mart Retailing

    Local stores can get access to lots of benefits after getting connected with the Jio Mart and can grow up their business by following ways:

    • They will get increased numbers of orders as people will prefer buying from them as compared to the sellers who provide from far off places.
    • They can reach to a large extent of customer base and can help them expand in due course of time
    • Providing the product at what the customer wants will help make them gain more trust and sell more.

    FAQs

    Who is the owner of Jio Mart?

    Mukesh Ambani is the owner of Jio Mart.

    How to become a Jio Mart retailer?

    To be a Reliance Jio Mart Retailer, go to
    partnercentral.jioconnect > Retailer > Become A Retailer > I am Interested > My Details > Submit.

    Your Jio Mart Retailer account will be created. You will need, PAN Card
    Aadhar Card, Shop GST Certificate, Passport size photographs, and Address Proof details for verification purpose.

    Can I sell my product on JioMart?

    Shopkeepers can register their shops on JioMart website and App to list their products with prices and offers.

  • What is Pink Tax? – The Unbelievable Economy We Live In [Case Study]

    In a world where we want to believe we are marching towards gender equality, we many times have come across several disparities and unfair impediments that one gender encounters. Uh, no, that gender is certainly not the men. It has been implied that women, being inflicted with slangs of a weaker gender, and to go as far and call it the reproductive machine.

    Not long ago when I was a teenager, I came across the gender bias in my own household. Yes, gender disparity starts at home. Many of these disparities have been engraved upon us as little kids. But the sad reality is that as grown ups, independent adults, women still take this burden and are barely aware of it. Women have come a long way from fighting for an education to getting a degree and having a paid job.

    Women are executives, managing directors and CEOs. But little do we know that women, who are now making their own money are being extorted under the name of Pink Tax,  just because, we’re women? Well it’s not exactly a tax per se. It’s just another disparity women deal with.

    The Pink Tax
    The Period Tax
    Why do Women Pay the Pink Tax
    How can we Stop Falling for the Pink tax
    FAQ

    The Pink Tax

    There are navy, blue and black colored packaging for products traditionally marketed for men. Meanwhile it is hard to miss the pink, lilac, purple packaging for roughly the same products traditionally intended for women. Razors, face wash, Shampoos, deodorants etc. are essentials used by both the genders. So what are freighting about? One subtlety that we seem to ignore is the price tag.

    The products commonly used by men and women are differentiated based on an age-old PINK and Blue basis but its interesting (and disappointing) to see that these products, although being identical, are not priced equally. Women  products are charged higher than men products. This disparity, or the upcharge that women pay on essential products, is called the PINK TAX.

    In a study called Cradle to Crane, published by the Department of Consumer Affairs, New York, after studying 800 products across genders and their variations, it was found that women paid 7% additional costs on essentials compared to costs paid by men on similar products. This price difference grows higher to 13% when it comes to items of personal care.

    When observed, this price gap is evident in all the shopping categories such as 8% more on women’s clothing, 7% more for toys and accessories, 4% more for children’s clothing and other things that are intentionally marketed for women. Retailers have gone as far as pricing medicines differently just by changing the color of the packaging to pink and adding words like soft and gentle.

    Not just products, but salon services too, offer different prices for the same services. When enquired about the same, most salon owners have given ridiculous explanations such as women have longer hair, difference in salon training or simply “this is how it is”.

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    The Period Tax

    We have to talk about the tax levied on sanitary napkins and menstruation products when we talk about the pink tax. Menstruation is a natural phenomenon and products related to it have been categorized as luxury items. In the wake of GST introduction in India, the tax on sanitary pads was 12%, that’s more than any other essential item.

    In a report published by the NGO Dasra called ‘Spot on!’, it was found that nearly 23 million girls drop out of schools every year because of lack of access to hygienic menstruation facilities, including sanitary napkins.

    Only 12% women have access to Sanitary napkins in India
     Only 12% women have access to Sanitary napkins in India

    Even after an uproar by activists to cut down taxes on essentials such as sanitary napkins, things have remained the same. In an interview with the Indian express, Mrs. Funnybones aka Twinkle Khanna stressed on the importance of sanitary pads being tax free. “For some strange reason India has 12 per cent GST on sanitary pads. Which is shocking.

    Apparently, there are no taxes on brooms. I think they feel that women should keep their houses clean but it’s not as important to keep themselves clean.”, the writer said. She also pointed out that the lawmakers are 65 year old men who haven’t experienced menstruation and have absolutely no clue why sanitary pads should be tax free.

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    Why do Women Pay the Pink Tax

    Marketing geniuses believe that men are more rational buyers and women are more gullible and emotional when it comes to shopping. According to them, women don’t mind paying a little extra money for roughly the same products.

    Retailers have found a way to make things look exclusive for women by, well making them Pink. There is actually no difference, more or less, in the products marketed for both the genders.

    Pink tax
    Pink tax

    The vast disparity could also be seen when it comes to weddings. The amount of money that goes into the making of a bride, (wedding apparel, jewelry) is far more than what goes into making a groom.

    The retail market is hyper-segmented and wants to make profits at all costs. It is not entirely their fault since women are ready to pay these extra costs. Most of the active female shoppers are not even aware that they are paying more than their counterparts.

    How can we Stop Falling for the Pink tax

    One might say so what if women pay a little more for the fancy products they use? To those asking, the difference between a man and woman spending on clothes, cosmetics, footwear etc. amounts to $1300 dollars annually. That is a significant amount for any woman who is working hard to earn money.

    If we want to overcome this price gap, here is what we can do

    • Refrain from retailers who levy extra costs
    • Go for an alternative version if the difference is not huge
    • Support companies who are into gender neutral pricing

    FAQ

    Is the Pink Tax Ethical?

    No, Pink tax is not ethical because it is unfair.

    What does the Pink Tax include?

    Pink tax includes the extra amount of money women pay for specific products or services.

    How long has Pink Tax been around?

    Pink tax has been around for decades.

    Conclusion

    The pink tax levied on women makes it worse for them as they are already being paid less than men. Women are still battling the gender pay gap on all fronts. It is a fact that not all women are aware that they are being compelled to pay more. The pink tax hasn’t been a rage amongst working women as they are oblivious to its existence.

    This disparity has to be addressed and resolved because women are working as hard as men but spending way more than them. This imbalance will entail women being the weaker gender all along, which is not just unfair, but unacceptable.