5th Floor, Parijat House,
Manjrekar Lane,
1076,
off Dr. E. Moses Road,
Worli Naka
Mumbai, Maharashtra
400 018
402, 4th Floor, MGF Mall, Near Select City Walk Mall,
Saket
New Delhi, Delhi
110017
302, 3rd Floor, Prestige Sigma, Vittal Mallya Grant Road
Bengaluru, Karnataka
560001
Hyperlocal utility services are expected to gain more traction and this can majorly be attributed to the growing disposable income, working population and to have comfort in the busy lifestyle which creates demand for the various utility and home services. The hyperlocal services adoption and accelerated growth in the e-commerce sector, has changed the paradigm as first-time e-commerce users increased during the lockdown and contactless delivery and digital payments became the norm. At present, there are 141 million hyperlocal commerce shoppers, and this number is expected to grow at a rate of 52% to reach 214 million by the end of 2022. When it comes to hyperlocal service usage by the customers, most of them have ordered food delivery, along with groceries and vegetables, followed by local logistics of items and packages, and ordering of services related to home. Most of the customers use hyperlocal apps, due to benefits like quick delivery, availability of unique products/services and easier returns.
Insights in the report are further broken down by:
Devchand House, 6th Floor,
Shivsagar Estate,
C Block, Dr. Annie Besant Road,
Worli
Mumbai, Maharashtra
400 018
2nd & 3rd Floor,
AIHP Horizon, 445 Udyog Vihar Phase V,
Sector 19,
Gurugram, Haryana
122008
1st Floor, Alyssa No 23,
Richmond Road, Richmond Town,
Bengaluru, Karnataka
560025
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