Internet access has become the armor to tackle many constraints at the moment. Covid-19 has constantly increased the necessity of online services throughout the world. The possibilities of the digital revolution are infinite. A new invention is introduced to the world every day. Similarly, our immediate needs become out of reach as reaching out to different places becomes impossible.
Grocery selling platforms like Cornershop have become the means to shop for groceries to survive these times. Besides, the newer generation prefers online shopping to traditional shopping due to its ease. Working professionals constantly do have to find time to reach out to stores due to time schedules. The shopping model is expanding at large due to the constant demand for such services.
App like Cornershop services market is expected to grow tremendously due to digitalization taking over the world. Foreseeing this, in 2015, the three founders belonging to Chile and Mexico began starting an online grocery store through a software application. The application was lauded for being strategic and responsive to new trends in the market and for having efficient retail operations.
In 2020, 2 billion+ people relied on online retail for goods and services. E-sales in the same year crossed USD 4.2 trillion dollars in the US alone. Till 2027, the CAGR of the online grocery market is forecasted to increase at 24.8% in the country.
Cornershop- A brief about its history
An online grocery service providing app was founded in chile in 2015 by three entrepreneurs. Initially, the target locations were Chile and Mexico. The founders picked Chile over other places as most of the founders were its natives. To scale up their business further, the founders expanded the business to Mexico City due to its vastness and high potency of gaining reach. Cornershop targeted the online sector where there was less competition in the initial stage. Later online grocery shopping spread the business throughout Latin and North America. In 2020, uber acquired a majority of the business for an undisclosed amount. The approval was given by Chile’s antitrust regulator, who first denied the plea by Walmart to Cornershop for $225 million. The stake initially did not include Cornershop Mexico, which continued to function. Later, the Mexican antitrust regulator approved the acquisition at the end of 2020.
Significant Highlights of the Cornershop app-
Cornershop started with a capital of USD 300,000 in 2015
Cornershop’s services elevated by 50% from 2016-2018
As their business idea implemented and targeted was new, it was a massive success amidst a big crowd
Cornershop raised seed capital from Series A funding from an investment fund for $6.7 million for further operations
The company entered into Series B funding and raised $21.7 million that allowed them to bring in Accel partners, a silicon valley investment funds in 2017
Finally, the on-demand grocery raised $31.7 million from various investors, including Jackson square ventures
In 2019, Walmart tried to acquire Cornershop for $225 million, but the Mexican antitrust officials declined their request
At the beginning stage, in 2015, Cornershop had 100 shoppers in Chile, and the number soared to 3000 by 2018
Their maximum delivery time is reported to be 90 minutes
Canada’s fastest delivery service
Cornershop has been credited with the title “Fastest delivery service in Canada for February 2021”. The orders are delivered within 90 minutes of the order. There is a delivery fee and service fee apart from the former.
How does Cornershop work?
The customer or the user using an app like Cornershop chooses the supermarket and adds the items to their shopping list. As the order gets placed, a shopper gets a notification through the shopper’s app, an app specially made for the deliverers of goods. The shopper picks up the goods from the stores and delivers them to the customer.
Are You Facing Any Issues In Launching Cornershop Clone App?
Cornershop’s clone app is an online shopping software designed to build a comprehensive grocery delivery service throughout any region. Our online grocery demand solution is built with the features of the original Cornershop App and our innovative technology to provide a rich experience while using the app.
Appdupe’s Development process of Cornershop clone
Appdupe develops an app like Cornershop by the guidelines provided by the government. We target your business goals and highlight them on the app’s features, ensuring your reach towards your estimated vision without any transition. We observe the market strategies, focus on the business aims, and teach the data we collect around. In addition to necessary components, from basic to advanced, we give importance to intricate details in the development of all the applications.
The door to new customizations and ideas is always open and will be instilled in the app as per the implementation of ideas while checking for a smooth bug-free user experience; The functioning of the app is tested till there are no technical errors. Cornershop Clone is apt for remarketing, rebranding, or reselling as it’s white-labeled, giving the buyer the authority to utilize the app accordingly.
Why choose Appdupe’s Cornershop Clone App?
Our team of developers employ their technical expertise and strategies, taking the market conditions and their demands into the development of the apps, and offer any services needed such as technical solutions, customer support, and guidance post-distribution of the app.
E-Grocery stores are expected to boom in the next few years. The market for online grocery shopping was $18 million in 2018 and is expected to surge to $30.4 million in 2022 in the US alone. In India, by 2024, the expansion is depicted to be $18 billion. The world economy is experiencing a constant increase in revenue due to the online grocery markets. Covid has increased the demand for the need of an app like Cornershop. Speaking from the psychological point of view, humans adapt to certain habits for their means of convenience. Hence the adaptation of online grocery shopping will continue for an extended period.
Revenue models of online grocery shopping can be through monthly or yearly subscriptions, commissions from the grocery stores, delivery charges, service charges, advertising, processing fees. Running offers and offering rewards to members will retain customers and provide more value. Entrepreneurs should take advantage of this business and move forward to create their own to expand their business profits with time and trends and target opportunities.
At AppDupe, we know that our customers are Entrepreneurs and keeping them succeeding is what will make us stronger. So, we promise you, Life Time Updates free of charge. Yes, we know that Apple and Google keep coming out with new versions of their mobile OS's and other companies we clone from also keep updating their features and UX to stay up-to-date. We will take care of that for you, leaving you to do what you do best, Win!
Is this legal?
PicMix and PicYou are almost exact clones of Instagram. MyCityDeal and Wimdu are clones of Groupon and AirBnB respectively. The only thing companies can patent is methodology for achieving an action or leading to an end point. If you can figure out another way to do that, without infringing on other's IP, you totally can. We could, so we did.
Disclaimer: Appdupe neither represents nor have any control over the trademarks of ‘Uber’ and ‘Gojek’. We use the terms ‘Uber’ and ‘Gojek’ for a better understanding of our services. Our offerings intend no harm to any organization or individual.