FMCG giant ITC has discontinued its online store, 'ITC Store,' after nearly five years of operation, citing that the platform has served its purpose.
ITC is shifting towards a multi-platform digital distribution strategy, focusing on ecommerce, quick commerce, and modern trade, while strengthening its presence in general trade.
ITC's products are available on platforms like Amazon, Blinkit, and Instamart, with the company witnessing over 50% growth in ecommerce and quick commerce channels.
India's urban quick commerce space is witnessing significant growth, with competition intensifying among players like Zepto, Swiggy Instamart, and Zomato's Blinkit.