Top 10 Multi-Vendor Marketplaces in 2021
With online ordering or shopping culture rapidly growing in recent decades, the trend towards providing shoppers with a fast shopping experience is gradually going forward.
Today, consumers won’t waste time looking for a single item on ten websites.
People these days want consolidated data, which allows them to make decisions rapidly whilst saving both time and effort.
Multi-vendor eCommerce marketplace is the solution to this changing climate. These are the key to eCommerce marketers searching for ways to strengthen and drive their store to the next level.
But what is a Multi-vendor marketplace you must ask?
Meaning Of A Multi-Vendor Marketplace
As the name implies, a multi-vendor market or store is a platform for third-party vendors to sell in one location, together.
Simply put, it is a large store with different small shops operated by individual suppliers. And it could be related to anything – eCommerce, food, grocery. You name it, you could sell it.
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Top 10 Multi Vendor Marketplaces In 2021
In this article, we are going to discuss the top 10 Multi-vendor marketplaces, across different industry verticals such as eCommerce, Food Delivery & Grocery Delivery!
eCommerce Multi Vendor Marketplaces
Amazon was founded in 1994, and started out as an online bookstore that later diversified into items such as media, electronics, clothing, meals, food, toys and gems. Amazon is now an undeniable global leader in e-commerce with the highest revenue and revenues in the world, growing into a wide variety of countries, including the UK.
Now with the takeover of the Whole Foods Market and in publishing, electronics, cloud, video-streaming and many other firms, it is also developing into a brick-and-mortar retail.
eBay was founded in 1998 and is another leader in e-commerce, a big start in the global e-commerce race. eBay has remained true to its original intent and for over 20 years has been the world’s oldest and largest online marketplace, the first of its kind in the world, providing customers with an online forum for almost every thought.
Today’s eBay is dominated by auction, direct brands or checked sellers with free shipping to many products, including appliances, vehicles, clothing, pick-up material and more.
Etsy was born in the United States and has a niche focus on the selling of handmade or antique items and exclusive factory posts. The eCommerce website of Etsy provides individuals and businesses with the possibility to sell a wide variety of goods, from art to clothes and accessories, food, bathrooms, beauty products, toys and many other unique pieces.
Etsy was founded in 2006 and, despite its niche specialism, it is the 19th largest marketplace in the world. Fashion is the largest of the categories users are searching for on the website.
Food Delivery Multi Vendor Marketplaces
Zomato was founded in 2008 under the name ‘Foodiebay’ as an online restaurant search site. The business extended its services by including command and delivery in the world’s top cities. In almost 25 countries around the world, including India, Australia and the U.S., Zomato is now open.
The Zomato food supply app provides its users with a list of the best restaurants. The restaurant not only has the best options, it also acts as a social network for foodies like Twitter or Facebook.
In more than 1000 major cities worldwide UberEats is active in different countries. The app offers consumers the opportunity to select their favourite food from nearby restaurants and provides customers with food as easily as possible.
They share some common features such as cashless transactions and estimated delivery time. UberEats and Uber are separate applications. If you trust Uber to drive you safely around town, you may be trusting them to provide you with good food. Ando, a delivery menu that operates from a variety of Manhattan industrial kitchens, was recently acquired by UberEats.
FoodPanda is a very common, 41 countries operational online food ordering app. The business is based in Berlin, Germany and began operations in 2012. In order to provide on-time delivery, the organization has banded together with approximately 40,000 local restaurants.
The explanation for FoodPanda’s success is the vast database of restaurants from different towns and the availability of deals and discounts. Credit, debit and cash payment methods are approved by the application.
Swiggy is Bengaluru, India’s most popular mobile app. Swiggy has been ranked No. 1 online food delivery service and is now available in almost all cities around the country with nearly 1,500,000 downloads in the PlayStore.
Swiggy conceived an idea to bring big-time urban foodies from restaurants. The food app lets consumers order their favourite food from their favourite restaurants by finding the location of the user so that the food supplier can supply them as soon as possible.
Grocery Delivery Multi Vendor Marketplaces
As for North America, Instacart is one of the market leaders in the online food industry. It accounts for 85% of the United States and almost 65% of Canada. Instacart has ties to food giants such as WholeFoods, Costco, Safeway and more than 300,000 products via them. Instacart has collaborated and raised six investment rounds with more than 25000 shops. At the end of 2019, the company had been projected to be $8 billion.
In comparison to most food supplies, Postmates provide more than just foodstuffs. It helps people to buy and deliver everything in the city within an hour. It is also a common application in the supply of food from famous cafés and restaurants. The business charges a small delivery fee that depends on the distance the deliverer has travelled. Postmates are better served by their delivery service 24 hours a day.
Big Basket is one of India’s leading food suppliers. Because of their success, they perform better than their rivals Grofers, Basket Nature, Reliance New, etc. Their goods are more than 18,000, their brands sell fruits, vegetables, rice, pulses, drinks, spices, meat, personal care and many other products. They have superb customer service that is popular around the world.