Cred Purchases HIPBAR, Liquor Delivery And Purchase App
HIPBAR, an alcohol purchase and delivery business located in Chennai, has been purchased by Cred. The action is in response to the fintech unicorn's intentions to enter the wallet payments sector by acquiring HipBar's prepaid payment-instrument (PPI) license. Cred intends to use HipBar's PPI to create a layer of payment wallets for its platform. PPI license permits businesses to run payment systems like digital wallets and pre-paid vouchers, … read-more
Tags: CRED, Liquor, Delivery, application, HIPBAR
Courtesy: The Times Of India
Flipkart Partners with HipBar For Alcohol Delivery
Flipkart has made an arrangement with Giageo-backed HipBar, an alcohol home delivery mobile app, to deliver alcohol in two states, according to sources. Reportedly, it will allow customers to order alcohol from the latter's mobile app. Amazon is also considering a similar strategy as Swiggy and Zomato have already been distributing liquor in some cities. Alcohol market in India is worth $27.2 billion, as per IWSR Drinks Market Analysis.
Tags: Flipkart, HIPBAR, ALCOHOL DELIVERY, IWSR, Amazon