Bizaka is a Business Center and Academy which mainly promotes decentralized business ventures. Currently, it operates a ‘Food and Groceries Delivery App’ called Webbazar. It sells daily essential products, mainly Groceries, Fruits & Vegetables, Fish & Meat and Food to its customers through its own cloud stores. At the same time it undertakes the responsibility of delivering the ordered products at customer doorsteps.

In 2021, the number of annual online shoppers was about 185 million across India. This was a significant increase as compared to the previous year. The annual number of shoppers is likely to increase to 425 million in 2027. Similarly, the Online Food Delivery market in India is projected to reach a revenue of $ 43.78 billion in 2024. On similar lines, the Indian grocery delivery business was valued at $ 2.9 billion in 2020 and is expected to expand at a compound annual growth rate of 37.1 percent from 2021 to 2028.

The dominant factors that influence consumer behaviour on purchasing online food and daily essentials via delivery services were household monthly income, convenience, time saver, trustworthiness, various choices, attitude, and intention.

There are several delivery apps available in India to door ship groceries and food such as Zepto, Blinkit, DunZo, BigBasket, Swiggy, Zomato etc. Undoubtedly, they are following the traditional way to serve the customers. But, Webbazar from Tamil Nadu comes out with a new technology, blockchain and a new currency Zaka Coins to solve various challenges the industry is facing for a long time.

Zaka Coins

Zaka Coins does a dual role in this venture:

• Medium of exchange
• Staking investment

Zaka rises the Webbazar as a global business by having its potential of dominate the limitless territory of internet as a medium of exchange.

The investment needed to establish every cloud store would be raised through selling Zaka Coins.