Is e-commerce losing relavance

Considering Edtech, Fintech, E-commerce is done

I'm talking about new startups, as a founder who's trying to build an ecommerce platform currently. I'm still very early, but it feels that the writing is on the wall. Flipkart, Myntra, Nykaa, Zomato, Swiggy etc. have all built great products and soon great businesses (I'm sure) But it does not make sense to me why we've barely seen anything new in the last 5 years. Even funding wise, if that is something one wants to look at. So many people have tried - none of the new ideas have worked. CAC is too high. Current platforms already solve problems. Retention is never there, people may try you out, but will move back to Amazon/Instamart. But this is not how things typically work. It's very clear that consumer spending is going to increase, online more so, at an even faster rate. I don't feel the current platforms solve everything, a better version can be built. SO, is it the founders of the current era that have failed to make a dent? Is it the fact that VCs have stopped paying attention to this space? Or is it that the current platforms indeed solve everything? Would love everybody's thoughts. And also if you have tried building/or have ideas on what potential next eCommerce platforms could loook like. Over and out.

https://www.google.com/amp/s/m.economictimes.com/tech/technology/flipkart-india-logs-9-revenue-growth-at-rs-55823-crore-losses-widen-by-42/amp_articleshow/104644333.cms

Ab ho gya na fundraise? What's the point of saying these things now. You are not listed. You have already raised close to $1bn. It's not like this is bringing new customers. What's the point of all this PR now? Why not focus on execution instead of saying things that will bite you in the ass in the future

What has startups done that has added value to a normal Indian's life? Other than a few. Obviously, apart from fellow tech bros.

https://economictimes.indiatimes.com/tech/technology/non-grocery-items-deliver-bright-growth-to-dark-stores/articleshow/109226337.cms

Now imagine, we did not have Zomato, Swiggy, Blinkit, Zepto, Dunzo (its pretty much there) What would your next bet be? Well 1. You have some of your local grocery stores who would deliver for you, but it might take a bit of time 1-2 hrs etc. and you need to build a relation, and only some stores do that 2. Restaurants need to have delivery available who if anyone remembers, it was a pain to coordinate, sometimes they dont do beyond 3 kms. You will have to go on your own. Which will also cost you money. Restaurant deliveries usually have a delivery fee, plus the cost of food. There is still a lot of coordination involved to get what you want. Brochures, phone number etc. 3. Having a full time person who will do all of these for you, Building tends to have someone who also delivers ( like a chotu or someone ) So lets take the cost of 3 for now if you needed full time 1. Monthly cost - ~ Rs. 10,000 - 15,000 if you needed full time 2. What are you spending on swiggy etc? 1. No of times you are ordering: lets say twice a day 1. 2 * 30 * 20 = Rs. 1200 2. Lets say total amount you are paying is 10000 in amount 3. Some folks might even argue that you restaurenters are charging 30% extra. ( lets say 30% on 10,000 ). 4. So lets factor in 3000 Rs more, so we have total sum, 4200 now. 5. Time saved = 20 * 15 minutes = 5 hrs a month So we saw three choices You can do things on your own 5 hrs of your own time ( which does not cover your cost to move around, so if anyone does not have a vehicle, they have to either walk more, or pay for auto etc ) Spending on convenience Rs. 4200 Spending if you had a chotu - Rs.10,000. This is debatable, you can argue, this person can also will end up cleaning and doing 3-4 other things. Some will also say restaurants mark to and sell. My request to you is, even with all the markup how much extra are you paying. And then compare to your alternatives before them. If someone has a better math or see any flaws in this. share input