Grocery

Grofers, BigBasket see orders soaring as coronavirus lockdown shuts malls in multiple cities

Online grocery platforms Grofers and BigBasket are witnessing up to two-fold growth in purchases as authorities in multiple cities close malls and shopping places to contain the coronavirus pandemic

Amazon expands Pantry to 110 Indian cities as it bets big on grocery category to drive growth in business

E-commerce major Amazon.in on Thursday said it has expanded its 'Pantry' service to over 110 cities in the country as it bets big on the grocery category to drive growth in business

Reliance Retail eyes consumer-focused retail businesses, plans to focus on last-mile delivery

While most retailers are trying to bank on an omnichannel strategy, Reliance Retail is working on a unique Offline to Online (O2O) model

BigBasket to invest $100 million to strengthen supply chain, will set up vending machines and distribution centres across cities

BigBasket had recently raised $150 million in funding, led by Mirae Asset-Naver Asia Growth Fund, CDC Group and Alibaba Group.

Softbank-backed Grofers narrows standalone losses to Rs 258.3 cr in FY18 from Rs 268.3 cr in March 2017

Grofers, which has already completed five years of operations, had a revenue run rate of over $360 million (about Rs 2,500 crore) around that time

Zomato acquires logistics company Runnr for an undisclosed sum to boost food delivery business

Runnr is already efficiently fulfilling 300 thousand orders a month, which is just a tad less than 10 per cent of Zomato's food ordering volumes.

Britain's Sainsbury's trials similar concept to Amazon's Prime Now

Sainsbury's, Britain's second largest supermarket group, is trialing a one hour home delivery service that is similar in concept to Amazon's 'Prime Now', it said on Friday.