Grofers

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Grofers - Total results - 33
Govt rejects Flipkart's proposal for entering food retail sector, company says will re-apply
Business

Govt rejects Flipkart's proposal for entering food retail sector, company says will re-apply

The Department for Promotion of Industry and Internal Trade (DPIIT) has rejected Walmart-backed Flipkart’s proposal seeking approval for entry to the food retail sector citing a regulatory issue, an official said on Monday

E-commerce deliveries are safe, taking steps to protect customers, staff: Amazon India
Business

E-commerce deliveries are safe, taking steps to protect customers, staff: Amazon India

Amazon India is reaching out to customers to assure them that receiving deliveries through its platform is safe, and that it continues to take preventative hygiene measures across its sites

Coronavirus Outbreak: Grofers to hire 5,000 people over two weeks; will ramp up capacity to meet spike in orders
Business

Coronavirus Outbreak: Grofers to hire 5,000 people over two weeks; will ramp up capacity to meet spike in orders

Online grocery platform Grofers is looking at hiring 5,000 employees to ramp up its capacity to meet the spike in orders amid the nationwide lockdown

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

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

India has lost an estimated Rs 21,000 cr over five years because of internet shutdowns; that's Rs 2.45 cr down the drain per hour
News & Analysis

India has lost an estimated Rs 21,000 cr over five years because of internet shutdowns; that's Rs 2.45 cr down the drain per hour

The debate over Internet shutdown does not only extend to civil liberties. There is also an enormous economic cost to shutdowns.

Grofers loss widens to Rs 448 cr in FY19; firm says on track to double GMV to Rs 5k cr in FY20
Business

Grofers loss widens to Rs 448 cr in FY19; firm says on track to double GMV to Rs 5k cr in FY20

SoftBank-backed Grofers reported widening of its loss to Rs 448 crore in 2018-19 financial year, while its income rose by over 56 percent from the previous fiscal, according to regulatory documents filed by the company

Grofers hires 5000 employees in warehousing and front-end operations to cater increasing demand
Business

Grofers hires 5000 employees in warehousing and front-end operations to cater increasing demand

Online grocery retailer Grofers has hired 5000 employees in its warehousing and front-end operations to cater growing demand, a top official said on Wednesday

Bigbasket gets Rs 100 cr venture debt from Trifecta Capital, funds to be used for working capital, capex needs
Business

Bigbasket gets Rs 100 cr venture debt from Trifecta Capital, funds to be used for working capital, capex needs

Bigbasket, which has raised about $150 million from South Korea's Mirae Asset Management, UK's CDC Group, and existing investor Alibaba earlier this year, had taken venture debt from Trifecta Capital in 2017.

Flipkart aims to turn 40% of Ekart's last-mile delivery vehicle fleet to electric; plans to induct 160 e-vans by year-end
Business

Flipkart aims to turn 40% of Ekart's last-mile delivery vehicle fleet to electric; plans to induct 160 e-vans by year-end

Flipkart has already deployed eight e-vans in Hyderabad and 10 in New Delhi, and 30 e-bikes in Bengaluru, he said.

Delhi government announces project to deploy 1,000 electric vehicles to delivery fleets
auto

Delhi government announces project to deploy 1,000 electric vehicles to delivery fleets

The 1,000 odd electric vehicles will be deployed over the next 12 months for delivering online orders.

Online supermarket Grofers forays into packaged milk category, price to be 12% lower than competitors
Business

Online supermarket Grofers forays into packaged milk category, price to be 12% lower than competitors

Grofers expects a revenue of Rs 30 crore per annum from the packaged milk business, Grofer CEO Albinder Dhindsa said

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

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

Online grocery retailer Grofers raises over $200 mn led by SoftBank Vision Fund
Business

Online grocery retailer Grofers raises over $200 mn led by SoftBank Vision Fund

Online grocery retailer Grofers on Wednesday said it has raised over $200 million (over Rs 1,400 crore) in funding, led by SoftBank Vision Fund

Grofers to focus on doubling sales to Rs 5,000 crore by FY20, targets IPO within next three years
Business

Grofers to focus on doubling sales to Rs 5,000 crore by FY20, targets IPO within next three years

Grofers that was last valued at $600 million has moved out of hyper-local delivery model 3 years ago

SoftBank-backed online grocery delivery platform Grofers aims to garner $2.5 billion in revenue by 2020
Business

SoftBank-backed online grocery delivery platform Grofers aims to garner $2.5 billion in revenue by 2020

Grofers co-founder and CEO Albinder Dhindsa said Grofers has been witnessing over 30 percent month-on-month growth

Grofers eyes over Rs 2,500 cr revenue in FY19; says clocking 150 cr revenue per month
Business

Grofers eyes over Rs 2,500 cr revenue in FY19; says clocking 150 cr revenue per month

In March this year, Grofers had announced raising Rs 400 crore (around $62 million) in funding led by SoftBank, Tiger Global and Apoletto Asia.

Flipkart to expand e-grocery store 'Supermart' to five-six Indian cities by year-end
Business

Flipkart to expand e-grocery store 'Supermart' to five-six Indian cities by year-end

With Supermart, Flipkart takes head-on players like Alibaba-backed BigBasket and SoftBank-funded Grofers as well as rival Amazon India

Grofers to enter FMCG segment with revenue target of Rs 2,500 cr by FY19; aims to bring 100 million customers to its platform
Business

Grofers to enter FMCG segment with revenue target of Rs 2,500 cr by FY19; aims to bring 100 million customers to its platform

Grofers closed FY 18 with Rs 950 crore of sales and is targeting for a stronger growth trajectory in 2019, with a 50% contribution from its private brands

Food retail firms need to maintain separate books of accounts, inventories, says govt
Business

Food retail firms need to maintain separate books of accounts, inventories, says govt

Food retail firms having foreign investments will have to maintain separate books of accounts and inventories in warehouses, the government has clarified

China's Alibaba invests $146 million in Indian online grocery store BigBasket
News & Analysis

China's Alibaba invests $146 million in Indian online grocery store BigBasket

Alibaba's investment in BigBasket may rival SoftBank-backed rival Grofers and Amazon’s India unit.