Grofers

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

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

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

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

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

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

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

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

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

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