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Instant grocery startup Zepto has raised $200 million in a new financing round as it looks to expand its 10-minute delivery service to more cities in India and grow its network of dark stores. Existing backer Y Combinator Continuity led Zepto’s Series D…
Indian online grocer Grofers will convert around 200 service-partner stores into its own offline branded outlets. The move is intended to expand Grofers’ business without affecting online sales, and has already been put into effect in around 100 such “kirana”…
Grofers, the low price online supermarket, announced the record revenue of Rs 310 crore in January 2019. With this, Grofers became the first online grocer to cross Rs 300 crore in monthly sales and also became the largest e-grocery company in the fast growing…
SoftBank-backed Grofers aims to garner $2.5 billion (approximately Rs 17,500 crore) in revenue by 2020 as it scales up its private label offerings in the country and focusses on expanding repeat purchases in its platform. The company, which has recently…
Online grocery firm Grofers expects its revenue to cross Rs 2,500 crore this fiscal on the back of strong addition of new customers along with increasing cart sizes of existing users. According to a report, The SoftBank-backed company, which competes with the…
Grofers closed FY 18 with Rs 950 crore of sales and is targeting for a stronger growth trajectory in 2019, with a 50 percent contribution from its private brands. The company has launched seven new brands under two categories Budget and Popular G-Brands.…
Chinese internet giant Alibaba is seeking Competition Commission of India (CCI) approval to acquire a stake in online grocery startup BigBasket. Financial details have not been disclosed in the CCI filing, which relates to “the acquisition and purchase of…
Amazon India has applied to the government to invest US$500 million in a wholly owned venture that will allow the US eCommerce giant to stock locally produced food items and sell them online. If successful, it would become the first foreign retailer to enter…
PM Narendra Modi may have been the flag-bearer of `Make in India’, with his recent trip to the US being a highlight for `Digital India’. But another Indian startup has joined the growing list of new companies moving base out of India. Gurgaon-based Grofers…
