Tag "Grofers"
Festivities hit Zomato at 80% premium; Deepinder Goyal shares a heartfelt note
What started as an idea after a bad pizza delivery, has turned into a blockbuster listing debut. Zomato made a stellar debut on the Indian Stock Market after it opened at a 53% premium on the day of its listing.
Zomato eyes grocery market with Grofers’ part-acquisition, confirms company
Zomato will soon launch a grocery section on its app, the company said on July 8. It confirmed its $100 million investment in SoftBank-backed online grocery firm Grofers while announcing its IPO. The conversation for a possible partnership has occurred
Zomato is looking to buy e-grocer Grofers in an all stock deal
In February, Uber sold its online food delivery program Uber Eats to Zomato. The SoftBank Vision Fund was a major stakeholder in both. After the big acquisition, Zomato is now looking to acquire e-grocery start-up Grofers. Entracker, in an exclusive
Grofers looks to bolster supply chain with new funds
Online grocery startup, Grofers has raised Rs 400 crore in a fresh funding round led by SoftBank. The company says that the new funds will be utilised to build more private labels and improve supply chain. Tiger Global, the New York-based
Amazon sets its eyes on food retail in India with a proposed investment of $500mn
Indian government has approved Amazon’s proposed $500 million investment in India’s food retail segment, according to PTI report. It is a separate investment from the $5 billion which it had already committed to invest in India. Citing a government official, the news agency
Amazon to foray into India’s online grocery segment
To further push India’s thriving online grocery selling domain, the global e-commerce giant, Amazon has applied for a wholly-owned food venture to the government of India that will allow the platform to stock locally produced food items and sell them
BigBasket & Grofers reportedly exploring a merger
Online grocery marketplaces BigBasket and Grofers India Pvt. Ltd are holding discussion for a possible merger, according to a news report by the Times of India. Apparently, the discussions are in the preliminary stages only and if the deal goes
Grofers moves over from app-only model, launches website to boost user base
Gurgaon-based online grocery delivery startup, Grofers has decided to extend its services from app to browser which means that Grofers is no longer an app-only service. Users can now log on to grofers.com and get household items delivered to their
Grofers laying off 10 pc work force, revokes job offers
Grofers, a grocery delivery startup will lay off 10 percent of its workforce or around 100 employees. The SoftBank and Tiger Global Management funded start-up cited tough market conditions and revision in growth projection as the reasons for the layoffs.
Govt allows 100pc FDI in grocery startups like Bigbasket & Grofers
Giving a much-needed boost to retailers and grocery startups such as Bigbasket and Grofers, the government has allowed 100 percent FDI in food retail, including through e-commerce, provided such items are produced, processed or manufactured in the country. This new
