grofers

Retail Asia03/05/2022

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 round, valuing the Mumbai-headquartered startup at about $900 million, up from $570 million in […]

Retail Asia26/07/2019

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” outlets, providing training in point-of-sale, retention and loyalty schemes, among other areas. Plans are also […]

Retail Asia31/01/2019

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 space. Aligned with its aim to drive the next wave of growth for […]

Retail Asia03/01/2019

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 completed five years of its operations, has a revenue run rate of $360 million (about Rs 2,500 […]

Retail Asia28/08/2018

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 likes of Alibaba-funded BigBasket as well as e-commerce majors like Flipkart and Amazon, currently has […]

Retail Asia18/07/2018

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. “With this, Grofers’ private labels expands to 250 food and non-food products […]

Retail Asia16/11/2017

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 shares” of BigBasket parent Supermarket Grocery Supplies by Alibaba Singapore. Alibaba Group Holding and its Indian […]

Retail Asia10/02/2017

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 the segment. Amazon already has an eCommerce marketplace in India, but […]

Retail Asia09/10/2015

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 decided to shift headquarters to Singapore from India. A hyperlocal grocery […]

Tag: grofers

Indian grocery startup Zepto raises new funds at $900 million valuation

India’s Grofers to convert 200 partner stores into its own brand network

Grofers crosses Rs 300 cr sales in single month

Grofers eyes $2.5 billion in revenue by 2020

Grofers eyes over Rs 2,500 cr revenue in FY19

Grofers India to enter FMCG segment; targets Rs 2,500 crore revenue by FY19

Alibaba seeks approval to buy stake in India’s BigBasket

Amazon India proposes $500m food venture

Grofers shifts base to Singapore