Paytm Mall in talks for Grofers stake as SoftBank pushes for consolidation
Online retailer Paytm Mall has held talks with e-grocer Grofers for a potential investment, multiple people in the know told ET, adding that the ongoing discussions may even lead to a merger.
BigBasket, Grofers, others may clock $3 billion sales
India's online grocery market could top $3 billion in sales this year, a 76% increase o...
From Oyo to Zomato, startups soften pay cuts by expanding Esops pool
Companies may grant 12-15% of their overall stockholding to ESOPs to hel...
Being an omni-channel retailer helped us during the Covid-19 crisis: Nykaa's Falguni Nayar
We are seeing in beauty, international brands have been calling us throughout the lockdown period, and stating that they want to list as early as possible - Maybe by September onwards.
Grofers is in talks to raise $60-70 million
The funding comes at a time when the company’s sales and margins have doubled, compared to the same period last year.
BigBasket, Grofers, other e-grocery firms see rise in non-metro users
Grofers said it was able to retain 62% of users who came on board in March after the nationwide lockdown, adding it expects to retain around 50% of new users in the long term.
Zomato places an order for Grofers at $750 million valuation
Japanese conglomerate SoftBank Vision Fund, the largest shareholder in Grofers, may look to invest around $100-200 million in the merged entity, sources close to the matter said.
E-grocers like BigBasket, Grofers , others surge ahead on deliveries
Food-delivery apps Zomato and Swiggy, too, have doubled down on the grocery category since it began seeing an uptick in demand. While Swiggy was already present in the grocery delivery segment, Zomato tied up with Grofers to launch the services.
BigBasket and Grofers to hire 12,000 staff to meet demand surge
E-commerce companies have been facing a major manpower shortage, as migrant workers have returned to their native places, amid the virus outbreak.
Grofers put offline sales, beauty biz employees on furlough due to lockdown losses
A Grofers spokesperson told ET 70 team members of its ancillary business dealing with non-essential categories were affected.
Bigbasket, Grofers orders double as malls shut down
The development comes as authorities in major metros are urging people to stay at home, shutting down malls and restaurants, while companies are also announcing work-from-home for employees across the country to contain the spread of Covid-19.
Private Equity funds recorded investments worth $45 billion in 2019: Report
India’s share of the APAC deal market increased to nearly 25 percent in 2019 and investment value was about 70 percent higher than 2018. This year saw investment activity in companies such as Lenskart, Zilingo, Grofers and FirstCry.
Zomato smells opportunity in groceries, pings Grofers, BigBasket
This is a major step towards diversification and a move to keep demand high at a time when most businesses are registering a slowdown. Online food ordering has taken a hit in the past week with order numbers falling by as much as 20%.
Pandemic gives Swiggy, Grofers, Amazon's hyperlocal models a new lease of life
E-commerce companies and other delivery-based businesses are forging partnerships with physical stores to fulfil increased orders at a time when customers are buying essentials in large quantities.
Covid-19 impact: From BigBasket to Grofers, mounting orders and staff crunch stretch online grocers
Firms are operating at 60-70% capacity due to manpower shortage and supply constraints.
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