Grofers breaks even in Delhi, Kolkata; other cities on course
The firm has scaled up the number of orders in Delhi and Kolkata. It draws in 45,000 orders in New Delhi at an average ticket price of Rs 1,350 and 11,000 orders a day in Kolkata, Grofers claimed.
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Evolving food habits make India complex to operate in: Sodexo
The $24.2 billion French company, with presence in over 80 countries, operates through two business models in India—on-site services or facility management and the consumer-facing coupons business. India contributes about 7-8% to Sodexo's global revenue.
Road, net shutdowns disrupt e-commerce
Among the many disruptions caused by multicity agitations against the citizenship Act is the effect on deliveries and orders of large e-commerce operators. While online food delivery business has suffered a hit of 25-30%, other online categories have seen a drop of 3-5%, said businesses.
Procter & Gamble India tests Ecomm waters
P&G is currently testing the beta version of the site and the products are sold and the supply chain managed by its Kolkata-based distributor BG Distributor. The website pgshop.in will go live in the next one month or so, said another person familiar with the development. P&G expects to use the learnings from the exercise the “distributor has undertaken.”
Startup investors writing more $100 million cheques this year
With the rush of capital and new types of investors coming in, venture capitalists said the time taken for startups to grow their business and rack up $100 million in funding has also shrunk over the past few years.
Grofers loss widens to Rs 448 cr in FY19, co says on track to double GMV to Rs 5k cr in FY20
Grofers, which competes with the likes of BigBasket as well as grocery verticals of e-commerce majors such as Flipkart and Amazon, saw its total income grow by over 56 per cent to Rs 83.62 crore in 2018-19 from Rs 53.47 crore in the previous financial year.
Inside Indian Ecommerce sector's favourite logistics hub: Bhiwandi
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Funding of cosmetics & beauty startups doubles to $108 million in ’19
Besides e-commerce, beauty is also seeing an increase in the number of homegrown skincare and cosmetic brands, latest among them being Grofers’ own Orange Something and Mahesh Bhupati-backed Scentials.
Bull run for private technology funding market coming to an end: Softbank's Deep Nishar
Nishar said the debacle at WeWork, which SoftBank bailed out with a $9.5 billion cash injection, was an extreme case of dissonance between private, and what would have been its public market valuation.
Grofers hires 5000 employees to cater to increasing demand
They will mostly be engaged in 15 new warehouses and help increasing its delivery staff strength.
Grofers to add 700 kirana stores onto network, eyes $1 bn revenue by year-end
The Kirana stores are converted into Grofers-branded stores label products that are usually priced 30-40 per cent less.
Amex adds 6 lakh new merchants since 2017
The growth across the country is driven by increased demand from tier-I and tier-II cities where American Express Card members want to spend, the premium credit card and payment platform company said in a release.
Grofers says on track to hit Rs 550 crore monthly GMV
Data shows that most of Grofers’ orders are coming from less-affluent neighbhourhoods across the country.
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