Grofers

iPhone, PS5 fly off shelves: Blinkit's big ticket profitability play

The quick-commerce platform has been experimenting with category expansion ranging from standard fresh food and groceries to high-value retail categories

Blinkit shuts some Gurugram dark stores for good as delivery workers strike

Some 2,500 Blinkit executives have been on strike in Gurugram since April 12 after the company slashed fixed pay-outs per delivery

Zomato planning to set up 'Rest Points' for its delivery partners

Online food delivery platform Zomato on Thursday said it is building public infrastructure called 'Rest Points' to support the entire gig economy and delivery partners of various companies. In a blog post, the company's Founder and CEO Deepinder Goyal informed that it already has two 'Rest Points' operational in Gurgaon and plans to create more rest points in the most dense clusters of its food delivery business. Rest Points offer clean drinking water, phone-charging stations, access to washrooms, high-speed internet, a 247 helpdesk and first-aid support. Goyal, however, did not disclose the number or the location for setting up these Rest Points. "We recognise that delivery partners face multiple challenges while on the job, from navigating through traffic to delivering orders in inclement weather conditions. "In line with our commitment to their welfare, we are delighted to announce The Shelter Project under which we have started building public infrastructure (called Rest Poin

Blinkit looking to expand dark store count by 40% over next 12 months

Quick commerce player Blinkit is looking to expand its micro-fulfilment centres or dark stores, targeting up to 40 per cent increase in store count in the next 12 months, according to company CEO Albinder Dhindsa. The company, which was acquired by online food delivery firm Zomato last year, currently has over 400 dark stores that act as warehouses. "We have identified several new high potential neighbourhoods in existing as well as new cities. We should start seeing the net dark store number increase going forward," Dhindsa said in an earnings statement. He further said, "We are seeking opportunities for store openings in high potential areas based on the data our systems generate, the management bandwidth and time to supply creation." Dhindsa, however, said unlike the food delivery business, the growth in quick commerce business is dependent on various factors such as availability of product from the brand, seller ability and supply chain capacity. "Only when we feel confident t

Quick commerce: One lighter a day, Rs 9,500 tip; insight into Blinkit use

A resident of Jaipur generously tipped his delivery partner on Blinkit Rs 9,500, the highest of the year

Many won't use print-out at home service like offered by Blinkit: Report

Only 14 per cent of consumers in India would use 10-minute delivery platforms to get print-outs delivered at home, a report said

Zomato hits new life-time low on reports of merger talks with Blinkit

The board of Zomato also approved acquisition of 16.66 per cent equity in Mukunda Foods for a consideration of $5 million.

Top Headlines: Zomato, Blinkit merger talks; FRL may approach NCLT, DRT

Business Standard brings you the top headlines at this hour

Zomato to provide $150 mn loan to Grofers India, buy stake in Mukunda Foods

The board approved acquisition of 16.66 per cent take in food robotics and automation firm, Mukunda Foods Pvt Ltd

Blinkit to raise $100 mn next week as part of larger funding round

Delay in quick commerce company's fundraise due to choppy public markets

Cash-flows are healthy, don't need funding: Grofers' Albinder Dhindsa

In a Q&A, the CEO and Co-Founder of the firm that has rebranded itself as Blinkit, dwells on the need for rechristening and the company's strategy going ahead

Grofers rebrands itself as Blinkit with pivot to instant commerce

Zomato, in July, said it has invested $100 million (around Rs 745 crore) for acquiring a minority stake of over 9 per cent in Grofers

Grofers plans to open 150 more dark stores by December for quick commerce

E-commerce firm Grofers plans to open 150 dark stores by December, taking the total count to 350, for quick commerce to deliver orders in about 10 minutes, the company's co-founder said Wednesday. The company claims to have a 3 million monthly order run rate and growth of 3.5 times in the last two months while gaining one million quick commerce users. "At Grofers, we are all humbled by these stories every day, and it motivates us to do more for our country and communities. We have been able to roll out 200 stores in the last three months and are working hard with entrepreneurs like Hardik to roll out another 150 stores in the next 45 days," Grofers co-founder Albinder Dhindsa said in a blog. The company's spokesperson said that the average weekly retention in the segment is 50 per cent, which means half of the users come back next week itself to order again and consistently keep coming back. Grofers claims to have recorded a weekly ordering frequency of 4.5 orders for users who hav

Taking steps towards building more diverse organisation: Grofers

The company has over 2,000 employees

Grofers taking multiple steps towards building more inclusive org: CEO

Online grocery ordering platform Grofers said it is taking multiple steps towards building a more "inclusive and diverse" organisation

Zomato to stop grocery deliveries from Sep 17 due to poor order fulfillment

The company also said that it believes that its investment in Grofers will generate better outcomes for its shareholders than in-house grocery efforts

Competition Commission approves Zomato buying 9.3% stake in Grofers India

The Competition Commission has approved online food delivery platform Zomato's proposed purchase of 9.3 per cent stake in online grocery shopping player Grofers India

Grofers' 15-minute delivery pledge fraught with risks, say experts

Experts say delivery time frame on groceries purports to blow right past the logistics promises

Grofers enables 15-minute delivery for 7k households in Gurugram in one day

Grofers recently turned unicorn after it received $120 million funding from Zomato and others

IPO-bound Zomato says it'll launch grocery delivery on its app soon

Zomato will introduce a grocery section on its app and confirmed its investment in Grofers.