Finger in too many pies? Market doesn't reward confusing narrative, they say
In less than a year, 'Dunzo Daily' is growing at a rate of more than 100 per cent month on month and is expected to fulfill more than 200,000 orders per day by June 2022
Meesho Superstore currently provides 500 products across categories like fresh fruits, vegetables, groceries, home care, and packaged food.
The company expects to complete the integration of the grocery business by the first week of May and will rebrand it from Farmiso to Meesho Superstore.
Business Standard brings you the top headlines at this hour
Online food-delivery platform Zomato is set to take over Blinkit -- which pioneered the 10-minute grocery delivery as Grofers. And it's a win-win deal for both. Find out more about the proposed merger
Sources say what is under discussion is a share-swap deal in which Blinkit would be valued at around $750-800 million
The company has launched its third grocery fulfilment centre in Amta in West Bengal's Howrah district to meet the growing demand in the eastern region
The board approved acquisition of 16.66 per cent take in food robotics and automation firm, Mukunda Foods Pvt Ltd
Quick commerce is becoming the next major segment in terms of category growth
As quick grocery delivery under 10-15 minutes time period becomes new growth arena globally, India's quick commerce market is set to witness 15 times growth by 2025, with market size of nearly $5.5 bn
According to the survey, one in 10 households buying groceries online is placing over 10 orders a month via quick commerce apps
The udan-owned firm is benefitting immensely by riding on the massive Kirana stores, supply chain and logistics network and sourcing capabilities of udaan
Plans mass expansion with 100 new powered by FreshToHome stores
The expansion of BigBasket's coverage is also taking place in the form of Fresho stores, the physical retail outlets established by the company
Competition is already intense in India's $600-billion grocery retailing industry, populated by the likes of Amazon, Walmart's Flipkart and Indian billionaire Mukesh Ambani's Reliance
Jumbotail will use the funds to triple its engineering, product, design, data science, category management, marketing, and finance teams
How social commerce firms are democratising e-retail by tapping community group buyers from tier-2 and smaller towns across India
Swiggy Instamart is currently doing more than 1 million orders per week and will start 15-minute deliveries in top cities by January 2022
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