Page 5 - Online Grocery

Gofers 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

10-minute grocery delivery app Zepto comes out of stealth, raises $60 mn

Zepto was founded by two 19-year-old Stanford dropouts and includes investors like Glade Brook, Nexus, Lachy Groom, Y Combinator and Global Founders Capital

Meesho charts disruptive strategy, to deliver free in non-tier 1 towns

The move is expected to challenge the big players in the sector which include Jio Mart, Tata's Big Basket, Amazon, Grofers, and others

TMS, Ep 26: Vax milestone, Q&A with Meesho CEO, RIL results, & open source

What does the milestone of 1 billion Covid vaccine shots mean for the economy? How will Meesho disrupt the grocery market? Will RIL spring a surprise in Q2 earnings? Get all the answers here

Swiggy plans entry into community commerce with Swiggy Bazaar: Sources

Firm plans to leverage group buying model, puts out job postings on LinkedIn and Getwork for the upcoming vertical

Swiggy eyes category larger than food delivery; to change Supr's structure

Swiggy's foray into grocery delivery started with the acquisition of Supr Daily in 2018

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

Online retail store Gobbly raises Rs 7.2 crore in angel funding round

The company said it would use the funding to strengthen its position as one of the fastest-growing retail tech startups in India

Fire at online grocery store BigBasket's warehouse in Pune; no casualty

A fire broke out at a warehouse of the online grocery platform BigBasket in Maharashtra's Pune district, gutting the property, but there was no report of any casualty, fire brigade officials said

Zomato to shut down pilot grocery delivery service on Sept 17

Cites gaps in order fulfilment and the traction 15-minute grocery delivery has been getting in the recent past

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

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

'Not plug and play': Amazon, Flipkart struggle to meet EV goal in India

Delivery giants find there aren't many models available that can be deployed at scale, and what supply there is can't keep up with demand.

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

Stellar Value Chain to invest Rs 200 cr in e-grocery supply chain in FY22

Stellar Value Chain plans to invest Rs 200 crore for setting up 25 fulfilment and sort centres pan-India to boost its e-grocery supply chain offerings this fiscal

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.

Consumer protection rules: Decoding the impact on e-commerce firms, buyers

The proposed rules have created quite a stir among companies, with some anticipating a change in their business structure if these are implemented

Grofers co-founder Saurabh Kumar exits co, will continue as board member

The development comes at a time when the SoftBank-backed company is looking at launching an initial public offering (IPO).

Saurabh Kumar steps down as Grofers co-founder, stays on company board

Cites personal ambitions for decision, says he wants to wander again

E-grocery space to grow 59% CAGR to Rs 1.31 tn by 2024: Motilal Oswal

Covid-19 led lockdown has helped e-grocers