The incident took place in January 2020 when a Mumbai woman, identified as Kalpana Shah, was charged for a packet of watermelon seeds ordered from Grofers that went undelivered to her.
Recalling his visit to the Ernst & Young office, Ashneer Grover claimed he found that there was complete silence there. “I took one round of the office, pretended that I had chest pain and left.”
The two questions that need clear answers are: whether quick commerce is a structural change or passing fad, and where Blinkit fits in Zomato’s business plan
In March this year, Zomato had extended a lifeline to cash-strapped Blinkit through a loan of $150 million
Ashneer Grover, celebrating his 40th birthday today, announced that he is ready to get back into the world of business with plans to build another unicorn.
The e-commerce startup, which was billed to take on giants like Amazon and Flipkart when it launched, said that it is going to relaunch its app after building the requisite tech infrastructure
Grofers rebranded itself to Blinkit last year and raised $100 million from Zomato in a round which gave the company a unicorn status.
The development happens at a time when Blinkit has laid off employees, shuttered dark stores, and delayed some vendor payments, amid intense competition in the quick commerce space.
Zomato is also setting up a non banking financial company which will offer short term credit to the delivery partners and restaurants.
The announcement comes soon after the company decided to pull the plug in areas it wasn't able to deliver groceries in 10 minutes.
"While we understand 15 minute or 20-minute service would be better than no service, our systems and infrastructure are built solely with 10 minutes (or less) in mind," CEO Albinder Dhindsa said in a blog
Online grocery delivery firm Fraazo last raised $50 million from WestBridge Capital, Sixth Sense Ventures, Equanimity Investments and Apar Group, among others.
Experts say the rebranding reflects the company's latest pivot to 10-minute delivery, but lacks punch and dynamism required in a q-commerce brand.
The rebranding seems to suggest that Grofers will deliver products with the blink of an eye.
Swiggy's move to commit a huge investment to Instamart comes at a time when there is heightened competition in the so-called quick commerce space in India- where startups are promising delivery of essentials in under an hour.
'What is different about Grofers is that we not only solve for 10 minutes but because of our knowledge about what customers need.'
Ahead of its $2 billion IPO, Ola is set to wade into the hyper-local and ultra-competitive grocery delivery space once again. Having burnt its fingers in the past, will it be second time lucky for the ride hailing platform? Moneycontrol examines what’s at stake.
Online grocery delivery service Grofers, founded in December 2013, plans to involve members of the local community in expanding its product offerings to mobile phones.
Saurabh Kumar believes that the e-commerce sector will continue to reshape and see more disruption as the current ecosystem cannot keep up with customer expectations.
Kumar has launched his new venture called Warpli, a full fledged online marketplace which will compete with incumbents such as Amazon and Flipkart in the hyper competitive market.
The listed start-up has an obligation to its investors to communicate transparently on the exit of a senior executive and the shutdown of multiple businesses
From 30 minutes to 15 minutes to even 10 minutes - the likes of Swiggy, Dunzo and Grofers are pushing limits when it comes to delivering groceries at your doorstep. But what toll does hyperlocal delivery take on its workers? Do you really need your groceries delivered in 15 minutes? Is this a sustainable business model? These are some of the questions we will be discussing with an ace panel comprising Aditi Surie, Sociologist, IIHS Kabeer Biswas, CEO, Dunzo TN Hari, Head- HR, BigBasket Abhishek Bansal, CEO, Shadowfax Don't miss this Moneycontrol Masterclass on Delivery Wars: 15-Minute Groceries, Anyone? On September 10th, at 6 pm
Last month, Grofers claimed it made 7,000, 15-minute deliveries in a single day.
Last month, Grofers claimed it made 7,000, 15-minute deliveries in a single day.
Founder Kabeer Biswas says Dunzo prefers to be empathetic towards its delivery partners and will continue with its 19-20 minute timeline