With focus on quick e-commerce, Grofers rebrands to BlinkIt

Since past few months online grocery delivery startup Grofers has been promising to revolutionize India’s e-commerce space by delivering grocery products to consumer’s doorsteps in flat 10 minutes. As ambitious as this sounds, Grofers’ CEO Albinder Dhindsa claims that his company can pull it off this seemingly audacious challenge. Now Dhindsa has decided to…

ByGirish ShettiDecember 13, 20210Comments

News

After buying stake in Grofers, Zomato exits Grocery Delivery Biz

Image Source: Youtube.com Publicly listed foodtech major Zomato has announced that it is unceremoniously exiting the grocery delivery business. This is the second time in two years that the Gurgaon-based company will be scrapping its grocery delivery biz as it failed to surmount any viable challenge to the incumbents. Zomato has officially cited the ‘inability to…

ByGirish ShettiSeptember 12, 20210Comments

Tech news

Elon Musk is sending Dogecoin’s Value to the ‘Moon’ – Top Trending News

Here are the top trending news from the world of technology 1 Elon Musk is sending Dogecoin’s Value to the ‘Moon’ Elon Musk is not yet done with his recent infatuation with Dogecoin, which at best can be described as meme based cryptocurrency. After sending Dogecoin’s valuation to northwards with his recent tweets, Musk…

ByGirish ShettiMay 10, 20210Comments

Funding News

Grofers seeking to raise $60 Mn amid Consolidation in Online Grocery Biz

Gurugram based online grocery startup Grofers is seeking to raise fresh funding of worth $60 Mn from its existing investors. Economic Times has reported that Grofers’ largest stake holder SoftBank, which owns more than 40% stake, is planning to invest $30 Mn. Logo of online grocery startup Grofers The remaining $30 Mn will be pumped by other existing…

ByGirish ShettiNovember 13, 20200Comments

News

Grofers CTO Jacob Singh has put down his papers

Grofers’ CTO Jacob Singh has resigned after completing three year stint in the company. This news was first reported by news portal Entrackr. Jacob has himself confirmed the news to Techpluto. Grofers' CTO Jacob Singh has resigned after three year stint. Replying to Techpluto’s query, Jacob said “Yes. I have resigned from Grofers. We…

ByGirish ShettiJune 9, 20200Comments

News

Paytm Mall in talks to pick up stake in Grofers and Milkbasket

Paytm Mall, the e-commerce arm of Paytm, is planning to shore up its grocery business by trying to pick up stakes in two startups that boost strong presence in the grocery segment. These startups are SoftBank backed Grofers and Unilever & Innoven Capital funded Milkbasket. According to sources privy with the matter, SoftBank (a common investor…

ByGirish ShettiMay 29, 20200Comments

News

Buoyed by Lockdown demand, Grofers in talks to raise fresh fund

The nationwide clampdown may have stalled the Indian economy but it is having a reversal effect on grocery e-tailers. Virtually every online grocery company is reporting a surge in their demand and deliveries as people clamor hard to collect daily essentials. Encouraged by this skyrocketing demand, Grofers is now in talks to raise fresh tranche of…

ByGirish ShettiMay 3, 20200Comments

Acquisitions

After UberEats, Zomato may Acquire Grofers

India’s consumer internet space may be heading for a big consolidation, with sources claiming that Zomato may acquire online grocery platform Grofers in a all-stock deal. If this high profile deal fructifies then this will be Zomato’s second big acquisition following the buyout of UberEats earlier this year. Image Source: Youtube.com Softbank backed Grofers, which of late…

ByGirish ShettiApril 14, 20200Comments

Funding News

Grofers raises $10 Mn from Abu Dhabi Capital Group in Fresh Round

Gurgaon based online grocery startup Grofers has received $10 Mn from Abu Dhabi Capital Group (ADCG), according to latest regulatory filings sourced by Paper.vc. The latest capital infusion is part of the ongoing funding round that helped Grofers raise $200 Mn from Softbank & South Korean investment firm KTB in May. Online grocery startup Grofers secures…

ByGirish ShettiJuly 16, 20190Comments

Funding News

SoftBank’s 200 Mn Funding Propels Grofers to Unicorn Club

Online grocery major Grofers has successfully raised $200 Mn in series F funding round from SoftBank Vision fund. Existing investors Tiger Global and Sequoia Capital as well as new investor KTB also took part in the funding round. The round has catapulted Gurugram based company to the coveted unicorn club and has now become part…

ByGirish ShettiMay 15, 20190Comments

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