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Search results for grofers

PhysicsWallah hires former Blinkit CFO Amit Sachdeva as it readies for 2025 IPO
1 month, 3 weeks ago

PhysicsWallah hires former Blinkit CFO Amit Sachdeva as it readies for 2025 IPO

Live Mint  

PhysicsWallah, the Lightspeed-backed edtech unicorn, has appointed Amit Sachdeva as chief financial officer as it gears up for a public-market debut in 2025. Sachdeva, formerly Blinkit’s finance chief until its ₹4,000 crore acquisition by Zomato in 2022, brings a wealth of experience from the tech and consumer sectors to the fast-growing edtech firm. Most recently, Sachdeva served as CFO of …

Manoj Sachdeva Ipo Edtech Physicswallah
Quick commerce firms expanding ops beyond groceries, food delivery
7 months, 3 weeks ago

Quick commerce firms expanding ops beyond groceries, food delivery

New Indian Express  

NEW DELHI: The quick commerce segment is heating up as many firms are now entering quick delivery and looking beyond groceries and food delivery. Earlier this month, Swiggy Instamart started delivering movie merchandise, marking a new category in the quick commerce industry. When players such as Zepto and Blinkit pivoted the quick commerce segment, experts questioned the model, safety of …

Commerce Quick Commerce Quick Swiggy Instamart Groceries Food
Seeing ‘temporarily unavailable’ message on Blinkit? The reason could be…
1 year, 8 months ago

Seeing ‘temporarily unavailable’ message on Blinkit? The reason could be…

Hindustan Times  

Food delivery firm Zomato's grocery unit, Blinkit has become ‘temporarily unavailable’ after 50 of its stores were closed in different parts of Delhi-NCR. Formerly known as Grofers, Blinkit was acquired by food delivery app Zomato for ₹ 4,447 crore. According to the revised pay structure of Blinkit, its delivery executives would receive a minimum fee of ₹15 per delivery, instead …

Delivery Zomato Blinkit Unavailable Message
From the India Today archives (2020) | COVID-19: Life in the times of Corona
1 year, 9 months ago

From the India Today archives (2020) | COVID-19: Life in the times of Corona

India Today  

"If I keep washing my hands, China virus can be kept away." "The impact of COVID-19 on the Indian economy could be between 0.5 and 1 per cent for the first quarter of 2021", says Madan Sabnavis, chief economist with ratings agency Care Ratings. Never mind that the Reserve Bank of India had just two days before announced measures to …

India China Karnataka Delhi Mumbai Disease Quarantine
Zomato hopeful of turning profitable within one year
2 years, 4 months ago

Zomato hopeful of turning profitable within one year

Live Mint  

Zomato is likely to turn profitable within a year, the company’s management said at its first annual general meeting post-listing on Tuesday. Akshant Goyal, chief financial officer, Zomato told shareholders: “At the company level we should break even in six months to a year…without Blinkit which will take a bit longer,” Moneycontrol report said quoting Goyal. With the $1.6 billion …

Zomato
Fed up of printout hassles? This app will deliver printed docs in 11 minutes
2 years, 4 months ago

Fed up of printout hassles? This app will deliver printed docs in 11 minutes

Hindustan Times  

Online grocery app Blinkit has announced that it will now deliver printouts at your doorstep in just 11 minutes. Formerly known as Grofers, Blinkit was acquired by food delivery app Zomato for ₹ 4,447 crore. Jitesh Goel, product manager at Blinkit, wrote on LinkedIn, “We at Blinkit are giving printouts in minutes in a few areas now. Addressing this issue, …

Delivery App Goel Deliver Blinkit 11 Minutes Printout
Decoding Zomato’s Blinkit Acquisition To Take On The Big Boys In The Quick-Delivery Market
2 years, 6 months ago

Decoding Zomato’s Blinkit Acquisition To Take On The Big Boys In The Quick-Delivery Market

ABP News  

Mumbai: Zomato Ltd, an Indian food-delivery service, has agreed to buy local grocery-delivery start-up Blinkit for Rs 4,447 crore in an all-stock deal, as competition in the quick-delivery market heats up. Deepinder Goyal, founder, and chief executive of Zomato, believes that quick commerce has been the company’s strategic priority since last year when it first invested in Blinkit. Zomato’s capacity …

Business Food India Commerce Quick Commerce Zomato Quick
What does the merger with Blinkit mean for Zomato and its shareholders?
2 years, 9 months ago

What does the merger with Blinkit mean for Zomato and its shareholders?

Business Standard  

Less than a year after investing $100 million in Blinkit for a 9.3% stake, Zomato is reportedly in talks to merge with the online grocery company in an all-stock deal. Blinkit shareholders will get a 10% stake in Zomato A Business Standard report said that Blinkit would be valued at around $750-800 million dollars, which is much lower than the …

Business Food India Delivery Commerce Zomato Blinkit
TMS Ep132: Blinkit-Zomato merger, N Chandrasekaran, markets, deepfake
2 years, 9 months ago

TMS Ep132: Blinkit-Zomato merger, N Chandrasekaran, markets, deepfake

Business Standard  

Online food-delivery platform Zomato is set to take over Blinkit -- which had pioneered the 10-minute grocery delivery as Grofers. Last week, Natarajan Chandrasekaran was appointed its chairman, about a fortnight after former Turkish Airlines chairman Ilker Ayci declined to be CEO over a row on his political links. Even if the appointment of Chandrasekaran -- who is already heading …

Russia Zomato Blinkit Chandrasekaran
Zomato vs Swiggy: How Blinkit merger deal adds a new chapter in growing rivalry
2 years, 9 months ago

Zomato vs Swiggy: How Blinkit merger deal adds a new chapter in growing rivalry

India Today  

A new chapter has been added to the growing corporate rivalry between online food-delivery platforms Zomato and Swiggy. ZOMATO-BLINKIT DEAL Zomato said in a statement that it would loan as much as $150 million to Blinkit for the start-up's near-term capital needs. Earlier this year, Zomato said it would invest as much as $400 million in the Indian quick commerce …

India Market Million Ipo Merger Deal Delivery Service Zomato Blinkit
Zomato nears all-stock takeover for Blinkit
2 years, 9 months ago

Zomato nears all-stock takeover for Blinkit

Hindustan Times  

India’s online food delivery platform Zomato Ltd. is nearing an all-stock deal to take over instant grocery delivery service Blinkit, according to people familiar with the matter. Zomato The companies are at an advanced stage discussing the deal structure, said the people, who asked not to be identified as the information is private. The proposed takeover would come soon after …

India Zomato Blinkit
A short history of events that led to Ashneer Grover’s resignation from BharatPe
2 years, 10 months ago

A short history of events that led to Ashneer Grover’s resignation from BharatPe

The Hindu  

The story so far: Fintech company BharatPe on March 2 removed co-founder Ashneer Grover from all positions of the company, accusing his family of extensively misappropriating the company’s funds. BharatPe said that external advisors had reviewed the company’s internal controls, and Mr. Grover resigned shortly after he was informed that these findings will be presented to the company’s Board. Early …

Company Grover Bharatpe
Know How Blinkit Aims To Push 10-Minute Grocery Delivery Amid Competition
3 years ago

Know How Blinkit Aims To Push 10-Minute Grocery Delivery Amid Competition

ABP News  

Bengaluru: Betting on the 10-minute instant delivery of grocery, e-commerce company Grofers’ Founder and Chief Executive Officer Albinder Dhindsa announced rebranding of the platform as Blinkit on Monday. In a move to push its quick commerce offering across Indian cities, the company has partnered with local store owners and following a ‘dark store strategy’ dedicated towards online e-commerce deliveries. Blinkit …

Delivery Commerce Company Blinkit Dhindsa Grofers
Visa launches India’s first card-on-file tokenization service
3 years, 3 months ago

Visa launches India’s first card-on-file tokenization service

Live Mint  

Digital payments firm, Visa, has launched India’s card-on-file tokenization services in India, in line with the recently issued Reserve Bank of India guidelines. It further added that RBI’s new guidelines are expected to enhance consumer trust in e-commerce payments, ensure seamless transaction experience as well allow card issuers the comfort of authorizing a higher number of transactions. Ramachandran, group country …

India Payments Digital Payments Visa Payment Card Rbi
Zomato to Shut its Grocery Delivery Service this Week, Says 'Current Model is not Best'
3 years, 3 months ago

Zomato to Shut its Grocery Delivery Service this Week, Says 'Current Model is not Best'

News 18  

Zomato, the food delivery giant and restaurant aggregation platform, recently announced that it has stopped its grocery delivery services. Hence, we intend to stop our pilot grocery delivery service effective 17 September, 2021,” the email read, according to PTI. Zomato said that its investment in grocery start-up, Grofers, would generate better results than the efforts in its in-house grocery delivery …

Results Delivery Service Model Pti Zomato Email
Zomato to stop grocery delivery service from September 17
3 years, 3 months ago

Zomato to stop grocery delivery service from September 17

The Hindu  

Online food delivery platform Zomato has decided to stop its grocery delivery service from September 17 mainly on account of gaps in order fulfillment, leading to poor customer experience. Hence, we intend to stop our pilot grocery delivery service effective 17 September, 2021". Earlier Zoamto had said that it had invested USD 100 million for acquiring a minority stake in …

Zomato Grocery Delivery Grofers Delivery Platform Grocery Delivery Service Grocery Partners
Flight tickets to burgers to groceries: Discounts offered in India to those vaccinated
3 years, 6 months ago

Flight tickets to burgers to groceries: Discounts offered in India to those vaccinated

Live Mint  

Bengaluru: Discounts on items ranging from fast food to flights are being offered by Indian firms keen to lure people to get vaccinated against the coronavirus, as the economy re-opens gradually from weeks of lockdown. While businesses in the West make similar offers to dispel vaccine hesitancy, India is badly short of doses for its population of nearly 1.4 billion, …

India
From discounts to bigger savings: Businesses offer incentives to customers to get vaccinated
3 years, 6 months ago

From discounts to bigger savings: Businesses offer incentives to customers to get vaccinated

India TV News  

When India started its COVID-19 vaccination drive in January, not many would have imagined that a jab could not just protect them against the deadly disease but also get them a discount on their favourite food, ensure extra savings on groceries and even a higher rate of interest on bank deposits. "Vaccination is an important step in our country's fight …

India Month Covid Customers Offer Vaccine One Month
Grofers Says Lockdown Fears Ahead of PM Modi's Speech Yesterday Drove Huge Surge in User-Created Carts
3 years, 8 months ago

Grofers Says Lockdown Fears Ahead of PM Modi's Speech Yesterday Drove Huge Surge in User-Created Carts

News 18  

Grofers CEO and Co-Founder Albinder Dhindsa has announced that the delivery platform witnessed a massive surge in user created-carts hours before PM Narendra Modi’s address to the nation on Tuesday, April 20 at 8:45 PM. On the other hand, Delhi and Mumbai are under lockdown as the two cities’ health infrastructure are under immense pressure due to a surge in …

Delhi Speech Flipkart Announced Lockdown Grofers Dhindsa Albinder
Grofers CEO reveals over 6 lakh carts were waiting to check out in case lockdown was announced by PM Modi
3 years, 8 months ago

Grofers CEO reveals over 6 lakh carts were waiting to check out in case lockdown was announced by PM Modi

India Today  

Prime Minister Narendra Modi addressed the nation late on Tuesday amid the surge in Covid-19 cases. PM Modi, during his address, also appealed to the state government to impose lockdowns as a last resort, ending speculations about another nationwide lockdown to be announced during his address to the nation on Tuesday. Grofers CEO and Co-Founder Albinder Dhindsa tweeted during the …

Modi Pm Modi Nation Lockdown Dhindsa Grofers
Kashmiri Entrepreneur Comes up with 'Groxery', First Online Grocery App in the Valley
3 years, 9 months ago

Kashmiri Entrepreneur Comes up with 'Groxery', First Online Grocery App in the Valley

News 18  

The first online grocery store has just been launched in Kashmir with a 28-year-old local entrepreneur from the valley starting a home-grown delivery service called ‘Groxery – The Store Next Door’. Aadil, who worked in the marketing department of the online grocery delivery app ‘Grofers’, decided to start a similar service in Kashmir since the valley has no such service …

Kashmir App Valley Entrepreneur Aadil Groxery
SoftBank backed Grofers weighs listing via US SPAC deal: Report
3 years, 10 months ago

SoftBank backed Grofers weighs listing via US SPAC deal: Report

Live Mint  

Grofers, an Indian online grocer, is weighing a plan to go public in the US through a merger with a special purpose acquisition company, people familiar with the matter said. The SoftBank Vision Fund-backed company is working with an adviser, one of the people said, asking not to be named as the information is not public. James Murdoch and former …

Indian Softbank Backed Grofers
Urban Company is the best app-based platform to work with in India: report
4 years ago

Urban Company is the best app-based platform to work with in India: report

Live Mint  

Home services platform Urban Company is the best app-based platform to work with in India, according to a report published on Tuesday. In its second edition in India, the Fairwork India Rating 2020: Labour Standards in the Platform Economy report looked at 11 app-based platforms and ranked them based on the five parameters—pay, working condition, contracts, management and representation—to ascertain …

India Urban Work Workers Company Report Platform
Tomato prices surge to Rs 80-85/kg in Delhi
4 years, 3 months ago

Tomato prices surge to Rs 80-85/kg in Delhi

India TV News  

Retail prices of tomato surged to Rs 80-85 per kg in the national capital due to tight supply from growing areas on Saturday, according to private traders. Tomato prices have been firm since June and were ruling in the range of Rs 50-60 per kg depending on the variety till last few weeks. Mother Dairy's Safal vegetable outlets were selling …

Delhi Prices Pti Tomato Tomato Prices