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Ola launches 10-minute grocery delivery in Mumbai and Bangalore, hits 1,000 orders a day
FirstpostMore recently, Zomato, which entered the segment before its initial public offering, shut it within months although it has a strategic stake in Grofers IPO-bound Ola has taken the plunge into online grocery delivery once again with the launch of its services across Mumbai and Bangalore with almost 15 dark stores, according to sources privy to the development. Moneycontrol was the first to report that Ola has set aside a budget of Rs 250 crore for the grocery delivery business and would launch it in mid-November ahead of its $2 billion initial public offering. While Instamart delivers 150,000-1,60,000 orders on a daily basis, Grofers founder Albinder Dhindsa recently told Moneycontrol that Grofers was delivering 125,000 orders per day. Ola founder Bhavish Aggarwal is aggressively building an electric two-wheeler business via Ola Electric, the EV company in which the ride-hailing entity owns less than a 10 percent stake.
History of this topic
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