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Articles for Grofers

Swiggy vs Zomato: Which food delivery stock should you buy for long-term? Here’s a 5-point analysis
1 month, 1 week ago

Swiggy vs Zomato: Which food delivery stock should you buy for long-term? Here’s a 5-point analysis

Live Mint  

Swiggy vs Zomato: After a decent initial public offering, Softbank-backed food delivery giant Swiggy delivered a powerful stock market debut, beating analysts' estimates. Zomato has established itself as the leading player in India's food delivery industry, capturing a market share of 56 per cent-57 per cent in online food orders in FY24. Here are the five key indicators to compare …

Food India Market Delivery Food Delivery Market Share Price
Zomato to acquire Blinkit for ₹4,447 crore in all-stock deal
2 years, 5 months ago

Zomato to acquire Blinkit for ₹4,447 crore in all-stock deal

Live Mint  

Food delivery platform Zomato has agreed to acquire instant grocery startup Blinkit for ₹4,447 crore in an all-stock deal, as it seeks to exploit a fast-growing market for quick grocery delivery. Japan’s SoftBank, the biggest shareholder in Blinkit with a 46% stake, will get around 3.2% stake in Zomato as part of the transaction, as per VCCircle estimates. Other investors …

Business Quick Commerce Deal Zomato Quick Shares Blinkit
Ola launches 10-minute grocery delivery in Mumbai and Bangalore, hits 1,000 orders a day
3 years ago

Ola launches 10-minute grocery delivery in Mumbai and Bangalore, hits 1,000 orders a day

Firstpost  

More 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 …

Delivery Ola Grocery Grofers
It's Raining Unicorns in India: 30 Startups that Entered $1-Billion Club in 2021
3 years, 2 months ago

It's Raining Unicorns in India: 30 Startups that Entered $1-Billion Club in 2021

News 18  

It’s raining unicorns in India this year. India has added three ‘unicorns’ per month in 2021 to nearly double the overall number of startups valued at over $1 billion to 51 as of end-August, as per a report by the Hurun India. Here is the list of other Indian startups that marked their spots in the unicorn club this year …

India Bengaluru Delhi Mumbai Startup Startups Unicorns
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
‘We are feeling liberated’: Zomato CEO Deepinder Goyal
3 years, 4 months ago

‘We are feeling liberated’: Zomato CEO Deepinder Goyal

Live Mint  

Will India’s stock markets accept a loss-making company going public, and learn to value tech companies like private investors do? So that’s what we have been doing and we have been getting really good people, who don’t have baggage of the past, who think of themselves more than a role. We are like, let’s just get close to the company …

India Money Work Company Right Going Think
Zomato IPO: What the food tech says about growth, sustainability and competition
3 years, 5 months ago

Zomato IPO: What the food tech says about growth, sustainability and competition

Live Mint  

BENGALURU: The much-anticipated domestic public offer of food tech major, Zomato, is here, with the opening of the three-day share sale for retail investors on Wednesday. “Amazon has been in the food delivery space in India for a year now and we haven’t seen any impact on their or our market share. And we believe there is still a large …

Business Food India Space Market Delivery Food Delivery
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
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
How e-groceries have finally come of age
4 years, 1 month ago

How e-groceries have finally come of age

Live Mint  

In Indian e-commerce, the Diwali shopping sale is the most important period of the year, the equivalent of the Black Friday sale. “The Diwali sale used to be a nice-to-have event for us in previous years, but this year, we’re starting to see a surge in sales, and we are needing to prepare our partners, warehouses, delivery executives to make …

India Market Amazon Age Online Diwali Bigbasket