Grofers

Zomato Rating: Buy | Deal makes biz more defensible

While Blinkit is in a space of high growth, business model is yet to be proven; ‘Buy’ rating retained with…

June 28, 2022 00:30 IST

Zomato share price tanks 6% after Blinkit acquisition; brokerages bullish on the stock, see up to 63% rally

Zomato share price tanked 6% on Monday after the online food delivery platform announced that it has agreed to acquire…

June 27, 2022 12:13 IST

On Tuesday, Zomato announced an investment of $150 million into Blinkit in form of debt.

Quick delivery app Blinkit to merge with Zomato: Share swap deal may value Blinkit at $700-750 million

Blinkit’s merger move comes at a time when it has been struggling to raise funds, forcing it to lay off…

March 16, 2022 03:45 IST

Zomato to provide USD 150 mn loan to Grofers India, buy stake in Mukunda Foods

The company, which had last year invested USD 100 million (Rs 745 crore) for acquiring around 9 per cent stake…

March 15, 2022 20:50 IST

Around 18 unicorns to hit street with $11-12 billion IPOs in 2 years: BofA

The domestic startups have created around 60 unicorns, having USD 1 billion valuations or more, and 20 of them this…

August 31, 2021 21:22 IST

Zomato to re-enter online grocery delivery business on $100 million investment in Grofers

Zomato, an online food delivery platform, will soon launch an online grocery facility on its app.

July 8, 2021 14:33 IST

TATA moves ahead to acquire BigBasket, gets CCI nod; will compete with Amazon, RIL in e-grocery biz

Competition Commission of India (CCI) today gave the go-ahead for Tata Group’s proposal to acquire a majority stake in Alibaba-backed…

Updated: April 29, 2021 12:54 IST

Thanks to lockdown, Grofers revises IPO plans; looks to list a year before earlier targetted timeline

As Covid struck India around February and lockdown was enforced by the government across the country on March 25, the…

Updated: July 26, 2020 17:09 IST

After Uber Eats, Zomato may now acquire Grofers to compete with BigBasket, Amazon, Flipkart, others

SoftBank is the common investor in Grofers and Uber while BigBasket and Zomato are backed by Alibaba and hence it…

Updated: April 14, 2020 16:49 IST

Grofers back in Delhi NCR after brief halt; BigBasket remains suspended in 16 out of 26 cities

Grofers services remained suspended in other cities including Bengaluru, Kolkata, Hyderabad, Mumbai etc. The company had closed operations on Wednesday…

Updated: March 25, 2020 20:25 IST

Amitabh Kant ensures Grofers, BigBasket zero inconvenience by government authorities

The nationwide lockdown announced by PM Modi on Tuesday for three weeks has caused confusion on the ground as delivery…

March 25, 2020 13:51 IST

Grofers moving to inventory model with fruits & veggies under pvt label ‘Freshbury’

Grofers, the food and grocery hyperlocal, is tweaking its business model to a partly inventory-led one, CFO Ashneer Grover told…

Updated: April 20, 2016 08:08 IST

Zomato pulls menu in four cities citing limited market size

In early signs that internet-based businesses aren’t easy to scale up in the food-tech space, unless the resources are endless,…

January 12, 2016 01:22 IST

Top 10 business news today: Grofers shuts shop in 9 cities, SpiceJet expands network, odd even rule increases Delhi Metro passengers by over 2 lakh, Microsoft to unveil ‘Surface’ tablet, more

Top 10 business news today: Grofers shuts shop in 9 cities, SpiceJet expands network, odd even rule increases Delhi Metro…

January 6, 2016 14:03 IST

As some start-ups falter, their employees gain

Start-ups are beginning to stumble as funds dry up and revenues remain elusive but their employees are able to get…

Updated: October 29, 2015 11:49 IST

How far is hyperlocal business model sustainable?

On-demand services based hyperlocals are in vogue, with investors and consumers both sitting up and taking note. But how far…

Updated: September 8, 2015 11:10 IST

Online grocery stores: Will customers continue to come once the freebies dry up?

Online grocery stores are riding primarily on discounts. Will the customers continue to come once the freebies dry up?

Updated: September 8, 2015 11:09 IST

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