Grofers starts grocery sales with Rs 50 cr support to local partners

By: |
August 8, 2020 6:45 PM

The company aims to sell 9 crore items produced by its partners including 5.5 crore items that are produced locally, Grofers said in a statement.

"The company was already working with 200 MSMEs, and has on boarded 600 new MSMEs as part of this initiative ahead of its GOBD 4.0 sale," the statement said.“The company was already working with 200 MSMEs, and has on boarded 600 new MSMEs as part of this initiative ahead of its GOBD 4.0 sale,” the statement said.

Softbank-backed online grocery seller Grofers on Saturday announced a nine-day sales scheme and Rs 50 crore working capital and advance payments support for partners manufacturing products locally.

The company aims to sell 9 crore items produced by its partners including 5.5 crore items that are produced locally, Grofers said in a statement.

“Our aim, with the latest edition of GOBD is to help our small scale manufacturing partners, MSMEs to come back on track so that we can together continue serving customers across India,” Grofers CEO and co-founder Albinder Dhindsa said.

The company has partnered with 800 micro small and medium enterprises for the GOBD (Grand Orange Bag Days) that started on Saturday.

“The company was already working with 200 MSMEs, and has on boarded 600 new MSMEs as part of this initiative ahead of its GOBD 4.0 sale,” the statement said.

The brand, under its proprietary initiative Brandfarm works with small and local businesses.

“In addition to this, we have ramped-up production capabilities by hiring additional workforce and taking up new facilities to ensure a smooth customer experience. Customers can expect maximum savings through the lowest prices and exciting offers, and can have a safe delivery of products to their doorstep,” Dhindsa said.

The company has ramped-up its warehouse capacities by adding three new facilities to its network and has hired additional 2,000 warehouse staff to meet heightened demand, the statement said.

“The company has deployed more than Rs 50 crore as working capital support and advance payments to support its small manufacturing partners in a single month. The e-grocer over the nine days aims to sell 2.5 crore items and 5.5 crore items manufactured by its partners and Make in India products respectively,” the statement said.

The sale is live in over 27 cities that include Delhi, Gurgaon, Noida, Jaipur, Lucknow, Mumbai, Pune, Hyderabad, Bengaluru, Kolkata, Meerut and Bhiwadi.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Govt proposes allowing cos with not less than 300 workers to fire staff without its nod
2MTNL working on monetising certain assets in Mumbai
3Amazon, Samara Capital push Rs 275 cr into supermarket chain MORE’s parent as retail space heats up