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GROFERS INDIA
SoftBank snags Rs 2,873 crore from Lenskart stake sale, clocking 7x returnSVF II Lightbulb Cayman, a SoftBank affiliate, sold 5.65 crore shares, or 3.25%, in Lenskart for Rs 2,873 crore through a block deal on Wed...- SoftBank logs $600 million paper loss on India-listed portfolio in March quarterSoftBank's Indian investments faced a significant downturn in the January-March quarter. Several prominent companies like Swiggy and Ola El...
- Pocket FM elevates Lalit Gangwar as COO to lead global operationsIn his new role, Lalit Gangwar will lead the company’s audio vertical as it expands internationally and oversee business operations and mon...
- Buildit: Eternal CEO Albinder Dhindsa turns author, pens book on Blinkit’s journeyAlbinder Dhindsa, Eternal CEO and Blinkit cofounder, is launching his book Buildit, announced book publisher HarperCollins. The book, price...
- Zomato places an order for Grofers at $750 million valuationJapanese conglomerate SoftBank Vision Fund, the largest shareholder in Grofers, may look to invest around $100-200 million in the merged en...
- Zomato to give $150 million loan to BlinkitThe loan will be given to Grofers India Pvt Ltd (GIPL), Blinkit’s Indian entity, at an interest rate of 12% a year for a tenure of not more...
- Grofers rebrands as Blinkit to underscore quick commerce focusGrofers has rebranded as Blinkit to indicate its focus on the fast-growing quick commerce space in India. The company now claims to be proc...
- Grofers offers ten-minute online grocery delivery in 10 citiesGrofers' customers can now order more than 7,000 everyday essential items in Delhi, Gurugram, Mumbai, Bengaluru, Hyderabad, Kolkata, Jaipur...
- Competition Commission approves Zomato buying 9.3 pc stake in Grofers IndiaZomato, last month, said it has invested USD 100 million (around Rs 745 crore) for acquiring a minority stake in Grofers as the company loo...
- CCI approves Zomato’s $100-million investment in GrofersCompetition Commission of India has approved the “proposed acquisition by Zomato of approximately 9.3% stake in Grofers India and [Hands on...
- Grofers onboards 60 campus hires from premier institutions across IndiaThe company said it has hired delivery and warehouse staff from industries that have been deeply impacted by the crisis in the last few mon...
- E-grocers like BigBasket, Grofers , others surge ahead on deliveriesFood-delivery apps Zomato and Swiggy, too, have doubled down on the grocery category since it began seeing an uptick in demand. While Swigg...
- Grofers put offline sales, beauty biz employees on furlough due to lockdown lossesA Grofers spokesperson told ET 70 team members of its ancillary business dealing with non-essential categories were affected.
- Grofers narrows loss to ₹258 crore in FY18About two years ago, the company changed its business model to inventory-led from a hyperlocal delivery start-up.
- Grofers gets DIPP approval for online trading of food productsGrofers was the first company to seek in August last year approval under the new policy notified by the Department of Industrial Policy and...
- Grofers India seeks govt approval for FDI in food tradingThe government recently permitted 100% FDI under government approval for trading, including through e-commerce, in respect of food products...
- Grofers Chief Technology Officer Varun Khurana calls it quitsGrofers chief executive Albinder Dhindsa confirmed the move, but declined to share further details.
- After Rs 800 crore funding round led by SoftBank, Grofers now valued at Rs 2,664 croreGrofers’ latest fundraise, its third this year, marks an over three-fold increase in the company’s valuation in about four months.
- Groffr promoter Redstone Consultancy files case against Grofers for using similar sounding nameRedstone Consultancy filed a case against Grofers India Pvt Ltd for “passing off” and using a similar sounding name to confuse consumers in...
- Eyeing less taxing space, Online grocery delivery company Grofers shifts base to SingaporeThe restructuring at Grofers is expected to facilitate faster fund-raising as its institutional investors are based overseas.
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