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GROFERS INDIA PVT LTD
Govt may land $1 billion in taxes from PhonePe’s India shift, new raiseThis is due a long-term capital gains tax payout that will be made to the government as PhonePe is raising fresh capital from investors at ...- Zomato targets breakeven by Q2 FY24, lowers investment guidance to $320 millionIn an analyst call, Goyal said Zomato was already positive on cash flow with its adjusted EBITDA losses at Rs 150 crore and other income wa...
- Zomato and Blinkit likely to merge in share-swap dealWhile the contours of the deal are being finalised, it is expected that shareholders of Zomato would get 10 Blinkit shares for each held in...
- 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...
- 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...
- Zomato makes it official, no respite for TwitterIn today's ETtech Top 5 newsletter: All the details of Zomato's IPO; Twitter aims to file its first monthly transparency report under India...
- Brands step up online discounts on smartphones, groceries, apparelCompanies seek to liquidate pent-up inventories, lift sentiment ahead of festive season
- Mother Dairy to start direct deliveries under Safal; to follow hyper-local delivery modelMother Dairy expects to start direct deliveries of vegetables and fruits through its Safal retail franchise, beginning with Delhi-NCR by th...
- Amazon becomes first foreign ecommerce firm to enter food retail venture in India“Amazon is now a vendor on Amazon.in and is currently operating in Pune,” said a person familiar with the development. The products are sol...
- Amazon readying to sell locally made food from MarchThe unit can sell only locally produced and packaged food products and will directly compete with Grofers and BigBasket in the online segme...
- Government asks Amazon to keep food business and marketplace separateGlobal bigwigs like Wal-Mart Stores and others had cold-shouldered the new segment, arguing that selling only thin-margined food items didn...
- Amazon's food retail plan may get government nod in JulyAmazon will be the first big company to enter the food retail segment after the sector was opened up to foreign entities last year.
- Department of Industrial Policy and Promotion okays Amazon's food retail planAmazon had sought approval to invest Rs 3,500 crore in India over five years to sell third-party and its own private-label food articles, s...
- Amazon told to keep food items separate from othersAmazon had sought approval to invest Rs 3,500 crore in India over five years to sell third-party and its own private-label food articles, s...
- Amazon, Grofers, Big Basket seek FDI nod for food retailingThe government had last year allowed 100% foreign direct investment (FDI) for trading, including through e-commerce, in respect of food pro...
- 'Leaf' gets a fresh lease of life after George Soros and Anders Povlsen invest in itIndia is the world’s second largest producer of fruit and vegetables after China, according to statistics compiled by the National Horticul...
- 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...
- AskmeGrocery to launch market places for perishable grocery and medicinesWhile AskmeFresh will be competing with the likes of Amazon-Now, BigBasket and PepperTap, Askme-Meds will compete with startups such as Plu...
- 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...
- Fruit and vegetables seller Lawrencedale scales up back-end ops for speedy deliveryFruit and vegetables seller has set aside Rs 2 crore for this restructuring and is adopting a hub-and-spoke model in Bengaluru, Chennai and...
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