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India's M&A deal value surges 66% in 2024, bucks global trends of just 10% uptick in value

India is outpacing this trend with a 66% surge in M&A activity, as compared to a 5% decline noticed…

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After giving up on 90-minute delivery five years ago due to lack of profitability, Grofers is now chasing 10-minute delivery

Zomato-backed groceries delivery startup Grofers has decided to rebrand itself to Blinkit as it aim…

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1 min read

Grofers puts on a new name, Blinkit, to show how the focus of its business is changing

The rebranding comes months after the company launched an initiative to deliver groceries in 10 …

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Grofers becomes a unicorn after Zomato reportedly invests $120 million

Gurugram-based grocery delivery startup Grofers has reportedly entered the unicorn club, after rais…

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Grofers cofounder Saurabh Kumar exits, says he wants to ‘wander again’

Kumar, in a farewell email to employees at Grofers, wrote “I haven't known a life outside Grof…

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4 mins read

INTERVIEW: Grofers founder explains why he rushed to rebrand the startup and his plans seem ambitious

“We were doing it [rebranding and focusing on faster delivery] out of the mind that we either out-i…

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3 mins read

Zomato’s Blinkit buy is a poison pill that will burn cash and delay profits

Zomato today said that it will acquire Blinkit Commerce (formerly known as Grofers India) for a …

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Zomato founder Deepinder Goyal sells all his shares in Blinkit to Tiger Global

Zomato, however, will continue to be a shareholder in the online grocery delivery company. Th…

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SIMPLY PUT: This billion dollar business model was a Netflix joke in 2020

Now, less than 24 months since, more than a billion dollars have been invested in Indian …

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Two teenage Stanford dropouts have made their startup worth half a billion in 7 months

Quick grocery delivery app Zepto — founded by two 19 year old Stanford dropouts only seven months a…

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Grofers, BigBasket see orders flying as coronavirus lockdown shuts malls

New Delhi, Mar 16 () Online grocery platforms Grofers and BigBasket are witnessing up to two-fold g…

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6 mins read

Here’s why Grofers may allow an American 'blank cheque' firm to buy it out instead of fighting Ambani and BigBasket for IPO

India’s grocery market is estimated to be $600 billion and less than 5% of it is organised, accordi…

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4 mins read

As malls shut down, online grocery stores in India see a surge in demand

In India, a lot of online marketplaces like BigBasket, Future Group and Grofers are witnessing an i…

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Zomato denies rumours about Grofers acquisition deal amid surge is grocery orders

Flush with funds, Zomato has partnered Grofers for the delivery of essential items – along with …

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3 mins read

Online grocers are back in business in India with billions more to burn – and that may be good for consumers

There was a time when the online grocery vertical had become the hot favourite with major players…

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5 mins read

Mukesh Ambani is taking e-tail by storm⁠ — JioMart already has more daily active users than BigBasket and Grofers

The same report said that, JioMart has already crossed BigBasket and Grofers in terms of daily a…

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Online grocery may become a $10 billion industry by 2023 but even then only one in 100 Indians will be buying

The Indian online grocery segment is growing fast and how. Currently the online food and grocery re…

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Grofers says its delivery agents were arrested during Janata curfew, led to a delay of 60,000 orders

However, grocery delivery service Grofers faced major issues on the day. Its delivery agents wer…

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India's PE and M&A deal values in May 2019 dropped by 83% from last year

The election month did not go down well with investors. India witnessed 33 M&A transactio…

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Flipkart offers 90-minute delivery as competition from JioMart, Dunzo, BigBasket heats up

Charging a minimum delivery fee of ₹29, customers can choose 2-hour slots or get their orders wi…