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Here’s why Zomato is reportedly cutting a $300 million cheque for Grofers

Zomato had recently announced its $1.1 billion initial public offering plan, in which it had men…

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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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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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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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Softbank-backed Grofers aims to go for an IPO by 2021, CEO says path to profitability accelerated during lockdown

Grofers co-founder and CEO Albinder Dhindsa told that the company started making operational profit…

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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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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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3 mins read

The grey market is losing interest in Metro Brands’ IPO, but the analysts are still gung ho ⁠— here’s what the data have to say

Today, December 13, is the second day to subscribe to marquee investor Rakesh Jhunjhunwala-backed M…

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1 min read

Flipkart IPO may reportedly happen overseas in November 2022

Walmart-owned ecommerce giant Flipkart will go for an initial public offering (IPO) in November or …

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2 mins read

Today is the last day to subscribe to Metro Brands’ IPO — issue subscribed 50%

The initial public offering (IPO) of Rakesh Jhunjhunwala-backed Metro Brands has been subscribed 50…

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3 mins read

RateGain’s IPO allotment status would be announced today — GMP at ₹37

The allotment status of Rategain’s initial public offering (IPO) is likely to be announced today, D…

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Pine Labs reportedly joins the long list of Indian tech startups heading for an IPO

The report said that the company is aiming for a valuation of $5 billion. In December 2020, the …

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The sequence of events leading up to the exit of Gaurav Gupta from Zomato

Zomato’s initial public offering (IPO) was the watershed moment of the Indian startup ecosystem, pa…

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Mobikwik gets a new co-founder – the startup is getting IPO ready for 2022

Indian digital payments platform Mobikwik has elevated its Senior Vice President of Payments Chanda…

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India is trying to create its own Nasdaq as whole host of startups get ready for IPO

With the Innovators Growth Platform (IGP), India’s stock market regulator Securities and Exchange B…

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2 mins read

Flipkart is reportedly looking to list in US via a blank cheque firm

SPAC companies are generally formed as “blank cheque” firms with the specific purpose to raise…

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Swiggy gets a $1.25 billion cheque from Softbank for the same reason Zomato went for an IPO

Swiggy has raised $1.25 billion in a funding round led by SoftBank Vision Fund II and Prosus, a wee…

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1 min read

Grofers loss widens to Rs 448 cr in FY19, co says on track to double GMV to Rs 5k cr in FY20

When contacted, Grofers CEO and co-founder Albinder Dhindsa said, "Grofers GMV (gross merchandise …

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Heading for an IPO, Mobikwik reports a profit in its payment gateway business

Mobikwik, one of India’s leading digital payments companies, has claimed that its payment gateways …