New Delhi: While citizens across the country went into a panic mode with the government demonetising Rs 500 and Rs 1000 notes, various quick-thinking brands tried to encash the opportunity and rolled out offers luring people to use plastic money even as popular markets such as Khan Market and Con…
Tag: GROFERS
Start-up mantra: Network to succeed
Moving from London to Delhi to launch their start-up Cash-Karo.com — with virtually no contacts or network to speak of — wasn’t easy for Rohan and Swati Bhargava. From there, they’ve come a long way to receiving Series A funding from VC fund Kalaari Capital by 2015 end and having Ratan Tata come …
Start-ups will continue to disrupt business, say investors
The start-up culture, which has gathered pace in the country, will continue to disrupt traditional business models in a significant way, according to investors which have funded such activity. “Traditional businessmen understand business in their own way. That person will discount you in the firs…
Grofers makes a move towards retail trading
Grofers has filed an application with the department of industrial policy & promotion, seeking “approval to undertake trading, including through e-commerce in food products manufactured or produced in India” Grofers, the on-demand delivery service, has also applied for a retail trading licen…
Next big thing in e-commerce, online grocery start-ups in India struggle
Once seen as the next big thing in online commerce, the euphoria surrounding e-grocery companies seem to have whittled. Online grocery start-ups such as LocalBanya, PepperTap and AAGAAR.com have already shut shop while Grofers continues to struggle to stay afloat, all of which point that the busi…
BigBasket mulling to invest up to Rs 90 crore for recruiting more farmers to its network
BigBasket plans to invest up to Rs 90 crore to recruit hundreds more farmers to its network, beefing up its supply chain ahead of a potential entry of deep-pocketed global corporations including Walmart and Amazon into India’s online grocery market. The investment, which follows a $150 mill…
Aramex invests in Grab.in and Logisure to bridge last-mile delivery
Global logistics service provider Aramex has invested in last mile mobile-based companies Grab.in and Logisure to strengthen its last-mile delivery service in the ecommerce segment in India. The company has committed to invest Rs 20 crore in Zomato backed last-mile delivery company Grab a Grub, w…
Government allows 100% FDI for online grocery startups
In a boost to retailers and grocery startups such as Bigbasket and Grofers, the government on June 20 allowed 100% FDI in food retail, including through e-commerce, provided such items are produced, processed or manufactured in the country. This will allow multi-brand retail giants such as Walmar…
SoftBank’s investments in India may surpass $10 billion
Having made a string of technology investments in India, Japanese telecom and Internet giant SoftBank has said its investments in the country will top $10 billion in 5-10 years. SoftBank, which owns one of Japan’s biggest mobile carriers and a controlling stake in US-based Sprint Corp, will…
Zopper reaches out to more cities, doubles gross sales
Hyperlocal e-commerce startup Zopper said it is set to more than double its gross sales to $250 million this year as it expands its city reach and at the same time, keeps its portfolio focussed on electronics. Zopper, which allows users to shop from the nearest retail store, said it plans to expa…