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Albinder Dhindsa

E-commerce orders soar as consumers flock online to shop

Online marketplaces like Amazon, Grofers, BigBasket and Snapdeal are witnessing a sudden surge in demand amid the coronavirus pandemic. “In the last couple of days, we have seen what we may call panic buying across a number of cities and...

Grofers expands operations to 27 cities including Rohtak, Agra

SoftBank-backed Grofers on Tuesday said it has expanded its services to 27 cities in the country, including Vadodara, Meerut, Rohtak, Panipat, Agra and Durgapur.Grofers, which was launched in 2014 by Albinder Dhindsa and Saurabh Kumar, previously had presence in...

Grofers loss widens to Rs 448 cr in FY19; On track to double GMV to Rs 5,000 cr in FY20

SoftBank-backed Grofers reported widening of its loss to Rs 448 crore in 2018-19 financial year, while its income rose by over 56 percent from the previous fiscal, according to regulatory documents filed by the company.According to a PTI report:...

Grofers raises US$ 200 mn led by SoftBank Vision Fund for market expansion

Online grocery retailer Grofers Wednesday said it has raised over US$ 200 million (over Rs 1,400 crore) in funding, led by SoftBank Vision Fund.The series F funding saw participation from new investor, KTB, and existing investors, Tiger Global Management...

Grofers targets profitability by FY21, IPO in 3 years

Online supermarket major Grofers India is pursuing profitability by consolidation and focussing on doubling its sales to Rs 5,000 crore by FY’20. The company is also gearing up to hit the capital market with initial public offer (IPO) within...

Grofers crosses Rs 300 cr sales in single month

Grofers, the low price online supermarket, announced the record revenue of Rs 310 crore in January 2019. With this, Grofers became the first online grocer to cross Rs 300 crore in monthly sales and also became the largest e-grocery...

Grofers eyes Rs 200 cr GMV from Grand Orange Bag Days sale

SoftBank-backed Grofers aims to clock gross merchandise value (GMV) of over Rs 200 crore during its ongoing Grand Orange Bag Days (GOBD) sale.According to a PTI report: The company, which is running GOBD from January 19-27, said it has...

Grofers eyes $2.5 billion in revenue by 2020

SoftBank-backed Grofers aims to garner $2.5 billion (approximately Rs 17,500 crore) in revenue by 2020 as it scales up its private label offerings in the country and focusses on expanding repeat purchases in its platform. The company, which has recently completed...

‘Group buying’ to contribute 25-30 pc of revenues in FY19: Grofers

Online grocery platform Grofers Friday said it is scaling up its 'group buying programme' (GBP) pan-India and expects the initiative to contribute 25-30 percent of its revenue this fiscal.According to a PTI report: Grofers, which competes with BigBasket and...

Grofers partners with local businesses for last mile delivery

Online grocery firm Grofers said Monday it is partnering with local entrepreneurs to help with last mile delivery, a model that it expects will be used to deliver half of its overall order volumes.Under its 'Grofers Service Partners' Programme...
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Retail sales grow 8% y-o-y in March 2024: RAI Survey

According to the survey, sports goods reported a growth of 11% followed by apparel and beauty showing a growth...
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