Swiggy to invest $700 mn in Instamart in quick commerce push
Co will make deliveries in 15 minutes at least in the top cities by January 2022. “Instamart is set to reach an annualised GMV run rate of $1 billion in the next three quarters,” says CEO Majety.
Covid-19: Lockdown slows down online grocers
E-commerce firms delivering essential commodities faced many hassles on Day One of the 21-day national lockdown; they’re working with local authorities to resolve the issues.
Surge in online orders as coronavirus fears spread
India witnessed a record jump in total number of Covid-19 cases to 258 as 63 new cases were confirmed on Friday.
Consolidation: The winner takes it all
There is a new wave of consolidation across sectors in the economy. Should India be worried? Or, is it a rite of passage?
Warehousing, southern markets on Grofers’ mind
CEO Albinder Dhindsa says the company is planning to spend the money it raised earlier this year in acquiring more customers in the south and warehousing development.
E-tailers push for electric mobility in India
While usage of electric vehicles is still at a nascent stage in the country, online retailers such as bigbasket, Grofers, and Flipkart are ramping up their EV fleet for last-mile delivery.
Can Swiggy take more orders?
Swiggy, which started doorstep delivery of home essentials recently, has the advantage of an existing network. But it will take more for it to find its niche in a space led by Big Basket and Grofers.
Grofers is back in the good books
After a rollercoaster ride since its last big funding round, Grofers has managed to raise $62 million from the likes of SoftBank.