Zomato buys Blinkit for ₹4,508 crore in all-stock deal
Zomato is fully acquiring Blinkit through issuance of nearly 62.9 crore shares, equivalent to equity stake of 6.88% on a fully-diluted basis
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70% of global grocery investments came to India in 2020: McKinsey
Serving customers directly and through an omnichannel approach is emerging as a prerequisite to growth.
Ola forays into quick commerce, to expand dark stores to 20 cities
In the next six months, Ola Dash plans to expand its dark store network to 500 dark stores spread across 20 cities.
Meat-ing success: How Covid-19 helped this startup
Shan Kadavil, co-founder and CEO, FreshToHome, says that there is a huge market for the fish and meat e-retailer, as over 80% of Indians are non-vegetarians. And they are moving towards e-commerce.
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.
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.
Bigbasket gets ₹100 crore in venture debt from Trifecta
The firm will use the funds to meet its working capital needs; it will also use it to set up new warehouses and scale up the supply chain of its recently launched milk subscription business.
BigBasket raises $150 million, joins unicorn club
South Korea’s Mirae-Naver, U.K.’s CDC also invest in owner and operator of the online food and grocery retailer.
