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Posts Tagged ‘ grocery ’

Grofers FY16 revenue drops, losses widen

Wednesday, January 11, 2017 | More »

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Locodel Solutions Pvt Ltd, the company behind hyperlocal delivery startup Grofers, reported a sharp drop in revenue and a multifold jump in losses for 2015-16. Revenue for the year through March 2016 fell 32% to Rs 58.34 lakh from Rs 86.38 lakh the previous year, the company’s annual report filed ...

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Groceries startup Supr Daily secures funding from Venture Catalysts, angel investors

Mumbai-based daily consumables startup Supr Daily has raised an undisclosed amount of funding led by angel investors from Venture Catalysts such as Dr Apoorv Ranjan Sharma and Anil Jain. Krishna Jhunjhunwala, Anirudh Damani, Anuj Golecha, Dheeraj Jain (partner at Redcliffe Capital) and Harshvardhan ...

21 December, 2016 | More »

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Softbank-backed Grofers tweaks biz model to take on BigBasket

For on-demand online grocery delivery service provider Grofers, 2016 has been a year of change. The Gurgaon-headquartered startup not only scrapped its app-only model and launched a website; it has also quietly revamped its business strategy and operation processes. Grofers, which earlier operated o...

5 December, 2016 | More »

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Digital payments firm FreeCharge ties up with grocery retailer Heritage Fresh

Digital payments firm FreeCharge has entered into a strategic alliance with Heritage Fresh, a grocery retailer from South India, according to a press statement. With this partnership, payment though FreeCharge will be accepted at all 125 supermarkets of Heritage Fresh across Hyderabad, Bengaluru and...

4 November, 2016 | More »

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Online grocery store Satvacart raises third round of angel funding

Online grocery store Satvacart has closed its third round of angel funding with the participation of serial entrepreneur and angel investor Nimit Panigrahi. The firm had earlier announced the participation of Abhijit Awasthi, former national creative director of Ogilvy & Mather, SP Vijay, co-fou...

25 October, 2016 | More »

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Exclusive: Housing.com ex-COO to start online grocery venture

Two former executives at property portal Housing.com are starting an online grocery delivery venture, a segment that was investors’ favourite until last year but where many startups have shut shop after struggling to find profitable business models. Former Housing.com chief operating officer Risha...

17 October, 2016 | More »

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Why hyperlocal grocery startup Zapmart wants to open offline stores

Online hyperlocal grocery startup Zapmart plans to set up brick-and-mortar stores, as the Mumbai-based company seeks to avoid the risks that sank several ventures in the segment. Zapmart founder Parvez Siddiqui told TechCircle the physical stores will be part of an omni-channel strategy and help att...

7 September, 2016 | More »

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Exclusive: Syska invests in hyperlocal grocery delivery startup Tokri

Pune-based hyperlocal delivery startup Tokri has raised a pre-Series A round of funding from Syska LED group, a top company executive told Techcircle.in. The firm has raised $2.5 million (around Rs 16.7 crore), with a commitment from Syska to put in more money, said Neeraj Kansa, co-founder of Tokri...

1 August, 2016 | More »

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Grofers lays off staff, revokes campus offers

Tiger Global-backed grocery delivery firm Grofers has let go some employees and revoked campus job offers as part of a restructuring of operations, indicating the growing pains Indian startups are facing as the funding crunch deepens. “In the past couple of months, we have been making some necessa...

29 June, 2016 | More »

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Micro-delivery startup Milkbasket raises $500K from EVC, others

Gurgaon-based Aaidea solutions Pvt. Ltd, which runs micro-delivery grocery startup Milkbasket, has raised $500,000 (Rs 3.3 crore) in a pre-Series A funding round led by venture capital firm EVC Ventures. Chinese investors Peter Zou, CEO of YeahMobi, and Li Jian, founder of Zhu Dao Investments, also ...

26 April, 2016 | More »

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