Procter & Gamble India tests Ecomm waters
P&G is currently testing the beta version of the site and the products are sold and the supply chain managed by its Kolkata-based distributor BG Distributor. The website pgshop.in will go live in the next one month or so, said another person familiar with the development. P&G expects to use the learnings from the exercise the “distributor has undertaken.”
Startup investors writing more $100 million cheques this year
With the rush of capital and new types of investors coming in, venture capitali...
Grofers loss widens to Rs 448 cr in FY19, co says on track to double GMV to Rs 5k cr in FY20
Grofers, which competes with the likes of BigBas...
Inside Indian Ecommerce sector's favourite logistics hub: Bhiwandi
A city known for its century-old power looms is the nerve centre of India's e-commerce operations.
Funding of cosmetics & beauty startups doubles to $108 million in ’19
Besides e-commerce, beauty is also seeing an increase in the number of homegrown skincare and cosmetic brands, latest among them being Grofers’ own Orange Something and Mahesh Bhupati-backed Scentials.
Bull run for private technology funding market coming to an end: Softbank's Deep Nishar
Nishar said the debacle at WeWork, which SoftBank bailed out with a $9.5 billion cash injection, was an extreme case of dissonance between private, and what would have been its public market valuation.
Take three: Flipkart’s $100+ million online grocery bet in India
In its third big shot at online food and grocery, Flipkart pieces together the legs of its strategy through two big investments in seven days — Shadowfax and Ninjacart.
Amex adds 6 lakh new merchants since 2017
The growth across the country is driven by increased demand from tier-I and tier-II cities where American Express Card members want to spend, the premium credit card and payment platform company said in a release.
Grofers to add 700 kirana stores onto network, eyes $1 bn revenue by year-end
The Kirana stores are converted into Grofers-branded stores label products that are usually priced 30-40 per cent less.
Grofers hires 5000 employees to cater to increasing demand
They will mostly be engaged in 15 new warehouses and help increasing its delivery staff strength.
Ecommerce companies are the coolest place for summer internships
Cos like Amazon, Flipkart, Udaan make up for dips in offers from BFSI, automobile and telecom sectors.
Grofers says on track to hit Rs 550 crore monthly GMV
Data shows that most of Grofers’ orders are coming from less-affluent neighbhourhoods across the country.
Abu Dhabi Capital Group backs Grofers
Grofers is expected to be valued at around $700 million after this fund-raise.
Grofers converting grocery shops into its brand stores
This is Grofers’ second stint in brick-&-mortar format; in 2017, it opened tuck shops at Oyo properties.
Market Movers: What changed for D-Street while you were sleeping
Here is breaking down the pre-market actions.
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