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Bigbasket hits annualised gross sale runrate of $1 billion
The Bengaluru-based company will become the second sector-focused online retailer after fashion portal Myntra, and horizontal e-tailers like Flipkart and Amazon India that sell all goods, to cross the billion-dollar sales mark. Myntra has a gross merchandise value (GMV) of over $2 billion.
Covid-19 impact: From BigBasket to Grofers, mounting orders and staff crunch stretch online grocers
Firms are operating at 60-70% capacity du...
Coronavirus outbreak drives demand for China’s online grocers
It’s an unexpected windfall for grocery delivery services that have perennially...
BigBasket and Grofers to hire 12,000 staff to meet demand surge
E-commerce companies have been facing a major manpower shortage, as migrant workers have returned to their native places, amid the virus outbreak.
Retailers, online grocers restrict purchases; put cap on quantity to prevent hoarding
Retailers said indications of hoarding came from the increase in average bill values over the past few days and consumers making repeat purchases. Some states including Maharashtra have said the lockdown may be extended in certain areas, while social media rumours are also rife, fuelling such purchases. Even kiranas across the country have restricted the sale of essential food items.
Apna, the jobs app for Indian workers gets $8 million from investors
The funding, from new investors Greenoaks Capital, Rocketship VC as well as existing backers Lightspeed India and Sequoia Capital, will help the app expand to more cities.
Gig economy weighs impact of social security for workers
The government has proposed changes which would ensure gig workers get life and disability cover, health and maternity benefits, old age protection and any other benefit it may determine as helpful. The benefits have not been clearly defined yet, which is making companies anxious as they fear their operational costs will jump.
E-grocers delay and cancel orders as demand surges amid outbreak
Unable to handle a sudden surge in demand, India's two largest grocery players, BigBasket and Grofers, have started delaying orders by days and in some cases cancelling those, while also selectively shutting down certain delivery pin codes.
BigBasket merges 2 core arms to speed up delivery
The move is expected to help it better compete with established ecommerce players Amazon and Flipkart and food delivery company Swiggy, which has recently forayed into the grocery segment.
Evolving food habits make India complex to operate in: Sodexo
The $24.2 billion French company, with presence in over 80 countries, operates through two business models in India—on-site services or facility management and the consumer-facing coupons business. India contributes about 7-8% to Sodexo's global revenue.
Grofers is in talks to raise $60-70 million
The funding comes at a time when the company’s sales and margins have doubled, compared to the same period last year.
E-grocers like BigBasket, Grofers , others surge ahead on deliveries
Food-delivery apps Zomato and Swiggy, too, have doubled down on the grocery category since it began seeing an uptick in demand. While Swiggy was already present in the grocery delivery segment, Zomato tied up with Grofers to launch the services.
Grofers put offline sales, beauty biz employees on furlough due to lockdown losses
A Grofers spokesperson told ET 70 team members of its ancillary business dealing with non-essential categories were affected.
BigBasket, MedLife, Grofers up hiring as demand spikes due to Covid-19 lockdown
businesses including BigBasket, MedLife, Grofers and Starquik are hiring riders and pickers for part-time and full-time job opportunities.