Grofers

'What war?': Blinkit & BigBasket CEOs put selfies to end claims of rivalry in quick commerce

Sep 20, 2024, 07:02 PM IST

It all started after a tweet emerged on X, saying, “Quick commerce wars: BigBasket vs Blinkit competing on iPhone 16 deliveries in less than 10 mins. A decade ago, BigBasket and then Grofers had just started competing in the grocery delivery market.”

Zomato in advanced talks to acquire Paytm’s movie ticketing and events business for Rs 1,500 crore: Report

Jun 16, 2024, 03:05 PM IST

If finalised, this acquisition would mark Zomato’s second-largest purchase, following its acquisition of quick commerce platform Blinkit (formerly Grofers). Zomato had initially acquired Blinkit, previously known as Grofers, in a 2022 deal valued at Rs 4,447 crore.

Zomato's new delivery route: Why the food delivery major is banking on Blinkit

Feb 16, 2024, 04:27 PM IST

Central to the new Zomato growth menu is Blinkit (formerly Grofers), the quick commerce company Goyal bought for a substantial Rs 4,447 crore in June 2022. That was a big bet at a time when the Zomato stock was floundering, and the investors had to be convinced the deal was worth going for despite the steep asking price. But Goyal went with his instinct and picked up Blinkit, which today is one of the key reasons why it is racing towards what could be its first full year of profits.

Zomato Q2 results: Blinkit turns contribution positive on low base effect

Nov 03, 2023, 03:37 PM IST

Zomato acquired Blinkit (formerly Grofers) and its warehousing and ancillary services business in August 2022. The deal was announced in June 2022.

When Paytm's Vijay Shekhar pitched to Ashneer Grover who worked with American Express

Dec 29, 2022, 07:11 PM IST

Ashneer Grover also praised entrepreneurs saying they “have the guts to build something big.”

Blinkit, Intercity Legends, Hyperpure: What’s Zomato’s Best Bet?

Dec 14, 2022, 11:20 AM IST

Zomato has launched its inter-city service to deliver your favourite delicacies from Delhi’s nalli nihari to Kolkata’s rosogullas even while you are not in the same city. Zomato has partnered with shadowfax for storage and delivery to conduct their inter-city deliveries. This comes after a slew of Zomato inter-city officials Siddharth Jhawar and Kamayini Sadhwani had quit. Take a look at the journey of Zomato inter-city services and will it act as a game-changer. Read Business Today’s latest magazine issue, ‘ Will Hero be the new Honda’

BharatPe Sues Ashneer Grover: A Look At His Life And BharatPe Controversy

Dec 09, 2022, 08:44 PM IST

BharatPe Controversy: Ashneer Grover, who has been in the limelight for the ongoing controversy with BharatPe, has worked with American Express, Grofers, PC Jeweller Ltd, and others in his career. The BharatPe founder is an IITian, ex-IIM and has been judge on the reality TV show Shark Tank India.

Zomato’s plates full, no plans for new minority investments: Deepinder Goyal

Nov 10, 2022, 09:05 PM IST

Zomato’s food delivery business will remain at the core of its growth going ahead. No capital will be allocated for new minority businesses, said Deepinder Goyal in a letter to shareholders.

Blinkit launches its first 'silent store' in Delhi

Oct 18, 2022, 03:28 PM IST

The Zomato acquired company has partnered with Dr Reddy’s Foundation and Sarthak Educational Trust to launch this silent store.

'Aggressive about conserving cash’: Zomato CEO Deepinder Goyal on minority investments

May 24, 2022, 12:57 PM IST

Chief Executive Officer (CEO) of the online food delivery bellwether Zomato Deepinder Goyal has said that the company is focusing more on conserving cash than securing minority investments, as per the company's earnings release and letter to the shareholders.

Why Swiggy and Zomato love grocery more than food?

Apr 16, 2022, 11:41 AM IST

While Bengaluru-based Swiggy has made a commitment of $700 million to grow its express delivery business Instmart, Zomato is in the process of snapping up 10-minute grocery delivery start-up Blinkit (erstwhile Grofers).