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Grofers registers five-fold sales growth on first day of FY’ 2018

With many firsts starting this financial year, FY 2017-18 led a significant shift in the online grocery shopping trends among Indians. Low price online super market, Grofers on Wednesday announced its successful growth registering a strong single day sale...

Grofers to deliver groceries via e-rickshaws in Delhi-NCR

Online grocery startup Grofers, which recently raised Rs 400 crore fresh funding, today said it has commenced delivery operations via e-rickshaws in the national capital to reduce delivery cost by 25 percent.The company said it aims to upsize the...

Grofers raises Rs 400 cr from SoftBank Group

Online supermarket platform Grofers on Friday said it has raised Rs 400 crore in a fresh funding round led by Japanese conglomerate SoftBank Group.A significant amount of investment will go towards building infrastructure and technology and efficient supply of...

Grofers introduces UPI payment option on Android mobile app

Online food and grocery retailer Grofers has introduced Unified Payment Interface (UPI) payment option for all its Android app users. Following the rollout, all Android users of Grofers can use UPI to pay for their shopped groceries and other...

E-retailing market likely to surge two-fold in three years

The booming e-retail market is likely to surge over twofold over the next three years, as players will be forced to shift their focus from discounts to consolidation, geographical diversification, business realignment and enhancing customer stickiness, says a report.According...

The changing landscape of food retailing in India

A joint report by National Restaurants Association of India and Technopak Advisors state that the foodservice market in India is projected to touch Rs 4.98 trillion by 2021. These are no small numbers as in 2016, the market was...

Retail industry reacts to the Union Budget 2018

In his last full budget before general elections in 2019, Finance Minister Arun Jaitley reduced corporate tax for 99 percent of the companies to 25 percent.In keeping with his earlier announcement of reducing corporate taxation rate to 25 per...

Grofers launches loyalty program ‘Smart Bachat Club’

Low-price online supermarket Grofers has launched a membership subscription based service for its customers, 'Smart Bachat Club' this month.According to a ANI report: It is the first loyalty program of its kind for any online grocery player in the...

Patanjali debuts online, announces partnership with Amazon India, Flipkart

Aiming to expand its footprint in the country's FMCG sector, Baba Ramdev promoted Patanjali on Tuesday launched its e-commerce platform under the tagline "Haridwar to har dwar" (Haridwar to every door step online).The company has also announced its partnership...

How e-commerce companies are building a strong platform for growth in 2018

2017 witnessed a move that proved to be a fillip for the India economy.According to a ANI report: Implementation of the Goods and Services Tax (GST) on July 1, changed the advent of events in the year 2017, which...
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RBI permits UPI transactions via prepaid payment instruments using third-party apps

A PPI issuer, in its capacity as a payment system provider, should not oonboardcustomers of any bank or any...
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