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The income was higher by 57.5 per cent to Rs 53.4 crore in 2017-18 from Rs 33.9 crore in the previous financial year, the document sourced by business intellegence platform Tofler showed. (Photo: Twitter)

Grofers narrowed losses to Rs 258.3 crore in FY18

The company had posted a net loss of Rs 268.3 crore for the year ended March 2017.

22 Feb 2019 5:12 AM GMT

Founded in 2011, BigBasket operates in 25 Indian cities.

BigBasket to invest USD 100 mn to set up vending machines,...

The company is investing in setting up unmanned vending machines - BB Instant - in office and apartment complexes.

28 April 2019 12:45 PM GMT

CAIT demanded immediate action against policy defaulter e-commerce companies and impose ban on working of their portal.

Subscription works for e-com

In the broader consumer internet space, online streaming platforms have been working on full or partial subscription...

20 May 2019 10:21 PM GMT

Grofers works closely with 4,000-5,000 small merchants who help the company fulfill its orders.

Grofers raises USD 200 mn led by SoftBank Vision Fund for market...

This represents the largest primary financing round in the online grocery sector in India, Grofers said in a statement.

15 May 2019 12:44 PM GMT

Grofers works closely with 4,000-5,000 small merchants who help the company fulfill its orders.

Grofers plans on doubling sales to Rs 5,000 cr by FY20; eyes IPO in 3...

The online player that was last valued at USD 600 million has moved out of hyper-local delivery model 3 years ago.

6 May 2019 8:18 AM GMT

JioMart, which declared itself an aggregator of neighbourhood grocery stores, is currently looking similar to the BigBasket model of ecommerce. (Representative Image | Pixabay)

JioMart, self-declared as a kirana store aggregator, launches in 200...

Grocery is 70% of Indian retail market, with 90% driven by neighbourhood shops. Will Reliance include them, subdue them...

26 May 2020 12:24 PM GMT

The opening of seasonal roles at Amazon India also comes amid the spate of layoffs by tech-led companies like Swiggy, Zomato, ShareChat, Ola and some others over the past few days.

Amazon India says it will add 50,000 temp roles but where are the...

It may struggle to employ people for warehousing and delivery to meet surging demand, as many such roles were being...

22 May 2020 1:14 PM GMT

Amazon and BigBasket have got approval to deliver liquor in West Bengal.

Coy Grofers won't touch liquor, while BigBasket, Amazon, Swiggy and...

We serve families mostly, so not looking to get into this, Grofers co-founder and CEO Albinder Dhindsa said.

21 Jun 2020 2:49 PM GMT

Govt rejects Flipkarts proposal for entering food retail sector. (PTI Photo)

Government rejects Flipkart's plan to enter food retail sector

The company spokesperson said that Flipkart intends to re-apply for the permit

1 Jun 2020 10:29 AM GMT

The possible coming together of online retailers Flipkart-Amazon combine may face close scrutiny for competition issues as the combined entity will be a dominant player in the fast growing Indian e-commerce market, according to experts.

Amazon India rebrands groceries service

E-commerce giant Amazon is aggressively ramping up selection for grocery on its platform and focussing on speedier...

30 May 2018 9:25 AM GMT

Traders body CAIT demanded scrutiny of the proposed $12-billion Flipkart-Walmart deal.

Flipkart to expand e-grocery store in 5 to 6 Indian cities by year-end

It takes head-on players like Alibaba-backed BigBasket and SoftBank-funded Grofers as well as rival Amazon India.

9 Aug 2018 11:54 AM GMT

Ecommerce platforms such as Amazon, Flipkart, Bigbasket, Grofers and Netmeds are allowed to sell essential commodities such as food, pharmaceuticals and medical devices.

Non-essential items cannot be sold by Amazon, Flipkart, government's...

There was talk of some retail traders mounting pressure on the government that local shops be allowed to sell...

19 April 2020 9:52 AM GMT