Grofers

BigBasket and Grofers have revived talks for a merger as their investors Alibaba Group Holding and SoftBank look to join hands

The merged entity could raise $250 Mn from China’s Alibaba Group Holding

As of March 2017, BigBasket held about 35% market share in the online grocery segment closely followed by Grofers at 31.5%

Important Indian Startup News Stories Of The Week [16-21 July 2018]

• Grofers rolled back its fresh products services in several cities, including Bengaluru
• The company believes that private labels can help improve margins, but it’s not the only way to reach profitability
• Grofers last raised $61.6 Mn from SoftBank

Flipkart Plans To Start Grocery Operations In Five Cities By July End This Year

Important Indian Startup News Stories Of The Week [26-31 March 2018]

The Development Comes Less Than A Month After Rival BigBasket Secured $300 Mn Led By Alibaba

The Development Comes Just Over a Month After The Startup Raised $300 Mn From Alibaba, Others

As Per Sources, Softbank Group Will Be Leading This Round Of Funding In Grofers

Having Clocked $1.6 Bn In Revenues In FY17, Baba Ramdev Led Patanjali Shoots For Stronger Online Presence

If The Deal Goes Through, The Jack Ma-led Ecommerce Giant Will Be Pouring $300 Mn In Bigbasket

Important Indian Startup News Of The Week

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