Grofers

Grofers has already added 400 stores in Delhi NCR

The company plans to expand to Mumbai and Bengaluru

The grocery emarketplace also plans to expand its catalogue to 1500 products

Grofer received a tranche in August from SoftBank Vision Fund’s commitment of $200 Mn

Other investors in the company include KTB Ventures, Sequoia Capital and Tiger Global

The grocery startup has monetised close to 3.8 Mn shares for $ 52K per share

GST Council set to decide on slashing down the GST on EVs to 5%

Electric three-wheeler maker SmartE raises $200K in angel funding

Grofers to add 500 e-vans to its delivery fleet by 2019 end

The company had recently raised $200 Mn Series F round led by SoftBank

The new $10 Mn investment is said to be a part of the company’s ongoing Series F round

Company had earlier shared plans to expand into new markets

Grofers will manage backend sourcing etc

Grofers has nearly 6K partner kirana stores

It closed $200 Mn funding round led by SoftBank recently

Online grocery delivery market is expected to grow at 55% through 2021

RedSeer report says egrocers have converted 30-40% users to the subscription model

BigBasket and Grofers recently raised over $100 Mn each

Grofers raised $200 Mn Series F round led by SoftBank Vision Fund

Rockstar Games has acquired Bengaluru-based Dhruva Interactive

This week, nine startups have raised $205.39 Mn funding

Existing investors Tiger Global & Sequoia Capital also invested in the grocery startup

KTB is a new investor in the round which reportedly took Grofers’ valuation to nearly $1 Bn

The company claims to have grown 8x over the last two years

Companies like Amazon, Swiggy, Grofers, IKEA have now started using electric bikes for deliveries

According to EV startup DOT, just 250 EVs can save $1 Mn in fuel costs annually

Despite increased adoption, charging infrastructure remains a worry for delivery startups

This marks Flipkart Supermart’s entry into its fifth market

Flipkart Supermart is banking on its USP of free delivery on orders above INR 600

The company is working with farmers, producer organisations and businesses in Mumbai for this service

Earlier this month, Dunzo was in the process of closing INR 80 Cr in its ongoing Series C round

Other competitors in the space are Bigbasket, Grofers and Swiggy Stores

Indian hyperlocal market is expected to reach over $317.4 Mn by 202

Ola Electric raised $56 Mn from old investors

Zomato and Grofers raked in nearly $60 Mn

In all, this week, 15 startups raised $193.72 Mn