Table of Contents
- 1 What type of business is Grofers?
- 2 How do Grofers work?
- 3 What is the business model of big basket?
- 4 What is the income of Flipkart?
- 5 What is the business model of dunzo?
- 6 What is JioMart business model?
- 7 Who is the co-founder of Grofers?
- 8 Is Grofers the best online grocery delivery service in India?
What type of business is Grofers?
The name Grofers is a portmanteau of “grocery gophers”. Customers of the company use a mobile application to order groceries online….Grofers.
Type of business | Private |
---|---|
Founder(s) | Albinder Dhindsa Saurabh Kumar |
Key people | Albinder Dhindsa (CEO) Saurabh Kumar (COO) |
Industry | E-commerce |
Services | Online grocer |
How do Grofers work?
Q: How does Grofers work? A: We work on a marketplace model to replace the trip to local shops for our consumers by bringing merchants (and their inventory) online. You can shop for groceries, Bakery, Pet Supplies, Cosmetics, and soon pharmacies and appliances on the Grofers app.
Is Grofers a profitable company?
Grofers operates with separate retail delivery and wholesale procurement channels controlled by its Singapore based parent. The company managed to grow its revenue from operations by a healthy 78.52\% from Rs 1,282.3 crore in FY19 to Rs 2,289.2 crore in FY20.
What is the business model of big basket?
Founded in the year 2011, Big Basket Business Model revolves around Online Grocery Delivery Services that deliver grocery goods found in home essentials, convenience stores, and food supplies to its users. The company is headquartered in Bangalore, and it is functional all across India.
What is the income of Flipkart?
Flipkart Net Worth
Name | Flipkart |
---|---|
Net Worth 2021 | $37.6 Billion |
Net Worth in Indian Rupees | 2.8 Lakh Crore |
Net income 2020: | (38.4b) |
Revenue | 43,615 crores INR (US$6.1 billion, 2019) |
Who invested in Grofers?
$1-Billion Investment Plan SoftBank Vision Fund holds almost 45\% in Grofers as its largest shareholder, while Tiger Global and Sequoia Capital are common investors in Zomato and the grocery etailer.
What is the business model of dunzo?
Dunzo functions through an app and a website. It provides on-demand concierge service in the hyper-local market. Dunzo works through a data-driven platform where it connects a delivery person to the nearest user. The activity of this person can be tracked throughout the delivery.
What is JioMart business model?
Reliance Retail Ltd’s new e-commerce venture JioMart is launched with the tagline “Desh ki Dukan”. Jiomart business model works on the O2O (online-to-offline) model where the customers can order online and the product is delivered from the local Kirana store.
Is Grofers a good business model?
Grofers is a leading startup that has raised around $442.5 million and was having around Cr revenue in 2018. Grofers follows a unique and exciting business model ensuring its business success and growth. Grofers is improving its service to survive against Amazon and Bigbasket.
Who is the co-founder of Grofers?
In conversation with Saurabh Kumar and Albinder Dhindsa, co-founders of Grofers about their Business Model. Q: What is Grofers? A: Grofers is an m-commerce marketplace for your daily shopping.
Is Grofers the best online grocery delivery service in India?
Grofers comes as an example of the same drive and has become one of the hottest online grocery delivery services in India, along with Amazon India, Big Basket, and other similar services. Since its inception in 2013, Grofers has been successful in engaging its target audience, as well as generating interest and investments from investors.
What is the total revenue of Grofers?
At the end of 2019, the company’s total revenue was $34 Million. Grofers inventors list includes Sequoia Capital, SoftBank Capital, SoftBank Vision Fund, Grofers International, Abu Dhabi Capital Group, BCCL, Tiger Global Management, Yuri Milner, KTB Ventures, Tiger Global, and Sequoia Capital India.