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Blinkit Commerce Private Limited, d/b/a Blinkit and formerly Grofers, is an Indian quick-commerce service. [5] [6] [7] It was founded in December 2013 and is based in Gurgaon. [8] [9] Customers of the company use a mobile application to order groceries and essentials online.
Indian internet firm Grofers on Monday rebranded itself Blinkit as its CEO promised to speed up deliveries of everything from groceries to electronics in a burgeoning market dominated by Walmart's ...
A Dunzo delivery partner waiting at Four Bungalows, Andheri in Mumbai. Dunzo was founded in July 2014 by Kabeer Biswas, an alumnus of the NMIMS, University of Mumbai. [10] [11] Before Dunzo, Kabeer founded a company called Hoppr, which was acquired by Hike Messenger in 2014. [12]
Online grocery shopping grew substantially during the COVID-19 pandemic. [8] The COVID-19 pandemic greatly accelerated the growth of online grocers, and in the first few months of the pandemic, online grocery shopping increased by 300%. [9] In addition, first-time online grocery shoppers accounted for 41% of online grocery shoppers. [10]
From 2023, Q-commerce orders increased, and they make about 40% to 50% of India's e-grocery expenditures in 2024. [11] With delivery times of less than ten minutes, Q-commerce purchases in India now include the selling of high-end goods like the most recent iPhone 16 and iPhone 16 Plus. Approximately 55% of festive orders placed in India in ...
India has an Internet user base of about 690.0 million as of November 2023, about 40% of the population. [1] Despite being the second-largest user base in world, only behind China (1.079 billion, 48% of population), the penetration of e-commerce is low compared to markets like the United States (266 million, 84%), or France (54M, 81%), but is growing, adding around 6 million new entrants every ...
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On 21 January 2020, Zomato acquired its rival Uber Eats' business in India in an all stock deal, giving Uber Eats 10% of the combined business. [80] On 29 June 2021, the firm acquired a 9.3% stake in Grofers for nearly US$120 million. [81] On 24 June 2022, Zomato acquired Blinkit (formerly Grofers) for US$568 million in an all-stock deal. [48]
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