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Grofers rebrands itself as Blinkit with pivot to instant commerce

Zomato, in July, said it has invested $100 million (around Rs 745 crore) for acquiring a minority stake of over 9 per cent in Grofers

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Grofers | start- ups

BS Reporter 



SoftBank Vision Fund-backed company is working with an adviser, a person familiar with the development said

Grocery delivery startup has rebranded itself as Blinkit apart from pivoting the company's business model to quick commerce, Co-founder and CEO Albinder Dhindsa said in a blog post.

"Once upon a time, a few months ago, we started on a journey to build the future of commerce with 10 minute delivery of most of the stuff our customers need in their daily lives. Today, we already process over a million orders a week, across 12 cities in India. And this is just a start," he wrote.

Zomato, in July, said it has invested $100 million (around Rs 745 crore) for acquiring a minority stake of over 9 per cent in as the listed foodtech company looks to have more exposure to quick commerce segment. According to media reports, Zomato might invest a further $500 million in .

"We learnt a lot as Grofers, and all our learnings, our team, and our infrastructure is being repurposed to pivot to something with staggering product-market fit – quick commerce," said Dhindsa.

"Today, we are surging ahead as a new company, and we have a new mission statement – “instant commerce indistinguishable from magic. And we will no longer be doing this as Grofers – we will be doing it as Blinkit," he added.

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First Published: Mon, December 13 2021. 10:55 IST

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