If you want to invest in a grofers franchise, then first look for the commercial space where it can be easily accessible from all locations; the minimum area required to establish a grofers franchise is around 1000 to 2000 sq. As we move forward in the world of modernisation, we tend to scroll the screens of our mobile phones too often and for many reasons. According to the data, y-o-y 200% progress has been recorded. Purchases grew by only 11% from Rs 2,108.2 crore made in FY20 to Rs 2340.42 crore during FY21. The business currently runs Blinkit in over 28 Indian cities. Buy/Sell an Existing Business; . Dhindsa further pointed out in his Twitter post that the stores are so densely located that 90% of the orders can be delivered by Grofers easily within 15 minutes even if the drivers drove at 10 km/hr. Grofers is India's largest low price online supermarket in the grocery space. The website is neither connected to, nor endorsed by, any of them. A royalty fee - This is about 3% of the income you are making in a month. While working he met Saurabh Kumar and kept in touch with him with absolutely no intentions of any entrepreneurial motives. Other necessary charges- Rs 2 to Rs 3 lakhs. According to the previous reports, the deal was set to be finalised in a 10:1 ratio, which stated to value Blinkit somewhere around $700-800 mn, slightly lower than $1 bn, which was the last-known valuation of Blinkit. Subscribe To Insights If online shopping is worth it, its an excellent opportunity for everyone; with a little investment, anyone can be the grofers partner. Customers can purchase and request their products using the Blinkit smartphone application at a predetermined time, and Grofers staff will deliver these items to the customers. Blinkit believed that it could be a quick commerce company and deliver all the products of daily needs to the consumers and the company currently has currently reported processing 1 million+ orders in a week, across 12 cities in India, as of December 13, 2021. Their plan was to offer on-demand pickup and drop-off services as a one-stop shop for all of the clients local delivery requirements. The Gurugram-based Indian on-demand online grocery delivery service Grofers, which is now known as Blinkit, was founded in the year 2013. Grofers is an Indian online grocery delivery service that was founded in December 2013. refundable security deposit : rs.25,000/- . India has a wide range of grocery businesses that offer franchises to people who are looking forward to establishing their business with an online grocery business franchise. Copyright Startup Authority 2018. Behind Stellar Jeevan, Gate No 4, Greater Noida (West), Uttar Pradesh 201306. The Albinder Dhindsa-led firm has lost Rs 1,181.2 crore in FY20, up 68.2% from FY19s losses of Rs 702.3 crore but the EBITDA margin remained somewhat stable at -48.6%. Its private brand accounts for around 20% of the total revenue generated. The company has more than 60 partner stores in Delhi and has grown to over 30 partner stores in Gurgaon already, along with an adequate number of partner stores also in other serviceable cities like Mumbai, Kolkata, Bengaluru, etc. Franchise of Grofers is a leading Departmental Store Franchise. }, Here are some major insights into the inventory-based Blinkit business model: Grofers, or Blinkit, as it is now called, partners with local merchants and brands, logistics partners, payment providers, investors and its acquisitions. Grofers India, the Indian online grocery delivery service had a relative market share of about two percent in financial year 2020. Our generation is completely reliant on technology for practically everything. One of its key differentiators is what the brand offers on the menua product mix of 60% . You can check all relevant information & take your franchise investment decision. This firing exercise has reportedly impacted around 5% of its total workforce. Grofers, Indias largest low price online grocery supermarket, is expanding its presence offline. Grofers has tied up with the local shop owners and merchants for grocery and daily needs goods in the local areas. Grofers Founded Year: December 2013 (6 years ago) Franchise opportunity, business opportunities, buy and sell franchise, brand expansion, business model, and best consultant for franchise or business in India. This e-commerce startup platform provides a variety of daily needs products ranging from groceries, bakery items, baby care items, and many more to its customers. Franchisees must live in the following areas: Set-up fees, interest-free safe deposit fees, and recurring working capital are all included. There are several ways to submit an application for a Blinkit grocery store franchise: Send an email with your personal information and a request to purchase one of Blinkits franchises to the address listed on the website for Grofers. Blinkit looked forward to a merger with Zomato in a share-swap deal. Before finalizing the final contract, the corporation needs its franchisors to have a cream location. Explore some of the primary reasons for the failure of Grofers hyper-local-based business model. Grofers provides extensive training to its franchise owners along with the staff members. } }, The reports dated March 15, 2022, mentioned that Zomato would be approaching the CCI to further the talks of a merger with Blinkit. Though it is still time to discover the impacts of this pivot, the financial results of Blinkit for FY21 speak of the company's 26.2% growth, where the Blinkit revenue grew from Rs 2160 crore to Rs 2725 crore. Next, complete checkout for full access to StartupTalky. Unlike most businessmen/businesswomen, Dhindsa had no . Blinkit has partnered with neighbourhood store owners and business owners to provide groceries and other necessities to the community. United Water Restoration Group franchise costs (office/warehouse outlet), based on Item 7 of the company's 2022 FDD: Initial Franchise Fee: $49,000 to $210,000. From the mobile application of Blinkit, the customers can buy and order their products at a scheduled time and the Grofers employees deliver these items to the customers. Acquire our high-tech products and services for your business without any delay! The revenue model of Grofers is similar to the commission-based revenue model. Blinkit, which was earlier called Grofers, now has a new mission statement that reads instant commerce indistinguishable from magic. Blinkit solely believes in serving its customers with instant grocery deliveries within 10 minutes. Who said Grofers is making a profit, they haven't even touched the operational break-even, profit is a farthing for them, they would never be in profit TBH same goes for Flipkart, BigBasket, Livspace, and many more well-established brands in e-commerce. Grofers is an e-commerce marketplace for your daily shopping. The on-demand grocery delivery platform has proven as a boon for local vendors. He eventually left the company to co-found Grofers (now Blinkit) in December 2013. window.__mirage2 = {petok:"t8NeZADOa.LfGYaRJWbmSv2N_ackgwFPodxQo3dxF1g-1800-0"}; One of their initial challenges was also to find the right people in their team who would align with the vision that the company aimed to have and work upon it. Saurabh had left Grofers on June 18, 2021. The revenues of the company have witnessed a laudable growth of around 78.52%. As a Zomato subsidiary, Blinkit strives to be leading the Zomato arm for online delivery. The founder concluded by citing the last 2 months' data since they started the 10-minute grocery delivery process and claimed that Grofers has seen no reported rider accidents. It also offers periodic marketing analytics inputs to improve the sales made at the franchise outlets. Obviously, it is the list of fruits, vegetables, and grocery needs that you are going to order but soon after that, it is the application or the website that is to come up next in order! Hence it updated its business model; the company has shifted its hyperlocal delivery service to an inventory-based delivery model to ensure its business success quickly. One of the most common methods of earning money is charging a delivery fee on every order. Due to lockdown or maybe the online technology explosion but according to the data, online grocery shopping has seen a tremendous rise in India from 2019. As you can see, revenue per store varies greatly from $302,000 for the 4th quartile up to $2,877,000 for the 1st quartile (top 25% . The online grocery store Idea was an excellent concept, and with the help of technology, the grofers have successfully covered the 30+ cities ( including Tier 1) in the nation. document.getElementById( "ak_js" ).setAttribute( "value", ( new Date() ).getTime() ); FranchiseKaro.com is one of the very few companies that emerged out of the pandemic, for the people who have suffered during the pandemic or they are still looking for franchise business opportunities in India. Grofers or Blinkit markets through blogs, and social media channels and also relies heavily on the word of mouth marketing. This is being supported by traction of about five million customers during its recent. Though the Albinder Dhindsa-led firm increased its losses by 68.2% to become Rs 916.29 crore in FY20, which was earlier listed at around Rs 702.3 crore in FY19, the EBITDA margin of the company remained almost stable at -48.6%. The business operates a network of over 8,000 partner stores through its in-house technology infrastructure, allowing it to operate a fast and lean supply chain from suppliers to consumers in 27 cities. You may find a list of our investors, Rooftop App bridges the gap between art lovers and on-ground art experiences, ACTs revenue goes past Rs 2,000 Cr in FY22, profit shrinks, Exclusive: Fampay lays off staff; sees top level exits, Narrato taps into content creation, management with AI tools, BankBazaar posts Rs 96 Cr revenue in FY22, Purple Style Labs scale soars 4X to Rs 175 Cr in FY22, Fittr revenue nears Rs 90 Cr in FY22, slips into losses, Bike Bazaars revenue goes past Rs 150 Cr in FY22. Grofers is a leading startup that has raised around $442.5 million and was having around Cr revenue in 2018. To get a franchise of Grofers in your city standard franchise agreement is made that has a term period of 2 years. Saurabh Kumar, Founder, Grofers. Save my name, email, and website in this browser for the next time I comment. Grofers currently dealing with 25 million products, and along with you will get in-house products such as Happy Day, Happy Home, Mothers choice, Grofers Happy Baby, G Fresh, Orange, and budget brands. Grofers is improving its service to survive against Amazon and Bigbasket. Delivery and other related services generated another Rs 4.7 crore for Grofers during FY20. SoftBank-backed online grocery firm Grofers reported its revenues for the financial year 2019-20 as Rs 177 crore, a 111 per cent jump since the last financial year. Using our mobile phones has surely been quite a help, they have literally made the world seem like an easily navigable space. 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