SlideShare a Scribd company logo
1 of 11
Success Story
of Grofers
Success is not final; failure is not
fatal: It is the courage to continue
that counts.
 The 33-year-old young man – Albinder Dhindsa is Co-founder & CEO of Grofers.com.
 Grofers, with a current valuation of roughly $115 Million is a Gurgaon-based start-up e-
commerce platform which helps its customers with their daily shopping for products
such as Grocery, Bakery Items, Flowers, Fruits & Vegetables, Meats, Baby Care
Products, and many more!
 Albinder, unlike most other upcoming businessmen/women, was an accidental
entrepreneur, who had absolutely no intentions of getting into business, but because he
saw a huge gap in the market along with a lucrative opportunity, he simply couldn’t
control his urges to jump on to the entrepreneurship wagon.
 But at the same time, even though he is a first generation entrepreneur of his family, he
is known for the ways he does and is doing business.
THE PATH THAT LED TO GROFERS!
 Soon after completing his bachelors from IIT-D, Albinder began his career!
 He started working in 2005 as a Transportation Analyst at URS
Corporation and continued the same for almost 2 years. In 2007 he took his
first jump and moved to Cambridge Systematics as a Senior Associate and
went on to work with them for more than 3 years.
 In May 2010, Albinder decided to leave his job and moved to the United States
to work pursue his Masters in Business Administration. While he was at it, he
also joined UBS Investment Bank as an Associate in June 2011 for 3 months.
 After completing his studies, Albinder decided to move back to his home
ground to join Zomato.com as their new Head of International Operations, and
went on to create a pool of knowledge for himself, for almost 3 years. And
while he was at Zomato, he began working on his life’s most ambitious project
– Grofers!
THE STORY OF GROFERS!
HOW DID GROFERS HAPPEN?
 It all began when Albinder was in the US!
 He happened to meet Saurabh Kumar while working with Cambridge Systematics
and kept in touch with him since then, but with absolutely no intentions of any
entrepreneurial motive.
 Moving on, Albinder & Saurabh saw a huge gap in the logistics or rather the
delivery industry and could sense a huge untapped opportunity. They saw that most
of the transactions between the consumers and merchants in the hyper-local space
were still very unorganised.
 They also got a chance to speak to a few merchants and got to know that shops like
local pharmacies did 50-60 home deliveries in a day within three to four km radius,
and their real pain-point was delivery logistics.
 And it seemed that the merchants had built a solid customer base but were struggling to
provide a higher quality and reliable service, because they lacked have the scale to be
able to build the infrastructure.
 Hence, they quickly began ideating on building a platform that could prove to be a win-
win for all and would also fill the gap. And after laying the foundation for their start-up,
they first started – Onenumber in 2013!
 Now their initial idea was to provide an on-demand pick up & drop service from shops
around their neighbourhoods like pharmacy, grocery and restaurants for a customer. It
was basically a one-stop solution for customer’s local delivery needs.
 Even though they had restaurants on board, but still they saw that 90% of their orders
were coming from groceries and pharmacies. Taking a cue from this, they decided to
focus on only these two, quickly pivoted their model and also rebranded themselves
as Grofers – a hyper- local logistics company!
WHAT IS GROFERS.COM?
 Owned and operated by Locodel Solutions Private Limited; Grofers is a hyper-
local logistics company which provides an e-commerce platform for daily
shopping. The platform enables its customers to shop from their favourite
merchants in their neighbourhood and provides them with a delivery at their
doorstep within 90 minutes.
 In other words; by connecting the merchants to the consumers from their
neighbourhood, Grofers attempts to make the local shopping experience easy and
pleasant. They help deliver a range of more than 20,000 products spread across
various categories which include Grocery, Bakery Items, Flowers, Fruits &
Vegetables, Meats, Personal and Baby Care Products, Pet Care Items, Electronic
Accessories, etc! These deliveries can either be scheduled for instantly or for a
convenient time later.
 To be able to meet the delivery time, Grofers has built multiple stations across all
the cities they hold presence in. So whenever a customer places an order, it goes to
the merchant as well as to the relevant station, then somebody from the nearest
station picks up the order from the merchant and delivers it to the customer.
 The platform currently operates in a total of 10 cities: Ahmedabad, Bangalore,
Chennai, Delhi NCR, Hyderabad, Jaipur, Kolkata, Lucknow, Mumbai, and Pune.
HOW DID GROFERS GROW INTO
BECOMING WHAT WE SEE TODAY?
 The company had now moved from a B2B (Business 2 Business) model to a B2C
(Business 2 Customer) model. And the real beauty of a model like Grofers was that, it
had endless possibilities of utilising a hyper-local delivery network.
 Now, Grofers was primarily born to solve a very basic problem – we have to go to the
nearby store for daily needs. And they had a pretty much sorted revenue model, wherein
they earned their revenues via commission from retailers.
 But when they began, they had to go through certain hurdles that are most common to
the ventures which are unique, one of which being – creating awareness!
 And as much as they were prepared that, convincing people that they could be trusted to
do deliveries for them, would be difficult but as they say, “it’s easier said than done!”
Gradually, by providing quality service, they began to gain customer loyalty and their
kitty started getting bigger.
 After such humungous developments in such a short time, today, when we look at their
market position; Grofers has grown on to be valued at $115 million.
 With an average ticket size of Rs. 560 & 400+ merchants, the company now clocks
roughly 6000 orders every day, which is tripling every month and has brought them to
book a turnover of Rs.1.8 Cr. approximately in the last fiscal. They have also increased
their employee strength to more than 1000 people, of which 700 are delivery boys.
 And lastly, talking about their funding; the company has raised a total of $45 Million
from Sequoia Capital and Tiger Global Management. These rounds include $35 Million
(2015), $10 Million (2015) and $500K (2014). (Source: Crunchbase)
ACHIEVEMENTS
 Grofers was named one of the top 10 start-up’s in
Delhi by YourStory.com (2014)
 Listed amongst the top 10 promising Gurgaon-
based start-up’s in 2014 by IndianWeb2.com
Ethics presentation

More Related Content

What's hot

How does swiggy makes money
How does swiggy makes moneyHow does swiggy makes money
How does swiggy makes moneyweblistr
 
App development for food delivery
App development for food deliveryApp development for food delivery
App development for food deliveryRichard Olga
 
Peppertap - A MIS Perspective
Peppertap - A MIS PerspectivePeppertap - A MIS Perspective
Peppertap - A MIS Perspectivearav93
 
Clean car final presentation
Clean car final presentationClean car final presentation
Clean car final presentationSravya Vsv
 
Easy Serve, an Online Services Marketplace Startup in India
Easy Serve, an Online Services Marketplace Startup in IndiaEasy Serve, an Online Services Marketplace Startup in India
Easy Serve, an Online Services Marketplace Startup in IndiaUpamanyu Acharya
 
AuroIN Career
AuroIN CareerAuroIN Career
AuroIN CareerAuroIN
 
Wheelie WonkaZ
Wheelie WonkaZWheelie WonkaZ
Wheelie WonkaZjmm386
 
A study on Omni channel in Indian context of Retail
A study on Omni channel in Indian context of RetailA study on Omni channel in Indian context of Retail
A study on Omni channel in Indian context of RetailDipankar Mandal
 
Elango supply chain
Elango supply chainElango supply chain
Elango supply chainAbi Shek
 
presentation just dial how it generate th erevenue
presentation just dial how it generate th erevenuepresentation just dial how it generate th erevenue
presentation just dial how it generate th erevenueANSHU TIWARI
 
Bharat Goods
Bharat GoodsBharat Goods
Bharat GoodsEmphaso
 
A WALK-IN INTERVIEW FOR FRESHER'S IN CCD
A WALK-IN INTERVIEW FOR FRESHER'S IN CCDA WALK-IN INTERVIEW FOR FRESHER'S IN CCD
A WALK-IN INTERVIEW FOR FRESHER'S IN CCDPriya Seth
 
Jap transport cab
Jap transport cabJap transport cab
Jap transport cabRavi Kumar
 
Justdial business model
Justdial business modelJustdial business model
Justdial business modelShwet Kashyap
 
Localbook Corporate Presentation
Localbook Corporate PresentationLocalbook Corporate Presentation
Localbook Corporate PresentationUmesh Dahare
 

What's hot (20)

How does swiggy makes money
How does swiggy makes moneyHow does swiggy makes money
How does swiggy makes money
 
App development for food delivery
App development for food deliveryApp development for food delivery
App development for food delivery
 
Peppertap - A MIS Perspective
Peppertap - A MIS PerspectivePeppertap - A MIS Perspective
Peppertap - A MIS Perspective
 
Clean car final presentation
Clean car final presentationClean car final presentation
Clean car final presentation
 
Express-Maid-proposal
Express-Maid-proposalExpress-Maid-proposal
Express-Maid-proposal
 
Grub bite case1
Grub bite case1Grub bite case1
Grub bite case1
 
Easy Serve, an Online Services Marketplace Startup in India
Easy Serve, an Online Services Marketplace Startup in IndiaEasy Serve, an Online Services Marketplace Startup in India
Easy Serve, an Online Services Marketplace Startup in India
 
AuroIN Career
AuroIN CareerAuroIN Career
AuroIN Career
 
Wheelie WonkaZ
Wheelie WonkaZWheelie WonkaZ
Wheelie WonkaZ
 
A study on Omni channel in Indian context of Retail
A study on Omni channel in Indian context of RetailA study on Omni channel in Indian context of Retail
A study on Omni channel in Indian context of Retail
 
Elango supply chain
Elango supply chainElango supply chain
Elango supply chain
 
presentation just dial how it generate th erevenue
presentation just dial how it generate th erevenuepresentation just dial how it generate th erevenue
presentation just dial how it generate th erevenue
 
Bharat Goods
Bharat GoodsBharat Goods
Bharat Goods
 
Presentation Mantra Group
Presentation Mantra GroupPresentation Mantra Group
Presentation Mantra Group
 
Big basket
Big basketBig basket
Big basket
 
A WALK-IN INTERVIEW FOR FRESHER'S IN CCD
A WALK-IN INTERVIEW FOR FRESHER'S IN CCDA WALK-IN INTERVIEW FOR FRESHER'S IN CCD
A WALK-IN INTERVIEW FOR FRESHER'S IN CCD
 
Jap transport cab
Jap transport cabJap transport cab
Jap transport cab
 
Seo services bangalore
Seo services bangaloreSeo services bangalore
Seo services bangalore
 
Justdial business model
Justdial business modelJustdial business model
Justdial business model
 
Localbook Corporate Presentation
Localbook Corporate PresentationLocalbook Corporate Presentation
Localbook Corporate Presentation
 

Similar to Ethics presentation

THE ROAD BEHIND THE GLORY OF GROCERY GIANT GROFERS
THE ROAD BEHIND THE GLORY OF GROCERY GIANT GROFERSTHE ROAD BEHIND THE GLORY OF GROCERY GIANT GROFERS
THE ROAD BEHIND THE GLORY OF GROCERY GIANT GROFERSVARUN KESAVAN
 
Fortune institute of international business smm
Fortune institute of international business smmFortune institute of international business smm
Fortune institute of international business smmJatin Khurana
 
Grofers Business Model By Rakesh Panghal
Grofers Business Model By Rakesh Panghal Grofers Business Model By Rakesh Panghal
Grofers Business Model By Rakesh Panghal Rakesh Panghal
 
Grofers Synthesis paper by Salman Anjum
Grofers Synthesis paper by Salman AnjumGrofers Synthesis paper by Salman Anjum
Grofers Synthesis paper by Salman AnjumMD SALMAN ANJUM
 
Ricardo Green Lawns marketing plan by Joseph Joe Ricardo of Orlando
Ricardo Green Lawns marketing plan by Joseph Joe Ricardo of OrlandoRicardo Green Lawns marketing plan by Joseph Joe Ricardo of Orlando
Ricardo Green Lawns marketing plan by Joseph Joe Ricardo of OrlandoJoseph Ricardo
 
FRANCHISING THE RETAIL WAY FORWARD
FRANCHISING THE RETAIL WAY FORWARDFRANCHISING THE RETAIL WAY FORWARD
FRANCHISING THE RETAIL WAY FORWARDITC Infotech
 
How Small Businesses Go Big with Apps
How Small Businesses Go Big with AppsHow Small Businesses Go Big with Apps
How Small Businesses Go Big with AppsFreedomApps
 
SELABILITY: The Ability To Sell
SELABILITY: The Ability To SellSELABILITY: The Ability To Sell
SELABILITY: The Ability To SellDr Ejiro Andrew
 
Surname 4Student’s NameProfessor’s NameCourseDateSitua.docx
Surname 4Student’s NameProfessor’s NameCourseDateSitua.docxSurname 4Student’s NameProfessor’s NameCourseDateSitua.docx
Surname 4Student’s NameProfessor’s NameCourseDateSitua.docxmabelf3
 
The vibrant startup challenge entry submission by Yenilla.com
The vibrant startup challenge entry submission by Yenilla.comThe vibrant startup challenge entry submission by Yenilla.com
The vibrant startup challenge entry submission by Yenilla.comgnyaneshwar vandakar
 
Analysis Of Big Basket.Com - Slideshare
Analysis Of Big Basket.Com - SlideshareAnalysis Of Big Basket.Com - Slideshare
Analysis Of Big Basket.Com - SlideshareSagar Sawant
 
Rob Hughes - Social Commerce - SAScon 2016
Rob Hughes - Social Commerce - SAScon 2016Rob Hughes - Social Commerce - SAScon 2016
Rob Hughes - Social Commerce - SAScon 2016Rob Hughes
 
How to Identify If Your Business Needs a Mobile App
How to Identify If Your Business Needs a Mobile AppHow to Identify If Your Business Needs a Mobile App
How to Identify If Your Business Needs a Mobile AppFreedomApps
 
207619526 urc-case-study
207619526 urc-case-study207619526 urc-case-study
207619526 urc-case-studyhomeworkping7
 
ICSC_MocialROI_RECON_20131202
ICSC_MocialROI_RECON_20131202ICSC_MocialROI_RECON_20131202
ICSC_MocialROI_RECON_20131202Handol Kim
 
2014: The Year in Mobile Research
2014: The Year in Mobile Research2014: The Year in Mobile Research
2014: The Year in Mobile ResearchField Agent
 

Similar to Ethics presentation (20)

THE ROAD BEHIND THE GLORY OF GROCERY GIANT GROFERS
THE ROAD BEHIND THE GLORY OF GROCERY GIANT GROFERSTHE ROAD BEHIND THE GLORY OF GROCERY GIANT GROFERS
THE ROAD BEHIND THE GLORY OF GROCERY GIANT GROFERS
 
Fortune institute of international business smm
Fortune institute of international business smmFortune institute of international business smm
Fortune institute of international business smm
 
Grofers Business Model By Rakesh Panghal
Grofers Business Model By Rakesh Panghal Grofers Business Model By Rakesh Panghal
Grofers Business Model By Rakesh Panghal
 
Grofers Synthesis paper by Salman Anjum
Grofers Synthesis paper by Salman AnjumGrofers Synthesis paper by Salman Anjum
Grofers Synthesis paper by Salman Anjum
 
Grofers
GrofersGrofers
Grofers
 
ED Presentation.pptx
ED Presentation.pptxED Presentation.pptx
ED Presentation.pptx
 
Ricardo Green Lawns marketing plan by Joseph Joe Ricardo of Orlando
Ricardo Green Lawns marketing plan by Joseph Joe Ricardo of OrlandoRicardo Green Lawns marketing plan by Joseph Joe Ricardo of Orlando
Ricardo Green Lawns marketing plan by Joseph Joe Ricardo of Orlando
 
FRANCHISING THE RETAIL WAY FORWARD
FRANCHISING THE RETAIL WAY FORWARDFRANCHISING THE RETAIL WAY FORWARD
FRANCHISING THE RETAIL WAY FORWARD
 
How Small Businesses Go Big with Apps
How Small Businesses Go Big with AppsHow Small Businesses Go Big with Apps
How Small Businesses Go Big with Apps
 
SELABILITY: The Ability To Sell
SELABILITY: The Ability To SellSELABILITY: The Ability To Sell
SELABILITY: The Ability To Sell
 
Surname 4Student’s NameProfessor’s NameCourseDateSitua.docx
Surname 4Student’s NameProfessor’s NameCourseDateSitua.docxSurname 4Student’s NameProfessor’s NameCourseDateSitua.docx
Surname 4Student’s NameProfessor’s NameCourseDateSitua.docx
 
The vibrant startup challenge entry submission by Yenilla.com
The vibrant startup challenge entry submission by Yenilla.comThe vibrant startup challenge entry submission by Yenilla.com
The vibrant startup challenge entry submission by Yenilla.com
 
Analysis Of Big Basket.Com - Slideshare
Analysis Of Big Basket.Com - SlideshareAnalysis Of Big Basket.Com - Slideshare
Analysis Of Big Basket.Com - Slideshare
 
Insights success the 10 fastest growing retail companies 2016
Insights success the 10 fastest growing retail companies 2016Insights success the 10 fastest growing retail companies 2016
Insights success the 10 fastest growing retail companies 2016
 
Rob Hughes - Social Commerce - SAScon 2016
Rob Hughes - Social Commerce - SAScon 2016Rob Hughes - Social Commerce - SAScon 2016
Rob Hughes - Social Commerce - SAScon 2016
 
How to Identify If Your Business Needs a Mobile App
How to Identify If Your Business Needs a Mobile AppHow to Identify If Your Business Needs a Mobile App
How to Identify If Your Business Needs a Mobile App
 
207619526 urc-case-study
207619526 urc-case-study207619526 urc-case-study
207619526 urc-case-study
 
ICSC_MocialROI_RECON_20131202
ICSC_MocialROI_RECON_20131202ICSC_MocialROI_RECON_20131202
ICSC_MocialROI_RECON_20131202
 
ARICAP
ARICAPARICAP
ARICAP
 
2014: The Year in Mobile Research
2014: The Year in Mobile Research2014: The Year in Mobile Research
2014: The Year in Mobile Research
 

Recently uploaded

Air breathing and respiratory adaptations in diver animals
Air breathing and respiratory adaptations in diver animalsAir breathing and respiratory adaptations in diver animals
Air breathing and respiratory adaptations in diver animalsaqsarehman5055
 
Presentation on Engagement in Book Clubs
Presentation on Engagement in Book ClubsPresentation on Engagement in Book Clubs
Presentation on Engagement in Book Clubssamaasim06
 
If this Giant Must Walk: A Manifesto for a New Nigeria
If this Giant Must Walk: A Manifesto for a New NigeriaIf this Giant Must Walk: A Manifesto for a New Nigeria
If this Giant Must Walk: A Manifesto for a New NigeriaKayode Fayemi
 
Busty Desi⚡Call Girls in Sector 51 Noida Escorts >༒8448380779 Escort Service-...
Busty Desi⚡Call Girls in Sector 51 Noida Escorts >༒8448380779 Escort Service-...Busty Desi⚡Call Girls in Sector 51 Noida Escorts >༒8448380779 Escort Service-...
Busty Desi⚡Call Girls in Sector 51 Noida Escorts >༒8448380779 Escort Service-...Delhi Call girls
 
The workplace ecosystem of the future 24.4.2024 Fabritius_share ii.pdf
The workplace ecosystem of the future 24.4.2024 Fabritius_share ii.pdfThe workplace ecosystem of the future 24.4.2024 Fabritius_share ii.pdf
The workplace ecosystem of the future 24.4.2024 Fabritius_share ii.pdfSenaatti-kiinteistöt
 
Call Girl Number in Khar Mumbai📲 9892124323 💞 Full Night Enjoy
Call Girl Number in Khar Mumbai📲 9892124323 💞 Full Night EnjoyCall Girl Number in Khar Mumbai📲 9892124323 💞 Full Night Enjoy
Call Girl Number in Khar Mumbai📲 9892124323 💞 Full Night EnjoyPooja Nehwal
 
BDSM⚡Call Girls in Sector 97 Noida Escorts >༒8448380779 Escort Service
BDSM⚡Call Girls in Sector 97 Noida Escorts >༒8448380779 Escort ServiceBDSM⚡Call Girls in Sector 97 Noida Escorts >༒8448380779 Escort Service
BDSM⚡Call Girls in Sector 97 Noida Escorts >༒8448380779 Escort ServiceDelhi Call girls
 
No Advance 8868886958 Chandigarh Call Girls , Indian Call Girls For Full Nigh...
No Advance 8868886958 Chandigarh Call Girls , Indian Call Girls For Full Nigh...No Advance 8868886958 Chandigarh Call Girls , Indian Call Girls For Full Nigh...
No Advance 8868886958 Chandigarh Call Girls , Indian Call Girls For Full Nigh...Sheetaleventcompany
 
BDSM⚡Call Girls in Sector 93 Noida Escorts >༒8448380779 Escort Service
BDSM⚡Call Girls in Sector 93 Noida Escorts >༒8448380779 Escort ServiceBDSM⚡Call Girls in Sector 93 Noida Escorts >༒8448380779 Escort Service
BDSM⚡Call Girls in Sector 93 Noida Escorts >༒8448380779 Escort ServiceDelhi Call girls
 
Chiulli_Aurora_Oman_Raffaele_Beowulf.pptx
Chiulli_Aurora_Oman_Raffaele_Beowulf.pptxChiulli_Aurora_Oman_Raffaele_Beowulf.pptx
Chiulli_Aurora_Oman_Raffaele_Beowulf.pptxraffaeleoman
 
SaaStr Workshop Wednesday w/ Lucas Price, Yardstick
SaaStr Workshop Wednesday w/ Lucas Price, YardstickSaaStr Workshop Wednesday w/ Lucas Price, Yardstick
SaaStr Workshop Wednesday w/ Lucas Price, Yardsticksaastr
 
VVIP Call Girls Nalasopara : 9892124323, Call Girls in Nalasopara Services
VVIP Call Girls Nalasopara : 9892124323, Call Girls in Nalasopara ServicesVVIP Call Girls Nalasopara : 9892124323, Call Girls in Nalasopara Services
VVIP Call Girls Nalasopara : 9892124323, Call Girls in Nalasopara ServicesPooja Nehwal
 
Uncommon Grace The Autobiography of Isaac Folorunso
Uncommon Grace The Autobiography of Isaac FolorunsoUncommon Grace The Autobiography of Isaac Folorunso
Uncommon Grace The Autobiography of Isaac FolorunsoKayode Fayemi
 
My Presentation "In Your Hands" by Halle Bailey
My Presentation "In Your Hands" by Halle BaileyMy Presentation "In Your Hands" by Halle Bailey
My Presentation "In Your Hands" by Halle Baileyhlharris
 
AWS Data Engineer Associate (DEA-C01) Exam Dumps 2024.pdf
AWS Data Engineer Associate (DEA-C01) Exam Dumps 2024.pdfAWS Data Engineer Associate (DEA-C01) Exam Dumps 2024.pdf
AWS Data Engineer Associate (DEA-C01) Exam Dumps 2024.pdfSkillCertProExams
 
Re-membering the Bard: Revisiting The Compleat Wrks of Wllm Shkspr (Abridged)...
Re-membering the Bard: Revisiting The Compleat Wrks of Wllm Shkspr (Abridged)...Re-membering the Bard: Revisiting The Compleat Wrks of Wllm Shkspr (Abridged)...
Re-membering the Bard: Revisiting The Compleat Wrks of Wllm Shkspr (Abridged)...Hasting Chen
 
Mohammad_Alnahdi_Oral_Presentation_Assignment.pptx
Mohammad_Alnahdi_Oral_Presentation_Assignment.pptxMohammad_Alnahdi_Oral_Presentation_Assignment.pptx
Mohammad_Alnahdi_Oral_Presentation_Assignment.pptxmohammadalnahdi22
 
Dreaming Marissa Sánchez Music Video Treatment
Dreaming Marissa Sánchez Music Video TreatmentDreaming Marissa Sánchez Music Video Treatment
Dreaming Marissa Sánchez Music Video Treatmentnswingard
 
Report Writing Webinar Training
Report Writing Webinar TrainingReport Writing Webinar Training
Report Writing Webinar TrainingKylaCullinane
 

Recently uploaded (20)

Air breathing and respiratory adaptations in diver animals
Air breathing and respiratory adaptations in diver animalsAir breathing and respiratory adaptations in diver animals
Air breathing and respiratory adaptations in diver animals
 
Presentation on Engagement in Book Clubs
Presentation on Engagement in Book ClubsPresentation on Engagement in Book Clubs
Presentation on Engagement in Book Clubs
 
If this Giant Must Walk: A Manifesto for a New Nigeria
If this Giant Must Walk: A Manifesto for a New NigeriaIf this Giant Must Walk: A Manifesto for a New Nigeria
If this Giant Must Walk: A Manifesto for a New Nigeria
 
Busty Desi⚡Call Girls in Sector 51 Noida Escorts >༒8448380779 Escort Service-...
Busty Desi⚡Call Girls in Sector 51 Noida Escorts >༒8448380779 Escort Service-...Busty Desi⚡Call Girls in Sector 51 Noida Escorts >༒8448380779 Escort Service-...
Busty Desi⚡Call Girls in Sector 51 Noida Escorts >༒8448380779 Escort Service-...
 
The workplace ecosystem of the future 24.4.2024 Fabritius_share ii.pdf
The workplace ecosystem of the future 24.4.2024 Fabritius_share ii.pdfThe workplace ecosystem of the future 24.4.2024 Fabritius_share ii.pdf
The workplace ecosystem of the future 24.4.2024 Fabritius_share ii.pdf
 
Call Girl Number in Khar Mumbai📲 9892124323 💞 Full Night Enjoy
Call Girl Number in Khar Mumbai📲 9892124323 💞 Full Night EnjoyCall Girl Number in Khar Mumbai📲 9892124323 💞 Full Night Enjoy
Call Girl Number in Khar Mumbai📲 9892124323 💞 Full Night Enjoy
 
BDSM⚡Call Girls in Sector 97 Noida Escorts >༒8448380779 Escort Service
BDSM⚡Call Girls in Sector 97 Noida Escorts >༒8448380779 Escort ServiceBDSM⚡Call Girls in Sector 97 Noida Escorts >༒8448380779 Escort Service
BDSM⚡Call Girls in Sector 97 Noida Escorts >༒8448380779 Escort Service
 
No Advance 8868886958 Chandigarh Call Girls , Indian Call Girls For Full Nigh...
No Advance 8868886958 Chandigarh Call Girls , Indian Call Girls For Full Nigh...No Advance 8868886958 Chandigarh Call Girls , Indian Call Girls For Full Nigh...
No Advance 8868886958 Chandigarh Call Girls , Indian Call Girls For Full Nigh...
 
BDSM⚡Call Girls in Sector 93 Noida Escorts >༒8448380779 Escort Service
BDSM⚡Call Girls in Sector 93 Noida Escorts >༒8448380779 Escort ServiceBDSM⚡Call Girls in Sector 93 Noida Escorts >༒8448380779 Escort Service
BDSM⚡Call Girls in Sector 93 Noida Escorts >༒8448380779 Escort Service
 
Chiulli_Aurora_Oman_Raffaele_Beowulf.pptx
Chiulli_Aurora_Oman_Raffaele_Beowulf.pptxChiulli_Aurora_Oman_Raffaele_Beowulf.pptx
Chiulli_Aurora_Oman_Raffaele_Beowulf.pptx
 
SaaStr Workshop Wednesday w/ Lucas Price, Yardstick
SaaStr Workshop Wednesday w/ Lucas Price, YardstickSaaStr Workshop Wednesday w/ Lucas Price, Yardstick
SaaStr Workshop Wednesday w/ Lucas Price, Yardstick
 
VVIP Call Girls Nalasopara : 9892124323, Call Girls in Nalasopara Services
VVIP Call Girls Nalasopara : 9892124323, Call Girls in Nalasopara ServicesVVIP Call Girls Nalasopara : 9892124323, Call Girls in Nalasopara Services
VVIP Call Girls Nalasopara : 9892124323, Call Girls in Nalasopara Services
 
Uncommon Grace The Autobiography of Isaac Folorunso
Uncommon Grace The Autobiography of Isaac FolorunsoUncommon Grace The Autobiography of Isaac Folorunso
Uncommon Grace The Autobiography of Isaac Folorunso
 
ICT role in 21st century education and it's challenges.pdf
ICT role in 21st century education and it's challenges.pdfICT role in 21st century education and it's challenges.pdf
ICT role in 21st century education and it's challenges.pdf
 
My Presentation "In Your Hands" by Halle Bailey
My Presentation "In Your Hands" by Halle BaileyMy Presentation "In Your Hands" by Halle Bailey
My Presentation "In Your Hands" by Halle Bailey
 
AWS Data Engineer Associate (DEA-C01) Exam Dumps 2024.pdf
AWS Data Engineer Associate (DEA-C01) Exam Dumps 2024.pdfAWS Data Engineer Associate (DEA-C01) Exam Dumps 2024.pdf
AWS Data Engineer Associate (DEA-C01) Exam Dumps 2024.pdf
 
Re-membering the Bard: Revisiting The Compleat Wrks of Wllm Shkspr (Abridged)...
Re-membering the Bard: Revisiting The Compleat Wrks of Wllm Shkspr (Abridged)...Re-membering the Bard: Revisiting The Compleat Wrks of Wllm Shkspr (Abridged)...
Re-membering the Bard: Revisiting The Compleat Wrks of Wllm Shkspr (Abridged)...
 
Mohammad_Alnahdi_Oral_Presentation_Assignment.pptx
Mohammad_Alnahdi_Oral_Presentation_Assignment.pptxMohammad_Alnahdi_Oral_Presentation_Assignment.pptx
Mohammad_Alnahdi_Oral_Presentation_Assignment.pptx
 
Dreaming Marissa Sánchez Music Video Treatment
Dreaming Marissa Sánchez Music Video TreatmentDreaming Marissa Sánchez Music Video Treatment
Dreaming Marissa Sánchez Music Video Treatment
 
Report Writing Webinar Training
Report Writing Webinar TrainingReport Writing Webinar Training
Report Writing Webinar Training
 

Ethics presentation

  • 1. Success Story of Grofers Success is not final; failure is not fatal: It is the courage to continue that counts.
  • 2.
  • 3.  The 33-year-old young man – Albinder Dhindsa is Co-founder & CEO of Grofers.com.  Grofers, with a current valuation of roughly $115 Million is a Gurgaon-based start-up e- commerce platform which helps its customers with their daily shopping for products such as Grocery, Bakery Items, Flowers, Fruits & Vegetables, Meats, Baby Care Products, and many more!  Albinder, unlike most other upcoming businessmen/women, was an accidental entrepreneur, who had absolutely no intentions of getting into business, but because he saw a huge gap in the market along with a lucrative opportunity, he simply couldn’t control his urges to jump on to the entrepreneurship wagon.  But at the same time, even though he is a first generation entrepreneur of his family, he is known for the ways he does and is doing business.
  • 4. THE PATH THAT LED TO GROFERS!  Soon after completing his bachelors from IIT-D, Albinder began his career!  He started working in 2005 as a Transportation Analyst at URS Corporation and continued the same for almost 2 years. In 2007 he took his first jump and moved to Cambridge Systematics as a Senior Associate and went on to work with them for more than 3 years.  In May 2010, Albinder decided to leave his job and moved to the United States to work pursue his Masters in Business Administration. While he was at it, he also joined UBS Investment Bank as an Associate in June 2011 for 3 months.  After completing his studies, Albinder decided to move back to his home ground to join Zomato.com as their new Head of International Operations, and went on to create a pool of knowledge for himself, for almost 3 years. And while he was at Zomato, he began working on his life’s most ambitious project – Grofers!
  • 5. THE STORY OF GROFERS! HOW DID GROFERS HAPPEN?  It all began when Albinder was in the US!  He happened to meet Saurabh Kumar while working with Cambridge Systematics and kept in touch with him since then, but with absolutely no intentions of any entrepreneurial motive.  Moving on, Albinder & Saurabh saw a huge gap in the logistics or rather the delivery industry and could sense a huge untapped opportunity. They saw that most of the transactions between the consumers and merchants in the hyper-local space were still very unorganised.  They also got a chance to speak to a few merchants and got to know that shops like local pharmacies did 50-60 home deliveries in a day within three to four km radius, and their real pain-point was delivery logistics.
  • 6.  And it seemed that the merchants had built a solid customer base but were struggling to provide a higher quality and reliable service, because they lacked have the scale to be able to build the infrastructure.  Hence, they quickly began ideating on building a platform that could prove to be a win- win for all and would also fill the gap. And after laying the foundation for their start-up, they first started – Onenumber in 2013!  Now their initial idea was to provide an on-demand pick up & drop service from shops around their neighbourhoods like pharmacy, grocery and restaurants for a customer. It was basically a one-stop solution for customer’s local delivery needs.  Even though they had restaurants on board, but still they saw that 90% of their orders were coming from groceries and pharmacies. Taking a cue from this, they decided to focus on only these two, quickly pivoted their model and also rebranded themselves as Grofers – a hyper- local logistics company!
  • 7. WHAT IS GROFERS.COM?  Owned and operated by Locodel Solutions Private Limited; Grofers is a hyper- local logistics company which provides an e-commerce platform for daily shopping. The platform enables its customers to shop from their favourite merchants in their neighbourhood and provides them with a delivery at their doorstep within 90 minutes.  In other words; by connecting the merchants to the consumers from their neighbourhood, Grofers attempts to make the local shopping experience easy and pleasant. They help deliver a range of more than 20,000 products spread across various categories which include Grocery, Bakery Items, Flowers, Fruits & Vegetables, Meats, Personal and Baby Care Products, Pet Care Items, Electronic Accessories, etc! These deliveries can either be scheduled for instantly or for a convenient time later.  To be able to meet the delivery time, Grofers has built multiple stations across all the cities they hold presence in. So whenever a customer places an order, it goes to the merchant as well as to the relevant station, then somebody from the nearest station picks up the order from the merchant and delivers it to the customer.  The platform currently operates in a total of 10 cities: Ahmedabad, Bangalore, Chennai, Delhi NCR, Hyderabad, Jaipur, Kolkata, Lucknow, Mumbai, and Pune.
  • 8. HOW DID GROFERS GROW INTO BECOMING WHAT WE SEE TODAY?  The company had now moved from a B2B (Business 2 Business) model to a B2C (Business 2 Customer) model. And the real beauty of a model like Grofers was that, it had endless possibilities of utilising a hyper-local delivery network.  Now, Grofers was primarily born to solve a very basic problem – we have to go to the nearby store for daily needs. And they had a pretty much sorted revenue model, wherein they earned their revenues via commission from retailers.  But when they began, they had to go through certain hurdles that are most common to the ventures which are unique, one of which being – creating awareness!  And as much as they were prepared that, convincing people that they could be trusted to do deliveries for them, would be difficult but as they say, “it’s easier said than done!” Gradually, by providing quality service, they began to gain customer loyalty and their kitty started getting bigger.
  • 9.  After such humungous developments in such a short time, today, when we look at their market position; Grofers has grown on to be valued at $115 million.  With an average ticket size of Rs. 560 & 400+ merchants, the company now clocks roughly 6000 orders every day, which is tripling every month and has brought them to book a turnover of Rs.1.8 Cr. approximately in the last fiscal. They have also increased their employee strength to more than 1000 people, of which 700 are delivery boys.  And lastly, talking about their funding; the company has raised a total of $45 Million from Sequoia Capital and Tiger Global Management. These rounds include $35 Million (2015), $10 Million (2015) and $500K (2014). (Source: Crunchbase)
  • 10. ACHIEVEMENTS  Grofers was named one of the top 10 start-up’s in Delhi by YourStory.com (2014)  Listed amongst the top 10 promising Gurgaon- based start-up’s in 2014 by IndianWeb2.com