Technology
Grofers Renames Itself Blinkit as CEO Albinder Dhindsa Eyes Faster Deliveries
Grofers changed its name to Blinkit on Monday because its CEO promised to accelerate the delivery of everything from groceries to electronics in emerging markets dominated by Wal-Mart’s Flipkart and Amazon’s local division.
CEO Albinder Dhindsa told Reuters that the SoftBank-backed company has so far mainly focused on grocery delivery. It has more than 100 cooperative stores or warehouses in eight cities. These stores or warehouses can provide shoppers with 10 minutes Delivery service.
“We see this will be the future of business,” Dhindsa said. “Our goal is to have nearly 1,000 (partner) merchants by the middle of next year. We also plan to expand to 100 cities by March,” he added. Engineering graduates Dhindsa and Saurabh Kumar founded Grofers as an online grocery store at the end of 2013. Its expansion into the wider Indian e-commerce field puts it directly against powerful competitors such as Flipkart, Amazon, and tycoon billionaire Mu Mukesh Ambani’s Reliance is a retail drive in a market where Ernst & Young expects an average annual growth of 27%. By 2024, it will reach 99 billion U.S. dollars (approximately 750.11 billion rupees).
Dhindsa said the company currently has 2,000 employees and will hire more engineers. “We will increase the number of people as much as possible based on business needs. We have hired 700 people in the past 4 months and we hope to expand very, very aggressively.”
Another 20,000 people work indirectly for the company as delivery workers and partners. Dhindsa added that Blinkit’s supporters include investment company Tiger Global and local food delivery company Zomato, and are currently evaluating their capital requirements, but are not in a hurry to raise funds soon.
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.jpg "SpiceJet announces 8 new flights to connect Jaipur with Varanasi, Amritsar and Ahmedabad")
SpiceJet expands its domestic network with 8 new flights that will connect Jaipur with Varanasi, Amritsar and Ahmedabad and also link Ahmedabad with Pune.
SpiceJet is further expanding its domestic network with the launch of eight new flights starting November 15.
In the statement released on Wednesday, the airline announced that these new routes will connect Jaipur with Varanasi, Amritsar and Ahmedabad, while also linking Ahmedabad with Pune. This expansion follows the recent launch of 32 new flights in October 2024, including two international flights connecting Delhi with Phuket.
Last month, SpiceJet also commenced UDAN flights linking Shivamogga in Karnataka with Chennai and Hyderabad, and introduced double daily flights between Chennai and Kochi, enhancing connectivity across key regional and metropolitan cities.
“We are excited to announce the launch of new flights from Jaipur to Varanasi, Amritsar, and Ahmedabad, as well as from Ahmedabad to Pune, providing our passengers with greater flexibility and convenience,” SpiceJet Chief Business Officer Debojo Maharshi said.
“These new flights reflect our commitment to supporting passenger demand across tier-II cities and beyond. With our expanded winter schedule, including international and UDAN routes, we aim to provide our customers with greater convenience, affordability, and seamless travel experiences,” Maharshi added.
SpiceJet will deploy its 78-seater Q400 aircraft in these sectors. Bookings for the new flights are now open and tickets are available at the website of the airline, SpiceJet’s mobile app and through online travel portals and travel agents.
On Monday, the airline received a significant boost, with Acuite Ratings & Research Limited upgrading its long-term rating by four notches to ‘B ‘ and its short-term rating to A4. The rating agency has also assigned a ‘Stable’ outlook to the airline.
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