homeretail NewsGrofers: Food & groceries will be first purchase for next 100 million consumers who go online

Grofers: Food & groceries will be first purchase for next 100 million consumers who go online

Online grocery retailer Grofers on Thursday said that food and groceries will be the first purchase for the next 100 million consumers who go online.

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By Anuradha SenGupta  Jan 16, 2020 10:55:02 PM IST (Updated)

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Online grocery retailer Grofers on Thursday said that food and groceries will be the first purchase for the next 100 million consumers who go online.

In an interview to Anuradha SenGupta, Saurabh Kumar, co-founder, said, "The customers that we appeal to, we call them motorcycle families, families who own motorcycle in their home. Middle and low-income households are the biggest markets in India and this is the customer who is also coming online right now. We believe that the next 100 million customers that come online will be looking for their first purchase in food and groceries rather than in fashion and electronics."
Albinder Dhindsa, co-founder and CEO, said, Grofers almost doubled inventory just for the Grand Orange Bag Days Sale as it is usually a 100 percent bump over our regular days that we see over a 9-10 day period. So, the same facility takes almost double the amount of inventory. During the sale we do get a lot more new customers, we do get a bump up in revenue. However, the bigger objective for us is more around the brand building as it is kind of an opportunity for us to tell a lot of people that don't know about Grofers."

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