Grocery Delivery

The acquisition will give a full exit to Alibaba and private equity firm Abraaj Group.

Grofers, which is now present in 38 cities, said its sales volume grew 80% in 2020.

Experts weigh in on the implications for companies.

A spate of tragedies reveal an industry in crisis.

More digital companies dump new businesses under government pressure.

Although group-buying has been around in China way before the COVID-19 pandemic, the sector enjoyed renewed popularity thanks to social distancing measures.

Four-year-old Udaan, which connects small and medium-sized retailers with manufacturers became one of the fastest startups to achieve unicorn status in September 2018.

Alibaba, Tencent, JD.com, Meituan, Pinduoduo, and Didi have been summoned by the regulators.