Latest News | One Hour Bazaar Raises Funds for Online Delivery of Grocery
Get latest articles and stories on Latest News at LatestLY. : One Hour Bazaar (1HB), a city-based online supermarket for essentials and groceries, on Saturday said the supermarket successfully raised an undisclosed sum for its online grocery delivery service that was launched last year during the Covid-19 pandemic.
Chennai, Oct 30 (PTI): One Hour Bazaar (1HB), a city-based online supermarket for essentials and groceries, on Saturday said the supermarket successfully raised an undisclosed sum for its online grocery delivery service that was launched last year during the Covid-19 pandemic.
Also Read | 1 TB Internal Phone Memory! Samsung Ready With World's First 1TB Chip for Smartphones.
Conceived by IIT-Bombay alumnus V Vijayakumar, who is CEO of Voice Gear Networks, and IIT-Madras alumnus Madhu Gayathri Vaithiyanathan (promoter), the initiative promises delivery to customer with an hour of the order, a press release said.
S V Raja Vaidyanathan till recently the MD of Asirvad Microfinance Ltd picked up 25 per cent stake and has come on board of the company.
Also Read | 10-0! Jose Mourinho Starts AS Roma Managerial Career in Style by Defeating Serie D Side Montecatini.
The investment would enable to reach out to another one lakh customers by offering online grocery with superior service and at affordable price, Vijayakumar said. The 1HB application offers ease of ordering online grocery backed by faster service delivery, he said.
Vaidyanathan said the business model was highly scalable and would enable to scale business in multiple locations, the release added.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)