Albinder Dhindsa is the Co-founder and CEO at Blinkit(formerly known as grofers). His net worth is estimated at about 30 to 65 million USD, according to reports. It is an online delivery facility for everyday needs such as grocery, bakery items, flowers, fruits, and vegetables. Apart from these, Grofers also provides delivery services for baby care products.
Albinder Dhindsa (age 40) is from Patiala, Punjab. Dhindsa did his graduation from IIT-Delhi and MBA from Columbia University.
After completing his education he began his career as a transportation analyst at URS Corporation in 2005. After working for two years, he joined Cambridge Systematics as a Senior Associate and went on to work with the same organization for three years. In 2010, Dhindsa decided to quit his job and pursue his MBA from the United States. During his time in the United States, he joined UBS Investment Bank in 2011 for a duration of 3 months.
Before starting up, the CEO of Grofers, Albinder Dhindsa, worked for Deepinder Goyal’s Zomato from December 2011 till May 2014 as its Head of International Operations.
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Grofers was started by him in December 2013 when he spotted the gap that existed in the area of transition between merchants and customers in the logistics and delivery space and decided to address the problem.After seven years of operations as an online grocery delivery service, Blinkit introduced express grocery delivery in India, by building dark stores across cities. In July 2021, the company reported delivering over 7000 groceries in 15 minutes in Gurgaon. A month later, in August 2021, it introduced 10-minute delivery in the top-12 cities, after completing over 20,000 under-15-minute deliveries per day across 10 cities.
On December 13, 2021, Grofers changed its brand name to Blinkit in line with its vision to embrace quick-commerce.
“We were doing it [rebranding and focusing on faster delivery] out of the mind that we either out-innovate [sic] ourselves, or we will become redundant,” founder and chief executive Albinder Dhindsa told Business Insider.
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“Once upon a time, a few months ago, we started on a journey to build the future of commerce with 10 minute delivery of most of the stuff our customers need in their daily lives. Today, we already process over a million orders a week, across 12 cities in India. And this is just a start," said Dhindsa in a company blog.Grofers had attained unicorn status or $1 billion in valuation, after raising over $120 million from food aggregator Zomato Ltd. and existing investor Tiger Global Management as a part of an ongoing raise, earlier this year, according to media reports.
Blinkit is an instant grocery delivery service app. It was founded in December 2013. Blinkit was founded in December 2013 by Albinder Dhindsa and Saurabh Kumar as Grofers.
Grofers was rebranded as Blinkit to indicate its focus on the fast-growing quick commerce space in India.
