BigBasket

Dhanteras 2024: Quick commerce platforms are offering 10-min delivery of gold from major jewellers including Tanishq and Malabar amid the festive rush

As the festive season approaches, India's gig economy is set to create around one million jobs, driven by demand in e-commerce, retail, and logistics, with a notable rise in female participation

Booming gig economy, dismal pay: Fairwork report reveals only two out of 11 major online platforms ensure their workers earn at least the local minimum wage after deducting work-related expenses

Quick commerce, the burgeoning segment that promises rapid deliveries, is set to contribute $1 billion in gross merchandise value (GMV) to the festive sales

This is much higher than Blinkit's 25,000 SKUs and Zepto's 10,000 SKUs. Zepto has stated that it intends to increase SKUs on its platform to 20,000 before the festive season begins

BigBasket's strategy involves the deployment of 500-600 dark stores nationwide, which will work alongside its large warehouses

BB Matrix will provide three SaaS verticals - a Warehouse Management System (WMS), a Transport Management System (TMS), and an Order Management System (OMS)

Tata 1mg received board approval for offline expansion, which will be funded through debt, while BigBasket plans to raise $80-100 million through a mix of equity and debt

Swiggy Instamart, Zomato's Blinkit, BigBasket's BBNow, and Zepto may begin delivering smartphones and kitchen appliances by November this year

Reliance's JioMart may begin offering deliveries within the next month, completing deliveries within 30 minutes

iD Fresh Food's sales from traditional e-commerce sales have declined by 25 per cent in the last two years

A complaint has been filed against e-commerce major Flipkart and Tata Group firm BigBasket for allegedly making delivery boys work on the day of voting on April 19 in the state. In the complaint filed before Tamil Nadu state election commissioner B Kothi Nirmalasamy on Wednesday, Chennai High Court lawyer K Narasimhan has stated that despite the state government declaring leave of April 19 for the election day, Flipkart and BigBasket are promising guaranteed delivery of orders even on the day of voting. Narasimhan said that as per government order April 19 has been officially declared a public holiday under section 25 of the Negotiable Instruments Act 1881 to facilitate the electoral process. He said that the Labour Welfare and Skill Development Department of Tamil Nadu has mandated a paid holiday for all employees working in shops, commercial establishments, industrial establishments and IT companies on April 19 to ensure their participation in the democratic process. "Despite the

Part of Tata Digital, the firm will turn profitable in another 6-8 months once the newly-launched 'BB Now' vertical turns profitable

Online grocery delivery firm Innovative Retail Concepts, which operates as BigBasket, has posted widening of loss to Rs 1,535 crore for 2022-23, according to details shared by Tofler. Tofler said the loss of BigBasket increased by 89 per cent, implying the company had posted a loss of around Rs 812 crore in 2021-22. The company's revenue increased by 5 per cent to Rs 7,462 crore. "The company further reported a net loss of INR 1,535 cr during the same fiscal. This is 89 per cent increase from the last financial year. The company's total expenses for the fiscal were reported as Rs 8,998 crore," the report said. BigBasket declined to comment on the report.

Blume Founders Fund and several HNIs, including Ola co-founder Ankit Bhati, participated in the pre-Series A round

Technology company Zoho Corporation on Tuesday said it has implemented a custom-built capex procurement ERP software Zoho Creator to online grocery seller BigBasket. The cloud-based customer enterprise resource planning (ERP) software has helped BigBasket to enhance its operational efficiency, streamline the processes, and significantly cut costs thereby saving Rs 3 crore in six months. "With this solution, BigBasket has reduced the time taken to complete tasks by 50 per cent. It aims to utilise app development platform Zoho Creator's AI capabilities for the larger digital transformation and to replicate the solution for its operational expenditure model soon," the company said. BigBasket said it processes around five lakh orders per day and in the previous conventional model resulted in limiting visibility into the projected budget versus the actual budget. Capex procurement ERP with Zoho Creator removed the need for manual intervention, integrated business systems, and enabled ..

BigBasket served a total of 8.5 million households enabled by a fleet of 35,565 delivery partners

Controlling about a third of India's online grocery market, Bigbasket was acquired by Tata last year

"Bigbasket" has been used by over 75,000 users in India as their password, and it would take about 5 minutes for hackers to crack it, a report by NordPass showed

The infusion of fresh capital comes at a time when the company is aiming to expand its core offerings to compete with competitors like Dunzo, Zepto, Swiggy Instamart and others