Page 2 - Bigbasket

BigBasket co-founder Abhinay Choudhari launches tech-led laundry service

BigBasket co-founder Abhinay Choudhari has launched LaundryMate as his next venture aimed at solving the household laundry chore and tapping a $15 billion opportunity by 2025

BigBasket FY22 revenue up 17% to Rs 7,119 cr, loss widens 4x to Rs 813 cr

BigBasket expects GMV to grow 30% to Rs 13,000 cr in FY23 with quick commerce push; will scale up offline stores from 90 to 695 in a year, will double footprint to 70 cities

HDFC Life invests in 'Z3Partners Tech Fund' to aid digital entrepreneurs

Z3 Partners has already backed startups like Cyfirma, DealShare, Gramophone, Shipsy, and True-Fan

All the world's a stage for unicorns

In 2021, when the buzz is around start-ups going for IPOs and celebration of Indian entrepreneurship, it's also time to acknowledge the role of global players in the journey to stardom

BigBasket eyes 30% rise in GMV to Rs 13,000 crore this fiscal

BigBasket co-founder and CEO Hari Menon said that the company will significantly scale up offline stores from 90 to 695 in a year to reach out to 100 per cent of its customer base.

Online grocery seller BigBasket acquires Kerala startup Agrima Infotech

Indian online grocery seller giant BigBasket acquires enterprise business unit of a deep-tech company incubated by Kerala Startup Mission (KSUM) with a view to transform offline retail in the country.

BigBasket establishes presence in 18 tier-2 and 3 cities across India

The expansion of BigBasket's coverage is also taking place in the form of Fresho stores, the physical retail outlets established by the company

Flipkart tops Fairwork India Ratings 2021, Urban Company comes in second

Flipkart is followed by Urban Company, Asia's largest home services marketplace and Tata-owned online grocer BigBasket.

Tata-owned BigBasket enters offline grocery, will invest up to Rs 400 cr

It plans to expand its footprint to 200 physical outlets pan India by 2023 and 800 by 2026

Bigbasket forays into offline retail; unveils Fresho store in Bengaluru

The launch is part of the company's vision to open 200 physical outlets pan India by 2023 and 800 by 2026

Fire at online grocery store BigBasket's warehouse in Pune; no casualty

A fire broke out at a warehouse of the online grocery platform BigBasket in Maharashtra's Pune district, gutting the property, but there was no report of any casualty, fire brigade officials said

Flipkart, Amazon, BigBasket witnessing spectacular growth: PhonePe CEO

As the acceptance of digital payments have exploded in the country, Walmart-owned PhonePe is expecting its userbase to grow from 300 million to 900 million by 2026

'Not plug and play': Amazon, Flipkart struggle to meet EV goal in India

Delivery giants find there aren't many models available that can be deployed at scale, and what supply there is can't keep up with demand.

BigBasket co-founder makes a silent exit, plans to build new business

Abhinay Choudhari is building his laundry offering on affordability and a quick turnaround time of 24 hours

TCPL to work closely with BigBasket to drive 'win-win' synergies: CEO

FMCG firm Tata Consumer Products Ltd (TCPL) will work "very closely" with BigBasket, recently acquired by the Tata Group, to drive win-win synergies, according to company's MD and CEO, Sunil D'Souza

No cyber breach into National Informatics Centre email system, says govt

The email system is "totally safe and secure", the Ministry of Electronics and IT said

SoftBank Group may invest $700 mn in Flipkart after exiting firm in 2018

Techy conglomerate investing in Flipkart at a time when Reliance Industries and Tata are betting big on e-commerce as well.

Tata Group acquires majority stake in BigBasket to cement play in groceries

Deal done through subsidiary Tata Digital Ltd; green signal from CCI came last month

Tata Digital buys majority stake worth $1.31 bn in online grocer BigBasket

India's antitrust body had in March approved the acquisition of up to a 64.3% stake in BigBasket by Tata Digital

M&A deals move into slow lane as investors worry about Covid fallout

Bankers say sale of Lavasa Corp, currently under bankruptcy, and RCap and Reliance Naval deals will be delayed, as bidders are re-thinking plans