This trend was observed not just in the big cities, but also tier-1,2,3 towns, a survey by community led social media platform LocalCircles has found
Deal done through subsidiary Tata Digital Ltd; green signal from CCI came last month
Plans to add over 800,000 sq ft of space through 5 new fulfilment centres over the next three months, in Delhi, Kolkata, Chennai, Coimbatore and Hyderabad
With this, Tata Digital will buy 64.3% stake in Supermarket Grocery Supplies and also be sole control over Innovative Retail Concepts, which runs BigBasket's online retail biz
Tata Digital can acquire up to 64.3 % of the total share capital of Supermarket Grocery Supplies Private, which owns the online grocer.
E-commerce rules should be stable and equitable
The deal, if approved, would put Tata in direct competition with Amazon, Walmart's Flipkart
Bigbasket's issue is with use of the word 'basket' by Coimbatore-based startup; the latter responds by creating website to counter the former's argument
The deal is the biggest in online groceries space so far, values BigBasket at Rs 13,500 cr; will give exit to investors Alibaba, Abraaj and IFC
BigBasket top management are likely to stay on for three to four years, the report said
The move would enable the e-commerce giant to simplify the grocery shopping experience for customers.
Amazon India said it is integrating its 'Pantry' and 'Fresh' services in cities, including Delhi, Bengaluru, Ahmedabad and Mysore, to offer a simplified grocery shopping experience to customers.
Two recent steps, both by the original posterboy of e-commerce, Flipkart, make it clear that we've come full circle on grocery
The firm, which is soon to be acquired by the Tata Group, saw its total expenses widen 31 per cent from Rs 3,376 crore in FY19 to Rs 4,433 crore in FY20
BigBasket, has seen its consolidated losses widen to Rs 611 crore, even as revenue from operations increased 37.7 per cent to Rs 3,794.1 crore in FY20.
The Gurugram-based firm is expecting its GMV to touch around Rs 30,000 crore by 2022 as the coronavirus pandemic has accelerated the shift towards online grocery
As the e-commerce battle intensifies in India, with Reliance Retail's JioMart being the latest major entrant with a potential to disrupt the space, the next big thing is delivery of groceries online
Small retailers are chary about integrating digitally with larger players on grounds that it will give them access to their customer bases
Growing demand for value-for-money products and higher margins make this a profitable growth option
Online grocer BigBasket saw huge expansion on the back of lockdown restrictions but it had to first cope with logistics and back-end services to stay on course