Tag "bigbasket"

Online grocery retailer BigBasket gets Rs 45cr venture debt from Trifecta Capital

By : CIOL Writers

Online food and grocery portal Bigbasket has raised Rs 45 crores of venture debt from Trifecta Capital. The funds will be used to meet the CapEx requirements of the Company including setting up new warehouses, strengthening the cold chain and setting up

Amazon to foray into India’s online grocery segment

By : CIOL Writers

To further push India’s thriving online grocery selling domain, the global e-commerce giant, Amazon has applied for a wholly-owned food venture to the government of India that will allow the platform to stock locally produced food items and sell them

BigBasket & Grofers reportedly exploring a merger

By : CIOL Writers

Online grocery marketplaces BigBasket and Grofers India Pvt. Ltd are holding discussion for a possible merger, according to a news report by the Times of India. Apparently, the discussions are in the preliminary stages only and if the deal goes

Big Basket seeking govt approval for Rs 100cr FDI

By : CIOL Writers

Aiming to further broaden its horizons and expand its business, online grocery store BigBasket is seeking government’s approval to infuse Rs 100 crore foreign direct investment. The company, which sells everything from fruits, vegetables to other grocery products online, plans

Govt allows 100pc FDI in grocery startups like Bigbasket & Grofers

By : CIOL Writers

Giving a much-needed boost to retailers and grocery startups such as Bigbasket and Grofers, the government has allowed 100 percent FDI in food retail, including through e-commerce, provided such items are produced, processed or manufactured in the country. This new