Tag "bigbasket"

Presenting the Big 4 of Indian Retail

By : Sunil Rajguru

There are two things to note in Indian retail. One is that the mom and pop stores will survive. That much is clear. But there is not much space in the middle. Consolidation is happening in a big way at

Tata Group to buy 68% stake in BigBasket for over $1 billion: Report

By : CIOL Bureau

Tata group will buy a 68% stake in Alibaba-backed online grocery startup Bigbasket. The transaction will complete for about Rs 9,500 crore ($1.31 billion). The will translate into an enterprise value of Rs 13,500 crore for Bigbasket. Apparently, ET has

BigBasket raises $300M led by Alibaba

By : CIOL Writers

Bangalore based online grocery delivery startup BigBasket has has raised $300 million in a fresh funding round led by Chinese e-tailer Alibaba. The funding round also saw participation from other investors such as UAE-based private equity investor Abraaj Group, Sands Capital,

Paytm Mall in talks to invest $200mn in BigBasket: Report

By : CIOL Writers

Alibaba-backed online marketplace Paytm Mall is in talks to invest $200 million in online grocery retailer BigBasket, reports Economic Times citing two persons in the know of things. Notably, BigBasket had also been in talks with e-commerce giant Amazon for a potential buyout

Amazon sets its eyes on food retail in India with a proposed investment of $500mn

By : CIOL Writers

Indian government has approved Amazon’s proposed $500 million investment in India’s food retail segment, according to PTI report. It is a separate investment from the $5 billion which it had already committed to invest in India. Citing a government official, the news agency

Amazon reportedly in talks to buy Big Basket

By : CIOL Writers

Jeff Bezos-led Amazon may acquire the hyperlocal delivery service Big Basket to get an upper hand in the market, according to a Bloomberg report. The discussions are at an early stage and may or may not lead to a sale,

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