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Bigbasket Data Breach, Data of 20 million users put on Dark Web

9Nov By AdityaNo Comments

News

Bigbasket Data Breach, Data of 20 million users put on Dark Web

New Delhi, Nov 8, 2020: India's leading online grocery platform Bigbasket faces a potential data breach that could leak the details of its 20 million users, according to cyber intelligence firm Cyble. The company has filed a police complaint in this regard with Cyber Crime Cell in Bengaluru and is verifying claims made by cyber experts. The cyber firm said that a hacker has put data allegedly belonging to Bigbasket on sale for around $40,000 (Rs 30 lakh). "In the course of our routine dark web monitoring, the research team at Cyble found the database of Big Basket for sale in a cybercrime market, being sold for over USD 40,000. The leak contains a database portion; with the table name ''member_member''. The size of the SQL file is about 15 GB, containing close to 20 million user d...

27May By AdityaNo Comments

INDIA

JioMart Launched Operation in 200 Indian Cities

Mumbai, May 26, 2020: Reliance online grocery service JioMart launched its delivery services in nearly 200 cities of India. The delivery services of Jiomart was initially launched in Mumbai after receiving big funding from Facebook and four other investors. But as we have checked the website the service is not fully operated, most of the products are out of order. JioMart will use Facebook-owned Whatsapp to make the online retail experience accessible to many more Indians and towns for daily needs order. "Never waste a crisis, they say!" tweeted Damodar Mall, chief executive of grocery retail at the company. "A wise colleague mentioned today, 'Alibaba also flourished starting from the SARS crisis,'" he added. Now JioMart is the only active delivery service in Indian small c...

17Mar By AdityaNo Comments

INDIA

Indian Online Grocery Platforms Order Surges Amid Coronavirus Threat

Indian online grocery platforms Grofers and BigBasket are witnessing up to two-fold growth in purchases as authorities in multiple cities close malls and shopping places to contain the coronavirus pandemic. The e-tailers said they are shoring up supplies amid the sudden increase in demand due to panic buying across a number of cities in the last couple of days. These companies are witnessing very high demand for products in the personal hygiene category as well as immunity boosting items such as honey and ayurvedic products. "In the last couple of days we have seen what we may call panic buying across a number of cities and categories. Cities like Mumbai, Bangalore, Pune and Ahmedabad have seen a higher surge with nearly 80 per cent growth followed by Delhi NCR and Hyderabad at a ...

BigBasket raises $150 million from Alibaba and Others

29Mar By PriyankaNo Comments

FUNDING

BigBasket raises $150 million from Alibaba and Others

Mirae has pumped in about $60 million, while CDC and Alibaba have infused $40 million and $50 million, respectivelyBigBasket has previously stated that it aims to garner $2.5 billion (around 17,500 crores) in revenue by 2020. New Delhi: Online grocery platform BigBasket has raised about $150 million from South Korea's Mirae Asset Management, UK's CDC Group, and existing investor Alibaba, according to regulatory filings. BigBasket had raised $300 million in February last year from Alibaba and others. In November, it had said it was looking at raising fresh funds of up to $200 million. Mirae has pumped in about $60 million, while CDC and Alibaba have infused $40 million and $50 million, respectively, according to documents filed with the corporate affairs ministry. The grocery se...

BigBasket Aims 40% Revenue from Private Labels Next Fiscal

21Nov By Gauri SinghNo Comments

BUSINESS

BigBasket Aims 40% Revenue from Private Labels Next Fiscal

The online grocery player BigBasket that aims to be a billion-dollar company by the next fiscal year, is expecting 40 percent of its projected revenue to come in from its private labels. The company is expecting to clock Rs 3,500 crore in sales this fiscal year, up from Rs 2,000 crore last year. "Private labels are around 34 per cent of our business now and we plan to scale this to 40 per cent in about a year. The incremental 6 percentage points of revenue will come from non-fruits and vegetables and non-staples," said BigBasket co-founder and chief executive Hari Menon. The Bengaluru-based company is also looking to add a lot of categories to the private labels vertical. BigBasket said that the FMCG sales overall (food and non-food) contributes over 50 per cent of its business...

BigBasket in Talks to Acquire Vending Startup Kwik24

19Jun By Lavina TolaniNo Comments

News

BigBasket in Talks to Acquire Vending Startup Kwik24

Grocery retail major, BigBasket is eyeing acquisition in smart vending machine startup Kwik24 in a bid to expand its offline presence and strengthen its position against existing players Flipkart and Amazon. The reported development has come just after Alibaba backed company announced a pact with Kwik24 to deploy smart vending machines in five apartment buildings in Bengaluru. A source familiar with the matter said, The strategy is to have Kwik24 work full-time on customised vending machines for BigBasket as they look to scale up this model. The response to these pilots was positive with over 90% of repeat customers. Meanwhile, a news had surfaced earlier regarding Big basket eyeing major stakes in milk delivery company RainCan. The idea behind this acquisition is to increase the f...

Amazon’s India Re-brands Grocery Service to ‘Prime Now’

30May By Lavina TolaniNo Comments

News

Amazon’s India Re-brands Grocery Service to ‘Prime Now’

While yesterday we reported Flipkart foraying into grocery market to rival BigBasket and Grofers, another news today has surfaced that E-commerce giant Amazon is aggressively ramping up selection for grocery on its platform and focussing on speedier delivery to capture its hold in the grocery venture. The grocery wing of the online e-tailer has been rebranded Prime Now, with the company offering a two-hour express delivery option to members of its Prime subscription service. Amazon's announcement has come in the wake of Flipkart also strengthening its plans to enter grocery segment. The Amazon Now Service will be called as "Prime Now" and will have investments in the chill chain for products like fresh fruits, vegetables and dairy. The service limited as an app-only-service as of ...

BigBasket Seeks $500 Mn Funding to Battle American Giants

8May By Sheldan RungasamyNo Comments

News

BigBasket Seeks $500 Mn Funding to Battle American Giants

BigBasket, India’s leading startup in the online grocery market segment is holding talks with its existing investors to raise capital worth $500 million to compete with e-commerce market leaders Amazon and Flipkart (post-Walmart acquisition). BigBasket already raised a colossal $300 million funding led Alibaba Group Holding Ltd and others in February and are now beginning negotiations to raise between $300 to $500 million from the Chinese conglomerate and new investors, according to three anonymous sources close to the company. Although BigBasket is also holding talks with new investors, the sources believe that most of funds will be raised entirely from existing investors and majorly Alibaba. BigBasket is not in need of any additional funds right now, but it wants to be prepared ...

Grofers Raises 400 Crore from Softbank & Others

16Mar By NitishNo Comments

FUNDING

Grofers Raises 400 Crore from Softbank & Others

Gurgaon based online hyperlocal market startup Grofers raises 400 crore funding from Japanese conglomerate SoftBank Group, Tiger Global, and Apoletto Asia. The Grofers has raised so far $226.5 million funding. However the early investor in Grofers, Sequoia Capital will not participate in this round. Pixr8 news was the first platform which discloses about this deal earlier. Using Series E round funding, the company will continue to invest in building private labels and supply chain improvements. A significant amount of investment will go towards building infrastructure and technology and efficient supply chain management to achieve deeper penetration in existing Grofers cities. "This fresh round by our existing investors is a vote of confidence and trust in the turnaround at ...

BigBasket Goes Offline, Will Open its Retail Stores

5Mar By Sheldan RungasamyNo Comments

News

BigBasket Goes Offline, Will Open its Retail Stores

While almost every companies try to move their offline business online, BigBasket is trying the opposite approach. One month after $300 million funding round by Chinese multinational Alibaba, BigBasket is looking to cash in on the offline market by implementing kiosks that will stock fruits, vegetables and other daily grocery items. The offline kiosks will be mostly set up around residential areas and office centers. BigBasket is looking to further implement themselves in the lives of their customers by putting forward a subscription programme for daily requirements such as milk and bread. This system will also increase the purchasing frequency of the users. They have already started a trial for this new service on a separate app called BB instant. Hari Menon, founder and CEO of BigB...

Alibaba and Ant Financial Invested Net $500M in Zomato and BigBasket

2Feb By RishabhNo Comments

FUNDING

Alibaba and Ant Financial Invested Net $500M in Zomato and BigBasket

Alibaba's payment affiliate- Ant Financial has invested $200 million in restaurant discovery and food ordering app Zomato, latest stock exchange filings by Zomato's largest stakeholder- InfoEdge revealed. InfoEdge currently holds 45% stake in Zomato, and informed Bombay Stock Exchange on Thursday that the funding round includes a $50 million secondary share sale to Ant Financials, which will dilute its stake in Zomato to about 30.9% post the capital infusion. The primary and secondary shares of Zomato,value it at $880 million pre-money, according to the statement filings. Pixr8 reported in Semptember that Zomato may receive a $200 million funding from China’s payments giant Ant Financial Services Group, valuing it around $1 billion. “The expected date of completion of sale/disp...

Alibaba To Invest $300M In Grocery Delivery Startup BigBasket

8Dec By Press Trust of IndiaNo Comments

FUNDING

Alibaba To Invest $300M In Grocery Delivery Startup BigBasket

Alibaba will pump in up to USD 300 million in online grocery player, BigBasket, according to industry sources. The deal, which is expected to be announced in the next few weeks, will give BigBasket more muscle to compete against rivals like Grofers and e-tailing giant Amazon, they said. The sources did not wish to be identified as the discussions are private. BigBasket and Alibaba did not respond to emails. In November, the Chinese e-commerce major had sought approval of the Competition Commission of India (CCI) for acquiring stake in BigBasket. Investing in BigBasket would help Alibaba add more muscle to take on US-based rival Amazon, while for Paytm, the move would further strengthen its play in the Indian e-commerce space. Amazon India has received governments approval...