November 21st, 2018The 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...
June 19th, 2018Grocery 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...
May 30th, 2018While 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...
May 29th, 2018After witnessing a behemoth $16 billion acquisition by US giant Walmart, Flipkart is set to take over welltrenched rivals in the grocery marketplace bringing head-on competition for mammoth players Amazon India, Grofers and BigBasket.
According to the sources, the Indian retailer is planning to launch grocery services in 5 cities by...
May 8th, 2018BigBasket, 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...
March 30th, 2018BigBasket was able to double its revenues from its wholesale arm in FY17 to Rs 1,176 crore compared to the Rs 563 registered in the previous fiscal year, according to documents from the Ministry of Corporate Affairs, reported by the Economic Times.
BigBasket generates revenues from two registered operating units. Through an entity...
March 16th, 2018Gurgaon 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...
March 5th, 2018While 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...
February 2nd, 2018Alibaba'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...
December 8th, 2017Alibaba 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...
November 10th, 2017Chinese e-tailing giant Alibaba has been reported seeking formal approval Competition Commission of India(CCI) to acquire substantial stakes in the Indian online grocery startup BigBasket.
Earlier in July, Alibaba and SoftBank backed Paytm initiated a discussion to acquire stakes by investing $200 million in the online grocer....
