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Logistics Startup Baxi-Fresh Raises 2 Crore INR

3Apr By AdityaNo Comments

FUNDING

Logistics Startup Baxi-Fresh Raises 2 Crore INR

Delivery start-up Baxi-Fresh has raised Rs 2 crore from its existing investors, including Alok Mittal, founder and CEO of Indifi Technologies, Nitin Singhal, a UK-based angel investor and Mahendra Pratap, founder and CEO of Shiksha Infotech. The company said it aims to use the funds to expand and launch its delivery services in 200 residential neighbourhoods in Gurugram and New Delhi by July this year. "With this bridge investment we will quickly scale our operations. The money will be used to hire key team members, market the service and strengthen our operations as we gear up to cover the entire Delhi-NCR region over the next few quarters," Baxi-Fresh founder and CEO Ashutosh Johri said. Baxi-Fresh employs part-time delivery staff who deliver milk, groceries and other household ...

Mother Dairy Launches Aadhar Enabled Payment System at Booths

31Dec By PriyankaNo Comments

News

Mother Dairy Launches Aadhar Enabled Payment System at Booths

To promote cash less transactions, Mother Dairy Fruit & Vegetable Pvt Ltd today introduced Aadhar enabled payment system in more than 1,000 milk booths and 'Safal' retail stores. This service would now be available in addition to the existing modes like E-wallets and SmartChange Cards. "The decision to introduce Aadhar Enabled Payment System (AEPS) was taken by the company officials on December 27, 2016 and was implemented in more than 1,000 Booths in record 3 days," the company said in a statement. The service was commissioned in association with CSC e-Governance Service India Ltd under the aegis of Department of Electronics and Information Technology (Deity). "The AEPS mode of payment is one of the easiest mode of transaction as it does not require any physical cash or ca...

AskMe Grocery Targets Rs 1,800 cr GMV By March

15May By Press Trust of IndiaNo Comments

BUSINESS

AskMe Grocery Targets Rs 1,800 cr GMV By March

Confident of the success of online sale of groceries, AskMe Grocery has said it expects the value of merchandise sold through its platform to touch Rs 1,800 crore by March next year. The growth is expected to come on the back of addition of new partners and expansion of its fresh food category, AskMe Grocery Co-founder Ankit Jain told PTI. "Grocery online has a lot of potential when the business is at a scale. We have been doing well and our average cart size is about Rs 1,900 and we are already processing 20,000 orders daily. The hyperlocal delivery model has really helped us," Jain said. He further said the company works with kirana store owners to offer convenience, comparison and more deals for the consumers. "We expect our annual GMV (by the end of March 2017) to touch Rs 1,800 c...

Mother Dairy Eyes Rs 10,000-cr Turnover in 3 yrs

15May By AnkitaNo Comments

BUSINESS

Mother Dairy Eyes Rs 10,000-cr Turnover in 3 yrs

Leading milk supplier of India, Mother Dairy is eyeing to cross Rs 10,000 crore turnover mark in next three years on rising demand for dairy products as well as fresh and processed fruits and vegetables. Mother Dairy, which supplies about 30 lakh litres of milk in the national capital region has posted a turnover of Rs 7,186 crore during last fiscal, out of which about 75 percent is from its dairy business. "We are aiming for more than Rs 10,000 crore turnover by the end of FY19 with expected rise in sales across all the segments," Mother Dairy MD S Nagarajan said. In a bid to expand its market, Mother Dairy is in the process of establishing a 25,000 tonnes per year integrated food and vegetable processing plant in Ranchi at an estimated cost of Rs 75 crore. The freezing line will ha...

Paytm Enables Cashless Payments at ‘Mother Dairy’ Booths

13May By AnkitaNo Comments

News

Paytm Enables Cashless Payments at ‘Mother Dairy’ Booths

Paytm, India's leading payments company, has partnered with Mother Dairy, a wholly-owned subsidiary of the National Dairy Development Board (NDDB) to enable customers to make cashless payments through their Paytm wallets across 100+ Mother Dairy Milk Booths. Paytm wallet has become a default mode of payment for customers for a wide variety of services in the country including taxi rides, food ordering, and money transfers etc. The association with Mother Dairy will further help the digital wallet to cement its position as the preferred way to transact across offline and online platforms. "Paytm is focused on creating solutions for everyday payment use cases for Indians. Starting from the morning milk supply to all other everyday necessities, it is our mission to make everyday payments ...