
Blinkit, Zepto, Instamart, JioMart, DMart: Jefferies orders groceries to find best discounts
Quick commerce players offer the lowest discounts due to their focus on convenience.
Quick commerce players offer the lowest discounts due to their focus on convenience.
The net loss of the food and grocery delivery platform widened due to sharp rise in expenses, which spiked to ₹9,748.7 crore, from ₹4,292.8 crore a year ago.
The buzz around 10-minute delivery is so strong that almost all top food delivery startups – Zomato, Swiggy, Ola, Zepto, Blinkit, BigBasket – have now come up with their version of quick commerce.
The 142% growth in the group holding company's profits will be ploughed into new digital and electronics businesses.
Hit by the pandemic, the air cooler maker’s net profit declined 41% in FY21. However, the company’s international business managed to arrest the domestic impact to some extent, says CMD, Bakeri.
The Tata group, one of India’s oldest conglomerates, recently acquired a majority stake in BigBasket, one of the biggest players in the booming e-grocery space. But the competition is stiff.
Ashwin Suresh, Aditi Shrivastava, and Anirudh Pandita quit their Wall Street jobs to create Pocket Aces. Today it runs the country’s largest socially distributed content network.
The digital acquisitions are all fine. But can N. Chandrasekaran manage the paradox of integrating them and yet not integrating them?
Ashish Dave, who started his VC journey as an intern less than nine years ago, has overseen the investment of around $200 million into companies such as Ola, BigBasket, and Zomato.
Tata Digital—which picked up a majority stake in BigBasket last month—named Mukesh Bansal, co-founder and CEO of the Bengaluru-based health and wellness startup, as its president.