Covid-19: Lockdown slows down online grocers
E-commerce firms delivering essential commodities faced many hassles on Day One of the 21-day national lockdown; they’re working with local authorities to resolve the issues.
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bigbasket acquires milk-delivery startup DailyNinja
With the latest acquisition, bigbasket aims to grow its business by about 200% in the next 12 months. Alibaba-backed bigbasket forayed into the milk-delivery space in 2018.
Warehousing, southern markets on Grofers’ mind
CEO Albinder Dhindsa says the company is planning to spend the money it raised earlier this year in acquiring more customers in the south and warehousing development.
Calling it a day, Jack Ma style
Jack Ma, who stepped down as Alibaba chairman on September 10, has set a strong precedent for entrepreneurs on succession planning and giving back to society.
E-tailers push for electric mobility in India
While usage of electric vehicles is still at a nascent stage in the country, online retailers such as bigbasket, Grofers, and Flipkart are ramping up their EV fleet for last-mile delivery.
Bigbasket gets ₹100 crore in venture debt from Trifecta
The firm will use the funds to meet its working capital needs; it will also use it to set up new warehouses and scale up the supply chain of its recently launched milk subscription business.
BigBasket raises $150 million, joins unicorn club
South Korea’s Mirae-Naver, U.K.’s CDC also invest in owner and operator of the online food and grocery retailer.
BigBasket joins unicorn club
The company is set to raise $160 million in a new funding round from foreign investors, making it the latest entrant to the $1 billion valuation club.
India’s unicorn club set to expand in 2019
A host of startups—including BigBasket, Delhivery, and MobiKwik—are expected to cross the $1 billion valuation mark this year.
Unicorns: Beyond their wildest dreams
2018 belongs to unicorns in India, with eight startups achieving a valuation of $1 billion. As firms continue to attract funding from global investors, the unicorn party is far from over.
