Bigbasket
Bigbasket News
Tata group to acquire 68 percent stake in BigBasket for Rs 9,500 crore, say sources
BigBasket had raised US $150 million from Mirae, Alibaba and CDC Group in March 2019, which placed the Bengaluru-based company in the unicorn club
BigBasket data breach exposes data of 2 crore users in dark web, cybersecurity firm Cyble reveals
The data put on includes names, email IDs, password hashes, contact numbers, addresses, date of birth, location, and IP addresses of login among many others.
Bigbasket faces potential data breach; details of 2 crore users likely to have been leaked, put for sale on dark web
Cyber intelligence firm Cyble said it found the database of Big Basket being sold for over US $40,000, with a details like names, email IDs, password hashes, contact numbers
Govt rejects Flipkart's proposal for entering food retail sector, company says will re-apply
The Department for Promotion of Industry and Internal Trade (DPIIT) has rejected Walmart-backed Flipkart’s proposal seeking approval for entry to the food retail sector citing a regulatory issue, an official said on Monday
EV startup Euler Motors raises Rs 20 cr as part of Series A funding; to use money to expedite product, technology
Earlier, as part of its pre-series A round, Euler Motors had raised Rs 15 crore from Blume Venture, US based Emergent Ventures and Andrew Lee. With this series A, Euler Motors has so far raised more than Rs 35 crore.
Facebook invests $5.7 billion in Reliance Industries Jio Platforms; plans digital services for Indian grocers
The deal for 9.99 percent of Jio Platforms, which houses the telecoms unit Jio Infocomm as well as other news, movie and music apps, gives Jio Platforms an enterprise value of about $66 billion, Reliance said.
Govt's new foreign investment rules aimed at China to include Hong Kong too; inflows from both to be scrutinised in same manner
The new rules are seen slowing down investment timelines and straining Indian startups that get regular funding from major Chinese companies, especially when the coronavirus outbreak has already hit them hard.
Google, Uber, IBM among several US firms willing to share resources to help India fight coronavirus outbreak
Resources to fight COVID-19 range from providing free digital education platform, donating face masks, boosting up ventilator production to converting shipping containers into ICU.
Coronavirus Outbreak: Grofers to hire 5,000 people over two weeks; will ramp up capacity to meet spike in orders
Online grocery platform Grofers is looking at hiring 5,000 employees to ramp up its capacity to meet the spike in orders amid the nationwide lockdown
More business houses join fight against COVID-19; JCB India partners with Asian Institute of Medical Sciences
JCB India has made a commitment to fund PPEs, medicines, testing kits, security suits and consumables for doctors and healthcare workers.
Coronavirus Outbreak: BigBasket to hire 10,000 people for warehouses, delivery to clear pending orders quickly
Online grocery platform BigBasket is looking at hiring 10,000 people for its warehouses and last-mile delivery to clear pending orders quickly and meet the spike in orders on account of the nationwide lockdown
BigBasket acquires milk delivery app DailyNinja for Rs 48 crore to strengthen business in Bengaluru
BigBasket has taken over Bengaluru-based milk delivery app DailyNinja. The online grocery delivery company will now have access to DailyNinja's network of 2,000 milkman partners across India
Flipkart suspends services as India lockdown impedes online grocery deliveries
Amazon India’s pantry service that delivers groceries was also not available in several cities.
Grofers, BigBasket see orders soaring as coronavirus lockdown shuts malls in multiple cities
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
Grofers loss widens to Rs 448 cr in FY19; firm says on track to double GMV to Rs 5k cr in FY20
SoftBank-backed Grofers reported widening of its loss to Rs 448 crore in 2018-19 financial year, while its income rose by over 56 percent from the previous fiscal, according to regulatory documents filed by the company
Bigbasket gets Rs 100 cr venture debt from Trifecta Capital, funds to be used for working capital, capex needs
Bigbasket, which has raised about $150 million from South Korea's Mirae Asset Management, UK's CDC Group, and existing investor Alibaba earlier this year, had taken venture debt from Trifecta Capital in 2017.
Amazon expands Pantry to 110 Indian cities as it bets big on grocery category to drive growth in business
E-commerce major Amazon.in on Thursday said it has expanded its 'Pantry' service to over 110 cities in the country as it bets big on the grocery category to drive growth in business
Online grocery retailer Grofers raises over $200 mn led by SoftBank Vision Fund
Online grocery retailer Grofers on Wednesday said it has raised over $200 million (over Rs 1,400 crore) in funding, led by SoftBank Vision Fund
BigBasket to invest $100 million to strengthen supply chain, will set up vending machines and distribution centres across cities
BigBasket had recently raised $150 million in funding, led by Mirae Asset-Naver Asia Growth Fund, CDC Group and Alibaba Group.
BigBasket raises $150 mn from South Korea's Mirae, China's Alibaba and UK's CDC Group
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