Bigbasket

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

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

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.

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