CO FOUNDER OF BIGBASKET
Winners of ETSA 2025; and other top tech and startup stories this week
Welcome to a new edition of ETtech Unwrapped — our weekend newsletter packed with the most important stories from this week. Let’s take a look at the recap.
Not just groceries: Blinkit, Zepto & others turn festive bazaars on your phone
Quick commerce platforms in India, including BigBasket, Zepto, and Swiggy Instamart, experienced a surge in sales during Raksha Bandhan and other festivals. These platforms, initially focused on grocery delivery, are expanding into electronics, apparel, and home furnishings, driven by changing consumer shopping patterns.
Small brands teach new tricks to FMCG giants
India's FMCG sector is witnessing a shift as regional brands challenge established giants with innovation and local understanding. These smaller players are gaining market share by catering to specific regional tastes and leveraging quick commerce platforms. Investors are increasingly interested in these agile brands, prompting larger companies to adapt and collaborate to stay relevant.
Capgemini’s $3.3 billion WNS deal; Musk’s American Party
French IT major Capgemini will acquire Indian-origin BPO firm WNS in a $3.3 billion cash deal. This and more in today’s ETtech Top 5.
BigBasket to launch 10-minute food delivery across India by March 2026, executive says
The Tata-backed grocery giant will take on established players such as Swiggy's Snacc, Blinkit's Bistro and Zepto Cafe, which already deliver coffee and ready-to-eat snacks in less than 15 minutes.
YantraLive raises $1 million in seed round from GrowthStory, others
YantraLive, which began operations in 2018, primarily caters to infrastructure firms, fleet owners and servicing workshops. It is backed by serial entrepreneurs Ravi Anand Rao and Umesh Sangurmath.
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Euler Motors bags order for 2,500 units from e-commerce players
"The companies will deploy Euler Motors' EV (electric vehicles) across Delhi-NCR, Bengaluru, Hyderabad and Chennai to transform and strengthen their first, mid and last mile operations," the EV maker said in a statement.
BigBasket gets first tranche of Tata cash at $2 billion valuation
Additionally, the Tata-Bigbasket deal has received the approval of the board of directors of the online grocery, whose largest shareholders — China's Alibaba Group and Actis LLP — have now exited the company.
Bigbasket and iD Fresh Food join hands to launch ready-to-cook brand iD Fresho
This move comes as Azim Premji-backed iD fresh, known for its preservative-free instant foods, looks to widen its D2C market through Bigbasket’s large customer base.
BigBasket says no comment on Tata Group's acquisition bid
BigBasket on Wednesday refused to comment on reports that Tata Group is acquiring a majority stake in the grocery delivery platform.
Tata Group inks $1.2 billion deal to buy majority stake in BigBasket
The Tata-BigBasket deal will see a $200-250 million primary cash infusion in India's largest online grocery. Tata plans to take BigBasket public by 2022 as part of the deal terms.
Tatas line up $1.2 billion for e-commerce play
Tata Group is set to invest around $1.2 billion for its entry into digital commerce with majority stakes in e-grocer Bigbasket and e-pharma platform 1MG, according to two sources briefed on the matter.
Reliance Industries may buy Urban Ladder, Milkbasket to boost e-tail
Milkbasket's previous talks with firms like Bigbasket and Amazon India haven't fructified due to valuation mismatch, according to one of the sources.
Bigbasket in talks to buy Milkbasket & Dailyninja
Milkbasket, much like other players, largely sold milk delivery as its primary service and tried to sell non-milk items to consumers to widen its margins. Milkbasket has been clocking about 40,000-50,000 deliveries per day and is seeing a spike in order size in the past few days owing to the outbreak of Covid-19.
Swiggy & BigBasket CEOs are thick friends, bounce ideas off each other
We have seen plenty of corporate rivalries. However, this one is a tale of two best friends.
BigBasket targets revenue of Rs 6300 crore in FY20
Menon said the company has ventured into new areas of business milk supply, beauty products and installation of unmanned vending machine at apartment complexes.
BigBasket's pre-money valuation may reach $1bn, eyes fresh funding
Grocery etailer's pre-money valuation may touch $1 bn with Alibaba’s $50 mn and new investors CDC, Mirae.
BigBasket eyes 40% revenue from private labels next fiscal
The company aims to clock Rs 3,500 crore in sales this fiscal year, up from Rs 2,000 crore last year.
How dotcom survivors built a $950 million startup in India
Attracting and keeping customers is a challenge for all e-commerce companies, and doubly so in India where shopping habits vary widely from city to city.
Online grocery delivery players BigBasket, Grofers explore merger
Sources in the know said talks between the two parties, which started in November last year, will be brought up during BigBasket's board meeting scheduled for end of January.
When investor sweats it out with founder
While deciding to work with a larger group, they factor in risk exposure, stability of income during the startup phase, probability of success.
E-grocer BigBasket starts selling to kiranas and hotels
The development comes about two months after it launched its specialty food business under the marketplace model.
Bigbasket should be shut under new norms: Kishore Biyani
A day after the government clarified that FDI is not allowed in inventory-based e-commerce, Future Group CEO Kishore Biyani trained guns on the country's leading online grocer Bigbasket, terming its operation as illegal.
Bigbasket.com to start contract farming for organic fruits and vegetables
Bigbasket is focusing on vegetables and fruits as a category which accounts for 16-17% of its total sales since this category can draw the consumers multiple times in a week.
Bigbasket expects break-even in FY18 with $2 bn revenue
Bigbasket.com expects to achieve break-even in the next two years and increase revenue to $2 billion from the current Rs 1,000 crore (about $150 million) on the back of expansion of network.
One question Indian start-up biggies would ask tech titans
At the ET Startup Awards, five big players from India's start-up space shared a question each for famous entrepreneurs.
E-tailers of vegetable & grocery shore up ad spend to get more shoppers
Players like LocalBanya, BigBasket & Mera Grocer are advertising heavily while e-comm giants Snapdeal, Amazon & Paytm too plan to focus on this space.
Online grocers like LocalBanya foray into Pune; challenge supermarkets like Big Bazaar
After BigBasket entered Pune in Dec, LocalBanya has now also forayed into Pune last month. This set the stage for startups to enter multiple cities this year.
Grocery e-tailer BigBasket in talks to raise Rs 300 crore
Online grocery company BigBasket is in talks with private equity firms in the United States and India to raise over Rs 300 crore over the next few months.
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