BigBasket
Change of Cart: Tata plans CEO change at BigBasket
BigBasket CEO Hari Menon has been charting a succession plan over the past few months, people in the know tell us. Going forward, he may take on a mentor role at the online grocer he cofounded, as his five-year tenure nears completion.
BigBasket founders plan to step back; CEO Hari Menon prepares succession amid Tata Group’s quick commerce push
BigBasket founders, including CEO Hari Menon, are preparing to transition into mentoring roles as Tata Group seeks a new leader to sharpen its competitive edge in the quick commerce market. With Menon's tenure nearing completion, the company is actively shortlisting candidates to drive growth and reassure investors amid increasing competition from Blinkit, Instamart and Zepto.
Monsoon showers push e-comm orders up, raise partner payouts
E-commerce platforms in India are experiencing a surge in orders due to prolonged monsoon rains, with deliveries increasing by over 10%. Companies like BigBasket and Flipkart are seeing significant order spikes in cities like Mumbai and Delhi NCR, driven by professionals working from home.
BigBasket top brass churn; RMG ban pain manifests
Happy Tuesday! BigBasket CEO Hari Menon is expected to take a step back as part of a leadership transition. This and more in today's ETtech Morning Dispatch.
E-commerce marketplaces & quick commerce platforms reap gains from heavy monsoon rains
Heavy monsoon rains are boosting e-commerce in India. Online orders have increased as people stay indoors. BigBasket and Flipkart see order surges in cities like Mumbai and Delhi. Delivery partners earn more with weather incentives. Logistics providers like Zippee and Celcius are expanding to meet rising demand. Companies are compensating riders for delivering in difficult conditions.
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.
Quick commerce to hike festive workforce by up to 60%
Quick-commerce firms in India plan to increase temporary staff by up to 60% for the festive season. Redseer estimates quick commerce deliveries will double to 10% of total e-commerce. Flipkart, Amazon, Blinkit, Swiggy Instamart, and Zepto are preparing for Diwali. Around 80,000 to 100,000 workers will be hired. Tier 2 cities are also ramping up fast.
Festive season: Quick commerce to ramp up temp workforce by 40–60%
Quick-commerce platforms are gearing up for a significant surge in demand this festive season, projecting a 40-60% increase in temporary workforce. This expansion aims to manage the expected doubling of quick commerce deliveries, potentially reaching 10% of the total e-commerce market.
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.
Dial reset, again: External CEO to lead Tata Digital
Tata Digital, grappling with scale-up challenges and strategic disagreements, is set to appoint an external CEO to overhaul operations and improve alignment across its consumer digital portfolio. This decision follows the abrupt departure of former CEO Naveen Tahiliyani and reflects Chairman N Chandrasekaran's push for improved performance and profitability, emphasizing execution and synergy among verticals like BigBasket and Tata Cliq.
Festive fireworks ahead for ecommerce firms with season sales to rise 27%
Indian e-commerce marketplaces and online retailers anticipate a record-breaking festive season, projecting sales of Rs 1.2 lakh crore, a 27% increase from last year. Quick commerce is set to account for over Rs 14,000 crore of this estimate. This resurgence comes on the back of consumer sentiment in urban India turning positive after three years of slower growth.
Amid shift to inventory model, Blinkit offers sellers waiver on fee for recall of unsold goods
This comes at a time when Blinkit is transitioning to an inventory-led model from a marketplace model, following its parent Eternal becoming an Indian-owned and controlled company (IOCC) in April. Rival Zepto has also been increasing its domestic shareholding.
Dial reset, again: Tatas in talks to bring external CEO to lead Tata Digital
This will be the third chief to come on board at Tata Digital since the inception of the platform in 2019. The company, grappling with scale-up challenges, is set to appoint an external CEO to overhaul operations and streamline its consumer digital portfolio, including BigBasket and Tata Cliq. This decision follows the abrupt exit of former CEO Naveen Tahiliyani due to strategic disagreements.
Online Gaming Bill: Companies turn to law; Panic grips gamers
Happy Thursday! Gaming companies are prepping legal challenges to the new Online Gaming Bill. This and more in today’s ETtech Morning Dispatch.
Qcomm platforms boost promotions with curated offerings for Independence Day, Janmashtami
For Independence Day, rapid-delivery platforms are offering a range of tricolour-themed products, including decorative items, the Indian flag and apparel in the colours of the national flag. Similarly, for Janmashtami, companies have introduced offerings such as clothes for Krishna idols, peacock feathers, and other pooja-related products.
Independence Day fuels a revival in retail sales
Independence Day sales boosted retail across India. Discounts increased foot traffic and sales by 8-10%. Electronics, groceries, and apparel saw strong demand. Restaurants benefited from mall traffic and movie releases. Retailers hope for a strong festive season. Reliance Retail and BigBasket reported significant sales growth. Malls saw increased footfalls. The government plans to rationalize GST rates to boost consumption.
I-Day, Rakhi sales signal 15-20% festive ecommerce growth this year: Analysts
Brands anticipate a 15–20% surge in order volumes compared to last year, fueled by strong demand from smaller cities after a significant boost during events like Raksha Bandhan, with traditional and western wear seeing increased sales. Quick commerce platforms are also capitalising on the festive season by offering discounts and expanding their product selections.
Blinkit founder Albinder Dhindsa leads Rs 419-crore Eternal Esop exercise
More than 30 Eternal executives converted options to more than Rs 1 crore of company shares. The Esop exercise comes as Eternal's stock hits a seven-month high, driven by Blinkit's impressive growth in the June quarter. The stock option exercise reflects confidence in the company's long-term prospects and aligns executive interests with shareholder value creation.
Swiggy flags quick commerce battle as Amazon, Flipkart join 10-minute race
Instamart, Swiggy’s quick commerce arm, saw gross order value (GOV) grow 21% year-on-year to Rs 5,655 crore, while operating losses widened to Rs 896 crore, up 181% from Rs 318 crore in Q1 FY25. Founder and group CEO Sriharsha Majety said competitive intensity remains high from both ‘QComm-only’ and ‘QComm-also’ players.
BigBasket turnover declines in FY25 amid rising quick commerce competition
BigBasket, the Tata Digital-backed e-grocery platform, experienced a decline in annual turnover. This was due to stiff competition from quick commerce rivals like Blinkit and Zepto. Innovative Retail Concepts' turnover fell 3% to Rs 7,673 crore. Losses also increased to Rs 1,851 crore. Tata Group had previously expressed concerns about BigBasket lagging behind competitors.
Tata Trusts put faith in N Chandrasekaran for another term to sustain growth
Tata Trusts has unanimously approved a five-year extension for N Chandrasekaran as chairman of Tata Sons, signaling leadership continuity. This decision occurs amidst strategic considerations to maintain Tata Sons' private status and potential discussions with the Shapoorji Pallonji Group for their exit.
Swiggy Q1 revenue surges 54% but loss nearly doubles to Rs 1,197 crore on Instamart burn
Swiggy reported a doubled net loss of Rs 1,197 crore for the April-June period despite a 54% increase in operating revenue, accompanied by a cash burn of Rs 1,053 crore. Instamart's losses widened even as its gross order value more than doubled in annual terms. The company now intends to sell its stake in Rapido as the latter makes a food delivery foray.
BigBasket feels qcomm heat; PhysicsWallah clears Sebi test
A decline in BigBasket's turnover indicates increasing competition from quick commerce players. This and more in today's ETtech Top 5.
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.
IT sector adds fewer hands; BigBasket’s muted financials
Happy Friday! Hiring in India’s IT sector declined significantly in the April-June quarter. This and more in today’s ETtech Morning Dispatch.
Tata 1mg posts 20% growth in FY25 turnover as it re-enters investment phase
During the reporting period, its primary entity Tata 1mg Technologies reported revenue of Rs 375 crore with a threefold jump in profit after tax to Rs 65 crore. Meanwhile, subsidiary Tata 1mg Healthcare reported Rs 2,016 crore in turnover, reflecting 17% growth in its topline from FY24. It, however, suffered a net loss of Rs 342 crore. Tata Digital had acquired a strategic stake in 1mg in 2021. Since then, the company has raised just $40 million, through a rights issue from Tata Digital in 2022.
Blinkit, Zepto and other q-comm players throw light on dark stores
Quick-commerce platforms like Bigbasket, Blinkit, and Swiggy Instamart are intensifying hygiene and storage checks in their dark stores due to rising regulatory scrutiny and concerns raised by food companies. Some platforms are opening dark stores to customers for inspection, while others are increasing leadership audits to address lapses.
Top tech and startup stories this week
Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.
Small towns, big hiring: India’s festive jobs boom moves beyond metros
Tier-II and III cities in India are experiencing a surge in manpower demand. Companies are increasing hiring in these areas before the festive season. This growth is fueled by urbanization and expansion of retail and logistics. Staffing firms report significant increases in hiring mandates. Smaller cities are becoming growth engines, less affected by global uncertainties.
Blinkit won’t cede quick commerce market leadership under any circumstance, says Albinder Dhindsa
CEO Albinder Dhindsa pointed out that Blinkit’s near-term margins appear to have stabilised. For the April-June quarter, Blinkit reported a 140% year-on-year jump in gross order value (GOV) to Rs 11,821 crore, effectively taking its annualised GOV run rate to around $5.5 billion.
Avenue Supermarts' online sales jump 21% to Rs 3,502 Cr in FY25, losses widen amid expansion push
Avenue Supermarts, which operates the DMart chain, reported a 21% rise in online grocery sales to ₹3,502 crore in FY25 through its e-commerce arm, DMart Ready. However, net losses widened to ₹247 crore as it expanded into new geographies.
Quick commerce promised electronics companies a spark, delivered a glitch instead
Quick commerce platforms like Blinkit and Zepto initially boosted sales for electronics brands, but challenges soon emerged. Companies struggled with inventory management, demand forecasting, and the need for real-time backend synchronization.
Murukku, Misal, Sev, Soda — 10-minute carts fuel regional snack boom
Indian regional food and beverage brands are leveraging quick commerce platforms like Zepto and Blinkit to expand beyond their traditional markets. These platforms offer faster delivery cycles and pin code-level curation, boosting visibility for ethnic snacks. Brands are experiencing significant revenue growth and wider geographic reach, with quick commerce becoming a key strategy for market entry and increased accessibility.
Instamart CEO sees quick commerce dominate shopping mode in five years
Quick commerce penetration is extremely low, while consumer love for it is extremely high, said Amitesh Jha at the second edition of the Indian Healthy Snacking Summit in New Delhi. Unlike traditional ecommerce, product shelf space on quick commerce platforms will remain limited, he pointed out.
BigBasket appoints Manish Bajoria as CFO
BigBasket, a Tata group company, has appointed Manish Bajoria as its new chief financial officer (CFO). Bajoria brings over 20 years of experience in strategic finance and digital transformation, having previously held leadership roles at Vini Cosmetics, Amazon, and Hindustan Unilever. He will oversee BigBasket's financial strategy as the company focuses on development and innovation.
Swiggy Instamart ties up with Reliance to deliver Jio phones in minutes
Instamart has expanded to over 120 cities, delivering groceries and daily essentials within 10 minutes. Like other rapid-delivery platforms, it also delivers electronics, toys, skincare and wellness products. The company's peers, including Zepto, Blinkit and BigBasket, started delivering iPhones within minutes in multiple cities when the 16 series was launched.
Pearl farming: How Jharkhand is training farmers to turn mussels into gold with 10x returns
Jharkhand is quickly becoming India's freshwater pearl farming center through government-backed training and infrastructure projects. Hazaribagh is set to be the first pearl farming cluster with significant investment. Farmers are learning advanced techniques, and successful individuals are expanding their operations, contributing to rural employment and economic growth in the region.
India’s 10-minute delivery war now has global goliath Amazon expanding its grip
Amazon is escalating India's quick commerce battle with 10-minute deliveries in Delhi, following its Bengaluru launch. This move intensifies competition with Blinkit, Instamart, and Zepto, reflecting a major shift in Indian online shopping habits. The q-commerce sector, projected for substantial growth, is expanding beyond groceries, even as companies grapple with rising customer acquisition costs and profitability challenges.
20 UPI Rupay credit cards to earn cashback, rewards, airport lounge access from everyday payments
UPI RuPay credit cards provide a way to earn rewards. Several banks offer these cards with UPI convenience. Users can get cashback and reward points on payments. ET Wealth lists 20 UPI RuPay credit cards. These cards offer benefits like lounge access. Linking the card to UPI apps is simple. Enjoy rewards with everyday UPI payments.
Amazon Now expands quick commerce offering in Delhi after Bengaluru
Amazon has expanded its quick commerce service, Amazon Now, to parts of Delhi after launching in Bengaluru. Targeting rapid delivery of daily essentials, it plans 300 dark stores across major cities by year-end. Competing with Blinkit, Zepto, and others, Amazon aims to scale quickly ahead of Prime Day and Diwali sales.
Puneet Chhatwal, Sunil D’Souza join Tata Digital board after Naveen Tahilyani’s exit
Tata Sons has appointed Puneet Chhatwal and Sunil D’Souza to Tata Digital's board. This move aims to boost consumer business expertise in the company following Naveen Tahilyani's abrupt departure. Ankur Verma is now acting chairman of Croma. The company will operate with board management until a CEO is appointed. The reshuffle addresses the need for consumer-focused leadership.
Driving Change: Ecomm firms amp up for sustainable future
India's ecommerce giants like Flipkart, Amazon, BigBasket, Swiggy, and Eternal are rapidly adopting electric vehicles for last-mile delivery, driving a green transformation. This shift not only cuts costs and reduces emissions but also resonates with environmentally conscious consumers. Companies are expanding their EV fleets significantly, with some exceeding targets ahead of schedule, aiming for a fully electric delivery system.
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.
Quick commerce apps stack up extra fees to curb losses
Quick commerce cos in India are increasingly adding various fees like handling, convenience, and rain charges to customer orders to improve their unit economics amidst rising competition. These fees, ranging from Rs 6 to Rs 30 per order, are in addition to delivery charges.
BigBasket, others to resume delivery services in the capital
BigBasket also issued a statement announcing that they will be restart their services in Ahmedabad, Bangalore, Bhopal, Coimbatore, Indore, Mumbai, Mysore, Noida, Surat, Vadodara . But as the demand is very high there will be delay in services for upto a week.
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 pilots 10-minute food delivery with Starbucks, Qmin in Bengaluru
BigBasket has entered the rapid food delivery market, offering a 10-minute service in Bengaluru, featuring items from Starbucks and Qmin. This move follows CEO Hari Menon's announcement of expanding into food delivery by 2025. The rapid food delivery segment is becoming increasingly competitive, with Zepto, Swiggy, and Blinkit also expanding their offerings.
HC orders trial in BigBasket, Town Essentials tussle
The issue pertains to BigBasket's acquisition of micro-delivery platform DailyNinja in March 2020.
Tata seeks CCI nod to buy majority stake in BigBasket
In the filing with the Competition Commission of India, Tata Digital Ltd, a wholly owned unit of Tata Sons, proposed to buy 64.3% of an entity that runs business-to-business sales for BigBasket.
Online grocery player Bigbasket enters Gujarat, starts operation in Ahmedabad
Bigbasket will operate a central warehouse, from which all deliveries will be executed and will operate its own logistics infrastructure for customer deliveries.
BigBasket completes three acquisitions
BigBasket has acquired 100% stake in milk delivery startups RainCan and Morning Cart and a controlling stake in smart vending machines startup Kwik24.
Online grocer BigBasket eyes $1 billion value, raises $50 million
The fund-raising process currently underway - to propel forays into 50 tier-II cities - is expected to value BigBasket at $1 billion, sources added.
Abraaj, others put $150 million in the BigBasket
Online grocer BigBasket has raised $150 million (about Rs 1,000 crore) in funding led by Dubai’s Abraaj Group, as it seeks to establish.
BigBasket jumps into buzzy quick delivery segment; will bring all grocery services in one app
BB Now, expected to be launched around the middle of December, will be part of BigBasket and the company has also started work to bring its subscription-based essentials delivery service, BB Daily, on to the main app.
BigBasket acquires Kerala-based startup Agrima Infotech
BigBasket will be implementing Kochi-based startup Agrima Infotech’s unique customer vision technology platform, Psyight, at the self-checkout counters of the former’s retail stores.
Paytm Mall, Alibaba may invest $200 million in BigBasket
"What BigBasket has been missing is deep-pocketed investors till now, and if this deal goes through they will not have to worry about capital," said a venture capital investor tracking the space.
BigBasket announces 'big 47 sale' from tomorrow
The offers are live in the 26 Indian cities BigBasket is operational in, the company said in a statement.
Paytm Mall in talks to invest $200 million in BigBasket
BigBasket is seeking a pre-money valuation of at least $550 million. The company was valued at about $450 million when it raised capital in March, 2016.
BigBasket gets Rs 1,000 crore investment from its holding company
Tata Digital owns an around 64% stake in Supermarket Grocery. Innovative Retail Concepts was made a subsidiary of Supermarket Grocery after Tata Digital acquired the BigBasket operator, ET had reported in October last year.
Not in a hurry to add new categories; will focus on grocery: BigBasket CEO Hari Menon
Hari Menon told ET that BigBasket will only diversify into adjacent categories to grocery like kitchen and home appliances. Meanwhile, rivals such as Zomato-owned Blinkit and Mumbai-based Zepto are rapidly diversifying into newer categories.
Soon, BigBasket will deliver milk as well
BigBasket milk delivery service, BB Daily, will allow customers to order milk and other daily essentials items
BigBasket joins the league of unicorn club post $150 million funding
Mirae Asset’s $60 million, Alibaba’s $50 million and $40 million by CDC values BigBasket at $1.2 billion
BigBasket valuation may touch $4-5 billion as sales rise
The steep rise in BigBasket’s valuation comes at a time when its parent Tata Digital has held early-stage discussions with marquee global investors to raise new capital for its ecommerce venture.
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.
BigBasket gets $50 million more from Alibaba
While the commitment from Alibaba came through pre Covid-19 virus outbreak, the latest infusion comes at a time when BigBasket needs capital to up its capacity and build infrastructure to cope with a demand spike.
Tata Digital shores up board; Rapido’s tasty new ride
Happy Tuesday! The Tata Group has appointed two consumer-focused group CEOs to Tata Digital’s board. This and more at today’s Morning Dispatch.
CCI nod to Alibaba’s stake buy in BigBasket
Paytm Mall is also likely to invest in BigBasket as part of the deal.
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.
BigBasket looks to scale B2B business with SnapBizz partnership
BigBasket cofounder Abhinay Choudhari said, while B2B constitutes 17-18% of the company's total business, it is expected to grow to 25% in the next two to three years.
Chinese ecommerce giant Alibaba wants a stake in BigBasket
With Alibaba joining investee firm Paytm Mall in the talks to pick up a stake in the e-grocer, BigBasket has easily shrugged off Amazon's snub.
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 secures capex procurement ERP software from Zoho Corp
BigBasket said it processes around five lakh orders per day and in the previous conventional model resulted in limiting visibility into the projected budget versus the actual budget.
60-day exclusive talks pact - Amazon wants BigBasket in its shopping cart
While signing the exclusivity clause will mean Amazon is the only strategic contender to buy BigBasket during the two-month period, sources said it does not stop the online grocery player from pursuing financial investors to shore up cash.
Amazon in talks to buy Indian online grocer BigBasket
BigBasket, run by SuperMarket Grocery Supplies Pvt, is India’s largest online grocer and operates in about 25 cities across the country.
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.
BigBasket to build a unified supply chain for Tata super app project
The Tatas' latest plans are also reflected in recent regulatory filings by Innovative Retail Concept, the retail arm of BigBasket.
BigBasket plans to use electric cars to deliver products in Delhi
BigBasket is expected to start electric car delivery in NCR in three to six months, starting with a fleet of 100 electric cars.
Tata's billion-dollar bet: BigBasket and 1mg set for $1.3 billion cash surge
Tata group is preparing to raise $1.3 billion for its digital assets BigBasket and 1mg to compete more effectively in quick commerce. The fundraising will support BigBasket’s shift towards quick delivery and 1mg's expanded healthcare services, backed by Tata Digital’s aggressive growth plans.
BigBasket slaps notice on Daily Basket for using ‘Basket’ in its name
BigBasket, India's largest online grocery that is on the cusp of being acquired by Tata Group, has claimed that Coimbatore-based Daily Basket infringes on its trademark and brand.
Bengaluru based BigBasket to set up small warehouses across the country
BigBasket is setting up a number of small warehouses across the country to be able to ship orders faster under its express delivery service.
Online grocer BigBasket plans to work with offline partners to secure its delivery dominance
BigBasket will also establish cobranded pickup points as well as sell its own brand of gourmet staples at its partner stores, aiming for significantly higher margins from this category.
ICICI Venture, Zodius Capital eye stake in BigBasket
BigBasket is in talks with private equity investors ICICI Venture & Zodius Capital, among others, to raise about $33 mn in funding, sources directly aware of the matter said.
Online grocer BigBasket in talks to raise $150 million for expansion
The new fundraising could more than double BigBasket's valuation to nearly $1 billion, according to one of the investors involved in the discussions.
BigBasket B2B arm's loss widens 21% in FY23; turnover at Rs 2,261 crore
The unit also registered a turnover of Rs 2,261.3 crore for the fiscal year. In FY22, the unit’s losses stood at Rs 177.9 crore, while its operating revenue was Rs 1,707.2 crore. BigBasket’s parent entity Tata Digital is a part of Tata Sons.
BigBasket B2C unit posts 6% growth in FY24 revenue, cuts losses by 17%
Innovative Retail Concepts runs the business-to-cusotmer (B2C) unit of BigBasket. It posted net loss of Rs 1,267 crore for FY24 and an operating revenue of Rs 7,885 crore. Over the past two years, BigBasket has seen major rivalry from quick commerce players such as Zomato-owned Blinkit, Swiggy Instamart and Nexus Venture Partners-backed Zepto in the hyperfunded online grocery delivery space.
BigBasket clocks 36% revenue growth in FY20
BigBasket’s expenses rose from Rs 3,365 crore in FY19 to Rs 4,411 crore in FY20.
After Tata acquisition, BigBasket wants to go big on express deliveries
According to cofounders Hari Menon and Vipul Parekh, fresh initiatives and changes under the new owner would play out over the next few months at BigBasket, as Tata Group gets ready to launch its much-anticipated super app.
Tata Sons questions BigBasket’s qcomm lag, pushes for financial investor amid rivals' onslaught
Tata Sons has pulled up its digital vertical for BigBasket’s sluggish response to the rapidly evolving quick commerce space, which has allowed competitors like Blinkit and Zepto to surge ahead. In a recent review of Tata Digital's businesses, the parent company expressed dissatisfaction with the e-grocery unit's underwhelming performance as competitors captured market share, sources told us.
How BigBasket plans to enter the crowded group buying segment
BigBasket’s move to experiment with community buying—or what is loosely called social commerce—comes at a time when companies are trying different ways to amp up their online grocery and essentials verticals.
Eternal shares up 30% since March. Investors are feasting, but can Zomato’s parent justify the appetite?
Eternal's shares have surged 30% since March, fueled by Blinkit's rapid growth and dark store expansion. While Blinkit aims for EBITDA breakeven by Q3FY26, aggressive competition and store additions may impact near-term profitability. Despite challenges, brokerages favor Eternal over Swiggy, citing market leadership and free cash flow generation, but analysts caution about long-term sustainability.
Exclusive: BigBasket clocks $1.1 billion gross sales as pandemic fuels online grocery
That Tata Group-owned BigBasket is only the second vertical e-commerce player in India to achieve the milestone indicates the high-growth potential that online grocery has.
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 faces massive data breach, details of 2 crore users put on sale on dark web
BigBasket is evaluating the extent of the breach and its authenticity and has also lodged a complaint with the Cyber Crime Cell in Bengaluru.
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.
Tata’s Bigbasket eyes IPO by 2025 after $200 million fundraising
The Bengaluru-based e-commerce firm, which is focusing on expanding its pan-India reach, may choose to launch an initial public offering in 24 to 36 months but was open to raising more private capital before that, Chief Financial Officer Vipul Parekh said in an interview Wednesday.
Alibaba all set to put $300 million in BigBasket
The deal price was expected to be about $200 mn. This has since increased as BigBasket looks to build a bigger war chest to compete with US-based Amazon as well as India’s Flipkart.
Amazon, Bigbasket ask sellers for ‘origin country’
E-commerce platforms like Amazon India and Bigbasket have started asking sellers and brands to put ‘country of origin’ for the products on their platforms. This comes a day after government officials held a meeting with ecommerce players over the issue that has gained prominence due to the border conflict with China in Ladakh.
BigBasket looks to raise $200 million at up to $3.5 billion valuation
“The company continues to grow 40% annually as projected earlier internally. This financial year ending March 2023, the company is expected to generate sales of $1.5 billion (net of discounts),” said one of the people cited above. ET had reported that it became the second vertical ecommerce player to have crossed gross sales of $1 billion in FY21.
