BigBasket

Retail Asia12/04/2019

Indian online grocery platform BigBasket has raised investment capital of about US$150 million. The investors include South Korean Mirae Asset Management (at about $60 million), the UK’s CDC Group (at $40 million), and existing investor Alibaba (about $50 million). The investment figures were shown in documents submitted to the Ministry of Corporate Affairs. BigBasket received […]

Retail Asia15/02/2019

Bigbasket has made its foray into the beauty and cosmetics category. The company is already a leader in FMCG sales, staples, and fruits and vegetables, has about 10 million subscribers, and is clocking over 1 lakh orders per day. With this new category, bigbasket has cemented its place as the one-stop-shop for all customer needs in groceries. The […]

Retail Asia22/11/2018

Chinese retail giant Alibaba-backed online grocery player BigBasket that aims to be a billion-dollar company by the next fiscal year, is expecting 40 percent of its projected revenue to come in from its private labels, a top company official has said. “Private labels are around 34 per cent of our business now and we plan to scale […]

Retail Asia26/09/2018

Myntra has announced the launch of its loyalty program, Myntra Insider. A first of its kind in the country, the program is a comprehensive package, designed to strengthen engagement with its users to drive stickiness on the platform. This open-to-all program allows Myntra to democratise fashion for every registered user through unique rewards and experiences. The Myntra Insider program hinges […]

Retail Asia07/03/2018

After raising $300 million last month, Indian online grocery startup BigBasket is entering the offline sector. The company is looking to transform its core online business to offline centres that will store daily moving consumer goods, groceries, fruits and vegetables. These offline stores will be placed in apartments and various office complexes. The Bengaluru based […]

Retail Asia12/12/2017

Chinese e-commerce giant Alibaba Group Holding plans to invest about US$200 million in India’s online supermarket Bigbasket. This leads a $280 million funding round and would give it a stake of about 25 per cent in the startup, insiders say. The deal is awaiting approval from the Competition Commission of India. Based in Bangalore, the […]

Retail Asia16/11/2017

Chinese internet giant Alibaba is seeking Competition Commission of India (CCI) approval to acquire a stake in online grocery startup BigBasket. Financial details have not been disclosed in the CCI filing, which relates to “the acquisition and purchase of shares” of BigBasket parent Supermarket Grocery Supplies by Alibaba Singapore. Alibaba Group Holding and its Indian […]

Retail Asia16/06/2017

India’s e-commerce market, which is very much driven by mobile commerce, is growing fast and Amazon, which has been operating there for several years, is trying to stay ahead of that growth. The company recently made progress gaining on market leader Flipkart, largely by improving its mobile app engagement rate by 46% in the span […]

Retail Asia09/10/2015

PM Narendra Modi may have been the flag-bearer of `Make in India’, with his recent trip to the US being a highlight for `Digital India’. But another Indian startup has joined the growing list of new companies moving base out of India. Gurgaon-based Grofers decided to shift headquarters to Singapore from India. A hyperlocal grocery […]

Tag: BigBasket

Indian online grocer BigBasket raises Millions for next Phase

Bigbasket India expands its offerings to include beauty products

BigBasket India eyes 40 pc revenue from private labels next fiscal

Myntra launches loyalty program, ‘Myntra Insider’

Here’s how BigBasket is riding on Alibaba’s offline retail strategy

Alibaba all set to put $300 million in BigBasket

Alibaba seeks approval to buy stake in India’s BigBasket

Amazon reportedly eyeing BigBasket buy in India

Grofers shifts base to Singapore