Madhav Chanchani

  • E-tail to take $1 billion hit in lockdown

    E-tail to take $1 billion hit in lockdown

    Even before the outbreak of the coronavirus, overall consumer spending was muted owing to broader economic challenges. But the virus spreading at this pace brought online commerce to a screeching halt.

    Bigbasket in talks to buy Milkbasket & Dailyninja

    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.

    Bigbasket, Grofers orders double as malls shut down

    Bigbasket, Grofers orders double as malls shut down

    The development comes as authorities in major metros are urging people to stay at home, shutting down malls and restaurants, while companies are also announcing work-from-home for employees across the country to contain the spread of Covid-19.

    Oyo-backer Lightspeed eyes third $300 million India fund

    Oyo-backer Lightspeed eyes third $300 million India fund

    The new fund comes soon after the firm has been able to complete record exits from unicorns like Oyo and Byju's in the previous year, delivering cash returns of over $900 million between the two deals.

    Behrouz Biryani's parent company targets $1bn valuation

    Behrouz Biryani's parent company targets $1bn valuation

    Rebel runs over a dozen virtual restaurant brands where it sells directly through its own application besides platforms like Zomato and Swiggy. The new funding follows less than six months after the Mumbai-based company raised its previous round of $125 million.

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