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.
EV makers target delivery, logistics companies to widen market
Greaves Cotton-owned Ampere Vehicles, which makes electric scooters, has made ...
Flipkart piloting fresh fruits & vegetables delivery in Hyderabad
In December, Flipkart and its US-based parent jointly invested an undisclos...
More preferring online grocery shops: BigBasket
BigBasket said it’s using its partnership with Chinese e-commerce giant- Alibaba to improve delivery and logistics.The retailer, which has shifted from dark stores to large warehousing format, has also implemented Alibaba’s bulk storage mechanism to optimize 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.
Road, net shutdowns disrupt e-commerce
Among the many disruptions caused by multicity agitations against the citizenship Act is the effect on deliveries and orders of large e-commerce operators. While online food delivery business has suffered a hit of 25-30%, other online categories have seen a drop of 3-5%, said businesses.
Digital-first brands took just three years to hit Rs 100 crore
eBrands achieved traction quickly with etailers putting in place exclusive programmes to launch and test, thereby raising consumer intent to purchase differentiated products online. In the past two years, venture capitalists have invested more than $300 million in 70 such consumer brands.
Amazon, Flipkart will take at least a year to build supply chain capabilities: BigBasket's Hari Menon
“This is very good for the sector and how modern trade grew and opened up a new way to shop,” Menon said, adding that as grocery extends beyond the high socioeconomic classes towards the midsection, the market will expand.
BigBasket merges 2 core arms to speed up delivery
The move is expected to help it better compete with established ecommerce players Amazon and Flipkart and food delivery company Swiggy, which has recently forayed into the grocery segment.
After WeWork debacle, founders forced to chase profit, not just funds
The depleting market value of global startups has raised alarm bells about loss-making ventures and their business models. The focus, therefore, is growth with profitability, said founders and investors who attended The Economic Times Awards for Corporate Excellence, 2019.
Procter & Gamble India tests Ecomm waters
P&G is currently testing the beta version of the site and the products are sold and the supply chain managed by its Kolkata-based distributor BG Distributor. The website pgshop.in will go live in the next one month or so, said another person familiar with the development. P&G expects to use the learnings from the exercise the “distributor has undertaken.”
Take three: Flipkart’s $100+ million online grocery bet in India
In its third big shot at online food and grocery, Flipkart pieces together the legs of its strategy through two big investments in seven days — Shadowfax and Ninjacart.
Milk delivery startups limit products to conserve cash, make supply chain efficient
Gurugram-based Milkbasket said it was scaling down operations in select localities in Bengaluru and Delhi NCR — its two largest markets. DailyNinja, which counts Matrix Partners and Sequoia Capital as investors and has raised about $10 million, is looking for a buyer
Companies are looking to hire digital, new age technology professionals in 2020
Demand for people with training in AI, machine learning, robotics, blockchain will double in 2020.
Grofers loss widens to Rs 448 cr in FY19, co says on track to double GMV to Rs 5k cr in FY20
Grofers, which competes with the likes of BigBasket as well as grocery verticals of e-commerce majors such as Flipkart and Amazon, saw its total income grow by over 56 per cent to Rs 83.62 crore in 2018-19 from Rs 53.47 crore in the previous financial year.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service