Gig economy weighs impact of social security for workers
The government has proposed changes which would ensure gig workers get life and disability cover, health and maternity benefits, old age protection and any other benefit it may determine as helpful. The benefits have not been clearly defined yet, which is making companies anxious as they fear their operational costs will jump.
BigBasket merges 2 core arms to speed up delivery
The move is expected to help it better compete with established ecommerce players Amazon an...
Financial prospects prompting IT pros towards data analytics
Frequent job changes are driven largely by a supply-demand imbalance and the pre...
Amazon Retail India plans to enter 60 smaller cities
Co lining up small delivery centres in tier II-III cities for hub-&-spoke supply.
BigBasket records sales of over Rs 2,000 crore
BigBasket had previously raised funds from investors such as Sands Capital, International Finance Corp. and Dubai-based private equity investor Abraaj Capital.
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.
Digital commerce to touch Rs 2.37 lakh crore by December 2018: IAMAI
"It is estimated to reach Rs 2,37,124 crore by December 2018," the report added.
Alibaba backs Indian online grocer BigBasket in $300 million fundraising
An Alibaba unit invested $146 million, subscribing to compulsorily convertible preference shares, BigBasket said a filing to Indian regulators.
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.
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.
Physical stores offer more grocery discounts than e-tailers: Study
While modern retail is still a small part of overall retail market in India, e-commerce in specific is at a nascent stage.
Predictability a challenge in subscription model: Hari Menon, CEO, Bigbasket
Low margin is actually a myth. We run at a gross margin of 25%, which is a decent margin, much higher than other fastselling products online, says Hari Menon.
Online grocer startup, Meragrocer to raise $10 million in second round of funding
Online grocery startup Meragrocer is set to raise $10 million (about Rs 64 crore) in its second round of funding.
Online grocer BigBasket.com raises Rs 200-crore funding
With 12,000 products & 1,000 brands, BigBasket delivers food items such as fruits, vegetables, bakery, dairy products & frozen foods, to customers.
Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service