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.
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 h...
Road, net shutdowns disrupt e-commerce
Among the many disruptions caused by multicity agitations against the citizenship Act is the effect on...
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.
ET Awards 2019: StanChart CEO, Prasoon Joshi remember Jaitley; Bandhan Bank's boss impresses Sachin Bansal
E Sreedharan's story also got a lot of appreciation.
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.
Gates Foundation appoints Hari Menon as Country Director for India
Menon takes over from Nachiket Mor, who held the position for the past three years and resigned last month.
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.
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
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.
Grofers says on track to hit Rs 550 crore monthly GMV
Data shows that most of Grofers’ orders are coming from less-affluent neighbhourhoods across the country.
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.
BigBasket gets Rs 100 crore in venture debt from Trifecta Capital
Grocery etailer raised the amount in venture debt to fund working capital needs, expansion.
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.
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.
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