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BigBasket inches closer to unicorn tag after raising $300 mn from Alibaba, others

TMT

01 February, 2018

BigBasket inches closer to unicorn tag after raising $300 mn from Alibaba, others

SuperMarket Grocery Supplies Pvt Ltd, which owns the BigBasket brand, has raised $300 million (around Rs 1,921 crore) in a ......

Grocery e-tailer Satvacart raises pre-Series A round

TMT

09 January, 2018

Grocery e-tailer Satvacart raises pre-Series A round

Online grocery store Satvacart has raised an undisclosed sum in its pre-Series A round of funding from several wealthy individuals, ......

Here are the Indian startups that may join the unicorn club in 2018

TMT

02 January, 2018

Here are the Indian startups that may join the unicorn club in 2018

The multi-billion-dollar funding rounds in Flipkart, Paytm and Ola in 2017 camouflaged not just the fact that overall venture capital ......

We are closing the gap with BigBasket: Grofers' Albinder Dhindsa

TMT

29 December, 2017

We are closing the gap with BigBasket: Grofers' Albinder Dhindsa

Locodel Solutions Pvt Ltd, which runs hyperlocal grocery and fresh food delivery platform Grofers, has raised a total of $165 ......

BigBasket's consumer-facing arm doubles revenue, narrows losses for FY17

TMT

27 December, 2017

BigBasket's consumer-facing arm doubles revenue, narrows losses for FY17

Innovative Retail Concepts Pvt Ltd, which operates the consumer-facing arm of grocery e-tailer BigBasket, saw its revenues rise two-fold and ......

VCC Startups weekly wrap: Jhunjhunwala backs Nazara; SoftBank, Alibaba get CCI nod

TMT

16 December, 2017

VCC Startups weekly wrap: Jhunjhunwala backs Nazara; SoftBank, Alibaba get CCI nod

One of the big newsmakers in the past week was veteran stock market investor Rakesh Jhunjhunwala who made a $27-million ......

Alibaba seeks regulatory nod to buy into BigBasket

TMT

09 November, 2017

Alibaba seeks regulatory nod to buy into BigBasket

Chinese e-tailing giant Alibaba has sought formal approval from the Competition Commission of India to acquire a stake in the ......

Flipkart's second attempt at online grocery faces many a test

TMT

08 November, 2017

Flipkart's second attempt at online grocery faces many a test

When homegrown e-commerce major Flipkart announced a soft launch of grocery delivery under 'Supermart' earlier this week, it brought a ......

Alibaba-backed Paytm Mall looks to raise over $600 mn

TMT

27 September, 2017

Alibaba-backed Paytm Mall looks to raise over $600 mn

Online marketplace Paytm Mall, operated by Paytm E-Commerce Pvt. Ltd, has reportedly initiated discussions to raise Rs 3,000-4,000 crore ($456-608 ......

Alibaba-Paytm gearing up to take on Amazon in e-grocery

TMT

12 September, 2017

Alibaba-Paytm gearing up to take on Amazon in e-grocery

Chinese e-tailing giant Alibaba and homegrown e-wallet company Paytm are set to invest about $200 million in BigBasket. The investment ......