This comes weeks after Amazon veteran Amit Nanda joined BigBasket as the new chief executive after founde ...More

This comes weeks after Amazon veteran Amit Nanda joined BigBasket as the new chief executive after founder Hari Menon stepped down. Nanda has been tasked with making the business profitable amid mounting pressure on margins in the quick commerce sector. ...Less

As N. Chandras ekaran prepares to step down, Tata Sons faces a pivotal succession dilemma. The new chairm ...More

As N. Chandras ekaran prepares to step down, Tata Sons faces a pivotal succession dilemma. The new chairman will take the reins of iconic brands including Air India and JLR, each laden with intricate challenges. TCS is set to embrace the advancing AI landscape while Tata Digital strives for profitable growth. ...Less

Tata Sons has begun the search for N Chandrasekaran’s successor after he announced plans to step down as ...More

Tata Sons has begun the search for N Chandrasekaran’s successor after he announced plans to step down as chairman in February. Tata Steel CEO TV Narendran, Tata Power CEO Praveer Sinha, Tata Motors’ Shailesh Chandra and Tata Chemicals’ Ramakrishnan Mukundan are among contenders. Tata Trusts chairman Noel Tata’s children Neville and Maya are also being considered, alongside potential external candidates. ...Less

Noel Tata is now central to the Tata group's leadership transition. He chairs Tata Trusts, which controls ...More

Noel Tata is now central to the Tata group's leadership transition. He chairs Tata Trusts, which controls Tata Sons, influencing the chairman selection. Noel has extensive experience across various Tata companies and businesses. He will continue as a Tata Sons director after reaching retirement age. This positions him significantly as the group seeks its next chairman. ...Less

The new chairman of Tata Sons faces a myriad of financial hurdles and strategic choices. Air India’s tran ...More

The new chairman of Tata Sons faces a myriad of financial hurdles and strategic choices. Air India’s transformation hinges on hefty investments and a defined route to profitability. Meanwhile, the semiconductor initiative from Tata Electronics calls for both time and sustained financial support. The third big issue involves Tata Digital’s road-ahead. ...Less

N Chandrasekaran will leave Tata Sons as chairman after failing to secure board approval for his reappoin ...More

N Chandrasekaran will leave Tata Sons as chairman after failing to secure board approval for his reappointment, amid tensions with Tata Trusts, which owns about 66% of the holding company. His exit comes as Tata Group navigates major businesses including Air India, Tata Motors, TCS, Tata Steel, Tata Power, retail, semiconductors, financial services and digital businesses, intensifying focus on succession. ...Less

N Chandrasekaran resigned as Tata Sons chairman, ending his nearly decade-long tenure, with his term set ...More

N Chandrasekaran resigned as Tata Sons chairman, ending his nearly decade-long tenure, with his term set to expire in February 2027. His reappointment had received support from Tata Trusts, the nomination committee and board but stalled after opposition from one director. Under Chandra, Tata expanded into aviation, semiconductors, electronics, batteries and digital businesses, while group revenues and profits rose sharply. ...Less

Quick commerce company Zepto may defer its listing plans as negotiations over its valuation hit a roadblo ...More

Quick commerce company Zepto may defer its listing plans as negotiations over its valuation hit a roadblock. This and more in today’s ETtech Top 5. ...Less

Mayank Khanduja is in advanced discussions to join Bessemer Venture Partners. He is expected to join the ...More

Mayank Khanduja is in advanced discussions to join Bessemer Venture Partners. He is expected to join the firm over the next three to four weeks. Khanduja previously spent nearly fifteen years at Elevation Capital. Bessemer aims to strengthen its presence at the seed stage with his expertise. This move adds to the ongoing churn within India's venture capital ecosystem. ...Less

Swiggy and Eternal shares have rallied sharply in July as investors reassess the competitive landscape fo ...More

Swiggy and Eternal shares have rallied sharply in July as investors reassess the competitive landscape following Zepto's IPO valuation reset. Swiggy has gained nearly 24%, marking its best monthly performance since listing, while Eternal is up 17%, its strongest monthly rise in over two years. ...Less

Zepto IPO delay: People aware of the discussions told ET that the company has received a formal price ind ...More

Zepto IPO delay: People aware of the discussions told ET that the company has received a formal price indication from large institutional investors and is negotiating for a week or two before deciding whether to proceed. A deferment is on the table if the price gap does not close, though the company would prefer to list, they added. ...Less

Sinha joins at a time when Instamart has been losing market share even as it attempts to contain its moun ...More

Sinha joins at a time when Instamart has been losing market share even as it attempts to contain its mounting losses. A Flipkart group veteran, she began her stint at the online retailer as an associate director in 2013, managing the beauty and personal care categories. ...Less

Tata Sons posted standalone net profit of ₹31,961 crore for the year ended March, up from ₹26,232 crore a ...More

Tata Sons posted standalone net profit of ₹31,961 crore for the year ended March, up from ₹26,232 crore a year ago, while revenue rose 9.1% to ₹42,367 crore. The board suggested a dividend of ₹1,10,717 per share. ...Less

Tata Sons reported a 22% rise in FY26 standalone profit to ₹31,961 crore, driven by investment gains and ...More

Tata Sons reported a 22% rise in FY26 standalone profit to ₹31,961 crore, driven by investment gains and stronger portfolio earnings. Chairman N. Chandrasekaran defended continued investments in loss-making businesses including Air India and Tata Digital, calling them long-term bets to build strategic capabilities in aviation, semiconductors, batteries and defence for "the India of 2047." ...Less

Swiggy's Instamart aims for profitability by enhancing its product offering and customer experience. The ...More

Swiggy's Instamart aims for profitability by enhancing its product offering and customer experience. The quick commerce sector will remain competitive and well-funded, attracting significant capital. Instamart is shifting focus from new dark stores to optimizing existing assets for better utilization. Contribution margins improved due to higher average order values and better infrastructure. The company seeks to become a destination for everyday upgrades and essentials. ...Less

Happy Wednesday! BigBasket is slashing its operational footprint to stay relevant in the quick commerce r ...More

Happy Wednesday! BigBasket is slashing its operational footprint to stay relevant in the quick commerce race. This and more in today’s ETech Morning Dispatch. ...Less

BigBasket's new chief executive Amit Nanda, a former Amazon India executive, has been tasked with making ...More

BigBasket's new chief executive Amit Nanda, a former Amazon India executive, has been tasked with making the business profitable amid intensifying competition and mounting pressure on margins in the quick commerce and online grocery delivery business, they said. ...Less

Flipkart will launch its food delivery pilot next month, CEO Kalyan Krishnamurthy said. This and more in ...More

Flipkart will launch its food delivery pilot next month, CEO Kalyan Krishnamurthy said. This and more in today’s ETtech Top 5. ...Less

Flipkart, which flipped back its domicile to India from Singapore in March, was preparing to tap the dome ...More

Flipkart, which flipped back its domicile to India from Singapore in March, was preparing to tap the domestic capital market, according to people aware of the matter. Krishnamurthy pushed back on a pre-IPO fundraise said to be aimed at ascertaining valuation. ...Less

Online delivery platforms and restaurants experienced increased orders ahead of the FIFA World Cup final. ...More

Online delivery platforms and restaurants experienced increased orders ahead of the FIFA World Cup final. Quick commerce apps offered discounts and ran games to boost customer engagement. Industry experts said micro-events are increasingly becoming a growth driver for online delivery apps, as users seek instant gratification and convenience. ...Less

Zepto Ltd. seeks a lower IPO valuation, reflecting industry cash burn concerns. Foreign investors indicat ...More

Zepto Ltd. seeks a lower IPO valuation, reflecting industry cash burn concerns. Foreign investors indicate interest at $4.5 billion, while domestic ones value it lower. This contrasts sharply with its $7 billion valuation from last October's fundraise. The company aims to raise $850 million through its initial public offering. Proceeds will fund network expansion and technological infrastructure improvements. ...Less

Zepto is expected to announce its price band over the next seven to eight days, another person said. Sebi ...More

Zepto is expected to announce its price band over the next seven to eight days, another person said. Sebi rules require companies to refile their draft prospectus if the issue size changes by more than 20% from the original estimate. ...Less

A combination could help both survive hypercompetition among more than half a dozen rivals, improve relev ...More

A combination could help both survive hypercompetition among more than half a dozen rivals, improve relevance, reach and range. The synergies are many. Its time to make the deal maths work out. ...Less

BigBasket founder Hari Menon is stepping down as CEO after 15 years, reflecting on the company's evolutio ...More

BigBasket founder Hari Menon is stepping down as CEO after 15 years, reflecting on the company's evolution from scheduled deliveries to embracing quick commerce. Initially skeptical, Menon witnessed rapid consumer adoption of 10-minute grocery services, a shift that reshaped the market. He passes the leadership baton to Amit Nanda, aiming to navigate intensified competition and regain market share through quality and private labels. ...Less

Founded by former MIT PhDs and Golman Sachs Analysts Jacon Choi, Subeen Pang, Jin Kim, and Hojun Choi in ...More

Founded by former MIT PhDs and Golman Sachs Analysts Jacon Choi, Subeen Pang, Jin Kim, and Hojun Choi in 2023, the startup uses AI agents to understand individual clients' investment frameworks in the public markets. ...Less

Despite concerns over Amazon and Flipkart intensifying competition in India's quick commerce market, Anan ...More

Despite concerns over Amazon and Flipkart intensifying competition in India's quick commerce market, Anand Rathi believes Blinkit remains the clear market leader due to its scale, strong customer retention and limited reliance on heavy discounts. The brokerage has reiterated its 'Buy' rating on Eternal with a target price of Rs 400. ...Less

Tata Sons chairman N Chandrasekaran's board reappointment is scheduled for the August 18 AGM, a crucial v ...More

Tata Sons chairman N Chandrasekaran's board reappointment is scheduled for the August 18 AGM, a crucial vote amid ongoing stakeholder tensions. His chairmanship hinges on retaining this directorship. While director renominations are usually routine, this year's could be contentious, especially after the SP Group's challenge in 2022. The meeting will also cover accounts and chairman's remuneration. ...Less

BigBasket CEO Amit Nanda: Tata-owned BigBasket founder Hari Menon has stepped down from the CEO role at t ...More

BigBasket CEO Amit Nanda: Tata-owned BigBasket founder Hari Menon has stepped down from the CEO role at the e-grocery firm, the company announced on Tuesday. Amazon veteran Amit Nanda, the director of selling partner services at the ecommerce major, will be taking over as the chief executive. ...Less

Late-night food delivery in India has doubled over the past year, with a reported surge of 12-15% for ord ...More

Late-night food delivery in India has doubled over the past year, with a reported surge of 12-15% for orders placed between 11 pm and 3 am. This phenomenon mirrors a broader societal shift, as young consumers adapt their schedules to accommodate late-night meals, in contrast to the standard 9 pm dinner time. ...Less

BigBasket's longtime leader Hari Menon has stepped down as CEO. This and more in today's ETtech Top 5. ...More

BigBasket's longtime leader Hari Menon has stepped down as CEO. This and more in today's ETtech Top 5. ...Less

Amazon veteran Amit Nanda, currently director of selling partner services, now takes over as CEO. ...More

Amazon veteran Amit Nanda, currently director of selling partner services, now takes over as CEO. ...Less

Two prominent food companies, Storia Foods and Mrs. Bectors Food Specialities, have been fined Rs 1 lakh ...More

Two prominent food companies, Storia Foods and Mrs. Bectors Food Specialities, have been fined Rs 1 lakh each by the Central Consumer Protection Authority. The penalty stems from misleading '100%' claims on their product packaging, falsely representing product composition. Both firms are now mandated to immediately remove these deceptive claims from all platforms, including websites and digital media, following action under consumer protection laws. ...Less

Tirumala joined BigBasket in 2014 and was most recently its chief buying and merchandising officer. He ha ...More

Tirumala joined BigBasket in 2014 and was most recently its chief buying and merchandising officer. He has also overseen sourcing, category management and private labels. BigBasket said its private-label business now contributes nearly 40% of total sales. ...Less

Amazon is reshaping India's quick-commerce sector through significant investments in foundational infrast ...More

Amazon is reshaping India's quick-commerce sector through significant investments in foundational infrastructure rather than merely focusing on rapid delivery. By developing an intricate network of collection points, processing plants, and micro-fulfillment centers, and partnering with over 16,000 farmers, the company aims to enhance the supply chain. This includes advanced cold-chain solutions and AI-enhanced forecasting, ensuring that fresh produce efficiently reaches consumers, ultimately redefining the grocery competition. ...Less

India's Sarvam AI has secured $234 million in a funding round led by HCLTech, valuing the homegrown AI st ...More

India's Sarvam AI has secured $234 million in a funding round led by HCLTech, valuing the homegrown AI startup at $1.5 billion. This investment fuels Sarvam's mission to develop sovereign AI solutions and large language models tailored for India's diverse languages and needs. ...Less

Indian shoppers are losing thousands of crores yearly due to deceptive online designs. Hidden charges and ...More

Indian shoppers are losing thousands of crores yearly due to deceptive online designs. Hidden charges and forced add-ons affect millions of buyers each month. Despite awareness, many consumers are still misled. Platforms are now being assessed for these practices. ...Less

BigBasket also issued a statement announcing that they will be restart their services in Ahmedabad, Banga ...More

BigBasket also issued a statement announcing that they will be restart their services in Ahmedabad, Bangalore, Bhopal, Coimbatore, Indore, Mumbai, Mysore, Noida, Surat, Vadodara . But as the demand is very high there will be delay in services for upto a week. ...Less

That could lead to a deadlock between Chandra and Tata, they said. Tata sought greater clarity from Chand ...More

That could lead to a deadlock between Chandra and Tata, they said. Tata sought greater clarity from Chandrasekaran on the group’s five-year strategic roadmap, the framework for providing an exit option to Shapoorji Pallonji Group that doesn’t involve Tata Sons going public as well as his formal position on the long-debated matter of the listing. ...Less

Additionally, the Tata-Bigbasket deal has received the approval of the board of directors of the online g ...More

Additionally, the Tata-Bigbasket deal has received the approval of the board of directors of the online grocery, whose largest shareholders — China's Alibaba Group and Actis LLP — have now exited the company. ...Less

In the filing with the Competition Commission of India, Tata Digital Ltd, a wholly owned unit of Tata Son ...More

In the filing with the Competition Commission of India, Tata Digital Ltd, a wholly owned unit of Tata Sons, proposed to buy 64.3% of an entity that runs business-to-business sales for BigBasket. ...Less

BigBasket has appointed Arpit Jaiswal, a former executive of Google India, as its new chief growth office ...More

BigBasket has appointed Arpit Jaiswal, a former executive of Google India, as its new chief growth officer. Jaiswal brings 15 years of experience from Google, where he led growth and monetisation for Google Pay. Additionally, Keshav Kumar has been elevated to the role of chief product & technology officer. ...Less

The issue pertains to BigBasket's acquisition of micro-delivery platform DailyNinja in March 2020. ...More

The issue pertains to BigBasket's acquisition of micro-delivery platform DailyNinja in March 2020. ...Less

Quick commerce firm Zepto has filed its updated draft prospectus for a significant $1 billion IPO with In ...More

Quick commerce firm Zepto has filed its updated draft prospectus for a significant $1 billion IPO with Indian regulators. The offering includes a substantial fresh issue and a component for existing investors. This move brings the five-year-old company closer to one of the year's most anticipated new-age stock market debuts, following earlier confidential filings and regulatory approval. ...Less

Nexedge Capital, a wealth management firm for ultra-high-net-worth individuals, is nearing a $25 million ...More

Nexedge Capital, a wealth management firm for ultra-high-net-worth individuals, is nearing a $25 million funding round. South Korean firm Mirae Asset Venture Investment is expected to lead the investment. This marks Nexedge's first institutional funding. The startup manages significant assets and serves numerous families. It competes with other emerging wealth management platforms in India. ...Less

Ashish Dave, formerly of Mirae Asset Venture Investments, is launching Sanskrit Capital. The new fund aim ...More

Ashish Dave, formerly of Mirae Asset Venture Investments, is launching Sanskrit Capital. The new fund aims for Rs 700-1,000 crore. It will invest in Series B and C startups. This move is part of a trend of seasoned investors starting independent funds. Sanskrit Capital will focus on fintech, consumer internet, logistics, healthcare, and enterprise AI. ...Less

BB Now, expected to be launched around the middle of December, will be part of BigBasket and the company ...More

BB Now, expected to be launched around the middle of December, will be part of BigBasket and the company has also started work to bring its subscription-based essentials delivery service, BB Daily, on to the main app. ...Less

Bigbasket will operate a central warehouse, from which all deliveries will be executed and will operate i ...More

Bigbasket will operate a central warehouse, from which all deliveries will be executed and will operate its own logistics infrastructure for customer deliveries. ...Less

BigBasket has acquired 100% stake in milk delivery startups RainCan and Morning Cart and a controlling st ...More

BigBasket has acquired 100% stake in milk delivery startups RainCan and Morning Cart and a controlling stake in smart vending machines startup Kwik24. ...Less

The fund-raising process currently underway - to propel forays into 50 tier-II cities - is expected to va ...More

The fund-raising process currently underway - to propel forays into 50 tier-II cities - is expected to value BigBasket at $1 billion, sources added. ...Less

Online grocer BigBasket has raised $150 million (about Rs 1,000 crore) in funding led by Dubai’s Abraaj G ...More

Online grocer BigBasket has raised $150 million (about Rs 1,000 crore) in funding led by Dubai’s Abraaj Group, as it seeks to establish. ...Less

BigBasket will be implementing Kochi-based startup Agrima Infotech’s unique customer vision technology pl ...More

BigBasket will be implementing Kochi-based startup Agrima Infotech’s unique customer vision technology platform, Psyight, at the self-checkout counters of the former’s retail stores. ...Less

BigBasket, the Tata Digital-backed e-grocery platform, experienced a decline in annual turnover. This was ...More

BigBasket, the Tata Digital-backed e-grocery platform, experienced a decline in annual turnover. This was due to stiff competition from quick commerce rivals like Blinkit and Zepto. Innovative Retail Concepts' turnover fell 3% to Rs 7,673 crore. Losses also increased to Rs 1,851 crore. Tata Group had previously expressed concerns about BigBasket lagging behind competitors. ...Less

"What BigBasket has been missing is deep-pocketed investors till now, and if this deal goes through they ...More

"What BigBasket has been missing is deep-pocketed investors till now, and if this deal goes through they will not have to worry about capital," said a venture capital investor tracking the space. ...Less

The steep rise in BigBasket’s valuation comes at a time when its parent Tata Digital has held early-stage ...More

The steep rise in BigBasket’s valuation comes at a time when its parent Tata Digital has held early-stage discussions with marquee global investors to raise new capital for its ecommerce venture. ...Less

The offers are live in the 26 Indian cities BigBasket is operational in, the company said in a statement. ...More

The offers are live in the 26 Indian cities BigBasket is operational in, the company said in a statement. ...Less

BigBasket is seeking a pre-money valuation of at least $550 million. The company was valued at about $450 ...More

BigBasket is seeking a pre-money valuation of at least $550 million. The company was valued at about $450 million when it raised capital in March, 2016. ...Less

BigBasket milk delivery service, BB Daily, will allow customers to order milk and other daily essentials ...More

BigBasket milk delivery service, BB Daily, will allow customers to order milk and other daily essentials items ...Less

Tata Digital owns an around 64% stake in Supermarket Grocery. Innovative Retail Concepts was made a subsi ...More

Tata Digital owns an around 64% stake in Supermarket Grocery. Innovative Retail Concepts was made a subsidiary of Supermarket Grocery after Tata Digital acquired the BigBasket operator, ET had reported in October last year. ...Less

Hari Menon told ET that BigBasket will only diversify into adjacent categories to grocery like kitchen an ...More

Hari Menon told ET that BigBasket will only diversify into adjacent categories to grocery like kitchen and home appliances. Meanwhile, rivals such as Zomato-owned Blinkit and Mumbai-based Zepto are rapidly diversifying into newer categories. ...Less

Zepto’s founders, Aadit Palicha and Kaivalya Vohra, will retain their stakes and not participate in the R ...More

Zepto’s founders, Aadit Palicha and Kaivalya Vohra, will retain their stakes and not participate in the Rs 9,500 crore IPO’s offer-for-sale component, signalling confidence in the business. Early investors will lead stake sales as the quick commerce company targets expansion, technology investments and a public market debut amid intensifying competition. ...Less

Mirae Asset’s $60 million, Alibaba’s $50 million and $40 million by CDC values BigBasket at $1.2 billion ...More

Mirae Asset’s $60 million, Alibaba’s $50 million and $40 million by CDC values BigBasket at $1.2 billion ...Less

The cash infusion is part of a $1.2 billion Tata-BigBasket deal, which will see the conglomerate acquire ...More

The cash infusion is part of a $1.2 billion Tata-BigBasket deal, which will see the conglomerate acquire 60% stake in the online grocery firm. Tata Group is also close to finalising a $200-250 million investment in e-pharmacy 1mg. ...Less

The Tata-BigBasket deal will see a $200-250 million primary cash infusion in India's largest online groce ...More

The Tata-BigBasket deal will see a $200-250 million primary cash infusion in India's largest online grocery. Tata plans to take BigBasket public by 2022 as part of the deal terms. ...Less

With Alibaba joining investee firm Paytm Mall in the talks to pick up a stake in the e-grocer, BigBasket ...More

With Alibaba joining investee firm Paytm Mall in the talks to pick up a stake in the e-grocer, BigBasket has easily shrugged off Amazon's snub. ...Less

BigBasket cofounder Abhinay Choudhari said, while B2B constitutes 17-18% of the company's total business, ...More

BigBasket cofounder Abhinay Choudhari said, while B2B constitutes 17-18% of the company's total business, it is expected to grow to 25% in the next two to three years. ...Less

The Tata-BigBasket deal, if appproved by CCI, would put the conglomerate in direct competition with Amazo ...More

The Tata-BigBasket deal, if appproved by CCI, would put the conglomerate in direct competition with Amazon, Walmart's Flipkart and Reliance Retail's JioMart in India's online grocery space. ...Less

While the commitment from Alibaba came through pre Covid-19 virus outbreak, the latest infusion comes at ...More

While the commitment from Alibaba came through pre Covid-19 virus outbreak, the latest infusion comes at a time when BigBasket needs capital to up its capacity and build infrastructure to cope with a demand spike. ...Less

Paytm Mall is also likely to invest in BigBasket as part of the deal. ...More

Paytm Mall is also likely to invest in BigBasket as part of the deal. ...Less

Online grocery company BigBasket is in talks with private equity firms in the United States and India to ...More

Online grocery company BigBasket is in talks with private equity firms in the United States and India to raise over Rs 300 crore over the next few months. ...Less

Bigbasket’s Hari Menon and Vipul Parekh are in the final stages of moving out amid the ongoing CEO search ...More

Bigbasket’s Hari Menon and Vipul Parekh are in the final stages of moving out amid the ongoing CEO search. Meanwhile, Prashant Tandon and Gaurav Agarwal of online pharmacy 1mg are assessing next steps due to a lack of clarity around IPO and exit path for other shareholders. ...Less

A day after the government clarified that FDI is not allowed in inventory-based e-commerce, Future Group ...More

A day after the government clarified that FDI is not allowed in inventory-based e-commerce, Future Group CEO Kishore Biyani trained guns on the country's leading online grocer Bigbasket, terming its operation as illegal. ...Less

BigBasket, run by SuperMarket Grocery Supplies Pvt, is India’s largest online grocer and operates in abou ...More

BigBasket, run by SuperMarket Grocery Supplies Pvt, is India’s largest online grocer and operates in about 25 cities across the country. ...Less

While signing the exclusivity clause will mean Amazon is the only strategic contender to buy BigBasket du ...More

While signing the exclusivity clause will mean Amazon is the only strategic contender to buy BigBasket during the two-month period, sources said it does not stop the online grocery player from pursuing financial investors to shore up cash. ...Less

BigBasket said it processes around five lakh orders per day and in the previous conventional model result ...More

BigBasket said it processes around five lakh orders per day and in the previous conventional model resulted in limiting visibility into the projected budget versus the actual budget. ...Less

BigBasket, India's largest online grocery that is on the cusp of being acquired by Tata Group, has claime ...More

BigBasket, India's largest online grocery that is on the cusp of being acquired by Tata Group, has claimed that Coimbatore-based Daily Basket infringes on its trademark and brand. ...Less

Tata group is preparing to raise $1.3 billion for its digital assets BigBasket and 1mg to compete more ef ...More

Tata group is preparing to raise $1.3 billion for its digital assets BigBasket and 1mg to compete more effectively in quick commerce. The fundraising will support BigBasket’s shift towards quick delivery and 1mg's expanded healthcare services, backed by Tata Digital’s aggressive growth plans. ...Less

BigBasket on Wednesday refused to comment on reports that Tata Group is acquiring a majority stake in the ...More

BigBasket on Wednesday refused to comment on reports that Tata Group is acquiring a majority stake in the grocery delivery platform. ...Less

The Tatas' latest plans are also reflected in recent regulatory filings by Innovative Retail Concept, the ...More

The Tatas' latest plans are also reflected in recent regulatory filings by Innovative Retail Concept, the retail arm of BigBasket. ...Less

BigBasket CEO Hari Menon has been charting a succession plan over the past few months, people in the know ...More

BigBasket CEO Hari Menon has been charting a succession plan over the past few months, people in the know tell us. Going forward, he may take on a mentor role at the online grocer he cofounded, as his five-year tenure nears completion. ...Less

BigBasket is expected to start electric car delivery in NCR in three to six months, starting with a fleet ...More

BigBasket is expected to start electric car delivery in NCR in three to six months, starting with a fleet of 100 electric cars. ...Less

BigBasket, backed by Tata Digital, has integrated grocery shopping and UPI payments directly within ChatG ...More

BigBasket, backed by Tata Digital, has integrated grocery shopping and UPI payments directly within ChatGPT, allowing users to browse and pay without leaving the app. This is part of OpenAI’s partnership with India’s NPCI and Razorpay. BigBasket is among the first Indian platforms to join this ChatGPT pilot. ...Less

BigBasket will also establish cobranded pickup points as well as sell its own brand of gourmet staples at ...More

BigBasket will also establish cobranded pickup points as well as sell its own brand of gourmet staples at its partner stores, aiming for significantly higher margins from this category. ...Less

BigBasket is in talks with private equity investors ICICI Venture & Zodius Capital, among others, to rais ...More

BigBasket is in talks with private equity investors ICICI Venture & Zodius Capital, among others, to raise about $33 mn in funding, sources directly aware of the matter said. ...Less

BigBasket is setting up a number of small warehouses across the country to be able to ship orders faster ...More

BigBasket is setting up a number of small warehouses across the country to be able to ship orders faster under its express delivery service. ...Less

According to cofounders Hari Menon and Vipul Parekh, fresh initiatives and changes under the new owner wo ...More

According to cofounders Hari Menon and Vipul Parekh, fresh initiatives and changes under the new owner would play out over the next few months at BigBasket, as Tata Group gets ready to launch its much-anticipated super app. ...Less

The new fundraising could more than double BigBasket's valuation to nearly $1 billion, according to one o ...More

The new fundraising could more than double BigBasket's valuation to nearly $1 billion, according to one of the investors involved in the discussions. ...Less

The unit also registered a turnover of Rs 2,261.3 crore for the fiscal year. In FY22, the unit’s losses s ...More

The unit also registered a turnover of Rs 2,261.3 crore for the fiscal year. In FY22, the unit’s losses stood at Rs 177.9 crore, while its operating revenue was Rs 1,707.2 crore. BigBasket’s parent entity Tata Digital is a part of Tata Sons. ...Less

Innovative Retail Concepts runs the business-to-cusotmer (B2C) unit of BigBasket. It posted net loss of R ...More

Innovative Retail Concepts runs the business-to-cusotmer (B2C) unit of BigBasket. It posted net loss of Rs 1,267 crore for FY24 and an operating revenue of Rs 7,885 crore. Over the past two years, BigBasket has seen major rivalry from quick commerce players such as Zomato-owned Blinkit, Swiggy Instamart and Nexus Venture Partners-backed Zepto in the hyperfunded online grocery delivery space. ...Less

BigBasket’s move to experiment with community buying—or what is loosely called social commerce—comes at a ...More

BigBasket’s move to experiment with community buying—or what is loosely called social commerce—comes at a time when companies are trying different ways to amp up their online grocery and essentials verticals. ...Less

BigBasket’s expenses rose from Rs 3,365 crore in FY19 to Rs 4,411 crore in FY20. ...More

BigBasket’s expenses rose from Rs 3,365 crore in FY19 to Rs 4,411 crore in FY20. ...Less

Tata Sons has pulled up its digital vertical for BigBasket’s sluggish response to the rapidly evolving qu ...More

Tata Sons has pulled up its digital vertical for BigBasket’s sluggish response to the rapidly evolving quick commerce space, which has allowed competitors like Blinkit and Zepto to surge ahead. In a recent review of Tata Digital's businesses, the parent company expressed dissatisfaction with the e-grocery unit's underwhelming performance as competitors captured market share, sources told us. ...Less

The Bengaluru-based e-commerce firm, which is focusing on expanding its pan-India reach, may choose to la ...More

The Bengaluru-based e-commerce firm, which is focusing on expanding its pan-India reach, may choose to launch an initial public offering in 24 to 36 months but was open to raising more private capital before that, Chief Financial Officer Vipul Parekh said in an interview Wednesday. ...Less

That Tata Group-owned BigBasket is only the second vertical e-commerce player in India to achieve the mil ...More

That Tata Group-owned BigBasket is only the second vertical e-commerce player in India to achieve the milestone indicates the high-growth potential that online grocery has. ...Less

E-commerce platforms like Amazon India and Bigbasket have started asking sellers and brands to put ‘count ...More

E-commerce platforms like Amazon India and Bigbasket have started asking sellers and brands to put ‘country of origin’ for the products on their platforms. This comes a day after government officials held a meeting with ecommerce players over the issue that has gained prominence due to the border conflict with China in Ladakh. ...Less

BigBasket founders, including CEO Hari Menon, are preparing to transition into mentoring roles as Tata Gr ...More

BigBasket founders, including CEO Hari Menon, are preparing to transition into mentoring roles as Tata Group seeks a new leader to sharpen its competitive edge in the quick commerce market. With Menon's tenure nearing completion, the company is actively shortlisting candidates to drive growth and reassure investors amid increasing competition from Blinkit, Instamart and Zepto. ...Less

Menon said the company has ventured into new areas of business milk supply, beauty products and installat ...More

Menon said the company has ventured into new areas of business milk supply, beauty products and installation of unmanned vending machine at apartment complexes. ...Less

BigBasket is evaluating the extent of the breach and its authenticity and has also lodged a complaint wit ...More

BigBasket is evaluating the extent of the breach and its authenticity and has also lodged a complaint with the Cyber Crime Cell in Bengaluru. ...Less

Sources in the know said talks between the two parties, which started in November last year, will be brou ...More

Sources in the know said talks between the two parties, which started in November last year, will be brought up during BigBasket's board meeting scheduled for end of January. ...Less

The deal price was expected to be about $200 mn. This has since increased as BigBasket looks to build a b ...More

The deal price was expected to be about $200 mn. This has since increased as BigBasket looks to build a bigger war chest to compete with US-based Amazon as well as India’s Flipkart. ...Less