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AMAZON BIGBASKET MERGER
Put both eggs in one basket: Why merging Amazon and Tata's quick commerce business is a now or never ideaA combination could help both survive hypercompetition among more than half a dozen rivals, improve relevance, reach and range. The synergi...- Zomato places an order for Grofers at $750 million valuationJapanese conglomerate SoftBank Vision Fund, the largest shareholder in Grofers, may look to invest around $100-200 million in the merged en...
- Reverse flips get on the fast-track; quick comm's Diwali playThe government has eased the approval process for startups looking to shift their base back to India. Details on this and more in today’s E...
- BigBasket, 1mg’s plans for capex; win for epharmacies in Madras HCTata’s online grocery BigBasket and epharmacy 1mg will largely depend on debt capital to fuel expansion this fiscal. More on this in today’...
- Quick commerce firm Zepto valued at $900 million, gets $200 millionZepto's valuation has hit $900 million after the latest round. This is a nearly 60% jump compared to the previous fundraise in December las...
- Grofers to turn unicorn with Zomato fundsTiger Global, investor in both Zomato and Grofers, will also participate in the $120 million funding round. The companies had explored a po...
- ETtech Exclusive: Zomato may invest $100 million in Grofers as e-grocer shelves US IPO planZomato's investment is likely part of a larger financing round and may value the Gurugram-based online grocery firm at around $1 billion
- Govt-Twitter faceoff escalates over India IT rulesIn today's ETtech Morning Dispatch, Twitter and Google break silence on India's IT rules after WhatsApp sues government; the board of BigBa...
- Scoop: Grofers in talks with Cantor Fitzgerald's SPAC for Nasdaq listingSoftBank Vision Fund-backed Grofers is expected to raise between $400 million and $500 million through the Nasdaq listing in May at a valua...
- Tata closes in on BigBasket, 1mg to power super app planThe cash infusion is part of a $1.2 billion Tata-BigBasket deal, which will see the conglomerate acquire 60% stake in the online grocery fi...
- SoftBank may deliver fresh funds to GrofersSoftBank’s move to further invest in Grofers also puts on hold the on-again, off-again merger talks it has held with bigger rival, Alibaba-...
- Spencer's joins More & Future on Amazon's shopping listIf all three deals go through, Amazon will have a stake in over 1,700 stores to further its business in India.
- SoftBank in talks to invest big money in Paytm MallSoftBank could be freed from a clause in its agreement with Flipkart that restricts it from investing more than $500 million in Paytm Mall ...
- Has the Flipkart-Walmart deal made smaller e-commerce players redundant?Walmart has been propped up in India's e-commerce space almost overnight - much like Amazon five years ago. But where does that leave small...
- Grofers eyes SoftBank, Tencent big bucks after turnaroundWhile the discussions with Tencent are early, SoftBank is likely to bulk up its shareholding in Grofers, valuing the company at 20-30% lowe...
- Alibaba all set to put $300 million in BigBasketThe 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...
- We were never in discussions for merger with BigBasket: Grofers"It was not (merger) talks, there was just one meeting about how the business is going and it just got blown out of proportion because of d...
- Grofers increases size of sales basket to Rs 768 croreGST, marketing blitz, and a focus on popular products pay off for online grocer
- Chinese ecommerce giant Alibaba wants a stake in BigBasketWith 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 s...
- Paytm Mall in talks to invest $200 million in BigBasketBigBasket is seeking a pre-money valuation of at least $550 million. The company was valued at about $450 million when it raised capital in...
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