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’...
27 Jun, 2024, 07.26 AM IST
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...
03 May, 2022, 10.29 AM IST
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...
30 Jun, 2021, 11.39 AM IST
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
29 Jun, 2021, 05.24 PM IST
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...
28 May, 2021, 08.42 AM IST
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...
24 Feb, 2021, 08.06 AM IST
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...
20 Jan, 2021, 09.42 AM IST
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-...
29 Oct, 2018, 08.20 AM IST
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.
30 Aug, 2018, 08.25 AM IST
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 ...
14 May, 2018, 12.05 PM IST
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...
11 May, 2018, 11.16 AM IST
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...
23 Jan, 2018, 10.46 AM IST
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...
09 Dec, 2017, 03.40 PM IST
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...
19 Nov, 2017, 03.48 PM IST
Grofers increases size of sales basket to Rs 768 croreGST, marketing blitz, and a focus on popular products pay off for online grocer
16 Aug, 2017, 08.00 AM IST
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...
19 Jul, 2017, 09.49 AM IST
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...
11 Jul, 2017, 01.00 AM IST