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BIGBASKET LOSS
Zepto IPO: Founders Aadit Palicha, Kaivalya Vohra skip OFS as Nexus Ventures leads share saleZepto’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...- Wealth firm Nexedge Capital looking to close a $25 million funding round to be led by MiraeNexedge Capital, a wealth management firm for ultra-high-net-worth individuals, is nearing a $25 million funding round. South Korean firm M...
- Zepto files updated papers for Rs 9,500 crore IPO; aims July listingQuick commerce firm Zepto has filed its updated draft prospectus for a significant $1 billion IPO with Indian regulators. The offering incl...
- Bigbasket elevates Seshu Tirumala as COO as it sharpens quick commerce pushTirumala joined BigBasket in 2014 and was most recently its chief buying and merchandising officer. He has also overseen sourcing, category...
- Noel Tata flags unresolved issues; Tata Sons chairman reappointment on holdThat could lead to a deadlock between Chandra and Tata, they said. Tata sought greater clarity from Chandrasekaran on the group’s five-year...
- Tata board talks: Chairman Chandra gives the floor to Tata chiefs; calm prevailsTata Sons board meeting saw constructive discussions. Chairman N Chandrasekaran presented business reviews. Noel Tata focused on Air India ...
- Tata Sons chairman N Chandrasekaran kicks off crucial board meetingTata Sons Chairman N. Chandrasekaran is leading a crucial board meeting today. He is presenting detailed plans for new businesses like elec...
- N Chandrasekaran to address Noel Tata's concerns at Tata Sons board meetingTata Sons chairman N Chandrasekaran will address business concerns, including Air India losses and new ventures, at an upcoming board meeti...
- Revamped Tata Neu to bet on loyalty, financial services: Tata Digital CEO Sajith SivanandanTata Digital is pivoting Tata Neu from a broad commerce aggregator to a loyalty-led financial services platform, focusing on payments, inve...
- BigBasket appoints ex-Google exec Arpit Jaiswal as chief growth officerBigBasket has appointed Arpit Jaiswal, a former executive of Google India, as its new chief growth officer. Jaiswal brings 15 years of expe...
- Air India, Tata Digital losses push Tata Sons’ new ventures towards Rs 29,000 crore hit: ReportTata Sons' new ventures face significant financial challenges. Projections indicate a combined loss of up to Rs 29,000 crore in FY26. Air I...
- BigBasket, 1mg founders plan transition; QED's Morris flags credit tighteningHappy Friday! BigBasket and 1mg founders are preparing to step back from day-to-day roles. This and more in today's ETtech Morning Dispatch.
- Founder exits loom over BigBasket, 1mg as Tata Digital reset continuesBigbasket’s Hari Menon and Vipul Parekh are in the final stages of moving out amid the ongoing CEO search. Meanwhile, Prashant Tandon and G...
- Not in a hurry to add new categories; will focus on grocery: BigBasket CEO Hari MenonHari Menon told ET that BigBasket will only diversify into adjacent categories to grocery like kitchen and home appliances. Meanwhile, riva...
- BigBasket B2B arm's loss widens 21% in FY23; turnover at Rs 2,261 croreThe 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 ...
- BigBasket’s B2C arm sees net loss widen nearly 2x to Rs 1,500 crore in FY23The continued losses for the nearly 13-year-old firm come as it faces intensified competition in both grocery delivery as well as relativel...
- HC orders trial in BigBasket, Town Essentials tussleThe issue pertains to BigBasket's acquisition of micro-delivery platform DailyNinja in March 2020.
- BigBasket gets first tranche of Tata cash at $2 billion valuationAdditionally, the Tata-Bigbasket deal has received the approval of the board of directors of the online grocery, whose largest shareholders...
- BigBasket clocks 36% revenue growth in FY20BigBasket’s expenses rose from Rs 3,365 crore in FY19 to Rs 4,411 crore in FY20.
- BigBasket’s wholesale unit revenue up 35%2019 starts on a good note for companies with BigBasket and PayPal posting promising numbers. That’s good news for emerging sectors FY 2017...
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