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CHINESE GROCERY DELIVERY
Alibaba bids $1.5 billion for China grocer Pupu in Meituan fightAlibaba is reportedly offering $1.5 billion for Chinese grocery delivery firm Pupu, initiating a bidding war to gain market share from riva...- South Korea fines Coupang $409 million in country's largest data breach penaltyThe Personal Information Protection Commission said the New York-listed company had leaked personal data of more than 33 million customers ...
- Deeptech bets heat up; Paytm, PB Fintech, Meesho earningsHappy Thursday! VCs are doubling down on India’s deeptech, with early-stage bets leading the charge. This and more in today’s ETtech Mornin...
- Chinese ecommerce giant JD.com launches Joybuy in Europe, targeting AmazonJD.com wants to internationalise its business and last year agreed to buy German electronics retailer Ceconomy, owner of the MediaMarkt a...
- 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...
- China ‘concerned’ about India’s app bans; Flipkart tests 45-min grocery deliveryDays after India conducted its fifth round of Chinese app bans since June 2020, blocking access to 54 apps, China has said it has serious c...
- Zomato may invest $500 million in Grofers to push its quick commerce playIf the deal goes through it will be the largest investment for the food delivery platform. The new round, likely to value Grofers at $1.5 b...
- Chinese grocery app Dingdong Maicai raises $330 million in fundingThe so-called D-plus round of fundraising led by SoftBank Vision Fund followed the online grocery platform's $700 million D round completed...
- BigBasket says no comment on Tata Group's acquisition bidBigBasket on Wednesday refused to comment on reports that Tata Group is acquiring a majority stake in the grocery delivery platform.
- Chinese e-commerce company Club Factory starts groceries deliveryClub Factory has been accused of shipping cheap products to India directly from China after labelling them as gifts to evade customs duty. ...
- Coronavirus outbreak drives demand for China’s online grocersIt’s an unexpected windfall for grocery delivery services that have perennially struggled with the logistics of transporting perishables li...
- More preferring online grocery shops: BigBasketBigBasket said it’s using its partnership with Chinese e-commerce giant- Alibaba to improve delivery and logistics.The retailer, which has ...
- Swiggy looks to extend service across hyperlocal delivery market by NovemberThe pilot for Swiggy’s diversified utility delivery play is likely to be rolled out by October-November.
- Swiggy, BigBasket discover next cash cow: Milk supplyFirms look to buy milk-delivery startups to increase frequency of orders and make customers stick.
- Swiggy looks to bring medicines, groceries to youThe development comes even as Swiggy is in talks to raise over $200 million from DST Global and hedge fund Coatue Management in a round tha...
- With Alibaba on board, BigBasket to go offlineThe Bengaluru-based company is looking to supplement its core online business with offline kiosks that will stock daily groceries, fast-mov...
- 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...
- BigBasket crosses Rs 1,000-crore sales mark in FY17Its parent co Innovative Retail has more than doubled revenue to Rs 1,090 cr in FY17, indicating users’ growing preference to shop online f...
- CCI nod to Alibaba’s stake buy in BigBasketPaytm Mall is also likely to invest in BigBasket as part of the deal.
- Amazon India considers investment in online food delivery startup SwiggyFounded by Sriharsha Majety, CEO, along with Rahul Jaimini and Nandan Reddy, Swiggy is regarded as one of stronger players in a market whic...
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