Big Basket

Bigbasket signs MoU with AP govt to boost organic produce, market linkage

Online grocer Bigbasket on Thursday announced signing a landmark Memorandum of Understanding (MoU) with the Andhra Pradesh government to strengthen the organic produce market linkage. A press release from the Tata Group company said the partnership will enable Bigbasket to source organic fruits, vegetables, and staple items directly from organic farmers across the state and supply them to its distribution centres nationwide. The MoU was signed in the presence of Chief Minister N Chandrababu Naidu, marking a significant step towards strengthening the organic agriculture ecosystem and supporting the state's farmers, it said. As part of the collaboration, Bigbasket will establish four new collection centres in AP, ensuring a daily supply of fresh, high-quality organic produce. The initiative aims to improve the livelihoods of local organic farmers and enhance consumer access to sustainable, organic products.

Quick commerce boom: Industry giants race to claim their slice of the pie

India's quick commerce sector has seen an astonishing growth rate, with sales increasing by more than 280 per cent over the past two years

Quick commerce race tightens as Tata set to enter market with Neu Flash

For grocery deliveries, Neu Flash will utilise BigBasket while Croma will provide electronics and mobile phones, and Tata Cliq will manage fashion and lifestyle products

Quick commerce platforms race to deliver iPhone 16 in under 10 minutes

Customers will be able to take advantage of special offers, discounts, and even EMI options available through Unicorn stores when purchasing the iPhone 16 series via Blinkit

Big Basket aims to turn profitable in 8 months, eyes for IPO in 2025

The Tata group-owned online grocer Big Basket is eyeing to come out with an initial public offering in 2025 after turning profitable, a top official said on Tuesday. The Bengaluru-based company, a part of Tata Digital, will turn profitable in another 6-8 months, once the newly launched 'BB Now' vertical starts making money, its co-founder and chief executive Hari Menon told reporters here. When asked about plans for an IPO, he said, "We will probably have it in 2025. But we are leaving it to the Tatas, there cannot be anybody better to guide us and advise us on that." He hinted that the issue will include both primary and secondary share sales, but did not share any more details. The business requires capital for ongoing investments which be raised from the Tata Group in the run-up to the IPO, he said, adding that a bulk of the investments are in technology, marketing and people. The company, which competes with similar offerings from Amazon and Flipkart, is targeting to close FY2

Only 7% of Indian consumers buy fruits, vegetables online: Survey

"Quality of fruits and vegetables delivered via online platforms was always average and the return/refund process mostly painful, according to consumers," said Sachin Taparia, Founder of LocalCircles

Tata Digital's FY23 loss at Rs 1,370.99 cr, up from Rs 1,122.88 cr in FY22

Tata Digital reported standalone revenue of Rs 204.35 crore for the fiscal year 2021-2022

Cyber thugs create fake websites of D-Mart, Big Basket to dupe people; held

The Noida Police on Tuesday said they have arrested six members of a cyber gang which allegedly created fake websites of D-Mart, Big Basket, Big Bazaar and duped people of crores of rupees. Through these websites, the thugs offered products at discounted or cheap rates in order to lure gullible buyers, then during payment they gained information about their credit/debit cards and used the details to fraudulently withdraw money from their bank accounts, a senior official said. "On April 3, the cyber helpline team of Gautam Buddh Nagar police arrested the six members of the gang which created fraudulent websites in the name of companies like Big Bazaar, D-Mart, Big Basket and duped crores of rupees from people," Additional DCP (Central Noida) Rajeev Dixit said. The members of this gang are residents of Ghaziabad and Gautam Buddh Nagar, Dixit said, adding that the people duped by them are not only from Delhi NCR area but several other parts of the country. Those held have been identif

Tata Neu 2.0: All-new version simpler, high on privacy with no need for OTP

Better UX & UI experience; no need to authenticate each time user accesses app; designated chatbot for BB; IPL season to be used to harvest users; enters edtech with Tata NeuSkills

India-Pakistan clash at Asia Cup draws huge interest from advertisers

From Dream11, Big Basket, Samsung, LIC, Mondelez and Thumps Up, a cross-spectrum of advertisers have signed up for the big match and tournament

Valuation hurdle stiff for DMart despite 26% correction since January

Store additions strong while same store sales declined in Q1

BigBasket raises Rs 350 cr from holding firm as it takes on competitors

The online grocer plans to expand its footprint to 70 cities this fiscal year, from about 37 now.

Tata Digital to raise Rs 5,000 cr via commercial papers to expand business

Tata Digital is creating a platform for the Tata Group's consumer business, acquiring 64 per cent in online grocer Big Basket.

Tata Consumer Products gains 3% on report Group could buy Big Basket

The deal worth Rs 9,300-9,500 crore - biggest in the online grocery space so far-values BigBasket at Rs 13,500 crore

Tata Group in advanced talks to buy 80% stake in BigBasket for $ 1.3 bn

Mumbai-based Tata Group, with a combined revenue of about $113 billion and marquee brands such as Jaguar Land Rover and tea maker Tetley, is scouting for local e-commerce assets

A bigger basket: Hari Menon needs serious money to stay in the game

If the start-up becomes part of the Tata group's investment basket, it may be well placed to take on the challenge

This ex-Apple techie is helping India's blue-collar workers find jobs

Nirmit Parikh went undercover as a factory hand in Ahmedabad for a few days before the lockdown, to understand the ground realities of grey and blue-collar workers

Brands turn to packaging and presentation to gain trust, confidence

Packaging innovations that ensure safety and damage-free, clean delivery are emerging as new avenues for brand building

Corona confusion

Enforcement of lockdown should be sensible

Big Basket will break-even in all tier-1 cities this fiscal: CEO Hari Menon

Big Basket competes with Grofers and grocery arms of Amazon and Flipkart and operates in 26 cities, with 80 per cent of its business coming from top 10 cities