Page 6 - Bigbasket
Tamil Nadu govt amends APMC Act to allow farmers to sell produce freely
This will open up the avenues for farmers to sell their produce at e-commerce and modern markets such as Amazon, BigBasket for a better price
 "Tamil Nadu govt amends APMC Act to allow farmers to sell produce freely")
Sanitation and cleanliness on top of new age mobility firms' agenda
Firms that provide urban commuting warm up to new realities as lockdown relaxes
 "Sanitation and cleanliness on top of new age mobility firms' agenda")
Start-ups looking to tap into venture debt, avoid large funding rounds
Most start-ups are also not expecting to get the right valuation at this time, as the lockdown imposed to curb the virus' spread has severely disrupted business
 "Start-ups looking to tap into venture debt, avoid large funding rounds")
Small and local brands grow big in FMCG market amid coronavirus lockdown
Companies say low-unit packs as well as lesser-known brands seeing greater traction during lockdown
 "Small and local brands grow big in FMCG market amid coronavirus lockdown")
India Inc wants govt to shift focus to economy amid Covid-19 outbreak
CEOs warn of economic depression, say need to work within new normal
 "India Inc wants govt to shift focus to economy amid Covid-19 outbreak")
Coronavirus outbreak: E-grocery market may boom after lockdown lifts
BigBasket CEO Hari Menon says more consumers will shop online than depending on traditional means after Covid
 "Coronavirus outbreak: E-grocery market may boom after lockdown lifts")
Kirana stores are the new battleground for India's e-commerce giants
National e-com marketplace to be launched shortly, to be world's largest e-com portal
 "Kirana stores are the new battleground for India's e-commerce giants")
Coronavirus lockdown: Manpower shortage cripples e-commerce sector
What is aggravating the situation is that e-commerce firms are facing huge shortage of delivery personnel.
 "Coronavirus lockdown: Manpower shortage cripples e-commerce sector")
BigBasket, Grofers to hire warehouse, delivery staff to clear backlog
The hiring by BigBasket will be done across 26 cities where the company delivers
 "BigBasket, Grofers to hire warehouse, delivery staff to clear backlog")
As riders go home amid lockdown, queue for e-grocery orders get longer
Online grocery, which is barely about four per cent of India's $600-700 billion grocery market, has seen an overnight surge.
 "As riders go home amid lockdown, queue for e-grocery orders get longer")
Top headlines: Steel firms struggle, state finances to take a hit, and more
From Uber and BigBasket joining hands to deliver essentials, oil producers seeking relief from govt to venture capitalists warning start-ups, Business Standard brings you top headlines of the day
 "Top headlines: Steel firms struggle, state finances to take a hit, and more")
Covid-19 lockdown: Uber, BigBasket partner for essential service delivery
A B2B alliance, Uber's drivers will initially help BigBasket with last-mile delivery in Bengaluru, Hyderabad, Chandigarh and Noida
 "Covid-19 lockdown: Uber, BigBasket partner for essential service delivery")
Covid-19: In essential items, e-commerce is no match to kirana stores
That's because, according to KSA Technopak, e-commerce firms sell gross merchandise value of only $2.5 billion. That's minuscule in the $550-billion annual sales of food and groceries in 2019-20.
 "Covid-19: In essential items, e-commerce is no match to kirana stores")
Top headlines: Kirana shops beat online giants, milk demand down, and more
From New India Assurance to insure health workers, Centre disbursing first VRS package for BSNL, MTNL staff to challenges of e-commerce firms, Business Standard brings you top headlines of the day
 "Top headlines: Kirana shops beat online giants, milk demand down, and more")
Kirana stores beat e-commerce giants during coronavirus crisis: Study
The traditional trade channel that serves over 1.3 billion people, compared to some 120 million by e-commerce, has fared significantly better when it comes to availability of essential goods
Bigbasket bags milk delivery app DailyNinja, strengthens Bengaluru reach
DailyNinja currently caters to around 110,000 customers transacting daily and will augment the company's essentials-focused delivery service BBDaily's extensive non-milk range.
 "Bigbasket bags milk delivery app DailyNinja, strengthens Bengaluru reach")
Our order volume has surged twofold after spread of coronavirus: Hari Menon
HARI MENON, co-founder and CEO of BigBasket, tells Bibhu Ranjan Mishra how the Bengaluru-based unicorn is managing such a huge demand
 "Our order volume has surged twofold after spread of coronavirus: Hari Menon")
BigBasket is focusing on turning profitable in two years: CEO Hari Menon
Menon and his four other co-founders are quite clear that the space where they operate in itself is so vast that they have hardly been able to scratch the surface
 "BigBasket is focusing on turning profitable in two years: CEO Hari Menon")
Coronavirus: E-commerce gets a boost as customers prefer to stay indoor
Firms like Flipkart, Amazon, Bigbasket witness 30% spike in orders as COVID-19 spreads
 "Coronavirus: E-commerce gets a boost as customers prefer to stay indoor")
Bigbasket aims to go for IPO by 2023, cross Rs 7,000 cr in revenue in FY21
Bigbasket expects to close the current financial year (FY20) with a top line of Rs 5,000 crore. In FY22, it hopes to hit the billion-dollar mark with revenue of Rs 7,000 crore
 "Bigbasket aims to go for IPO by 2023, cross Rs 7,000 cr in revenue in FY21")
