Grofers

Alibaba Gets CCI Nod To Invest In Grocery Delivery startup Bigbasket

Just around a month immediately after seeking the acceptance of the Opposition Fee of India (CCI), it looks that Jack Ma-led ecommerce behemoth Alibaba has obtained the regulator’s nod to invest in hyperlocal grocery supply startup Bigbasket. According to CCI’s “Summary of the Combination”,  Alibaba.com Singapore E-commerce, a subsidiary of Alibaba Team Keeping, will be…

Read More...

8 Important Indian Startup News Of The Week [4-9 December]

We deliver you the weekly dose of essential Indian startup information of the week. One of the most interesting Indian startup information of the week was, PhonePe reporting, that it has processed above 1 Mn day-to-day transactions value above $15.4 Mn (INR 100 Cr) each working day in November. Also, the application has obtained a…

Read More...

Alibaba Seeks CCI Nod To Buy Stake In Online Grocery Startup Bigbasket

In a bid to get a stake in on the net grocery startup Bigbasket, Chinese ecommerce huge Alibaba has reportedly sought the acceptance of the Levels of competition Fee of India (CCI). The information arrives four months after the Jack Ma-led organization and Paytm Mall initiated discussions with Bengaluru-dependent Bigbasket for a potential $200 Mn…

Read More...

Flipkart Pilots Online Grocery Delivery Service Supermart In Bengaluru

As news of Amazon India delaying its entry in the meals retail circled the ecosystem, Flipkart has taken nevertheless another move to bolster its presence in the on the net grocery segment. The ecommerce unicorn has designed a soft start of its on the net grocery shipping services, ‘Supermart’ in Bengaluru. For now, the services…

Read More...

Grocery Startup Bigbasket Raises $8.02 Mn Funding To Take On Grofers

In a bid to compete efficiently with Grofers, on the net marketplace grocery shipping and delivery, the inventory-led organization BigBasket has raised $8.02 Mn (INR 52 Cr) in funding from four of its existing investors. Investors who participated in this round of funding consist of Abraaj Basket, Bessemer Undertaking Associates together with International Finance Corp…

Read More...