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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The salt-to-software group hopes the addition of the popular grocery platform will give its online presence a boost and underpin its super app ambitions.
Editor's note: BigBasket, India’s largest online fresh foods retailer, may be getting ready to say ta-ta to its independent existence. It could soon be a part of the Tata group. The acquisition of the Bengaluru-based unicorn (a startup valued at or over $1 billion), if and when it happens, will be among the biggest investments in the salt-to-software conglomerate’s 153-year history. Talks have been on for months and have reached the final stages now. If the grapevine is to be believed, the Tatas could fork out in the neighbourhood of $1.2 billion for a 60% stake in the e-grocer. On paper, it looks like a match made in heaven. BigBasket could be the missing piece in the Tata group’s grand digital plans, driven by Tata Sons chairman N. Chandrasekaran. It is a business that draws hundreds of thousands of customers every day, the kind of throughput an e-commerce foray needs to mitigate costs and (maybe) make profits. BigBasket is also a market leader in the e-grocery segment and sells over 20,000 products across 1,000-plus brands on its platform. It has withstood withering …
Their earnings define consumption amidst disruption in a roller-coaster quarter. Separately, the fragile Iran ceasefire has begun to fray.
The relatively new online marketplace seems to be doubling on its UAE momentum. We take a look at what is at stake.
Co-founder Lisa Suwal talks about how she scaled a family deli-meat business without a single rupee of venture capital and her decision to sell to ITC.
