BigBasket, India’s biggest online supermarket, is in the process of raising about $150 million in funding from investors including Alibaba. South Korean firm Mirae Asset and U.K. government-backed development finance institution CDC Group are also contributing to the round, according to Deal Street Asia. This latest...
In the online grocery and delivery space, the Amazon effect is palpable. Any number of players are jockeying for position, hoping to gain a larger share of consumers’ minds and wallets. But with miles of aisles, the pickings are mostly packaged — and the delivery...
Chinese eCommerce giant Alibaba and India-based digital payment company Paytm are gearing up to invest around $200 million in Indian online grocer BigBasket. According to a report in VCCircle, citing people familiar with the matter, an announcement about the investment could come any day. With the investment...
February 11, 2020
For its three years in operation, Brandless generated no shortage of buzz with its concept of “private label for less” and the idea that the best brand is no brand at all. The secret sauce, according to then-CEO Tina Sharky when PYMNTS spoke to her in 2017, was its elimination of what she called “the […]
March 29, 2019
BigBasket, India’s biggest online supermarket, is in the process of raising about $150 million in funding from investors including Alibaba. South Korean firm Mirae Asset and U.K. government-backed development finance institution CDC Group are also contributing to the round, according to Deal Street Asia. This latest round of funding brings the startup’s valuation to between $2 […]
August 30, 2018
In the online grocery and delivery space, the Amazon effect is palpable. Any number of players are jockeying for position, hoping to gain a larger share of consumers’ minds and...
September 13, 2017
Chinese eCommerce giant Alibaba and India-based digital payment company Paytm are gearing up to invest around $200 million in Indian online grocer BigBasket. According to a report in VCCircle, citing people familiar...
