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Amazon plans online food venture in India

Friday, February 3, 2017 | More »

Amazon plans online food venture in India
US-based Amazon.com Inc has reportedly sought government of India’s approval to launch a wholly-owned online venture which can stock and sell food products in the country. Amazon is planning to invest $500 million for this project and has applied to the Department of Industrial Policy and Promotio...

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Will a possible BigBasket-Grofers merger stave off competition from Amazon?

Online grocers BigBasket and Grofers have both rejected a media report of a possible merger. This has not prevented experts from speculating about what could probably be the biggest merger in the e-grocery segment. Such a consolidation would create an entity with a lion’s share of India’s expand...

16 January, 2017 | More »

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Grofers FY16 revenue drops, losses widen

Locodel Solutions Pvt Ltd, the company behind hyperlocal delivery startup Grofers, reported a sharp drop in revenue and a multifold jump in losses for 2015-16. Revenue for the year through March 2016 fell 32% to Rs 58.34 lakh from Rs 86.38 lakh the previous year, the company’s annual report filed ...

11 January, 2017 | More »

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Flashback 2016: SoftBank stays on sidelines, tanks up for future

By its lofty standards, 2016 was a relatively quiet year for the SoftBank juggernaut. The telecom and Internet conglomerate, which put copious amounts of money in Snapdeal, OYO Rooms and Grofers in the previous year, stayed away from making any fresh investments in India. This uncharacteristic quiet...

29 December, 2016 | More »

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Flashback 2016: Six startups that pivoted this year

Some entrepreneurs get it right the first time and succeed, some just give up. And then there are some who don’t get it right the first time but don’t give up either. What do they do? They pivot. As the euphoria of 2015—when investors were rushing to back startups in India—faded away, 2016 t...

28 December, 2016 | More »

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BigBasket targets 45% revenue from private labels by March 2017

The country’s top online grocer, BigBasket, is ramping up its private label business eyeing higher margins. It expects private labels to contribute 45% to its overall revenue by March next year; currently, that number stands at 33%. Over the next three months, the Bangalore-based company will ...

22 December, 2016 | More »

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Online hypermarket operator urDoorstep bags $1.4 mn

Raising its second bridge round in six months, Bengaluru-based online hypermarket operator urDoorstep Eretail Pvt. Ltd has secured $1.4 million (Rs 10 crore) in funding. While Rs 5 crore was raised as debt from Lakshmi Vilas Bank, an equal amount was invested by an unnamed high net-worth individual....

5 December, 2016 | More »

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Softbank-backed Grofers tweaks biz model to take on BigBasket

For on-demand online grocery delivery service provider Grofers, 2016 has been a year of change. The Gurgaon-headquartered startup not only scrapped its app-only model and launched a website; it has also quietly revamped its business strategy and operation processes. Grofers, which earlier operated o...

5 December, 2016 | More »

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How SoftBank’s local portfolio firms have fared as chairman Son visits India

Not many investors can boast of a portfolio which is more than half full of unicorns. Japanese telecom and Internet conglomerate SoftBank Group Corp happens to be one such investor in India. Of its seven portfolio firms, four – Hike, Ola, Snapdeal and InMobi – are unicorns, meaning each startup ...

2 December, 2016 | More »

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SoftBank’s Masayoshi Son to visit India; big announcement on Ola expected

SoftBank Group Corp chairman and managing director Masayoshi Son is coming to India early December when the Japanese telecom and Internet conglomerate is expected to make a few high-profile announcements, said two people directly aware of the upcoming visit. SoftBank is one of the largest investors ...

21 November, 2016 | More »

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