According to a report, the discussion with Urban Ladder has been going on for the last few months and is now at an advanced stage
The company is eyeing to fill the white spaces as it were and expand its offering as an omni-channel operation
The start-up in Jan had appointed Morgan Stanley and Goldman Sachs to assist it in raising $150 mn by July
Milkbasket is present in four cities so far including Gurugram, Noida, Bengaluru and Hyderabad. Goel said, the company had achieved break-even in three cities and Hyderabad would join the list soon
Cities like Delhi NCR and Mumbai, have introduced online tokens where the consumer needs to sign up on the online portal of the states' 'respective liquor distribution agency and place an order
GlobalData said Chinese investors have been making their presence felt in a big way in the Indian start-up ecosystem over the last few years.
BevCo, the sole wholesaler of liquor in West Bengal, also invited two Kolkata-based companies -- Senrysa Technologies Pvt Ltd and Golden Goenka Commerce Pvt Ltd for the signing of agreements
While the Flipkarts and Amazons are burying differences and banking on each others' strengths, vendors are altering production lines to sell masks, PPEs and other Covid-related merchandise
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
Firms that provide urban commuting warm up to new realities as lockdown relaxes
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
Companies say low-unit packs as well as lesser-known brands seeing greater traction during lockdown
CEOs warn of economic depression, say need to work within new normal
BigBasket CEO Hari Menon says more consumers will shop online than depending on traditional means after Covid
National e-com marketplace to be launched shortly, to be world's largest e-com portal
What is aggravating the situation is that e-commerce firms are facing huge shortage of delivery personnel.
The hiring by BigBasket will be done across 26 cities where the company delivers
Online grocery, which is barely about four per cent of India's $600-700 billion grocery market, has seen an overnight surge.
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
A B2B alliance, Uber's drivers will initially help BigBasket with last-mile delivery in Bengaluru, Hyderabad, Chandigarh and Noida