Page 6 - Bigbasket
Bigbasket eyes $200 mn investment in fresh funding in next few months
The fund will be used largely for marketing, and to develop infrastructure and technology
 "Bigbasket eyes $200 mn investment in fresh funding in next few months")
The challenge is acquisition of new customers: BigBasket CEO Hari Menon
Subscription-based services will fuel the e-grocer's cross-platform push
 "The challenge is acquisition of new customers: BigBasket CEO Hari Menon")
'Soonicorns': Bullish BigBasket just $50 million shy of billion-dollar club
In the first of a five part series on soon-to-become unicorns, Business Standard takes a close look at BigBasket's business model
 "'Soonicorns': Bullish BigBasket just $50 million shy of billion-dollar club")
How five dotcom survivors built a $950 million e-grocery startup in India
In a country where groceries account for half of the almost $1 trillion retail market, Bigbasket is using knowledge learned the hard way during the dotcom era
 "How five dotcom survivors built a $950 million e-grocery startup in India")
Online grocery BigBasket to enter offline to beat back Amazon, Flipkart
Mulls setting up kiosks for stocking daily groceries, plans to start its own subscription service for milk and bread
 "Online grocery BigBasket to enter offline to beat back Amazon, Flipkart")
BigBasket eyes 20 mn customers; to spend Rs 5 bn in farmer sourcing, tech
This will enable the company to then allocate its resources towards media spending and other activities to achieve its growth targets
BigBasket widens offline cart
To make the shift in strategy a success, it needs to acquire a host of new capabilities
 "BigBasket widens offline cart")
BigBasket FY16 losses up 363% to Rs 278 cr
The Bengaluru-based online grocer saw employee costs grow three and half times to Rs 91 cr in fiscal 2016
Merger of BigBasket and Grofers just doesn't make any sense
BigBasket says it averages about 50,000 orders in a day, reports Tech In Aisa
 "Merger of BigBasket and Grofers just doesn't make any sense")
Bigbasket expects operational break-even by Feb 2017
With a presence in 25 states, the online grocer is also looking at offering place-of-origin products to its clientele
BigBasket targets Rs 2,000-cr revenue in 2016-17
Grocery e-tailer plans to increase number of farmers in centres from 1,100 to 3,000 by Mar
BigBasket raises $150 million from Abraaj Group
Abraaj has been present in India since 2006 & the partnership with BigBasket marks its third investment in India.
 "BigBasket raises $150 million from Abraaj Group")
BigBasket raises $150 million in funding to expand services in smaller cities
The online delivery service raised funds through UAE's Abraaj Group
 "BigBasket raises $150 million in funding to expand services in smaller cities")
