The company has confidentially filed documents with the Securities and Exchange Commission to start the process for a stock market listing
The firm, which was launched 9 months back by two 19-year-old Stanford dropouts, has raised $200 million Series D fundraise, valuing the quick commerce company at around $900 million
The e-commerce giant seeks to expand its supply chain network across the country to provide groceries like fruits and vegetables to customers
BigBasket co-founder and CEO Hari Menon said that the company will significantly scale up offline stores from 90 to 695 in a year to reach out to 100 per cent of its customer base.
Finger in too many pies? Market doesn't reward confusing narrative, they say
In less than a year, 'Dunzo Daily' is growing at a rate of more than 100 per cent month on month and is expected to fulfill more than 200,000 orders per day by June 2022
Meesho Superstore currently provides 500 products across categories like fresh fruits, vegetables, groceries, home care, and packaged food.
The company expects to complete the integration of the grocery business by the first week of May and will rebrand it from Farmiso to Meesho Superstore.
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Online food-delivery platform Zomato is set to take over Blinkit -- which pioneered the 10-minute grocery delivery as Grofers. And it's a win-win deal for both. Find out more about the proposed merger
Sources say what is under discussion is a share-swap deal in which Blinkit would be valued at around $750-800 million
The company has launched its third grocery fulfilment centre in Amta in West Bengal's Howrah district to meet the growing demand in the eastern region
The board approved acquisition of 16.66 per cent take in food robotics and automation firm, Mukunda Foods Pvt Ltd
Quick commerce is becoming the next major segment in terms of category growth
As quick grocery delivery under 10-15 minutes time period becomes new growth arena globally, India's quick commerce market is set to witness 15 times growth by 2025, with market size of nearly $5.5 bn
According to the survey, one in 10 households buying groceries online is placing over 10 orders a month via quick commerce apps
The udan-owned firm is benefitting immensely by riding on the massive Kirana stores, supply chain and logistics network and sourcing capabilities of udaan
Plans mass expansion with 100 new powered by FreshToHome stores
The expansion of BigBasket's coverage is also taking place in the form of Fresho stores, the physical retail outlets established by the company
Competition is already intense in India's $600-billion grocery retailing industry, populated by the likes of Amazon, Walmart's Flipkart and Indian billionaire Mukesh Ambani's Reliance