grofers News of 07/02/20
JioMart, The E-Commerce Venture From India’S Richest Man, Launches In Additional Cities
The rationale behind the deluge of dollars flooding into billionaire Mukesh Ambani’s Reliance Jio Platforms is beginning to become more clear as his e-commerce venture JioMart starts rolling out to more people across India. An e-commerce ...
Indian Online Grocery Startup BigBasket Raises $60m
Indian grocery startup BigBasket has raised $60 million as it scales its business in the country to meet growing demand from customers stuck at home. Alibaba and other existing investors including Mirae Asset and CDC Group participated in the ...
India’S Milkbasket In Talks To Raise Over $50m
Milkbasket, a Gurugram-based micro-delivery startup, is in talks to close a new financing round as it looks to expand its footprints in milk, groceries, fruits, and vegetables delivery market that has attracted the attention of many in recent months ...
Amazon, Reeling From Recent Regulatory Hurdles, Pumps $404m Into Its India Business
Following months-long intense regulatory setback in India, Amazon is moving back to spending big bucks to grow its business in the world’s second largest internet market. Amazon has infused Rs 2,999 crores ($404 million) in its India ...
Key Vision Fund Investors Are Reportedly Lukewarm On A Second Fund
SoftBank shook up the venture capital world with its unprecedented $100 billion Vision Fund, and the speculation continues around its follow-up. The fund hasn’t quite closed $100 billion — it is mighty close… — but that ...
Online Grocery Startup Grofers Lands $200m Led By SoftBank’S Vision Fund
Hot on the heels of Indian delivery startup BigBasket raising $150 million — at a unicorn valuation, no less — so its close rival Grofers has also pulled in capital after it announced a $200 million raise to battle its local ...
Grocery Startup BigBasket Becomes India’S Newest Unicorn With New $150m Investment
India has a new unicorn after BigBasket, a startup that delivers groceries and perishables across the country, raised $150 million for its fight against rivals Walmart’s Flipkart, Amazon and hyperlocal startups Swiggy and Dunzo. The new ...