Tag: Bigbasket

Government allows 100% FDI for online grocery startups

In a boost to retailers and grocery startups such as Bigbasket and Grofers, the government on June 20 allowed 100% FDI in food retail, including through e-commerce, provided such items are produced, processed or manufactured in the country. This will allow multi-brand retail giants such as Walmar…

Startups nudge staff to change work culture

Employees at startups, which were once fledgling firms but are now established in their fields, are being given challenging KRAs, key result areas to measure performance outcomes. A highly competitive operating environment is driving this shift towards a new work culture. While Bigbasket has told…

Fresh breed of rich individuals are investing in startups

Bengaluru-based interior decor startup MyGubbi raised $2.5 million (Rs 16.5 crore) from as many as 30 individuals in March. Given the chariness towards startups, it’s not surprising that so many people pitched in— the risk gets divided more. What did raise eyebrows was that more than half o…

Grofers fruits & veggies under ‘Freshbury’

Grofers, the food and grocery hyperlocal, is tweaking its business model to a partly inventory-led one, CFO Ashneer Grover told. The company has decided to sell fruit, vegetables and staples under a private label — Freshbury — and these will be sourced from Grofers India’s sister concern. Grover …