Once seen as the next big thing in online commerce, the euphoria surrounding e-grocery companies seem to have whittled. Online grocery start-ups such as LocalBanya, PepperTap and AAGAAR.com have already shut shop while Grofers continues to struggle to stay afloat, all of which point that the busi…
Tag: Hari Menon
Abraaj, others put $150 million in the Bigbasket
Online grocer BigBasket has raised $150 million (about Rs 1,000 crore) in funding led by Dubai’s Abraaj Group, as it seeks to establish its turf through expansions and by strengthening its express delivery service to overcome competition from younger rivals. An investor said that the compan…
Bigbasket now to deliver goods on electric vehicles
Online grocery retailer BigBasket has signed on a range of electric vehicles to increase efficiencies and cut down on operating costs as part of its environment-friendly initiatives. The company, which is likely to close a fresh round of funding with participation from International Finance Corpo…