bigbasket

Online grocer BigBasket and ecommerce major Flipkart have both cut down on their delivery timeline over the past two months amid increasing competition from quick commerce firms like Blinkit and Zepto and rising consumer demand for speedy delivery even in non-metro cities.Tata Digital-owned BigBasket in January announced its rebranding for slotted delivery service, which allows users to pick a slot to get their groceries delivered, to “Supersaver”, promising to deliver products in under two hours.Elevate Your Tech Prowess…

Tata Digital-owned online supermarket BigBasket said it is not in a rush to broaden its product portfolio and will continue to focus primarily on grocery even as quick commerce rivals such as Zomato-owned Blinkit and Mumbai-based Zepto are rapidly diversifying into newer categories.“We evaluate new categories carefully and are very careful about entering segments beyond grocery... For now, we’ll remain a grocer and depending on the need we will keep adding categories as we go along,” Hari Menon, cofounder and CEO of…

The old building on Bengaluru’s busy Richmond Road had a quaint charm despite the relentless traffic. The occupancy level was low compared with the average trend in the area and next door was a legacy Raj bungalow that added to the serene tone. But all that changed when the basement got a new occupant. At any given point of time a dozen or more youngsters were milling about, e-bikes zoomed in and out of the building, and suddenly the basement had more activity than all the other four floors combined. Just that no one…

Quick-commerce platform Zepto named Nikhil Mittal as its chief technology officer, elevating him from senior vice president of engineering, on Wednesday.Mittal joined Zepto as its first employee more than two years ago, and has been associated with the company since then. His elevation comes after the Mumbai-based startup recently raised $31.25 million in a fresh funding round from existing investors such as Goodwater Capital and Nexus Venture Partners.Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

Quick-commerce platforms reported a surge in orders for items necessary for religious ceremonies following the inauguration of the Ram temple in Ayodhya on Monday. BigBasket’s BB Now, Zepto, Blinkit, and Swiggy Instamart capitalised on the event by promoting the sale of items such as lamps, flowers, incense sticks, coconuts and sweets with the introduction of a separate category for these products on their apps.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT Technology Leadership…

LaundryMate, an online laundry services startup founded by Bigbasket co-founder Abhinay Choudhary, said on Monday that it raised Rs 50 crore ($6.25 million) in a pre-series-A funding from the Blume Founders Fund and multiple angel investors.These included Ola cofounder Ankit Bhati, Boston Consulting Group managing partner Deepak Goyal, Trilegal cofounder Karan Singh and Nutanix India managing director Sankalp Saxena, LaundryMate said in a news release.LaundryMate said it has built India’s largest laundry facility in…

New Delhi: Indian internet users continue to use easily hackable password options such as “password" and its variants such as “Password@123," “password123," “Password@1," and “password1" to…

India's Tata Group-backed BigBasket has initiated a fresh round of funding that could value the online grocery startup at around $3.5 billion (roughly Rs. 28,400 crore), The Economic Times newspaper reported on Tuesday, citing sources.Tata Digital Limited, a unit of Tata Sons, and its investors are likely to lead the new round of funding, which could be as much as $200 million (roughly Rs. 1,627 crore) or more, according to three people briefed on the matter who spoke to ET.In February 2021, Tata Group acquired a 64.3…

Electric vehicle fleet provider BluWheelz said it plans to invest up to USD 15 million (about Rs 120 crore) in one year to deploy around 10,000 electric two-wheelers and three-wheelers for last-mile delivery. The company, which launched its EV fleet as a service (EFaS) operations on Tuesday, will initially own the fleet vehicles and provide services to e-commerce, e-grocery, FMCG, logistics, and D2C (direct-to-consumer) companies. It will also hire around 11,000 people, mostly as delivery partners, BluWheelz Founder…

The shopping season is set to arrive next month, and online delivery firms in the country have begun to speed up hiring of workers for deliveries, according to a report. While the Reserve Bank of India is dealing with the high inflation rate, the unemployment rate in India fell below 7 percent for the first time this year. Companies who do not want to miss out on the shopping season expected in September have increased their workforce ahead of the upcoming holidays.According to a report by Reuters, BigBasket has increased…