CCI gives a Greenlit to Tata’s Proposal to acquire BigBasket

India’s corporate behemoth Tata Group has taken one step closer to make a big dash entry into the burgeoning e-commerce market, after the Competition Commission of India (CCI) on Thursday gave a nod to Tata Digital Limited (TDL) to acquire 64.3% stake in BigBasket. This all-important regulatory approval will set stage for the clash of…

ByGirish ShettiApril 29, 20210Comments

Tech news

Apple will no longer sell HomePod – Top Tech News

Here are the top trending news from the world of technology…check it out 1 Apple will no longer sell HomePod Apple has announced to a leading news tech portal that it will no longer sell the HomePod smart speaker. Apple will discontinue selling the smart speaker brand as soon as it runs out…

ByGirish ShettiMarch 13, 20210Comments

Tech news

Microsoft Edge is updating its browser with kids mode feature – Top Tech News

Here are the top trending news from the world of technology..check it out 1 Microsoft Edge is updating its browser with kids mode feature Microsoft Edge Logo Microsoft has started testing kids mode feature on its edge browser that will bring features that are customized for kids safety while browsing the internet. Although the feature…

ByGirish ShettiFebruary 17, 20210Comments

Acquisitions

Tata inches closer to make foray into Online Grocery Biz

Unless something really goes bad, Tata Group should be making an official foray into the online grocery biz by as early as next week. Sources privy to the matter claim that salt-to-steel conglomerate has almost closed on buying nearly 80% stake in BigBasket for $1.3 Bn. The deal reportedly values India’s largest online grocery store…

ByGirish ShettiDecember 2, 20200Comments

Acquisitions

Milkbasket in Talks with Amazon for Distressed Sale

In yet another apparent sign of consolidation in the online milk delivery space, Milkbasket is now in talks with Amazon for a potential acquisition. The development comes barely weeks after BigBasket acquired DailyNinja. Preceding this acquisition, another prominent player Doodhwala sold its operations to FreshToHome in October last year. The ongoing consolidation has set in as…

ByGirish ShettiApril 18, 20200Comments

Funding News

Bigbasket is eyeing massive funding from Alibaba: Report

Bigbasket is in the advanced stage of closing a $60 Mn funding round that will be spearheaded by existing investors Alibaba and Mirae Asset, according to Times of India (TOI). Along with Alibaba and Mirae Asset, UK’s development finance institution CDC Group will also contribute to the round, TOI’s report further claimed. The upcoming round will…

ByGirish ShettiApril 9, 20200Comments

BigBasket and Grofers are reportedly in the initial stage of merger talks

News

Are BigBasket and Grofers heading for a Grand Merger?

If grapevines are to be believed then India’s two biggest grocery startups – BigBasket and Grofers – are in the initial stage of a possible merger talks. The merger talks have been pushed by their respective investors – Alibaba Group Holding (investor in BigBasket) and SoftBank Group Corp (investor in Grofers). Logically, …

ByGirish ShettiSeptember 17, 20180Comments

News

Alibaba Mulls Integrating BigBasket & XpressBees with Paytm Mall

Alibaba Plans to Integrate BigBasket & XpressBees with Paytm Mall Alibaba is playing a frontal role in integrating services of Paytm Mall, BigBasket and XpressBees. The strategic move may help in increasing the revenue and productivity of all the three firms, in which Chinese e commerce giant Alibaba owns majority as well as minority stakes. Alibaba…

ByGirish ShettiFebruary 12, 20180Comments

News

Paytm Mall Planning to Invest $200 million in Bigbasket, Amazon Eyes Stake in Grofers: Report

Paytm Mall to invest $200 million in Bigbasket: Report. Paytm’s e commerce arm Paytm Mall and its largest investor Alibaba are in talks to pick up significant stake in the online grocery major Bigbasket. The Noida based online marketplace has extended the exclusivity period of their negotiation by another two weeks, according to two people familiar…

ByGirish ShettiAugust 29, 20170Comments

News

Alibaba, Fosun Group and Temasek Vying for Stake in Bigbasket

Reports are rife in media that Chinese e commerce juggernaut Alibaba is vying for a minority stake in Bengaluru based online grocer player Bigbasket. Alibaba will invest in the online grocery player through its Indian e commerce subsidiary Paytmall. The Chinese e commerce behemoth owns nearly 50 percent stake in Paytmall. According to reports, Paytmall is…

ByGirish ShettiJuly 19, 20170Comments

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