An increasing number of customers today are going online to meet their festive requirements with spending during Ramzan 2024 growing by 50 per cent as compared to last year’s Ramzan, according to Simpl Checkout Scan. These spends were almost 30 per cent higher than normal for a business month with categories such as food and beverages […]
BigBasket, a grocery e-tailer, has created a new frozen food brand called Precia in conjunction with chef Sanjeev Kapoor, according to a press statement issued on Tuesday. Precia will provide three product categories: frozen veggies, frozen nibbles, and frozen sweets, according to the statement. “We aim to redefine the landscape, meeting the growing demand for […]
Big Basket, an online supermarket owned by the Tata Group, plans to go public in 2025 after becoming profitable, the news agency PTI reported citing a top official. The Bengaluru-based firm, which is part of Tata Digital, will become profitable in the next 6-8 months after the newly announced ‘BB Now’ vertical begins to generate revenue, […]
BigBasket’s move into offline retail is intended to bridge the gap between offline and online experiences, as well as support its ambitious expansion plans amid rising competition in grocery retail, according to data and analytics firm GlobalData. The move comes at a time when consumers in India continue to prefer offline grocery stores. According to […]
BigBasket, a Tata group-owned grocery unicorn, has started testing its large format supermarket mode in Hyderabad. Earlier the company began testing its offline retail model with tech-driven, self-serviced fruits and vegetables outlets in Bangalore last year. On Wednesday, the digital first startup opened its first full-fledged supermart in the country in Hyderabad’s IT corridor, with […]
After raising USD 200 million, the Tata Group-owned online grocer BigBasket is looking to make an IPO foray by 2025. BigBasket is presently valued at USD 3.2 billion. According to media reports, the e-commerce major will launch an initial public offering over the next 24 to 36 months. However, the group is looking to raise […]
