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News on Medial
Bigbasket launches SaaS platform BB Matrix to help legacy businesses enter the e-commerce space | Mint
Livemint
·
1y ago
Medial
Bigbasket has launched a software-as-a-service-based supply chain platform called BB Matrix to assist e-commerce companies in managing their supply chains and operations. It aims to offer three SaaS products - a warehouse management system, a transportation management system, and an order management system. The platform will help legacy brands transition into the e-commerce space and target mid-to-large-stage companies in industries like omnichannel retail and manufacturing. Despite increased competition in the e-commerce industry, Bigbasket believes there is ample market potential for its new business vertical.
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Related News
BigBasket set to fully play in quick commerce league
Economic Times
·
11m ago
Medial
BigBasket, India's largest e-grocer, plans to transition into a full-scale quick commerce platform to meet the rising demand for rapid deliveries. The company's BB Now, which currently offers 10-30 minute delivery service, will exclusively focus on quick deliveries starting next month. BigBasket aims to generate $1 billion of its $1.5 billion sales target for the year through quick commerce. By adopting multiple dark stores and large warehouses, the company plans to address demand by carrying a wide range of grocery and non-grocery items. Other players in the quick commerce space include Blinkit, Zepto, and Swiggy Instamart.
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How Unesync Is Supercharging Small and Medium Businesses In India
Inc42
·
1y ago
Medial
Unesync, a fintech SaaS platform, aims to become the go-to financial tool for micro, small, and medium businesses (MSMEs). The platform offers a suite of accounting solutions, including GST-compliant e-invoice and e-bill generation, and aims to help digitalize India's 63 million MSMEs. The fintech SaaS space in India is expected to grow from $4.6 billion in 2022 to $31 billion in 2030, with a CAGR of 27%. Unesync's CEO, Rohan Chopra, believes that fintech SaaS should explore niche, specialized use cases to cater to the diverse needs of small and medium businesses.
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Velocity launches Rs 300 Crore growth capital fund for Indian B2B SaaS companies
OutlookIndia
·
1y ago
Medial
Velocity, a data-driven financial solution provider, has introduced a 300-crore growth capital fund in India to support the next generation of B2B software-as-a-service (SaaS) businesses. The company offers customized financial solutions and partnerships with leading financial entities. Their fixed-term credit product provides financing proportional to monthly recurring revenue for SaaS businesses. Velocity aims to empower these businesses with flexible capital solutions to navigate challenges in customer acquisition and financing. Founded in 2020, Velocity plans to double its e-commerce disbursements and expand into new sectors in the future.
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Bigbasket’s quick commerce order value in small cities matches metro average
Livemint
·
10m ago
Medial
Bigbasket, an online grocery delivery platform in India, is witnessing strong growth in the tier-2 markets. The average order values for Bigbasket's quick commerce service in these areas are similar to those in metro cities. The company has started pilot projects in smaller towns and is seeing good response as more customers shift to quick-commerce for instant purchases. While it is still early in tier-3 markets, Bigbasket is optimistic about its prospects. The company has been focusing on its quick commerce arm, BB Now, which is yet to become profitable, and plans to expand its stock keeping units (SKUs) and dark stores. Overall, Bigbasket's operating revenue increased in FY24, but the market remains competitive with players like Amazon, Flipkart, and Reliance Retail entering the quick commerce space.
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Flipkart co-founder Binny Bansal launches new startup OppDoor, know details
Livemint
·
1y ago
Medial
Flipkart co-founder Binny Bansal has launched his new startup called OppDoor, which aims to provide end-to-end solutions to e-commerce companies. OppDoor will offer services related to design, product, human resources, and other backend support to enterprises looking to expand their businesses globally through platforms like Amazon. Registered in Singapore and established in May 2021, OppDoor aims to help firms achieve e-commerce excellence across eight countries, including the US, UK, Canada, Australia, Germany, Japan, Mexico, and Singapore.
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Bengaluru SaaS startup ProcUrPal simplifies e-procurement for SMEs
Inshorts
·
3m ago
Medial
Bengaluru-based SaaS startup ProcUrPal, founded by Vikas Chadda, is simplifying e-procurement through its AI-powered platform. Frustrated by the inefficiencies he witnessed in the legacy procurement systems, Vikas built the AI tool that automates tendering, vendor evaluation, and auctions, cutting sourcing time by half. Targeted at SMEs, it offers customised pricing and ERP integration.
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Nigerian embedded finance platform Anchor raises $2.4M to expand product offerings
TechCrunch
·
1y ago
Medial
Nigerian banking-as-a-service (BaaS) provider Anchor has secured $2.4 million in seed investment led by Goat Capital. The firm, founded in 2022, offers APIs, dashboards, and tools to assist developers in embedding banking solutions. Anchor works with regulated banking institutions to help businesses expedite the process of building banking products. The firm has expanded its offerings to include business accounts, card issuance, bill payments, cross-border payments, and more. It has over 270 clients, including fintechs, SaaS firms, and e-commerce businesses, and has generated more than $550 million in annualized total transaction volume.
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Next-gen e-commerce: BigBasket’s Hari Menon to track the quick-commerce surge and currency of speed amid big opportunities—register now to join the Fireside chat at ET Soonicorns Summit 2024
Economic Times
·
10m ago
Medial
The e-commerce sector in India is projected to grow from $3.349 billion to $9.951 billion by 2029. Quick commerce, which focuses on accessibility and fast deliveries, is driving the growth of leading FMCG companies in the e-commerce space. To discuss this, Hari Menon, Co-Founder of BigBasket, will be speaking at the Economic Times Soonicorns Summit in Bengaluru. Menon, a pioneer in India's e-commerce landscape, will share insights on the rapid growth of quick commerce and BigBasket's strategies for success. The summit will feature discussions on various topics within the startup ecosystem of India.
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Quick commerce boom: A look at top developments in rapid delivery space
Economic Times
·
11m ago
Medial
Several major players are planning to enter the quick commerce segment in India. Amazon India is set to launch its offering in early 2022 and is considering buying a stake in Swiggy's Instamart. BigBasket is pivoting to become a full-scale quick commerce platform, offering rapid deliveries. Swiggy has appointed a new CEO for Instamart and Bollywood superstar Amitabh Bachchan's family office has acquired a small stake in the company. Flipkart has introduced a quick delivery service called Minutes, while Zepto is looking to raise $310 million in funding. Ola is also planning to enter the dark stores space for quick commerce, and logistics companies like Ecom Express, Shadowfax, and Loadshare are venturing into the quick delivery business.
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SaaS Startup Pepsales Bags Funding To Facilitate Businesses With Customised Product Demo
Inc42
·
10m ago
Medial
SaaS startup Pepsales has raised INR 9.1 Cr ($1.1 Mn) in a pre-seed funding round from Chiratae Ventures. Pepsales offers a demo automation service for B2B businesses, enabling them to quickly generate cloud-based demos in the SaaS space. The Bengaluru-based startup was founded by Ajay Singh and Abhinandan Sahgal in 2020.
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