🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Tata Group-backed BigBasket plans IPO in two years as business booms
VCCircle
·
5m ago
Medial
India's BigBasket, backed by Tata Group, plans to go public within two years, aiming to capitalize on the increasing demand for quick online deliveries. The company intends to double its business by March 2026 and expand from 35 to about 70 Indian cities. Amidst a booming quick commerce industry, BigBasket, whose revenue is majorly from quick commerce, is also broadening its product range to include electronics, pharmaceuticals, and fashion.
View Source
Related News
Tata funds pause is no 'debt-errent' at 1mg, BigBasket
Economic Times
·
1y ago
Medial
Tata 1mg and BigBasket, two major assets of Tata Digital, are planning to finance their offline expansion through a mix of debt and equity. Tata Digital, backed by parent company Tata Sons, aims to stabilize operations on its superapp Neu before allocating more funds. The capital infusion will help BigBasket compete against rivals in the quick commerce sector, while 1mg plans to rely on debt from banks for its offline business. Despite competition in the online pharmacy segment stabilizing, both companies are focused on improving the consumer experience on the superapp.
View Source
bigbasket revamps slotted delivery service to make it faster
Thehindubusinessline
·
1y ago
Medial
Tata Group-backed bigbasket has rebranded its slotted delivery service as "bigbasket supersaver." The service, which contributes significantly to the company's revenues, focuses on delivering groceries within two hours. The company plans to further enhance efficiency, aiming to deliver products within one hour in the next three to six months. Bigbasket supersaver has been launched in over 40 cities and will be expanded to cover all cities by mid-March. The revamped service offers a wider range of products at lower prices compared to its instant grocery and subscription-based services.
View Source
Tata Tech IPO may set stage for more listings from group
Livemint
·
1y ago
Medial
Tata group's Tata Technologies has initiated its IPO, marking the conglomerate's return to public markets after two decades. The success of this IPO could potentially pave the way for more group companies to consider going public. Both Tata Sons and Tata Capital were categorized as "upper-layer" NBFCs by the RBI, requiring them to go public within three years. Reports suggest that Tata Play and Tata Projects are also potential future listing candidates. The IPO of Tata Technologies involves existing investors and promoters offloading shares, without any fresh capital being raised.
View Source
BigBasket Under Pressure: Tata Sons Pushes for External Funding Amid Quick Commerce Race
OutlookIndia
·
5m ago
Medial
Tata Sons is dissatisfied with BigBasket's performance in the fast-growing quick commerce market, where competitors like Zomato, Swiggy, and Zepto are advancing rapidly. As a result, Tata Sons pushes BigBasket to seek external funding of $1 billion to remain competitive. Despite not leading this funding round, Tata Sons is encouraging BigBasket’s management to bring in financial investors. BigBasket aims for profitability and an IPO by 2025, with its new BB Now service.
View Source
BigBasket turnover declines in FY25 amid rising quick commerce competition - The Economic Times
Economic Times
·
15d ago
Medial
BigBasket, backed by Tata Digital, saw its FY25 turnover drop due to intense competition from Blinkit and Zepto in the quick commerce market. Innovative Retail Concepts’ revenue decreased by 3% to Rs 7,673 crore, with losses escalating to Rs 1,851 crore. Tata Group, which holds a significant stake, previously expressed concerns over BigBasket's performance. The company shifted from scheduled grocery delivery to quick commerce, including a 10-minute delivery service, BB Now.
View Source
BigBasket to join 10-minute food delivery race by FY26, takes on Zomato, Swiggy
Business Today
·
1m ago
Medial
BigBasket, supported by Tata Group, plans to launch a 10-minute food delivery service across India by 2026, aiming to rival Zomato and Swiggy in the quick-commerce market. The service expansion includes increasing dark stores from 700 to 1,200 by 2025, enhancing logistics for rapid delivery. Following a successful pilot in Bengaluru, BigBasket seeks to not only provide speed but also improve service quality to maintain its standing among consumers.
View Source
BigBasket appoints Manish Bajoria as CFO
Economic Times
·
1m ago
Medial
BigBasket, a Tata Group company, has appointed Manish Bajoria as its Chief Financial Officer (CFO). Bajoria brings over 20 years of experience in strategic finance, commercial management, and digital transformation from his previous roles at Vini Cosmetics, Amazon, and Hindustan Unilever. As CFO, he will oversee BigBasket's financial functions and help shape the company's financial strategy during its next phase of development, focusing on scaling and customer service enhancement.
View Source
Quick grocery has caught on, and BigBasket is smiling
Livemint
·
1y ago
Medial
Bigbasket's quick-commerce arm, BB Now, backed by Tata Digital, expects to become profitable within six months. Although the overall profitability target for the grocery startup has been moved to early 2025, the quick-commerce sector has provided significant growth due to its convenience. Bigbasket aims to maintain profitability by tightly controlling costs and leveraging its existing infrastructure. Competition is fierce in the quick-commerce market, with high cash-burn rates and significant losses to sustain growth. Bigbasket views its quick-commerce arm as a marketing channel to drive more customers to its main grocery business.
View Source
SaaS provider Capillary Technologies revives IPO plan
Economic Times
·
9m ago
Medial
Capillary Technologies, a Bengaluru-based customer engagement and loyalty software services provider, is reportedly reviving plans for an initial public offering (IPO). The company has sought proposals from investment banks and aims to file draft papers in 2025. Capillary Technologies had deferred its previous IPO attempt in 2021. The IPO is expected to be larger this time, with the company having grown significantly since then. Capillary Technologies manages loyalty programs for big companies such as Tata Group and Aditya Birla Group, and has made strategic acquisitions to expand its geographic reach and business segments.
View Source
Disney to sell 30% Tata Play stake to Tata Group; transaction valued at $1 bn
Livemint
·
1y ago
Medial
Walt Disney has sold its minority stake in Tata Play, a subscription television broadcaster, to the Tata Group. The deal values Tata Play at approximately $1 billion. This move comes after Tata Group bought the 29.8% stake from Disney, giving them full control of the platform. Tata Play provides pay television and OTT video streaming services and has 23 million connections across India. The Tata Group views Tata Play as a crucial consumer-facing business in the media and entertainment sector. The company had filed for an IPO in 2022 but has yet to go public.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
