Tata Sons wants BigBasket to secure up to $1 billion in external funding to reclaim its lost ground in India's quick commerce sector.
The grocery delivery platform, owned by Tata Digital, has lagged behind Blinkit, Zepto, and Swiggy Instamart.
Ta
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Anonymous 1
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BigBasket was built for scheduled grocery deliveries, not 10-minute impulse buys. Blinkit, Zepto, and Swiggy Instamart have already nailed the quick commerce model. Tata throwing $1 billion wonโt magically make BigBasket a serious contender overnight.
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gray man
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Tata Sons wants BigBasket to secure up to $1 billion in external funding to reclaim its lost ground in India's quick commerce sector.
The grocery delivery platform, owned by Tata Digital, has lagged behind Blinkit, Zepto, and Swiggy Instamart.
Ta
Zepto is in a very tough situation nowadays. Their main business of instant grocery delivery is fast losing money, their biggest investor Y combinator just stopped growth stage fund YC Continuity. They have to see other investors or IPO but for ipo t
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Contrarian take: Tataโs Bigbasket and not Zepto is Indiaโs q-com dark horse ๐๐
And I have five reasons why. Letโs dive into some crazy stuff!
..
One ๐
The Tata Group company had been reported to have just a 5% market share a few months back.
๐ฎ ๐๐๐ฎ๐ป๐ณ๐ผ๐ฟ๐ฑ ๐๐๐๐ฑ๐ฒ๐ป๐๐ ๐๐ต๐ผ ๐ฐ๐ฟ๐ฒ๐ฎ๐๐ฒ๐ฑ ๐ฎ ๐ต๐ถ๐๐๐ผ๐ฟ๐ ๐๐ถ๐๐ต ๐ญ๐ฌ ๐บ๐ถ๐ป ๐ฑ๐ฒ๐น๐ถ๐๐ฒ๐ฟ๐ ๐๐ป๐ถ๐ฐ๐ผ๐ฟ๐ป !!
๐๐'๐ ๐ญ๐ฒ๐ฝ๐๐ผ !!
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Harsh Dwivedi
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Medialย โขย 5m
Top News of the Day:
1. Convin secures $6.5 million in funding for expansion plan
2. BigBasket, India's largest e-grocer, plans to transition into a full-scale quick commerce platform to meet the rising demand for rapid deliveries.
3. Apple has a
