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    Govt initiatives focus on transition, but better markets needed to scale up organic farming: CSE report

    According to a report by the Centre for Science and Environment (CSE), providing market access, better marketing, and help with transitioning to organic farming are the main issues that need to be addressed to increase organic farming in India. While transitioning is getting more traction, not much effort exists to create better markets.

    Exclusive | BigBasket raises $200 million from Tata Digital, others; valuation hits $3.2 billion

    CEO Hari Menon outlines quick commerce expansion, bringing 1mg on its app . The funding takes e-grocer’s valuation to $3.2 billion.

    BigBasket looks to raise $200 million at up to $3.5 billion valuation

    “The company continues to grow 40% annually as projected earlier internally. This financial year ending March 2023, the company is expected to generate sales of $1.5 billion (net of discounts),” said one of the people cited above. ET had reported that it became the second vertical ecommerce player to have crossed gross sales of $1 billion in FY21.

    BigBasket gets Rs 1,000 crore investment from its holding company

    Tata Digital owns an around 64% stake in Supermarket Grocery. Innovative Retail Concepts was made a subsidiary of Supermarket Grocery after Tata Digital acquired the BigBasket operator, ET had reported in October last year.

    Lenskart eyes $250M funding; BigBasket bags Rs 1,000 crore; N Chandrasekaran is Tata Digital chairman

    Lenskart, the omni-channel eyewear retailer, is in advanced talks to raise a quarter of a billion dollars from Alpha Wave and others at a valuation of up to $5 billion. But its IPO plans, like those of other startups, are on hold until market conditions improve.

    Amid a 10-min rush, BigBasket plans one-hour delivery with more products on offer

    The service will be launched next month and will be powered through the company’s 62 large-scale dark stores, cofounder and chief executive Hari Menon told ET. Delivery from these warehouses will be mostly through bikes.

    The Economic Times
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