bigbasket

Quick commerce platforms in India, including Swiggy Instamart, Zomato’s Blinkit, bigbasket’s BBNow, and Zepto, plan to expand services to include electronics and white goods by Diwali, delivering within 10-45 minutes.

Complaint filed against Flipkart, bigbasket for making delivery staff work on Tamil Nadu voting day despite government holiday. Concerns raised over potential rights violations. Flipkart assures paid holidays for eligible employees.

Walmart-owned Flipkart aims to enter India's hyper-grocery market, competing with BlinkIt, Instamart, Zepto, and bigbasket. It plans to launch an instant-delivery service in May, leveraging its supply chain infrastructure for same-day and next-day delivery options. Flipkart is also exploring to acquire Dunzo. Grocery delivery companies have also been working to cut down on the delivery times.

Zepto announces the rollout of Zepto Pass, a paid subscription service, to drive adoption of quick commerce in India. Zepto Pass offers free deliveries and discounts, with an introductory offer of Rs 39 for the first month.

Tata Group is entering the online food ordering sector with its 'super app' Tata Neu, using the government's ONDC. The app plans to start its food delivery service and cross-sell its other products, including apparel, jewellery, grocery, electronics, and flights. Tata Neu will integrate with ONDC and work with Magicpin as a technology service provider. Magicpin has helped other companies with their ONDC integration and is the largest seller-side platform on ONDC in terms of restaurant onboarding.

bigbasket, Flipkart, and Urban Company have implemented a minimum wage policy to ensure their workers earn the local minimum wage. The Fairwork India Ratings 2023 report revealed that these platforms have met the minimum wage policy criteria for the second consecutive year. Urban Company plans to onboard an external auditor to conduct audits of its payment calculation and reimbursements. However, no platform scored more than six out of ten points across the five Fairwork principles.

Blinkit, a quick commerce firm owned by Zomato, reported a widening of losses to Rs 1,191.5 crore in FY23, compared to Rs 1,020.1 crore in FY22. The company's expenses increased by nearly 54% to Rs 1,939.2 crore. Despite this, revenue from operations grew to Rs 724.2 crore in FY23. Blinkit competes with Zepto, Swiggy Instamart, and bigbasket's BB Now.

bigbasket, owned by Tata Group, aims to achieve profitability in six to nine months, according to co-founder Vipul Parekh. The company's slotted grocery delivery business is already profitable, while its quick commerce business is expected to become profitable in the next six to nine months. bigbasket's losses for its business to consumer arm increased to Rs 1,535 crore in FY23. The company is also considering expanding its offline presence and may prepare for an IPO in 2025.

Two US lawmakers have asked the Biden administration to strengthen export controls on artificial intelligence (AI) chips. The letter from Mike Gallagher and Raja Krishnamoorthi, who chair the House of Representatives select committee on China, called for the rules, implemented last October, to be further strengthened and for China's access to advanced computing chips in the cloud to be cut off.

Set up in 2011 by five founders, including 58-year-old Parekh, bigbasket will use the freshly raised funds to bolster its quick commerce arm and expand its countrywide footprint to cement its dominance.

RentoMojo, an Indian furniture and appliance rental service, has fallen victim to a data breach. The platform identified that its databases had been accessed by hackers, which compromised the personal data of some users. The company has reported the breach to the appropriate authorities and is fully cooperating with the investigation. While financial information was not affected, the company has yet to disclose the extent of the breach.

Tata group-owned grocery unicorn bigbasket, which began testing its offline retail model last year with tech-driven, self-serviced fruits and vegetables outlets in Bengaluru, is now piloting its large format supermarket model in Hyderabad.

Even if FSSAI were to proceed with its star rating system the latest survey finds that 7 in 10 consumers want atleast the ultra-processed foods to carry a RED label/bar on Front of the Pack for easy identification.

While the consumers’ reliance on doorstep delivery has increased substantially due to the social distance and other Covid-related norms, last-mile delivery service providers like BlinkIt (erstwhile Grofers), bigbasket, etc. have started focusing on electric vehicles for their delivery fleet.

Shares of Zomato fell as much as 8.2% on Tuesday, extending losses for a second straight day as investors questioned the rationale of the company's deal to buy local grocery delivery startup Blinkit. The Ant Group-backed food delivery firm said on Friday it would acquire Blinkit for Rs 4,447 crore ($568.16 million) in stock, as it tries to gain a foothold in the fiercely competitive quick delivery market.

Zyngo EV Mobility says that its fleet shall consist of around 60% electric two-wheelers (2W) and 40% electric three-wheelers (3W).