Two-wheeler rental startup eBikeGO plan pre-series funding to expand fleet
The company's founder believes that economical cost of delivering at 20 paise per kilometer with a loading capacity of 150 kg, offers great value to the users, over conventional bikes. The eBikeGO bikes delivers a top speed of 55 km/hr and it can run upto 100 kms per charge.
EV makers target delivery, logistics companies to widen market
Greaves Cotton-owned Ampere Vehicles, which makes electric scooters, has made ...
Swiggy & BigBasket CEOs are thick friends, bounce ideas off each other
We have seen plenty of corporate rivalries. However, this one is a tal...
Evolving food habits make India complex to operate in: Sodexo
The $24.2 billion French company, with presence in over 80 countries, operates through two business models in India—on-site services or facility management and the consumer-facing coupons business. India contributes about 7-8% to Sodexo's global revenue.
Road, net shutdowns disrupt e-commerce
Among the many disruptions caused by multicity agitations against the citizenship Act is the effect on deliveries and orders of large e-commerce operators. While online food delivery business has suffered a hit of 25-30%, other online categories have seen a drop of 3-5%, said businesses.
Take three: Flipkart’s $100+ million online grocery bet in India
In its third big shot at online food and grocery, Flipkart pieces together the legs of its strategy through two big investments in seven days — Shadowfax and Ninjacart.
Procter & Gamble India tests Ecomm waters
P&G is currently testing the beta version of the site and the products are sold and the supply chain managed by its Kolkata-based distributor BG Distributor. The website pgshop.in will go live in the next one month or so, said another person familiar with the development. P&G expects to use the learnings from the exercise the “distributor has undertaken.”
Flipkart leads $60 million round in logistics startup Shadowfax
The companies did not disclose the transaction value, but sources briefed on the matter told ET that the investment valued Shadowfax at about $200-$250 million, and is also likely to see other new investors join in.
More preferring online grocery shops: BigBasket
BigBasket said it’s using its partnership with Chinese e-commerce giant- Alibaba to improve delivery and logistics.The retailer, which has shifted from dark stores to large warehousing format, has also implemented Alibaba’s bulk storage mechanism to optimize space.
After WeWork debacle, founders forced to chase profit, not just funds
The depleting market value of global startups has raised alarm bells about loss-making ventures and their business models. The focus, therefore, is growth with profitability, said founders and investors who attended The Economic Times Awards for Corporate Excellence, 2019.
Grofers loss widens to Rs 448 cr in FY19, co says on track to double GMV to Rs 5k cr in FY20
Grofers, which competes with the likes of BigBasket as well as grocery verticals of e-commerce majors such as Flipkart and Amazon, saw its total income grow by over 56 per cent to Rs 83.62 crore in 2018-19 from Rs 53.47 crore in the previous financial year.
BigBasket announces 'big 47 sale' from tomorrow
The offers are live in the 26 Indian cities BigBasket is operational in, the company said in a statement.
Inside Indian Ecommerce sector's favourite logistics hub: Bhiwandi
A city known for its century-old power looms is the nerve centre of India's e-commerce operations.
Flipkart piloting fresh fruits & vegetables delivery in Hyderabad
In December, Flipkart and its US-based parent jointly invested an undisclosed sum in Ninjacart, a fresh produce supply chain startup.
Startups offer mentoring to women staffers for leadership challenges
Startups are prioritising gender diversity in leadership. Other newage companies including Jombay, Healthians, Bigbasket, Uber and Byju’s are stepping up their efforts to nurture future women leaders who can drive growth, product innovation and profitability.
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