Online Grocery

SoftBank has decided to double down on its investment in Grofers

Talks of a merger between Grofers and BigBasket have not progressed

Metro AG may also participate in the funding round

BigBasket has acquired RainCan, Morning Cart and Kwik24

BigBasket has branded the milk delivery service as BB Daily

BigBasket has also built a separate app known as BB Instant

Flipkart Supermart is currently operational in all major pin codes of Bengaluru

Flipkart will expand its online grocery operations first to Hyderabad, followed by Chennai, Mumbai, Delhi-NCR, and Pune

The announcement comes soon after the CCI approved the Walmart-Flipkart deal

• The new model will equip shopkeepers with technology, logistics, and marketing capabilities
• Renu Satti will be leading the charge as the COO of the new model
• Paytm has also planned to partner with national grocery and food chains and online platforms to power new retail

- BigBasket is looking to touch $43.5 Mn in sales by September and $72.6 Mn by March 2019
- The online grocery platform had an annual exit rate of $435.8 Mn In March 2018
- It is also piloting its new offline service with a separate app — 'BB Instant'

The Retailer Plans To Route Deliveries Through Its Neighbourhood Format Stores Easy Day With A Membership Charge Of INR 999

In A Related Development, The Ecommerce Giant Is Planning To Refocus On Its Book Business

The Development Comes Less Than A Month After Rival BigBasket Secured $300 Mn Led By Alibaba

The Development Comes Just Over a Month After The Startup Raised $300 Mn From Alibaba, Others

Flipkart’s Investment Is over 6 Times What Amazon Has Invested So Far In Its Wholesale Arm

Amazon Is Now A Vendor On Amazon India Platform As Amazon Retail India Pvt. Ltd.

Alibaba Contributed A Massive $145 Mn (INR 927 Cr) To This Round Of Funding