»
Tata’s tryst with e-grocery starts with a billion dollar acquisition of BigBasket – here’s why it could be a sweet deal for both
Tata’s tryst with e-grocery starts with a billion dollar acquisition of BigBasket – here’s why it could be a sweet deal for both
Sanchita DashMar 13, 2021, 10:01 IST
BI India/BCCL
Tata Digital, a subsidiary of the Tata Group, moved the Competition Commission of India for an approval of its stake in BigBasket.
Tata is set to acquire a 64.3% stake in the grocery unicorn.
Here’s a deep dive into the deal and why the 152-year old conglomerate is interested in the 10-year old startup.The Tata Group has reportedly acquired a 64.3% stake in Indian grocery unicorn BigBasket. The deal which would cost the 152-year old conglomerate as much as $1.3 billion has been many months in the making, with the Tatas inherent wish to become a majority player in the Indian e-commerce market.
A college psychotherapist helps students understand that it’s OK
not to be OK. A Post & Print supervisor helps make sure each arriving package gets to the right students. A COVID-19 contact tracing director helps students feel comfortable in the face of quarantine.
Whether students are feeling down, or need help getting their feet back on the ground, they get the support they need among the Bates staff, whose work helps position students for success in their work with the equally talented and devoted Bates faculty.
Each week for the next six weeks, we’ll share three portraits of Bates staff members who’ve responded to the needs of our students during a time of crisis. Totaling 21 staffers, from 19 different college offices, these Bates people rise to the challenge when students need somebody not just anybody.
by Tushar G. - Mar 1, 2021 06:50 AM
Farmersâ Occupy The Red Fort During January 26 Violence
Snapshot
The role of the private sector has only been measured from the lens of pricing and procurement.
The tantrums of a few MSP-spoiled farmers, willing to burn their agricultural future to the ground and unwilling to reform themselves, must not be passed off as a verdict on the role of private corporations in the farming sector.
Amongst the shifting goalposts on the farm laws, what has been prevalent is the constant apprehension against the private sector.
Critics of the new farm laws have attributed the protestersâ staged misery to corporate threat to farmersâ livelihoods across India. The entire anti-corporate narrative has been fixated on the new contract farming law.
Daily Basket calls out BigBasket for using bullying tactics
BigBasket sends ‘cease and desist’ notice to Daily Basket over use of ‘basket’ in its name.
24 Feb, 2021 - 09:11 AM IST | By indiantelevision.com Team
NEW DELHI: Shakespeare may have well opined “What’s in a name?” but going by the latest clash of two brands over a name, apparently there’s a lot at stake. In what appears to be a David vs Goliath scenario, India s largest online supermarket Bigbasket has locked horns with fledgling online grocery start-up Daily Basket, for what it terms as “violating and diluting” the former s brand name and trademark .
It’s reportedly in talks with New York-based Cantor Fitzgerald.
24 Feb, 2021 - 02:43 PM IST | By indiantelevision.com Team
NEW DELHI: E-grocery platform Grofers had indicated as recently as last month that it plans to expand beyond delivering your daily staples and into an all-encompassing e-commerce portal along the lines of Amazon and Flipkart. To this end, it opened sections like fashion and lifestyle; home accessories; appliances; books, stationery, toys and games; home furnishing and décor on its site.
Now, to sustain this growth momentum, Grofers is eyeing to raise $400-$500 million through a public listing on Nasdaq by merging with New York-based Cantor Fitzgerald’s blank check firm, the Economic Times reported Wednesday.