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Swiggy expects 50% of its revenue from non-food delivery segments by 2025

Swiggy expects 50% of its revenue from non-food delivery segments by 2025
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

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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

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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. ....

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A lot to chew on for food aggregators? Kalagato analyses the recovery story

A lot to chew on for food aggregators? Kalagato analyses the recovery story
adgully.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from adgully.com Daily Mail and Mail on Sunday newspapers.

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FMCG companies took to apps, bet big on direct-to-consumer reach

FMCG companies took to apps, bet big on direct-to-consumer reach
The ongoing pandemic has also pushed consumers to buy goods online, a habit that is likely to stick. Keeping that in view, companies are enhancing their digital capabilities and charting out strategies to ensure their presence on e-commerce.Premium
4 min read
Firms focus on product innovations, partner with delivery platforms to ensure seamless supply of goods
New linkages of firms with food aggregators, hyperlocal apps, courier firms are reshaping the old model of depending solely on wholesalers
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When a lockdown was imposed in India late in March to contain the spread of coronavirus, the fast-moving consumer goods (FMCG) industry had little time to lose. Demand for packaged goods, such as staples, soaps, sanitizers, cookies and tea, surged as consumers stockpiled groceries fearing prolonged closure of stores. As markets shut down and factories closed, supply of es ....

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Mukesh Ambani jiomart already has more daily active users than Big Basket and Grofers

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Source: JPMorgan
While other entrenched players like Big Basket and Grofers, who have been around for much longer, still have 7-8 times more app downloads, the rise of JioMart in the last six months only reflects the speed at which Ambani has tried to push his ecommerce dream. Since its launch, in every three downloads of any online groceries app, two of them have been the one from the house of Reliance Industries (RIL).
BI India/Flourish
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JioMart in India sees competition from many players who have existed and dominated the Indian e-commerce market for a long time – including the likes of Amazon and Flipkart. And so, as Ambani, Asia’s richest man, threw his hat into this ring, he decided to go all out: both in the big cities of India and beyond. ....

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