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Milkbasket plans to launch IPO next year

Daily grocery delivery platform Milkbasket has advanced its plan to launch an initial public offering by the second half of next year, buoyed by strong growth in business in recent months amid the pandemic, a top company executive said. Speaking...

Mukesh Ambani in talks to buy several retail e-commerce firms

Mukesh Ambani is looking to expand his retail footprint by acquiring several e-commerce players. This is being seen as a precursor to the ongoing battle with Amazon for India's hot e-commerce retail market. Mukesh Ambani's Reliance Industries Ltd. (RIL) is in...

Jubilant FoodWorks Limited forays into the FMCG category

Jubilant FoodWorks Limited (JFL), one of the largest foodservice companies in India and master franchisee of Domino's Pizza and Dunkin' Donuts, announced its entry into the Rs 500 crore ready-to-cook segment with the launch of a new brand, 'ChefBoss'. The...

Milkbasket reports an EBITDA positive quarter

Milkbasket, the world's first micro-delivery and contactless grocery delivery service, reports a profitable first quarter with positive earnings before interest, taxes, depreciation, and amortization (EBITDA). This is another first from Milkbasket in the global online grocery delivery space that...

Milkbasket raises US$ 5.5 million led by Inflection Point Ventures

Milkbasket has closed a fresh round of investment led by Inflection Point Ventures with existing investors for US$ 5.5 million, as it continues to grow its operations across India and maintain its market leader position in the daily grocery...

Milkbasket launches senior citizens helpline

Milkbasket has launched 'Senior Citizens Grocery helpline'. The service will be available in Noida, Gurugram, Bengaluru, and Hyderabad, assisting senior citizens with phone ordering for at-home delivery of groceries and other daily essentials. A significant number of senior citizens are...

E-retailers still facing delivery challenges amid coronavirus lockdown

Delivery of essential items via e-commerce continued to face challenges on the second day of the 21-day lockdown, with the industry urging government for uniform classification of essential items across various states. According to a PTI report: While the government...

Flipkart resumes operations, Amazon says in talks with govt

After temporarily suspending operations earlier in the day, Walmart-owned Flipkart will resume its grocery and essentials services after assurance of safe passage of its supply chain and delivery executives by local law enforcement authorities. According to a PTI report: Amazon...

Milkbasket bets on private labels, expects 40 pc revenue contribution by year-end

Grocery delivery firm Milkbasket is looking at bringing in private labels across categories like dairy, bakery and fresh produce, and expects about 40 percent of its revenue to come from such products by the end of the year. The company...

Milkbasket turns profitable in Gurgaon

World’s first micro-daily-delivery service and one of India’s biggest grocery delivery startups, Milkbasket today announced that the company has achieved profitability in the city of Gurgaon - its largest customer base and contributing ~50 percent of the monthly revenue. “Milkbasket’s...
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