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Paytm may join forces with Alibaba to invest US $200 mn in BigBasket

Digital payments major Paytm may join forces with its investor Alibaba to pick up a minority stake in online grocery retailer BigBasket for about US $200 million, according to sources close to PTI. According to a PTI report: The companies...

Hyper-local delivery startup Genie to halt operations; to deliver last order on March 31

Chennai based hyper-local delivery startup, Genie is halting its operations and will be delivering the last order on March 31. Genie decided to shut shop as it failed to raise the funds to sustain operations and for growth. The company made...

5 startups that shut shop in 2016

It has been a tough year for e-commerce companies, which have been hard hit by market realities this year, their fund-raising game drastically lowered. Where 2015 led to a jump in registering startup-preneurs, 2016 proved to be a U-turn of sorts as...

Start-up Deadpool? Government calls it a lean phase

Despite reports claiming that a Start-up Deadpool is an Indian reality, with as many as 800 new tech ventures closing shop or on death row in the past three to four years, the Government contends it is only a lean...

IITs name, shame start-ups for reneging on job offers; Grofers, Zomato in list

In an unprecedented move, the Indian Institutes of Technology (IITs) on Thursday released names of 31 companies they have blacklisted for allegedly going back on plum job placements they offered to students. IITs have barred these 31 companies from participating in placement...

Mandi-Direct Grocery: Is the third alternative more viable?

At a time when online grocery retail start-ups -- especially hyperlocal models -- are going through a rough patch, in comes a new format that hints at the possibilities of a third path, away from both inventory-led and marketplace structures. Calling...

Superstores: The next level of e-tail evolution

A few years ago, no one could even imagine that one day they would be purchasing groceries online. But, caught in the city's fast pace, groceries today have become one of the biggest markets in terms of e-commerce opportunities....

Online grocery delivery: Fundamentally flawed?

After almost a year-long funding frenzy that lasted until the end of 2015, the online food retail space, especially grocery delivery, doesn't seem to be heading for a revival any time soon. Under the grocery delivery format, two distinct e-grocery...

Peppertap shuts grocery delivery, lays off 150 people

PepperTap, on-demand hyperlocal grocery delivery service, has shut down its cash-burning grocery delivery operations and has decided to focus on expanding its logistics business. According to a report in PTI: Citing issues like high customer acquisition costs and poor app...

Ola shuts down grocery and food delivery service

Marking a mail to its customers, taxi-hailing firm has announced that it is shutting down its grocery and food delivery service. Ola had launched Ola Store and Ola Cafe just a year ago in Bengaluru, Hyderabad and NCR. The email...
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Reliance Retail’s revenue grows 18% to cross Rs 3 lakh crore in FY24

During the financial year 2023-24, the total footfall at Reliance Retail stores was at 1,063 million (around 106.3 crore)...
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