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Alibaba Buys 40% Stake In BigBasket For $ 300 Million

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Alibaba, the China based ecommerce major, is all set to enter India’s foodtech industry with a $ 300 million investment in hyperlocal delivery service provider BigBasket. The retail and technology conglomerate is poised to buy over a third of the company, according to sources close to the development.

Reports also suggest Alibaba, along with India’s biggest online payments platform, Paytm, will acquire around 35% to 40% stake in the Bengaluru based startup. Both the companies have been in discussion for a potential deal for the past six months, which will value the eretail company at $ 850 million.

As per the deal, Alibaba will primarily invest $ 220 million and will also buy shares from existing investors for an additional $ 80 million in a secondary transaction. Existing major investors such as K. Ganesh and Meena Ganesh’s GrowthStory and investment firms Ascent Capital, Zodius Capital and Helion Venture Partners may exit the company post this deal. A news daily reported BigBasket’s co founders Hari Menon, Vipul Parekh, Abhinay Chaudhary and V. S. Sudhakar may also sell a portion of their holding in the company.

Alibaba and Paytm have been eyeing India’s grocery market for a while now. For this purpose, Paytm also started conducting due diligence on BigBasket accounts and operations in July this year. Reports suggested Alibaba was seeking the Competition Commission of India’s (CCI) approval to acquire BigBasket. According to a CCI statement, the Chinese company was given the green light to invest and acquire BigBasket. “The proposed combination relates to the acquisition and purchase of shares of Supermarket Grocery Supplies (SGS – the entity that runs BigBasket) by Alibaba Singapore,” the notice added.

Currently, BigBasket operates in 13 cities across India, including Bengaluru, Hyderabad, Pune, Mumbai and Chennai. Along with Alibaba, Amazon has also been aggressively investing in the online grocery industry. Homegrown ecommerce giant Flipkart also recently relaunched its grocery delivery service Supermart in Bengaluru last month.

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Phab Raises $2M Seed Funding to Expand Healthy Snacking Brand

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PHAB

Phab, the D2C healthy snacking brand co-founded by Ankit Chona of ice cream brand Hocco and his wife Gayatri Chona, has raised $2 million (around ₹17 crore) in a seed funding round led by OTP Ventures, with participation from Capri Global, Sim&San law firm, and angel investors.

Founded in 2018, phab offers protein bars and healthy milkshakes, leveraging Ankit’s decade-long food industry experience and Gayatri’s expertise as a certified nutritionist. The brand has sold over 2 million units and sells through e-commerce and quick commerce platforms like Amazon, Flipkart, Zepto, and Blinkit.

Despite a 12% dip in operating revenue to ₹5 crore in FY24, phab trimmed its net loss by nearly 3% to ₹6.8 crore, showing improved efficiency.

The new funds will be used to expand the team, invest in production capacity, and grow phab’s presence across digital, quick commerce, and offline channels. The brand competes with Yoga Bar, Beyond Snack, and The Whole Truth in India’s growing $68 billion healthy snacking market. OTP Ventures’ founding partner Suhail Sameer praised phab’s bold, differentiated approach and the founders’ vision, signaling strong investor confidence in the brand’s growth potential.

 

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Eat Better Secures ₹17 Crore in Pre-Series A Funding

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Eat Better, a Jaipur-based D2C snacking brand, has raised ₹17 crore in a Pre-Series A funding round co-led by Prath Ventures and Spring Marketing Capital. Founded by Vidushi Kanoria, Mridula Kanoria, and Shaurya Kanoria in 2020, Eat Better specializes in healthy snacks like dry fruit ladoos and nuts.

Key Highlights:

  • Investment Use: Funds will expand Eat Better’s product line and enhance its presence on quick commerce platforms.
  • Market Position: Competes with brands like Happilo and Yoga Bar in the healthy snacking space.
  • Operational Milestones: Fulfills over 2 lakh orders monthly.
  • Financial Performance: Revenue grew nearly threefold to ₹14.47 crore in FY24, with a reduced net loss.

Market Opportunity:

The Indian food and beverages market is projected to reach $68 billion by 2030, positioning Eat Better favorably to capitalize on the demand for healthy snacks. With this funding, Eat Better aims to strengthen its market presence and product offerings.

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Outzidr Raises ₹30 Crore to Transform Gen Z Fashion

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Bengaluru-based D2C fashion startup Outzidr, co-founded by Nirmal Jain, Mani Kant Mani, and Justin Mario, has secured ₹30 crore in seed funding led by Stellaris Venture Partners, with participation from angel investors like Ramakant Sharma (Livspace) and Ghazal Alagh (Mamaearth).

Launched in February 2025, Outzidr targets Gen Z women aged 17–27 with affordable occasion-specific apparel such as partywear and travel outfits. The brand introduces over 2,000 new designs monthly and uses a “test-and-react” model to scale popular styles based on early sales data. With an agile inventory cycle of less than three weeks, it plans to shift 90% of manufacturing to India within two years for sustainability.

The funds will bolster supply chain efficiency, technology development, team expansion, and brand-building. Outzidr aims to achieve ₹100 crore annualized revenue within 6–8 months through its D2C platform and marketplaces like Myntra, Nykaa Fashion, and AJIO.

Led by industry veterans with expertise in fashion and logistics, Outzidr is poised to capitalize on India’s growing D2C market fueled by Gen Z’s demand for trendy and affordable fashion.

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