Connect with us

Latest News

Paytm Mall To Acquire Minority Stake In Grocery Business BigBasket

Published

on

Paytm Mall to Acquire Grocery Business Bigbasket,inspirational stories,Latest Business News 2017,startup stories,startup stories india,Paytm Mall to Acquire Bigbasket,One97 Communications,Department of Industrial Policy and Promotion,Alibaba Group,Amazon,Paytm Mall

One97 Communications owned, online market space Paytm Mall has started due diligence of the accounts and the operations of online grocery retailer BigBasket, for a $ 200 million minority stake.
 
BigBasket has been looking for investments since the start of the year and has attracted interests from several investors including ecommerce giant Amazon. However, according to reports, talks with the retail giant have been paused for the past couple of weeks.
 
High profile investors including Wal-Mart Stores Inc., Tencent Holdings Ltd., and Fosum International Ltd., have also shown interest in the online grocery retail startup. But, the various fundraising efforts were delayed due to valuation differences.
 
In 2016, BigBasket was valued at $ 450 million when it last raised capital in March. They are now seeking for a pre money valuation of at least $ 550 million. Investment firm Morgan Stanley will be advising the grocery retailer in these talks. They registered about Rs. 1400 crores revenue in the financial year 2017 and have also started 60 minute express delivery to take on rival online grocery retailer, Groffers.  
 
Paytm Mall also recently raised $ 200 million from Alibaba Group and SAIF Partners in March, in an effort to compete against Amazon India and Flipkart. According to sources, this deal will help Paytm Mall strengthen its online to offline strategy and will help them take on their rivals, The Economic Times reported.
 
Amazon recently got the Department of Industrial Policy and Promotion’s approval to invest $ 500 million in the food processing sector, which will allow them to directly sell groceries and other food products online.
 
Paytm has been targeting categories such as movie and travel ticketing to encourage repeat purchases through its online payments and mobile wallet business. Paytm Mall hosts 14,000 sellers for millions of products across various categories. A majority stake in the food processing sector will allow them to grow in the online retail sector giving them an edge over the other ecommerce giants.

Continue Reading
Advertisement
8 Comments

8 Comments

  1. Rketyyzj

    May 24, 2025 at 10:22 pm

    Explore the ranked best online casinos of 2025. Compare bonuses, game selections, and trustworthiness of top platforms for secure and rewarding gameplaycasino activities.

  2. iwin

    November 5, 2025 at 3:07 pm

    iwin – nền tảng game bài đổi thưởng uy tín, nơi bạn có thể thử vận may và tận hưởng nhiều tựa game hấp

  3. Kuwin

    November 8, 2025 at 1:48 am

    kuwin sở hữu kho game đa dạng từ slot đến trò chơi bài đổi thưởng, mang đến cho bạn những giây phút giải trí tuyệt vời.

  4. ios超级签

    November 9, 2025 at 5:15 am

    苹果签名,苹果超级签平台,ios超级签平台ios超级签苹果企业签,苹果超级签,稳定超级签名

  5. MM88

    November 10, 2025 at 12:28 am

    Với giao diện mượt mà và ưu đãi hấp dẫn, MM88 là lựa chọn lý tưởng cho các tín đồ giải trí trực tuyến.

  6. 谷歌蜘蛛池

    November 12, 2025 at 12:37 am

    利用强大的谷歌蜘蛛池技术,大幅提升网站收录效率与页面抓取频率。谷歌蜘蛛池

  7. J88

    November 15, 2025 at 3:01 pm

    Đến với J88, bạn sẽ được trải nghiệm dịch vụ cá cược chuyên nghiệp cùng hàng ngàn sự kiện khuyến mãi độc quyền.

  8. MM88

    December 2, 2025 at 10:23 am

    Khám phá thế giới giải trí trực tuyến đỉnh cao tại MM88, nơi mang đến những trải nghiệm cá cược thể thao và casino sống động.

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

₹290 Crore Boost: Rozana’s Series B Funding Scales Rural Retail Network Nationwide

Published

on

rozana

Rozana, India’s leading rural retail platform, has secured ₹290 crore ($35 million) in a Series B funding round led by Bertelsmann India Investments (BII), with participation from Omidyar Network India, Vivid Capital, and Tana Investment Holding. This Rozana funding brings its total capital to over ₹500 crore, fueling hyperlocal expansion in underserved rural markets. Founded in 2021 by brothers Prashant and Prateek Chauhan, the startup’s phygital model blends micro-stores, app-based ordering, and last-mile delivery to connect 5 million+ users in 12 states with brands like ITC and HUL.

The ₹290 crore investment will supercharge Rozana’s rural omnichannel retail strategy, targeting 5x growth in 18 months. Plans include adding 5,000 micro-stores in Uttar Pradesh, Bihar, and Rajasthan; AI-powered inventory tech; and new categories like groceries and electronics. By empowering 20,000+ rural micro-entrepreneurs, Rozana taps into India’s $700 billion rural retail boom, where smartphone penetration and UPI drive 12% annual growth.

This Rozana Series B milestone positions it as a frontrunner against rivals like Ninjacart, eyeing unicorn status by 2028 amid ONDC tailwinds. CEO Prashant Chauhan emphasized, “We’re building rural prosperity through accessible premium brands.” For more on Rozana funding news and rural retail trends, stay updated on India’s startup ecosystem.

Continue Reading

Latest News

Peak XV New Funds: $1.3B Commitment for India Startup Surge 2026

Published

on

StartupStories

Peak XV Partners has launched three new funds totaling $1.3 billion, targeting India’s booming startup ecosystem. The lineup features the $600M Surge fund (8th edition) for early-stage ventures, a $300M Growth Fund for Series B+ scaling, and a $400M Acceleration Fund for rapid portfolio expansion. This commitment arrives as India’s VC inflows rebound, with AI and fintech leading 2026 trends.

These funds build on Peak XV’s legacy of backing unicorns like Zomato and Pine Labs, offering founders capital plus strategic guidance amid post-winter recovery. Early-stage deals surged 20% last year per Tracxn, positioning Peak XV to fuel the next wave of innovation in SaaS, climate tech, and consumer plays.

For startups eyeing Peak XV new funds or Surge fund 2026 applications, this signals prime opportunities. Investors and marketers should watch for deployment updates India remains a global VC hotspot.

Continue Reading

Latest News

D2C Brand Neeman’s Raises $4 Million for Tier 2/3 Store Expansion & Eco-Friendly Shoes

Published

on

StartupStories

Hyderabad, January 13, 2026 Neeman’s, India’s leading D2C footwear brand famed for sustainable shoes and patented PIXLL® technology, has raised $4 million from existing investors. This funding boosts its cumulative capital past $10 million since 2015, with a post-money valuation nearing $50 million. CEO Vijay Chahoria emphasized offline retail as the “next frontier,” planning 50+ new stores in Tier 2/3 cities like Jaipur and Lucknow to blend eco-friendly innovation with hands-on customer experiences.

In India’s booming D2C ecosystem where footwear sales hit ₹1.2 lakh crore in 2025 Neeman’s targets hybrid retail amid high online CAC and 25-30% returns. Backed by vegan, machine-washable shoes priced ₹2,000-4,000, the brand leverages PIXLL® (5x more breathable than leather) for carbon-neutral comfort. Recent 5x revenue growth to ₹100 crore ARR, 1M+ pairs sold via Myntra and stores, and awards at India D2C Summit 2025 position it ahead of rivals like Paaduks.

Neeman’s offline expansion India eyes the $15B sustainable footwear market by 2028, fueled by PLI schemes, Gen Z’s 70% eco-preference (Nielsen), and Southeast Asia exports. Challenges like real estate costs are offset by data-driven inventory and omnichannel QR tech. Watch for Q1 2026 launches in Hyderabad and Bengaluru redefining D2C success through authentic, “Wear the Change” branding.

Continue Reading
Advertisement

Recent Posts

Advertisement