The company recently launched Dunzo Daily that promises to deliver groceries in under 19 minutes
Dunzo Daily, which launched in beta mode earlier this year said it has seen demand from users growing significantly week on week.
The plot is located in a gated community called Yemlur Home Owners Association on Yemlur Main Road, Bengaluru, which is off the Old Airport Road.
The 1MG deal comes weeks after Tata Digital bought BigBasket and announced an investment in CureFit.
The company recently partnered with e-retail, food tech and grocery giants like SPAR Hypermarkets, Grofers and Bigbasket to electrify the last mile delivery.
The stake was bought by Tata Digital Ltd., a unit of Tata Sons. Tata on Friday declined to give further details on the deal. BigBasket did not immediately respond to a Reuters request for comment.
The COVID-19 pandemic has accelerated the pace of digital adoption but this has also come at a cost, as increasing instances of data breaches rock India at frequentÂ intervals. From BigBasket to Mobikwik to Dunzo to Dominos, the list goes on. According to the 2020 Global Cyber Security Survey,Â 74 percent of Indian organizations were threatened and eventually paid up after getting attacked with malicious ransomware.Â Has investment in security not kept up with the increasing shift to work from home? Why has the frequency of breaches increased? Is there legal recourse for those who have been affected? How can you stay safe online?Â Four top experts answer all your questions LIVEÂ on May 28, Friday, 6 pm on Moneycontrol.Â
Flipkart, which gets over 90 percent of its orders in the non-essential categories, has been ramping up facilities to cater to the growing demand for groceries.
Big Bazaar aims to get about 35-40 percent of its business through deliveries in the next six months.
How BigBasket secured its first cheque from an institutional investor, and the series of serendipitous events that led to its creation in 2011
There is a lot to play for in the Indian online grocery space, which accounts for only 0.7 percent of the countryâ€™s $850-billion grocery market.
Tata Digital will acquire up to 64.3 percent of Supermarket Grocery Supplies and its sole control over Innovative Retail Concepts that runs BigBasket.
Tata Digital applies for CCI nod to add BigBasket to its cart, says acquisition will not impact competition in India
As per media reports, Tatas stake will translate into an enterprise value of Rs 13,500 crore for BigBasket.
The Tata-BigBasket deal is awaiting the approval of the Competition Commission of India (CCI).
The salt-to-software conglomerate has been planning to launch a super app that will tie in all its consumer businesses, according to media reports.
In October 2017, Town Essential had formed a contract with DailyNinja for exclusive back-end supply and procurement.
The BigBasket deal will be the largest in Indiaâ€™s online consumer sector and value BigBasket at $1.6 billion
BigBasket posted a revenue of Rs 5,200 crore and a loss of Rs 920 crore in FY19.
The deal with Tata Group will value BigBasket at around $1.6 billion, according to reports.
BigBasket co-founder and CEO Hari Menon said the company hired over 12,000 persons in 16 days to meet the surge in demand as a large number of people started turning to digital platforms to shop for grocery items amid the lockdown.
Nutraceuticals are any food-related product which provide medical or health benefits. Rising health awareness, post the pandemic, throws a window of opportunity for companies to dive into the burgeoning segment, which is expected to touch $20 billion by 2023.
BigBasket filed a police complaint a day after cyber intelligence firm Cyble claimed that a hacker has put data allegedly belonging to the company on sale for around Rs 30 lakh
The rapid growth in demand, adoption in non-metros, and customer stickiness have established that online grocery is a real and growing retail business. The challenge is to innovate and bring out-of-the-box ideas hereon
Tata group, Temasek and Generation Investment Management are reportedly in advanced talks with BigBasket.
Zomatoâ€™s entry into online grocery may appear as a natural extension, but online grocery is much more than delivery of goods
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