Grocery Delivery

Indian conglomerate Tata Group has acquired a 68% stake in online grocery startup BigBasket, making the duo one of the strongest players in the booming e-grocery segment.

It was driven by increases in the average order size and number of active consumers.

Here’s a comprehensive walkthrough of China’s e-grocery business operations.

Currently, the firm runs a fleet of more than 70,000 drivers and 200,000 merchants, serving 2 million customers across five major cities in Vietnam.

Currently, the company is present in 38 cities and has partnered with 12,000 offline stores to fulfill customer orders.

It’s the latest and biggest financing round in the hot community group-buying field.

India’s online grocery market is laden with multiple big players such as Amazon, Flipkart, BigBasket, JioMart, Grofers, Dunzo, and Swiggy.

The acquisition will give a full exit to Alibaba and private equity firm Abraaj Group.