Grocery Delivery

This is the first time Sequoia Capital India and Flourish Ventures have invested in any Bangladeshi startup.

The initial alliance with Sun Art dates back to 2017, after which Alibaba integrated its online grocery ordering platform Taoxianda with Sun Art’s stores, offering home-delivery services.

Tata said it would roll out a super app to offer grocery, fashion, jewelry, consumer electronics, and financial services, among other things.

The two Southeast Asian super apps are reportedly engaged in regular calls to discuss a possible combination of their businesses.

From Gojek to Tokopedia, Indonesia is home to some of the biggest players in Southeast Asia’s tech scene.

A slew of consumer-facing startups are tinkering with subscription-based revenue model in addition to their current model.

Tata Group is gearing up to jump into the e-commerce space with a super app.

According to Bernstein Research, India’s retail market is expected to reach USD 1.3 trillion by 2025, of which organized retail would be about 15%.