Grocery Delivery

Bigbasket couldn’t receive funds from Alibaba after India tweaked the FDI norms earlier in April.

Tmall Supermarket could improve its delivery efficiency powered by Ele.me’s extensive network of delivery riders.

Japanese conglomerate SoftBank and American PE firm Carlyle have also shown interest in investing in Reliance Retail.

Nearly 15 million mom-and-pop stores in India still prefer traditional methods of supply chain management over digitization.

The initial rollout will cover six cities outside of Tokyo and marks Foodpanda’s 12th market in Asia.

During the pandemic, the startup has seen multi-fold growth.

This round of funding comes 10 months after it raised USD 45 million last year.

The startup, which currently operates in Eastern China only, wants a slice of the USD 733 billion fresh food retail market.