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February 16, 2021
Entrepreneurs in Côte d’Ivoire are circumventing high retail rents and government bureaucracy to start businesses online, resulting in a thriving informal digital economy.
From baby clothes to handmade jewelry, small business owners are finding that selling via the internet has become the viable option for those who cannot compete with big players in the country. That includes a community of Lebanese entrepreneurs who have escaped an economic crisis at home to build a sizable presence in the country’s physical retail sector.
Social media-run businesses are proving so popular that they are fueling a second economy of “motorcycle boys,” who pick up parcels and ride across town to deliver at the doorsteps of clients.
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Tata group to take $1.3 billion stake in BigBasket: Report
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Tata s stake will translate into an enterpise value of ₹13,500 crore for BigBasket, the report said
(Photo: Mint)
Anuron Kumar Mitra
, Reuters
Indian conglomerate Tata group will buy a 68% stake in Alibaba-backed online grocery startup BigBasket for about ₹9,500 crore ($1.31 billion), the report said
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India s Tata group will buy a 68% stake in online grocery startup BigBasket for about ₹9500 crore ($1.31 billion), television channel ET Now said on Tuesday, citing sources.
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, as it competes against Amazon.com Inc and Reliance Industries Ltd in India s booming e-commerce market.