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For e-tailers, third-party logistics service providers take centre stage in delivering customer satisfaction

For e-tailers, third-party logistics service providers take centre stage in delivering customer satisfaction
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

Anil Kumar , Flipkart Supermart , Abhishek Bansal , Faster Delivery , Delivery Delight Index , E Tailing Marketplaces , Hyperlocal Marketplaces , Native Brands , அனில் குமார் , பிளிப்கார்ட் சூப்பர்மார்ட் , அபிஷேக் பன்சால் , பூர்வீகம் பிராண்டுகள் ,

Tata's tryst with e-grocery starts with a billion dollar acquisition of BigBasket – here's why it could be a sweet deal for both

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Tata’s tryst with e-grocery starts with a billion dollar acquisition of BigBasket – here’s why it could be a sweet deal for both
Tata’s tryst with e-grocery starts with a billion dollar acquisition of BigBasket – here’s why it could be a sweet deal for both
Sanchita DashMar 13, 2021, 10:01 IST
BI India/BCCL
Tata Digital, a subsidiary of the Tata Group, moved the Competition Commission of India for an approval of its stake in BigBasket.
Tata is set to acquire a 64.3% stake in the grocery unicorn.
Here’s a deep dive into the deal and why the 152-year old conglomerate is interested in the 10-year old startup.The Tata Group has reportedly acquired a 64.3% stake in Indian grocery unicorn BigBasket. The deal which would cost the 152-year old conglomerate as much as $1.3 billion has been many months in the making, with the Tatas inherent wish to become a majority player in the Indian e-commerce market. ....

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Grofers eyes SPAC route for Nasdaq listing

It’s reportedly in talks with New York-based Cantor Fitzgerald.
24 Feb, 2021 - 02:43 PM IST | By indiantelevision.com Team
NEW DELHI: E-grocery platform Grofers had indicated as recently as last month that it plans to expand beyond delivering your daily staples and into an all-encompassing e-commerce portal along the lines of Amazon and Flipkart. To this end, it opened sections like fashion and lifestyle; home accessories; appliances; books, stationery, toys and games; home furnishing and décor on its site.
Now, to sustain this growth momentum, Grofers is eyeing to raise $400-$500 million through a public listing on Nasdaq by merging with New York-based Cantor Fitzgerald’s blank check firm, the Economic Times reported Wednesday. ....

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Flipkart gets leaner with a $300 million Jabong write-off as CEO Kalyan Krishnamurthy lists out the priorities for 2021

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Flipkart gets leaner with a $300 million Jabong write-off as CEO Kalyan Krishnamurthy lists out the priorities for 2021
Flipkart gets leaner with a $300 million Jabong write-off as CEO Kalyan Krishnamurthy lists out the priorities for 2021
Sanchita DashFeb 19, 2021, 15:08 IST
BCCL
As Walmart-owned Flipkart moves towards a possibly $10 billion initial public offering (IPO), it seems to be shedding flab with a nearly $300 million write off in Jabong.
Flipkart India CEO Kalyan Krishnamurthy described 2020 as the year when the company turned ‘financially prudent’, without adding any details.
Judith McKenna, president and chief executive of Walmart International, said that even after Flipkart being shut for 53 days in 2020 due to the COVID-19 pandemic, the e-commerce business closed the year stronger than it started. ....

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From LIC and IRFC to Kalyan Jewellers and Zomato — here's a look at likely IPO candidates for 2021

IRFC
The dedicated financing arm of the Indian Railways, Indian Railway Finance Corporation (IRFC) initial public offering of about ₹4,600 crore may hit the markets in January 2021, a first by a NBFC in the public sector.
The company’s management earlier revealed that it plans to utilise the funds mopped up from the offer. Amitabh Banerjee, Chairman and Managing Director, IRFC said that 10% of the issuance would go to the company’s balance sheet and that will increase its net worth, and from that, the firm will be using it for raising more money from the market.
Indian Railways Finance Corporation ....

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