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Tag: BigBasket

  • Tata CLiQ Luxury partners with bigbasket to launch a luxury gourmet store

    Tata CLiQ Luxury partners with bigbasket to launch a luxury gourmet store

    Mumbai: TATA Group’s e-commerce brands, Tata CLiQ Luxury- luxury lifestyle platform, and online supermarket – bigbasket have teamed up to launch and grow the luxury gourmet store on Tata CLiQ Luxury.

    The platform is offering a curated selection of products from a wide assortment of global and Indian luxury gourmet brands and categories across select staples and specialty categories, it announced on Tuesday.

    The brand is promising to provide a luxury gourmet experience to customers’ doorstep at the click of a button, with authentic products and fine ingredients in premium packaging on the same day or the next day. To begin with, this is being rolled out in Mumbai, and in the coming months, the platform will expand its reach for the gourmet store to cities like New Delhi, Bangalore, and other tier-I cities.

    The assortment on the platform currently includes cereals, chocolates, biscuits, beverages, cooking oils, dry fruits, sauces, spreads, dips, pasta, soups, noodles, baking ingredients, and more from premium and luxury gourmet brands.

    Tata CLiQ business head- global luxury Gitanjali Saxena said, “Gourmet enthusiasts look forward to a holistic shopping experience and are increasingly shopping online. This has encouraged us to launch a dedicated store that offers a diverse selection of the finest international and Indian gourmet brands, curated with the utmost attention to quality. As a platform, we will inspire and educate our valued and discerning consumers on gourmet and lifestyle options and provide an unmatched online luxury shopping experience.”

    bigbasket group category head Vishal Das said, “In addition to showcasing the width and quality of bigbasket’s gourmet range, this platform also will serve as an opportunity to address the ever-evolving lifestyle needs of the modern Indian consumer.”

    The editorial-led store will also educate consumers not only about the origins of the delicacy but also about the numerous methods in which a product or an ingredient can be cooked, thus inspiring them to experiment with cuisines. It will cover everything, right from the time of gourmet food purchase, its preparation, delivery, and presentation, to how to consume and host it, as per the statement.

  • Tata Digital acquires majority stake in 1mg

    Mumbai: Tata Digital, a wholly owned subsidiary of the Tata Group, said it is acquiring a majority stake in online pharmacy 1mg, making this the second majority acquisition in the digital economy, after the e-grocery BigBasket equity purchase.

    The investment is in line with Tata group’s vision of creating a digital ecosystem that addresses consumer needs across categories in a unified manner, it said in a statement.

    Earlier this week, Tata Group also said it had entered into a memorandum of understanding (MoU) with fitness startup Curefit and will invest $75 million in the Bengaluru-based startup. Curefit founder Mukesh Bansal is also joining Tata Digital as its president, as part of the deal.

    In May, Tata Digital announced the purchase of a 64 per cent stake in online grocer BigBasket. 

    The Tata-1mg deal comes when Reliance has entered the online pharmacy space by acquiring Netmeds, while PharmEasy also merged with smaller rival Medlife.

    Incorporated in 2015, 1mg provides online delivery of medicines, health and wellness products, diagnostics services and teleconsultation.

    “We are delighted to join hands with one of India’s most iconic and respected conglomerates. This marks a significant milestone in 1mg’s journey to make high-quality healthcare products and services accessible to customers across India,” said 1mg co-founder and chief executive Prashant Tandon

  • Tata Digital acquires majority stake in Bigbasket

    Tata Digital acquires majority stake in Bigbasket

    New Delhi: Tata Digital Ltd announced on Friday that it has acquired a majority stake in the online grocery platform Bigbasket.

    Tata Digital is a 100 per cent subsidiary of Tata Sons. With this deal, one of India’s largest conglomerates has entered into direct competition with Flipkart, Amazon, and Reliance Industries which have continued to bolster their presence in the country’s fast-growing e-commerce space.

    “Grocery is one of the largest components of an individual’s consumption basket in India, and Bigbasket as India’s largest e-grocery player fits in perfectly with our vision of creating a large consumer digital ecosystem. We are delighted to welcome Bigbasket as a part of Tata Digital,” said Tata Digital CEO Pratik Pal in a statement on Friday.

    Exact details about the deal were not disclosed. But according to some media reports, the deal is worth about Rs 9,500 crore.

    E-grocery has been one of the fastest-growing sectors in the consumer e-commerce space. Its growth has been further propelled by the country’s rising consumption and digital penetration, especially in the aftermath of the Covid-19 pandemic which led consumers to increasingly opt for safer deliveries of groceries at home.

    “We are extremely excited about our future as a part of Tata Group. As a part of the Tata ecosystem we would be able to build stronger consumer connect and accelerate our journey,” said Bigbasket CEO Hari Menon. Founded in 2011, the Bangalore-based company has now expanded its presence to over 25 cities.

    Meanwhile, the Tata Group is now building a digital consumer ecosystem addressing consumer needs across categories in a unified manner. Online food and grocery is an important part of this ecosystem. The acquisition presents an attractive opportunity for the group in its overall vision of creating a digital ecosystem, it said in a statement on Friday.

  • BigBasket is the Official Grocery Partner for Rajasthan Royals

    BigBasket is the Official Grocery Partner for Rajasthan Royals

    NEW DELHI: Bigbasket will be the official online grocery partner for the Rajasthan Royals team for the Indian Premier League 2020 starting from 19 September in the United Arab Emirates (UAE). With the tagline Har Din Sasta, the objective of this association will be to focus on Affordability and Quality while accessing a whole new set of customers.

    Online grocery shopping has gained major traction over the last five months owing to the pandemic as customers discovered the convenience and safety of buying groceries online. This is now estimated to be the fastest-growing segment growing at about 70% Y-O-Y driven by customers moving from being offline stores to online stores and existing online shoppers moving their entire grocery basket to online stores.

    BigBasket is creating milestones in the online retail market and has recently re-engineered its supply chain across cities to build a capability to deliver all of its customer orders within the same and delivery a large number of them within 2-3 hours. The company’s operations have expanded to 30 cities in India recording about 12 million customer orders per month and it has recorded significant growth over the past six months. BigBasket is already a brand to reckon with for its customer-centric approach, and the association with Rajasthan Royals will enable it to capture the market further drawing on the affordability aspect.

    BigBasket CMO & CFO  Vipul Parekh said, “BigBasket has always been a preferred brand for online groceries among its consumers akin to Rajasthan Royals which is a mass favorite when it comes to cricket and IPL. This association connects these two popular brands and we hope to capture a new online customer base. We are happy to be associated with the Rajasthan Royals team and customers can look forward to some exciting campaigns in the days to come.”

    Rajasthan Royals COO Jake Lush McCrum said, “We are delighted to secure BigBasket as one of our leading partners for IPL 2020. BigBasket has achieved huge growth in the last 5 years, and remains an innovative and agile business, very similar to RR. The company has supported millions during this COVID pandemic and we hope to entertain these consumers with many hopefully becoming RR fans.” 

    To further drive consumer engagement, BigBasket will be launching exciting offers, competitions, and campaigns over the next few weeks throughout the IPL season. Aimed at capturing the interest of the Rajasthan Royals fans and driving home the BigBasket advantage, the campaigns will be held on the team’s game days.

  • Patanjali to partner e-tailers to boost sales

    Patanjali to partner e-tailers to boost sales

    MUMBAI: In its most recent move to provide a fillip to sales, Baba Ramdev-led Patanjali Ayurved is likely to partner with eight leading e-tailers and aggregators to give a big push to online sales of its swadeshi range of fast-moving consumer goods (FMCG) products. Some of Patanjali’s products are already available on several online platforms through various other sellers but this would allow the Haridwar-based firm to systematically place its range of products, said a company official.

    The Haridwar-based company is expected to enter into agreements this month with major online retailers such as Amazon, Flipkart, Paytm Mall, 1MG, Big Basket, Grofers, Shopclues and Snapdeal, a step through which its range of products will be available on various online platforms.

    Patanjali will be organising a function on 16 January where representatives of all the online companies are expected to attend it along with Ramdev and the company’s MD Acharya Balkrishna.

    Patanjali spokesperson S K Tijarawala said, “We are now going into it in a massive way. Now, we would have an organised and systematic agreement with the players to place our all product online, so that it could reach to customers to the end point.”

    These partnerships with e-tailers will be in addition to its own portal patanjaliayurved.net, wherein the company is already selling its products online. “This would change the scenario of whole FMCG trade through online. Through this arrangement, Patanjali’s product could be served across the globe,” he added. 

    However, he refused to share further details and arrangements with the online retailers.

    Recently, Patanjali had forayed into kids and adult diapers and affordable sanitary napkins segments. Last month, it had also announced venturing into solar equipment manufacturing. Besides the FMCG segment, Patanjali is present in other sectors such as education and healthcare. In 2016-17, it had crossed a turnover of Rs 10,500 crore and aims a two-fold growth this fiscal.

  • Madison buys controlling stake in Bengaluru-based HiveMinds

    MUMBAI: Madison Media has announced that it has taken a controlling stake in Bengaluru-based performance marketing agency HiveMinds Innovative Market Solutions.

    HiveMinds, which has a staff strength of 70 people, counts among its clients BigBasket, ABOF, ClearTrip and CloudNine Hospitals, among other. HiveMinds’ strengths have been in search, social, performance marketing and programmatic buying and specialize in eCommerce, Education & Travel.

    HiveMinds, founded six years ago by Jyothirmayee JT, a pioneer in digital advertising in India with more than a decade of expertise in marketing, technology & data analytics, has led a critical role in digital marketing strategy & execution for industry leading startups like TutorVista, BabyOye, RedBus, TaxiForSure, Simplilearn & MobiKwik.

    Besides successfully operating the Digital Agency business, HiveMinds has successfully leveraged their expertise in data driven marketing to develop a product INTUTEL, a market intelligence stack that combined with Madison’s programmatic platform CLEAR TRADE, will enable Brands to measure and improve customer interaction touch points necessary to influence purchases and thereby improving ROAS.

    Madison Media already operates successfully in both Creative and Media spaces in the digital domain and many advertisers like Marico, Asian Paints, Godrej Properties, Tata Chemicals and ITC among many others use its digital services.

    Says Jyothirmayee JT, “Partnering with Madison is a big next step in our journey. We have so far excelled as a digital first agency and played a crucial role in the growth of leading startups in India. Joining hands with Madison, we can take our digital expertise, technology driven marketing to larger brands and innovate in omni-channel strategies for our clients”

    Says Madison Media partner and group CEO Vikram Sakhuja, “This is Madison’s exciting partnership to deliver data driven outcomes. HiveMinds brings exciting and bold innovation in data mining and uses it to dynamically improve performance. As a first, we look forward to uniting consumer intent, interest and purchase in driving media insights.”

    Says executive director Lara Balsara, who identified HiveMinds and successfully concluded the agreement, “Marketers are embracing customer focused digital opportunities. I am delighted at the progress Madison Media is making in the Digital space in the last one year and having HiveMinds as part of us will further strengthen the way we partner with our clients in their digital transformation journey.”

    Chief digital officer Vishal Chinchankar and strategic consultant Nagaraj Krishnamurthy advised Madison on the transaction and helped develop the integrated technology strategy.