Despite losing market share, why BigBasket is still a good bet

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Hari Menon, co-founder and CEO of BigBasket.

Synopsis

Once the undisputed market leader, BigBasket is slogging to defend its turf against its upstart rivals. The Tata-owned company is in the market to raise external funding. For those private equity investors who want to enter the most happening consumer Internet segment, the online grocery commerce company may well be their last bus.

For long, BigBasket was the unquestioned leader in India’s online grocery market. Four years ago, it was more than twice as large as its nearest competitor. Be it the…



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Despite losing market share, why BigBasket is still a good bet


Hari Menon, co-founder and CEO of BigBasket.

Synopsis

Once the undisputed market leader, BigBasket is slogging to defend its turf against its upstart rivals. The Tata-owned company is in the market to raise external funding. For those private equity investors who want to enter the most happening consumer Internet segment, the online grocery commerce company may well be their last bus.

For long, BigBasket was the unquestioned leader in India’s online grocery market. Four years ago, it was more than twice as large as its nearest competitor. Be it the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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