बिगबास्केट ने $ 20-25 मिलियन के सौदे में डेलीनिंजा का अधिग्रहण किया: रिपोर्ट

BigBasket set to acquire DailyNinja in $20-25 million deal: Report

Points to Remember:

  • Bengaluru-based grocery delivery platform BigBasket is reportedly set to acquire Sequoia-backed rival DailyNinja in a $20-25 million cash-and-stock deal.
  • According to three Entrackr sources, the company is in advanced talks with the Alibaba-backed e-grocer for an acquisition.
  • Note: Last month, Doodhwala had shut down operations and transferred its subscribers base to FreshToHome.
  • Sources outlined that the deal would be in the range of $20 to 25 million. About 20% of the total deal size would be in cash.
  • Bigbasket would use DailyNinja’s core-competency in subscription commerce to ramp up BBDaily.
    BBDaily is a Milkbasket kind of service that delivers daily essentials such as milk, groceries, fruits & vegetables every morning to the subscriber’s doorstep.

About BigBasket:

  • BigBasket is an online grocery store in India.
  • Founded: October 2011
  • Headquarters location: Bengaluru
  • Founders: Hari Menon, VS Sudhakar, Vipul Parekh, Abhinay Choudhari, VS Ramesh
  • Subsidiaries: Bloomskart Retail Private Limited, etc.
Important Possible questions based on above News:
  1. Who is set to acquire Sequoia-backed rival DailyNinja in a $20-25 million cash-and-stock deal? BigBasket
  2. According to source, last month who has shut down its operations and transferred its subscribers base to FreshToHome? Doodhwala

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