Anant Goel
Food
Milkbasket plans to launch IPO next year
Daily grocery delivery platform Milkbasket has advanced its plan to launch an initial public offering by the second half of next year, buoyed by strong growth in business in recent months amid the pandemic, a top company executive said.
Speaking...
Food
Milkbasket reports an EBITDA positive quarter
Milkbasket, the world's first micro-delivery and contactless grocery delivery service, reports a profitable first quarter with positive earnings before interest, taxes, depreciation, and amortization (EBITDA). This is another first from Milkbasket in the global online grocery delivery space that...
Food
Milkbasket raises US$ 5.5 million led by Inflection Point Ventures
Milkbasket has closed a fresh round of investment led by Inflection Point Ventures with existing investors for US$ 5.5 million, as it continues to grow its operations across India and maintain its market leader position in the daily grocery...
Food
Milkbasket launches senior citizens helpline
Milkbasket has launched 'Senior Citizens Grocery helpline'. The service will be available in Noida, Gurugram, Bengaluru, and Hyderabad, assisting senior citizens with phone ordering for at-home delivery of groceries and other daily essentials.
A significant number of senior citizens are...
Food
Milkbasket bets on private labels, expects 40 pc revenue contribution by year-end
Grocery delivery firm Milkbasket is looking at bringing in private labels across categories like dairy, bakery and fresh produce, and expects about 40 percent of its revenue to come from such products by the end of the year.
The company...
Food
Milkbasket turns profitable in Gurgaon
World’s first micro-daily-delivery service and one of India’s biggest grocery delivery startups, Milkbasket today announced that the company has achieved profitability in the city of Gurgaon - its largest customer base and contributing ~50 percent of the monthly revenue.
“Milkbasket’s...
Food
Milkbasket forays into in-hand delivery service
India’s largest daily grocery delivery service is launching its in-hand delivery service for fresh meats. Milkbasket is entering this category after successfully offering 9,000+ products across FMCG, Dairy, Fruits & Vegetables and all household essentials.This will be Milkbasket’s first...
Food
Milkbasket acquires Bengaluru-based e-grocery store, PSR Supply Chain
In a bid to further expand its business in Bangalore, Milkbasket - India’s largest daily grocery delivery company today announced the acquisition of PSR Supply chain. Founded in 2015, PSR Supply Chain is a popular local e-grocery store, and...
Food
Milkbasket raises Rs 15 crore from Innoven Capital
Grocery delivery startup Milkbasket Wednesday said it has raised Rs 15 crore from venture debt firm Innoven Capital.This latest funding is in addition to US$ 10.5 million (around Rs 72.59 crore) the company had raised earlier this month led...
Food
Milkbasket to invest Rs 10 cr to scale up biz; plans to set up 10 scouring centres
Grocery delivery startup Milkbasket Tuesday said it will invest Rs 10 crore to scale up its fresh fruits and vegetable category as it aims to set up to 10 more fresh scouring centres across the country."The company aims to...
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