Photo: Facebook
Grocery Unicon BigBasket Snags Crores In Investment
The Innovative Retails Concepts, the Tata-owned company that operates grocery giant BigBasket, has received a capital investment of a whopping INR 1,000 crores from its holding company, Supermarket Grocery Supplies. The filings reveal that the transaction was approved on 31st March this year. 64% of the stake in Supermarket Grocery Supplies is owned by Tata Digital, which just recently launched its app, Tata Neu, that offers an array of… read-more
Tags: Investment, Start-up, Tata, Tata Company, ecommerce
Courtesy: The Economic Times
Photo: Economic Times
Air Asia Plans To Convert Its Passenger Plane To dedicated Freighter
Air Asia has planned to increase its cargo business in view of rising e-commerce logistics. The company is reportedly planning to convert its 362 orders of passenger planes 'A321neo' to a freight carrying cargo aircraft, manufactured by Airbus. Moreover, the company aims to raise 50 million to 100 million dollars by the end of 2021 and is planning to list a separate company in three years.
Tags: Air Asia, Airbus, logistics, ecommerce, business
Courtesy: Reuters
