Latest news with #HariMenon
Time of India
2 days ago
- Business
- Time of India
BigBasket pilots 10-minute food delivery with Starbucks, Qmin in Bengaluru
Grocery delivery firm BigBasket has entered the rapid food delivery segment, providing 10-minute food delivery service in select locations in Bengaluru . It comes five months after cofounder and chief executive Hari Menon announced on X that the Tata Group-owned firm was expanding its services to food delivery in 2025. He had said in a post in December 2024 that BigBasket would increase its stock keeping units to more than 30,000 in all tier-1 cities, launch pharma deliveries with Tata 1mg, as well as launch a food delivery service. Currently, BigBasket's 10-minute food delivery includes items from Starbucks , a joint venture between Tata Consumer Products and Starbucks Corporation, and Qmin , a food delivery platform owned by Indian Hotels Company Limited (IHCL). Launched in 2020, Qmin is Tata Sons-owned IHCL's food delivery service, which has its own app allowing customers to order food from Tata-owned hotels and restaurants. The service also has Qmin cafe offering bakery and confectionery products along with beverage items across the country. There are 11 such cafes in Bengaluru. Under its 10-minute food delivery service, BigBasket is offering beverages such as coffee, tea and juice, snacks, meal bowls and desserts. ET had reported in February that Tata Sons wasn't too pleased with what it regarded as BigBasket's sluggish response to the rapid rise of quick commerce in the country. Tata Sons also indicated that BigBasket should seek external investors for a proposed round of $1 billion (Rs 8,556 crore) to mount a fightback in this segment, according to people aware of the matter. 10-minute food delivery race Meanwhile, the rapid food delivery segment is seeing increasing demand as quick commerce platforms Zepto (Zepto Cafe), Swiggy (Snacc) and Blinkit (Bistro) are expanding their services and offerings. During its earnings announcement for the fourth quarter of 2024-25, Zomato 's parent Eternal said that it was doubling down on Bistro, its in-house rapid food delivery service, and pivoting away from restaurant partnerships for this service. Bistro is being expanded across Delhi-National Capital Region, Bengaluru and Mumbai, according to people in the know. Bistro now runs more than 100 kitchens in these markets. Swiggy , on the other hand, is scaling up its 10-minute food delivery service Bolt , which relies on select restaurant partners offering limited menus. It also has an offering similar to Bistro, which is called Snacc. On May 23, ET reported that Zepto paused operations of its 10-minute food delivery vertical, Zepto Cafe, in several cities including Delhi, Agra, Chandigarh, Mohali, Amritsar and Meerut owing to supply chain issues. This impacted the operations of 44 Zepto Cafe stores.
Time of India
3 days ago
- Business
- Time of India
BigBasket pilots 10-minute food delivery with Starbucks, Qmin in Bengaluru
Live Events Grocery delivery firm BigBasket has entered the rapid food delivery segment, providing 10-minute food delivery service in select locations in Bengaluru It comes five months after cofounder and chief executive Hari Menon announced on X that the Tata Group-owned firm was expanding its services to food delivery in 2025. He had said in a post in December 2024 that BigBasket would increase its stock keeping units to more than 30,000 in all tier-1 cities, launch pharma deliveries with Tata 1mg, as well as launch a food delivery BigBasket's 10-minute food delivery includes items from Starbucks, a joint venture between Tata Consumer Products and Starbucks Corporation, and Qmin , a food delivery platform owned by Indian Hotels Company Limited (IHCL).Launched in 2020, Qmin is Tata Sons-owned IHCL's food delivery service, which has its own app allowing customers to order food from Tata-owned hotels and restaurants. The service also has Qmin cafe offering bakery and confectionery products along with beverage items across the country. There are 11 such cafes in its 10-minute food delivery service, BigBasket is offering beverages such as coffee, tea and juice, snacks, meal bowls and had reported in February that Tata Sons wasn't too pleased with what it regarded as BigBasket's sluggish response to the rapid rise of quick commerce in the country. Tata Sons also indicated that BigBasket should seek external investors for a proposed round of $1 billion (Rs 8,556 crore) to mount a fightback in this segment, according to people aware of the the rapid food delivery segment is seeing increasing demand as quick commerce platforms Zepto (Zepto Cafe), Swiggy (Snacc) and Blinkit (Bistro) are expanding their services and its earnings announcement for the fourth quarter of 2024-25, Zomato 's parent Eternal said that it was doubling down on Bistro, its in-house rapid food delivery service, and pivoting away from restaurant partnerships for this service. Bistro is being expanded across Delhi-National Capital Region, Bengaluru and Mumbai, according to people in the know. Bistro now runs more than 100 kitchens in these on the other hand, is scaling up its 10-minute food delivery service Bolt, which relies on select restaurant partners offering limited menus. It also has an offering similar to Bistro, which is called May 23, ET reported that Zepto paused operations of its 10-minute food delivery vertical, Zepto Cafe, in several cities including Delhi, Agra, Chandigarh, Mohali, Amritsar and Meerut owing to supply chain issues. This impacted the operations of 44 Zepto Cafe stores.
Time of India
11-05-2025
- Business
- Time of India
Despite losing market share, why BigBasket is still a good bet
Despite losing market share, why BigBasket is still a good bet Company Images 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. By MANU P TOMS 8 Mins Read, May 12, 2025, 04:45 AM IST SHARE THIS NEWS Close Font Size Abc Small Small Abc Normal Normal Abc Large Close 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 resourceful e-commerce marketplace giants Amazon and Walmart-backed Flipkart or the venture capital darling Grofers, nobody could unseat BigBasket from its numero uno position. In 2021, at 450,000 daily orders, 20 million users, USD1 billion GMV (gross merchandise value) and 34%
Business Times
07-05-2025
- Health
- Business Times
Tanoto Foundation, Gates Foundation sign MOU to boost health, nutrition, education in Asia
[SINGAPORE] The Tanoto Foundation and the Gates Foundation signed a memorandum of understanding on Tuesday (May 6) to collaborate on advancing health, nutrition and education in Asia. Both foundations will build on their existing relationship and work together to identify, design and implement joint initiatives in areas such as public health and healthcare delivery; maternal and child nutrition; access to quality education; and strengthening the philanthropic ecosystem and capacity-building in the region. For a start, the Tanoto Foundation and the Gates Foundation will work on a nutrition partnership in Indonesia, said Hari Menon, director of South and South-east Asia at the Gates Foundation. Belinda Tanoto, member of the board of trustees at Tanoto Foundation, said: 'In today's rapidly changing world, the challenges we face are complex and interconnected, from widening funding gaps to the rising disparity between rich and poor.' Each initiative under this partnership will have its own specific agreement, which will outline the objectives, scope, budget, roles and responsibilities of both parties. 'These project-specific agreements will also reflect a shared commitment to the principle of ensuring that innovations, knowledge and solutions developed are affordable and accessible to the communities that need them the most,' said both foundations. On Monday, the Philanthropy Asia Alliance (PAA) announced the launch of the Health for Human Potential Community, which will be supported by the Tanoto and Gates Foundations, among others, such as Temasek Foundation. This Community aims to reduce preventable deaths and disease burdens in South-east Asia by rallying funders, practitioners and ecosystem partners to collaborate on projects. It has an initial funding target of US$100 million, which will be committed by the organisations supporting it, as well as PAA. Tanoto Foundation, founded by Sukanto Tanoto and Tinah Bingei Tanoto, has supported education systems, healthcare innovation and leadership development in Asia since its inception in 1981. Meanwhile, the Gates Foundation, launched in 2000 by Bill Gates and Melinda French Gates, has made global efforts to eradicate diseases, expand financial inclusion and enhance agricultural productivity.
Tatler Asia
06-05-2025
- Health
- Tatler Asia
Bill Gates to open Gates Foundation office in Singapore
That same focus carried through to the wider PAS programme. This year, the Philanthropy Asia Alliance launched two new Communities of Action: one tackling non-communicable diseases, the other advancing a just energy transition in Asia. The health-focused initiative, Health for Healthy People (HHP), brings together regional partners to address preventable deaths in Southeast Asia, particularly in maternal, newborn, and child health and nutrition (MNCHN), alongside infectious disease. The Gates Foundation is among the founding leads. It's a move that reinforces the Foundation's decision to open an office in Singapore. Alongside partners like the Institute of Philanthropy, Quantedge Advancement Initiative, Tanoto Foundation, and Temasek Foundation, it is helping to shape a coordinated regional approach to healthcare grounded in shared infrastructure, pooled resources, and scalable impact. Director for South & Southeast Asia at the Foundation Hari Menon said: 'As the Gates Foundation marks 25 years of working to advance health and equity around the world, we are reminded that lasting progress is only possible through strong partnerships.' The takeaway was clear: Singapore, and the region around it, isn't just where solutions are being applied but also where they're being built. NOW READ Live and learn: Wealth managers Anthonia Hui and Leonardo Drago on the experiences that guide their wealth management and philanthropy Philanthropy Asia Alliance CEO Lim Seok Hui on the importance of multi-sector partnerships in philanthropy Dawn Chan of the Centre for Impact Investing and Practices (CIIP) shares how its Amplifier programme guides high-impact startups
