Track the latest Paytm News with Entrackr

 

It is sometimes difficult to tap the essence of every ongoing event with so much happening around us. With the world's technological sphere being so vast, many developments occur around us, and many new things are introduced now and then. Fortunately, Entrackr ensures that you are aware and up to date with all the news in the technological sector, and don't miss out on any tech-spice! Entrackr brings you the latest Paytm news, its endeavors as a company, and new initiatives in the global business-technology field. 

Paytm news by Entrackr encapsulates its recent stipulates and investments. Entrackr has covered the latest news broke by 'business-standard. According to Entrackr, Paytm Money has reportedly been in preliminary conversation with Alibaba’s Ant Financials and Soft Bank to raise to $1.2 billion at a $5 billion valuation – making it the 5th most valued startup in India. This piece discusses the prospects of Paytm and its scale of evaluation with other highly renowned companies like Oyo, Zomato, Swiggy.

The Paytm news cover by Entrackr also tries to answer questions like on what basis Paytm Money needs to negotiate a USD 5 billion round? If Paytm Money can be valued at over $5 billion? WhetherPaytm Money need to raise Money independently at all? And if Paytm Money and investors learn from the mistakes around Paytm Mall? 

To support and justify its Paytm news, Entrackr quotes acclamations and stipulations from various trusted sources. By citing business professionals and other sources, ENtracker aims to provide you the most reliable and trustworthy Paytm latest news. 

Concerning the latest Paytm news, Entrackr has also covered the case of Sonia Dhawan-Vijay Shekhar Sharma-Paytm, which grabbed headlines for 'extortion of a billionaire founder by a trusted employee.' Entracker briefly digs into this case's history and tries to understand why it was called a settlement. Entrackers covers this Paytm news from various angles and perspectives of the people involved in the case. The Paytm latest news cover by Entrackr includes the minutest details, including evidence, police statements, and confidential reports by the parties involved, creating a more transparent and sensible understanding of the entire case. 

Therefore, by carefully extrapolating the facts and figures of the latest tech and Paytm news, Entrackr provides an open and innovative space to learn about technology news and offer one's insight into it.

The latest startup funding news: Big basket - yay, or nay?

 Big Basket is an online shopping platform where you can purchase groceries, food grains, and other packaged products that are used in various households. Big Basket has over 18000 products from  10000 brands and is now operating in 26 cities throughout India. 

Entrackr is your one-stop destination to find the latest funding news about all different kinds of technological and global advancements. Find the most updated Big Basket news about its progress since its establishment. Big Basket is built on the foundation laid by Fabmart and Fabmall, two prior startups from the same group of founders.  Established in 2011 by five middle-aged men: Hari Menon (Current CEO of Big Basket), Abhinay  Choudhari, Vipul Parekh, V S Sudhakar, and V S Ramesh. 

Funding for Big Basket 

Big Basket has gained quite some popularity since its launch in October 2011. The company raised over 1$ billion in multiple series of funding from various investors like Bessemer  Ventures, Zodius, Lion Rock Capital, Paytm, and Alibaba prominently. From a mere 5000 orders every day from three major cities to 20000 orders every day, The growth of the company is nothing but obvious. This funding has helped Big Basket achieve Unicorn status in India (Unicorn – Valued  over 1$ billion) 

Business Model 

With the growth of the company, a complete transition in the company’s strategy to cater to the needs of its customers can be seen. 

1. Just-in-Time Model – This business model was used in the few initial years after the establishment of the company. In such a model no stock is maintained by the company.  Goods are sourced from local sellers and suppliers on the basis of orders from customers.  Each order from a customer will lead to a purchase order from local sources which would then be delivered to the customer. 

2. Inventory Model – With its expansion to more cities and Inventory model became a  necessity. In this model warehouses and cold storage facilities are used to stock goods sourced from wholesalers and suppliers. Items are purchased directly from farmers and producers. Specific items are also sourced directly from the biggest producer in India 

The Road Ahead 

With the Covid-19 pandemic at hand, amidst lockdown and home isolation, Big Basket has seen rapid growth in its customers. With other competitors like Grofers and Dunzo providing tough competition, a unique business strategy and distinguished services are required by Big Basket to set itself on a greater path.