Hotline: 1800 102 2007
X
Search Business Opportunities
Oct, 19 2018

Online grocer BigBasket acquires RainCan to strengthen micro-delivery business

With this acquisition, BigBasket is looking to boost its micro-delivery business.

Online grocer BigBasket has acquired RainCan, a Pune-based grocery subscription delivery service, for an undisclosed amount. With this acquisition, BigBasket is looking to boost its micro-delivery business.

The RainCan app has been rebranded as BBdaily by BigBasket. The company will start a subscription-based service enabling early morning delivery of household essentials such as milk, bread, fruits and vegetables, baby diapers and staples.

Abhijeet Kumar, Co-Founder of RainCan, said, "It's a 100% acquisition where all of its investors have exited. We have informed our customers about the acquisition. We will continue with our micro-delivery operations. Now, as a part of BigBasket, we will go multi-city to expand our operations pan-India."

RainCan was founded by Abhijeet Kumar and Munendra Singh in 2015. It permitted its registered subscribers to choose from an array of product categories, including dairy, bakery, perishables and staples. RainCan is owned and operated by Bloomskart Retail Pvt Ltd.

Comment
Related opportunities
  • Casual dine Restaurants
    About Us: Our Restaurant Chain Serves Fresh Pizza, Pasta, Soups and..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Pune Maharashtra
  • Competitive Exam Coaching Institute
    About Us: Chennai RACE Coaching is an education industry in the..
    Locations looking for expansion Tamil nadu
    Establishment year 2012
    Franchising Launch Date 2015
    Investment size Rs. 30lac - 50lac
    Space required 5000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Chennai Tamil nadu
  • Quick Service Restaurants
    About Us:  Inspired by Hong Kong's favorite street food the..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Quick Service Restaurants
    About Us  Wafflin' Around is a waffle cafe in the heart..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities