Mar 30, 2016 - ITC buys Technico India's seed potato unit

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from TradeBriefs FMCG Weekly

Sree Vijaykumar

From the Editor's Desk
Market downturns are the best times for well-run startups. They can work on their core business, without having to worry about getting outpriced by flash-in-the-pan heavily-funded competitors. Bigbasket stuck to its core mission of getting an expanding assortment of groceries to you as quickly as possible and investors now want a bigger piece of that action. The grocery business with its issues of high number of SKUs, stockouts, low shelf life and notoriously low margins is a tough space to operate in. Ola, Flipkart and Paytm, have all shut their grocery adventures. Grofers and Peppertap will struggle to eke out margins from pure delivery. Private label and control on inventory should give Bigbasket an edge. Will it emerge as a stand-out success story in the online grocery space? Time will tell - Comment

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