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What has scale needs time to establish sustainable revenue channels churning profits for the company and the time sometimes is the biggest deterrent or entry for barriers for the completion to enter into the market. With so many players trying to skim the milk there shall hardly be left for all to earn! Recently Big Basket raised debt funding as their operational challenges were getting unmet due to the growing competition
Considering the pattern and trends of the hyperlocal services market some of the leading Startups in the segment are seeking mergers to act profitably and efficiently also ensuring that the demands of the consumers don’t go unmet.
According to Mint – Online grocer BigBasket and smaller rival Grofers India Pvt. Ltd. has initiated talks for a merger that, if consummated, will also see SoftBank Group, an existing investor in the latter, participate in a $60-100 million funding round in the merged entity. Needless to say that one showman – Softbank is seeking higher valuation of the companies if they merge to perform well on the profit sides, and also exponentially raising the valuation before going public or acquisition.