Acquisition · Commerce & Consumer Brands

Bigbasket in talks to buy RainCan, SuprDaily

What they do

Bigbasket is a Bengaluru-based online grocery e-tailer

It is in advanced talks to acquire subscription-based delivery startups RainCan and SuprDaily

The acquisitions aim to enter the subscription-based grocery and milk delivery market

Bigbasket is in advanced talks to acquire RainCan and SuprDaily.
RainCan has better chances given the terms of ongoing talks.
Bigbasket recently raised $300M from Alibaba.
The acquisition would be a mix of cash and stock.
Bigbasket is offering stock components to both companies.
Bigbasket also held talks with DailyNinja but those talks failed.
Bigbasket wants to enter subscription-based grocery cum milk delivery.
It sees subscription as an important business channel and eyes significant revenue from micro-delivery in 2-3 years.

Micro-delivery platforms are seeing a spurt in investor and large grocery e-tailer interest.
Grocery is a top priority for horizontal e-commerce players like Flipkart, Amazon, and Paytm Mall due to stagnation in the online shopping base.
The subscription-based model is gaining adoption in Bengaluru and Gurugram.

Bigbasket is a Bengaluru-based online grocery e-tailer.
RainCan is a Pune-based subscription model delivering morning and breakfast essentials (dairy, meat, bakery, perishables, staples) daily.
SuprDaily is a Mumbai-based subscription delivery startup.
RainCan was founded in June 2015.

Alibaba (existing) — Alibaba invested $300M in Bigbasket recently.
Prabodh Agarwal (existing) — Group CFO of IIFL Holdings; invested Rs 1.75 crore pre-Series A in RainCan.
Aniruddha Malpani (existing) — Existing investor in RainCan; invested in its pre-Series A round.
Soma Capital (existing) — Invested Rs 10 crore in SuprDaily.
Great Oaks Ventures (existing) — Invested in SuprDaily.
122 West Ventures (existing) — Invested in SuprDaily.
Paul Buchheit (angel) — Y Combinator partner; invested in SuprDaily.
Jared Friedman (angel) — Y Combinator partner; invested in SuprDaily.
Sequoia Capital (existing) — Investor in DailyNinja.