BigBasket’s profitability plan; UnifyApps eyes $100 million funding
BigBasket is narrowing its operational footprint to 40 profitable cities under new CEO Amit Nanda's mandate to achieve profitability amid rising competition. The company plans to focus on larger cities where higher density can enhance profitability, shifting from a founder-led model to a more execution-focused approach. Meanwhile, AI startup UnifyApps is negotiating to raise $100-120 million from EQT, which would significantly increase its valuation to between $700 million and $750 million.