BigBasket

Supermarket Grocery Supplies Private Limited
Private
Industry Food and grocery
Founded October 2011
Headquarters Bengaluru, Karnataka, India
Number of locations
 30 (2017)
Area served
 India
Key people
 Hari Menon (CEO)
Website www.bigbasket.com

Supermarket Grocery Supplies Private Limited d/b/a BigBasket[1][2] (stylized as bigbasket) is an Indian online grocery and food products provider, founded in 2011. Headquartered in Bengaluru, the brand is run by Innovative Retail Concepts Private Limited in 30 Indian towns and cities. It sells fresh fruits and vegetables, meat and dairy, groceries, and personal care and household items via its website and mobile apps.[3][4] As of 2017, it had a customer base of 6 million and was the country's largest online grocer.[5]

History

In 1999, the founders of BigBasket - Hari Menon, Abhinay Choudhari, V S Sudhakar, Vipul Parekh and V S Ramesh - started Fabmart. It was one of the first online businesses in India but it did not succeed because of the low Internet penetration in India and the lack of secure digital payment gateways which discouraged people from making online payments.[6] After trying other ventures, they regrouped in 2011 to try the online grocery market again and started BigBasket.[7][8]

In 2017, BigBasket partnered with Bengal Chemicals and Pharmaceuticals Limited (BCPL) to deliver its industrial chemicals, pharmaceuticals, and home products to its customers in Kolkata.[9] In April 2017, BigBasket partnered with SnapBizz, a retail technology firm to automate supply chain and inventory management for local grocery stores.[10]

Acquisitions

BigBasket acquired Delyver in June 2015 for an undisclosed amount. Delyver was an online grocery store and its specialty was using local stores to deliver groceries to people.[11]

See also

References

  1. ↑ "Supermarket Grocery Supplies Pvt Ltd: Private Company Information - Bloomberg". bloomberg.com. Retrieved 2 August 2018.
  2. ↑ "SUPERMARKET GROCERY SUPPLIES PRIVATE LIMITED :: OpenCorporates". opencorporates.com. Retrieved 2 August 2018.
  3. ↑ Gupta, Soumya. "Competition Is Never A Threat Says Hari Menon CEO BigBasket". BW Disrupt. Retrieved 2018-01-23.
  4. ↑ "No plans to merge with Grofers or get acquired by Amazon: BigBasket CEO". Moneycontrol. Retrieved 2018-01-23.
  5. ↑ "Amazon in talks to buy Indian online grocer BigBasket". The Economic Times. 2017-06-13. Retrieved 2018-01-25.
  6. ↑ Tushar Kaushik (26 September 2016). "The success story behind Big Basket". The New Indian Express.
  7. ↑ "Everything You Wanted To Know About India's Largest Online Supermarket - Bigbasket.com". TechStory. 2017-06-14. Retrieved 2018-01-23.
  8. ↑ "How BigBasket is breaking out of the pack in grocery e-tailing and what's next on cards". Techcircle. Retrieved 2018-01-23.
  9. ↑ "Pharma company BCPL partners with BigBasket to expand its reach". Zee Business. 2017-05-20. Retrieved 2018-01-23.
  10. ↑ PTI (2017-04-29). "SnapBizz ties up with bigbasket". The Hindu Business Line. Retrieved 2018-01-23.
  11. ↑ http://www.newspatrolling.com/bigbasket-company-profile/
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