bigbasket, Online Grocery Supermarket, Forays into Kerala
Kochi: bigbasket, India’s largest online supermarket, has launched its services in the city of Kochi, Kerala. Customers can now shop online through the bigbasket app or website from the largest assortment of 22,000-plus products and 3,000-plus brands and have them delivered at their doorstep. This includes everything from fresh fruits, vegetables, grocery and cosmetics, amongst other things. With its foray into Kochi, bigbasket now has a presence in 26 cities in India.
As a brand, bigbasket enjoys immense popularity among its customers, also referred to as bigbasketeers. Servicing about 1 lakh orders per day, the e-retail major has 12 million registered customers across India.
Hari Menon, CEO and Co-Founder, bigbasket, said, “Kochi is a high-growth market for bigbasket and we are excited to launch our services in the city. Customers will now be able to buy daily essentials from bigbasket at the click of a button.They will also be able to get the freshest produce of fruits and vegetables given that we source directly from farmers under our Farmers Connect programme. We believe that a combination of customer focus, operational excellence and advanced technology sets us apart from the rest.”
As a part of bigbasket’s launch offer, the first 2000 customers will be able to avail 10 per cent cashback on all orders for the first three months. To begin with, customers will be able to choose from four delivery slots and avail free delivery on all orders above 1200.
With the recent funding, bigbasket has become the latest entrant to India’s unicorn club. In April 2019, the Mirae Asset- Naver Asia Growth Fund (“Mirae-Naver”), CDC Group, and Alibaba Group led a $150 million round of fundraising for Supermarket Grocery Supplies Pvt Ltd, owner of the bigbasket brand. bigbasket had closed a $200-million round led by the Alibaba Group last year in February.
bigbasket’s differentiation lies in its private label brands and supply chain integration for fresh fruits, vegetables and meats. The grocery major aims to double its revenue by INR 7000 crore in FY20. It expects 40 per cent of its projected revenue to come from private labels, which currently stands at 34 per cent.
bigbasket was founded in December 2011 in Bangalore by a team of five – V S Sudhakar, Hari Menon, Vipul Parekh, V S Ramesh and AbhinayChoudhari.