Singapore-based online grocery store RedMart has announced that it has opened a new development centre in Bangalore.
The company mentions that this centre will serve as an analytics hub that will enable them make data-oriented decisions for its business expansion plans. It will also apparently provide them “optimization algorithms for key business processes”.
RedMart however notes that it will not be launching its online grocery service in the country. Rather, this centre will apparently focus on hiring engineers to strengthen its e-commerce capabilities.
RedMart India team
The centre will be headed by Sanjeev Bijapur who was appointed as the head of RedMart’s India operations in March this year. Bijapur will be responsible for building a technology development team at the centre. Prior to RedMart, Bijapur was working with Tesco as its lead solution architect for about five years.
RedMart notes that another Tesco executive Burhan Surti has also joined the Bangalore team recently as its Head of Technology. Surti will be responsible for driving the centre’s technology roadmap and engineering activities. Prior to RedMart, Surti was working at Tesco as its Lead eCommerce Solution Architect for five years.
Founded in March 2011 by Roger Egan, Vikram Rupani, and Rajesh Lingappa, RedMart had raised a total $27 million investment until now. This includes a $23 million investment from SoftBank Ventures, Visionnaire Ventures, Garena and Facebook co-founder Eduardo Saverin in July this year. RedMart also has investors like Skype co-founder Toivo Annus and FreshDirect CEO Jason Ackerman.
Earlier in June, Japanese membership-based Internet services company Rakuten had also opened a new Global Development and Operations Center in Bangalore, called The Rakuten India Development and Operations Center (RIDOC), in collaboration with PROLIM Global Corporation, an IT consulting services company. (Also read: Japanese e-commerce giant Rakuten planning acquisitions to enter India)