wordpress blog stats
Connect with us

Hi, what are you looking for?

BigBasket to sell to kirana stores & restaurants: report

Bangalore-based online grocery store BigBasket is now reportedly selling the products on its platforms to 1,000 kirana stores, hotels and restaurants, reports Economic Times. It is unclear if the products it is selling are restricted to fruits and vegetables or also include other household items. We’ve written to the company for more details and will update this when we hear from them. Hari Menon, the company’s co-founder and CEO, told ET that it entered the B2B space since the margin was thinner as compared to the 20-23% for B2C. BigBasket plans to target higher volumes with B2B sales. It has also forayed into B2B because it sources 60% of its fruits and vegetables from farmers, according to the report. The company plans to have 3,500 farmers on its platform from the current 1,100 by next year. It has 20 collection centres to pick up the goods from. It reportedly generated Rs 650 crore in revenue in 2015, while its net loss was over Rs 60 crore for the March 2015 year end, up from Rs 21.60 crore net loss a year before that. BigBasket's ticket size for Express Delivery is Rs 600, while the regular delivery ticket size is up to Rs 1,500 from the previous Rs 800-900, according to Menon. BigBasket claims to make 40,000 deliveries daily, which is growing at 12-15% month on month. The company claims that it does 11,000 order deliveries in Bangalore daily. The company apparently has 8,400 employees. FDI in food retail: In June, the Indian government decided to…

Please subscribe/login to read the full story.
Written By

I'm a MediaNama alumna from 2015-16 (remember TinyOwl?) now back to cover e-services like food and grocery delivery, app based transport and policies, platforms and media in India.

Free Reads

News

Foreign fintech entities like Google Pay and PhonePe are dominating the UPI market and CCI has been urged to regulate this in the past.

News

During a recent discussion organized by the Council for Strategic and Defence Research, Berges Malu, the senior director of public policy and communications at...

Drones Drones

News

Once the system receives the required validation, five more such MDVs will be introduced into the Commissionerate Police fleet

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ