Is BigBasket a Chinese company?

Is BigBasket a Chinese company?

New Delhi: Tata group is acquiring 68 percent stake in online grocery platform BigBasket for around Rs 9,500 crore. Chinese internet giant Alibaba has about 30 percent stake in BigBasket. The deal provides an exit route for a host of investors of BigBasket, including Chinese billionaire Jack Ma-controlled Alibaba.

What is BigBasket business model?

Big Basket follows different revenue models. Big Basket procure groceries from farm and other producers and store them in the inventory. They sell the items through their online portal with a margin and provide home delivery as a value-added service.

Who is the CEO of BigBasket?

VS Sudhakar (2011–)
Hari Menon (2011–)

Which company made big basket app?

FuGenX, a global mobile app development company in India, developed an innovative Online Grocery shopping app for BigBasket. With proven experience in developing successful BigBasket app, FuGenX helps aspiring e-commerce ventures build Big Basket like app with innovative features.

Is BigBasket an Indian company?

Ltd., trading as BigBasket, is an Indian online grocery delivery service. The company primarily delivers grocery goods found in convenience stores, home essentials and food supplies to its customers. BigBasket was founded in December 2011 and has its headquarters in Bengaluru, India.

Is BigBasket a Tata company?

Online grocery company BigBasket on Wednesday said that it has started selling fruits and vegetables through an unmanned physical store in Bengaluru. It plans to expand its footprint to 200 physical outlets pan India by 2023 and 800 by 2026.

How does BigBasket make profit?

Inventory model This model helps them incur fewer losses on perishable items and gain more profits. Big Basket buys products from some of the best and largest brands of the country like P&G, HUL, and from mills and farmers as well. The products are divided into two broad categories.

What is the commission of BigBasket?

Here you have a choice of promoting over 18000 products and more than 1000 brands, and thus you get great Big Basket affiliate commission rates on different categories….Bigbasket Affiliate Payout Category.

Category Payout
Existing User 1.50% – 1.80% / Sale
New User 5.25% – 6.30% / Sale

Is ShahRukh Khan owner of BigBasket?

The company announced it through a series of tweets. NEW DELHI: Online grocery store has roped in actor Shah Rukh Khan as brand ambassador for an undisclosed fee. Vipul Parekh, cofounder of BigBasket, declined to give the financial details of the deal.

Who invested in BigBasket?

The Tata group
The Tata group has completed the purchase of a majority stake in online grocer BigBasket that would pitch the conglomerate against established heavyweights such as Amazon, Reliance Industries Ltd (RIL), and Walmart Inc. -owned Flipkart in India’s booming e-commerce market.

How many employees work in BigBasket?

Company Growth (employees)

Employees (est.) (Dec 2021) 5,552 (+2%)
Website Visits (Sept 2021) 7 m
Revenue (Y, 2019) $386 M (+75%)

How do I contact BigBasket for business?

Please feel free to write to us at [email protected], or call us on 1860 123 1000 and we will do our best to incorporate your suggestions into our system.

Who is the founder of Bigbig basket?

Big Basket is one of the largest online grocery super market in India. It was founded in 2011 by Hari Menon, VS Sudhakar, V S Ramesh, Vipul Parekh and Abhinay choudari. It has its headquarters in Bengaluru. It operates in more than 30 cities in India.

How many customers does big basket have?

Big Basket has successfully completed 14 funding rounds and raised $1.02 billion of total funding till now. They have 10 million registered customers. Big Basket processes 1 lakh order daily across 25 cities in India.

Where is the headquarters of big basket?

It has its headquarters in Bengaluru. It operates in more than 30 cities in India. Big basket offers variety of products ranging from fresh fruits, vegetables, Food grains, oil, masala, packaged snacks, beverages, household supplies, healthcare products.

Who is the CEO of bigbasket?

Bigbasket’s key executives are Vipul Parekh, Abhinay Choudhari and Biswajyoti Barat. How many employees does Bigbasket have? Bigbasket has 5,489 employees.