What is Bigbasket? Bigbasket Review

Basic Introduction

The name Bigbasket is very descriptive, and you can translate it literally as "big basket". What it is doing is to become the vegetable basket and grocery basket of Indians. The company is headquartered in Bangalore and mainly sells daily necessities ranging from vegetables and milk to cosmetics and kitchenware. Its business covers 30 first- and second-tier cities in India.

Service Area

Bangalore, Hyderabad, Mumbai, Pune, Chennai, Delhi, Mysore, Coimbatore, Vijayawada, Guntur, Kolkata, Ahmedabad, Gandhinagar, Lucknow, Kanpur, Gurgaon Vadodara, Visakhapatnam, Surat, Nagpur, Patna, Indore, Chandigarh Triplex, Jaipur, Noida, Ghaziabad.

introduce

BigBasket has more than 4 million registered users, with a monthly transaction volume of 15 billion rupees (about 1.54 billion yuan) and 2.5 million monthly transaction customers. The overall user retention rate is 35%. The average order price is about 1,500 rupees (about 153.8 yuan), and the delivery fee is 650 rupees (about 66.6 yuan).

Delivery time

Bigbasket has now launched a same-day delivery service, all orders before 12 noon will be delivered on the same day; orders after 12 noon will be delivered the next day. Orders worth more than 1,000 rupees (102.5 yuan) will be free of charge.

Financing

In August 2015, BigBasket, India's largest online grocer, received a new round of financing of US$50 million, led by Bessemer Venture Partners.

In March 2016, BigBasket completed its Series D financing of US$150 million. Investors included Abraaj Group, Ascent Capital Group, International Finance Corporation, Sands Capital Management, Zodius Capital, and Bessemer Venture Partners.

In March 2017, it obtained a venture loan of US$6.9 million.

In October 2017, BigBasket received an investment of US$839,000 from its current investor Trifecta venture.

In November 2017, BigBasket announced that it had raised another round of 520 million rupees (about 8.02 million US dollars). The investors were four venture capital firms that had previously invested in the company, including Abraaj Basket, Bessemer Venture Partners, International Finance Corp, an International Finance Corporation under the World Bank, and Sands Capital.

In February 2018, Bigbasket, India's largest online grocer, received $300 million in financing, led by Alibaba, with participation from Abraaj Group and Bessemer Venture Partners.

References

• 1. India's largest online grocery store 'Bigbasket' receives $300 million in financing led by Alibaba: Phoenix Technology [cited on 2018-01-31T16:00:00.000Z]
• 2. BigBasket, the Indian version of "Yihaodian", received a new round of financing of US$50 million: Yiou [cited on 2015-08-11T16:00:00.000Z]
• 3. Alibaba plans to invest $200 million in India's largest online supermarket BigBasket: linkshop [cited on 2017-12-07T16:00:00.000Z]