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| logo_size =
| logo_size =
| website = {{URL|https://bigbasket.com}}
| website = {{URL|https://bigbasket.com}}
| type = [[Privately held company|Private]]
| type = [[Subsidiary]]
| founded = {{Start date and age|df=yes|2011|10|}}
| founded = {{Start date and age|df=yes|2011|10|}}
| hq_location_city = [[Bangalore]]
| hq_location_city = [[Bangalore]]
| hq_location_country = India
| hq_location_country = India
| founders = {{ubl|V.S. Sudhakar|Hari Menon|V.S. Ramesh|Vipul Parekh|Abhinay Choudhari<ref name=National1 />}}
| founders = {{Unbulleted_list|V. S. Sudhakar|Hari Menon|V. S. Ramesh|Vipul Parekh|Abhinay Choudhari<ref name=National1 />}}
| industry = [[E-commerce]], [[Online shopping]]
| industry = [[E-commerce]], [[Online shopping]]
| services = [[Online grocer]]
| services = [[Online grocer]]
| key_people = {{ubl|Hari Menon ([[CEO]])<ref name=Reuters.funding />|Vipul Parekh ([[CFO]])<ref name=Bloomberg.ipo />}}
| key_people = {{Unbulleted_list|Hari Menon ([[CEO]])<ref name=Reuters.funding />|Vipul Parekh ([[CFO]])<ref name=Bloomberg.ipo />}}
| revenue = {{increase}} {{INRConvert|8561.2|c}} (FY22)<ref name="Revenue"/>
| revenue = {{increase}} {{INRConvert|9695|c}} (FY23)<ref name="Revenue"/>
| net_income = {{negative increase}} {{INRConvert|-1040.7|c}} (FY22)<ref name="Revenue">{{cite news |last1=Rudra |first1=Tapanjana |title=BigBasket B2B Arm’s Loss Narrows 57% To INR 177.9 Cr In FY22 |url=https://inc42.com/buzz/bigbasket-b2b-arms-loss-narrows-57-percent-to-inr-177-9-cr-in-fy22/ |access-date=9 March 2023 |work=Inc42 Media |date=20 September 2022 |language=en}}</ref>
| net_income = {{negative increase}} {{INRConvert|-1750|c}} (FY23)<ref name="Revenue">{{cite news |title=Tata Digital's revenue jumped 13X in FY23; losses widened at a slower pace |url=https://www.moneycontrol.com/news/business/earnings/tata-digitals-revenue-jumped-13x-in-fy23-losses-widened-at-a-slower-pace-11134951.html |access-date=9 August 2023 |work=Moneycontrol |date=9 August 2023 |language=en |archive-date=11 August 2023 |archive-url=https://web.archive.org/web/20230811021323/https://www.moneycontrol.com/news/business/earnings/tata-digitals-revenue-jumped-13x-in-fy23-losses-widened-at-a-slower-pace-11134951.html |url-status=live }}</ref>
| num_employees =
| num_employees =
| divisions = {{ubl|BB Daily<ref>{{cite news |last1=Vardhan |first1=Jai |title=BigBasket enters microdelivery space: Will it outlast Milkbasket and DailyNinja? |url=https://entrackr.com/2018/10/bigbasket-milkbasket-dailyninja/ |access-date=9 March 2023 |work=Entrackr |date=25 October 2018}}</ref>|BB Instant<ref>{{cite news |agency=[[Press Trust of India]] |title=BigBasket to invest $100 mn to set up vending machines, distribution points |url=https://www.business-standard.com/article/pti-stories/bigbasket-to-invest-100mn-to-strengthen-supply-chain-119042800327_1.html |access-date=9 March 2023 |work=Business Standard |date=28 April 2019 |language=en}}</ref>|BB Now<ref>{{cite news |last1=Mishra |first1=Digbijay |title=BigBasket jumps into buzzy quick delivery segment; will bring all grocery services in one app |url=https://economictimes.indiatimes.com/tech/startups/bigbasket-jumps-into-buzzy-quick-delivery-segment-will-bring-all-grocery-services-in-one-app/articleshow/87896466.cms |access-date=9 March 2023 |work=The Economic Times |date=25 November 2021}}</ref>}}
| divisions = {{ubl|BB Daily<ref>{{cite news |last1=Vardhan |first1=Jai |title=BigBasket enters microdelivery space: Will it outlast Milkbasket and DailyNinja? |url=https://entrackr.com/2018/10/bigbasket-milkbasket-dailyninja/ |access-date=9 March 2023 |work=Entrackr |date=25 October 2018 |archive-date=9 March 2023 |archive-url=https://web.archive.org/web/20230309133233/https://entrackr.com/2018/10/bigbasket-milkbasket-dailyninja/ |url-status=live }}</ref>|BB Instant<ref>{{cite news |agency=[[Press Trust of India]] |title=BigBasket to invest $100 mn to set up vending machines, distribution points |url=https://www.business-standard.com/article/pti-stories/bigbasket-to-invest-100mn-to-strengthen-supply-chain-119042800327_1.html |access-date=9 March 2023 |work=Business Standard |date=28 April 2019 |language=en |archive-date=9 March 2023 |archive-url=https://web.archive.org/web/20230309133217/https://www.business-standard.com/article/pti-stories/bigbasket-to-invest-100mn-to-strengthen-supply-chain-119042800327_1.html |url-status=live }}</ref>|BB Now<ref>{{cite news |last1=Mishra |first1=Digbijay |title=BigBasket jumps into buzzy quick delivery segment; will bring all grocery services in one app |url=https://economictimes.indiatimes.com/tech/startups/bigbasket-jumps-into-buzzy-quick-delivery-segment-will-bring-all-grocery-services-in-one-app/articleshow/87896466.cms |access-date=9 March 2023 |work=The Economic Times |date=25 November 2021 |archive-date=9 March 2023 |archive-url=https://web.archive.org/web/20230309133217/https://economictimes.indiatimes.com/tech/startups/bigbasket-jumps-into-buzzy-quick-delivery-segment-will-bring-all-grocery-services-in-one-app/articleshow/87896466.cms |url-status=live }}</ref>}}
| brands = {{hlist|Fresho|BB Royal|BB Popular|BB Home|GoodDiet<ref>{{cite news |title=Grocery Retail - Changing landscape |url=https://www.motilaloswal.com/site/rreports/637586596663262698.pdf |access-date=7 June 2023 |work=Motilal Oswal}}</ref>|HappyChef|Tasties<ref>{{cite news |title=Big Basket to strengthen private brands: Hari Menon |url=https://timesofindia.indiatimes.com/business/india-business/big-basket-to-strengthen-private-brands-hari-menon/articleshow/54355775.cms |access-date=7 June 2023 |work=The Times of India |date=16 September 2016}}</ref>}}
| brands = {{hlist|Fresho|BB Royal|BB Popular|BB Home|GoodDiet<ref>{{cite news |title=Grocery Retail - Changing landscape |url=https://www.motilaloswal.com/site/rreports/637586596663262698.pdf |access-date=7 June 2023 |work=Motilal Oswal |archive-date=7 June 2023 |archive-url=https://web.archive.org/web/20230607054617/https://www.motilaloswal.com/site/rreports/637586596663262698.pdf |url-status=live }}</ref>|HappyChef|Tasties<ref>{{cite news |title=Big Basket to strengthen private brands: Hari Menon |url=https://timesofindia.indiatimes.com/business/india-business/big-basket-to-strengthen-private-brands-hari-menon/articleshow/54355775.cms |access-date=7 June 2023 |work=The Times of India |date=16 September 2016 |archive-date=7 June 2023 |archive-url=https://web.archive.org/web/20230607054614/https://timesofindia.indiatimes.com/business/india-business/big-basket-to-strengthen-private-brands-hari-menon/articleshow/54355775.cms |url-status=live }}</ref>}}
| parent = [[Tata Group]]
| parent = Tata Digital
| area_served = India
| area_served = India
}}
}}


'''BigBasket''' is a large online grocer headquartered in [[Bangalore]], India, and currently owned by [[Tata Group]].<ref name=National1 /> Its registered company name is '''Supermarket Grocery Supplies Pvt.'''<ref name=Bloomberg.how />
'''BigBasket''' is an Indian online grocer headquartered in [[Bangalore]], India, and currently owned by [[List of entities associated with Tata Group|Tata Digital]].<ref name=National1 /> It was the first online grocer in India, set up in 2011. It is a registered company with the name '''Supermarket Grocery Supplies Pvt. Ltd.'''<ref name=Bloomberg.how />


{{As of|January 2023}}, the company operates in more than 30 cities in India and processes around 15&nbsp;million orders per month.<ref name=National1 />
{{As of|January 2023}}, the company operates in more than 30 cities in India and processes around 15&nbsp;million orders per month.<ref name=National1 />
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== History ==
== History ==


BigBasket began as a tech [[startup company]], founded in October 2011 by five entrepreneurs who had survived the [[dot-com crash]] of the early 2000's. The startup was initially funded by private equity investor Ascent Capital (Bangalore) with a capital injection of $10&nbsp;million.<ref name=Bloomberg.how />
BigBasket began as a tech [[startup company]], founded in December 2011 by five entrepreneurs who had survived the [[dot-com crash]] of the early 2000s. The startup was initially funded by private equity investor Ascent Capital (Bangalore) with a capital injection of $10&nbsp;million.<ref name=Bloomberg.how />


In 2015, Bigbasket acquired the [[hyperlocal]] delivery company Delyver to build its [[Last mile (transportation)|last-mile]] delivery network.<ref>{{cite news |last1=Chakraborty |first1=Sayan |title=BigBasket acquires Delyver in cash-stock deal |url=https://www.livemint.com/Companies/3858DNzqTY6oQdJMeeaV1J/BigBasket-acquires-Delyver-in-cashstock-deal.html |access-date=27 August 2023 |work=[[Mint (newspaper)|Mint]] |date=13 June 2015 |language=en |url-status=live |archive-date=17 July 2015 |archive-url=https://web.archive.org/web/20150717045747/https://www.livemint.com/Companies/3858DNzqTY6oQdJMeeaV1J/BigBasket-acquires-Delyver-in-cashstock-deal.html}}</ref>
⚫
By mid-2016, Bigbasket was operating in eight large Indian cities and had grown to become India's biggest e-grocer.<ref name=Bloomberg.how /> The company's [[unique selling point]] was delivery of fresh produce, based on the purchase of fruit and vegetables from local marketplaces each morning, storage in refrigerated warehouses and a fleet of temperature-controlled trucks to deliver fresh to the door.<ref name=Bloomberg.how />

⚫
By mid-2016, Bigbasket was operating in eight large Indian cities and had grown to become India's biggest e-grocer.<ref name=Bloomberg.how /> The company's [[unique selling point]] was delivery of fresh produce, based on the purchase of fruit and vegetables from local marketplaces each morning, storage in [[Refrigeration|refrigerated]] warehouses and a fleet of temperature-controlled trucks to deliver fresh to the door.<ref name=Bloomberg.how /><ref>{{cite news |last1=Dutta Choudhury |first1=Sonya |title=What's behind the basket? |url=https://www.livemint.com/Leisure/9t02bTKYMoCkor48gkHYgJ/Whats-behind-the-basket.html |access-date=27 August 2023 |work=[[Mint (newspaper)|Mint]] |date=5 September 2015 |language=en |url-status=live |archive-date=27 September 2015 |archive-url=https://web.archive.org/web/20150927140627/https://www.livemint.com/Leisure/9t02bTKYMoCkor48gkHYgJ/Whats-behind-the-basket.html}}</ref>


China's [[Alibaba Group]] led a $300&nbsp;million funding round in early 2018 to become the main shareholder in the company,<ref name=Reuters.funding /> taking the online grocer's valuation up to $950&nbsp;million.<ref name=Bloomberg.how /> By May 2019, BigBasket was operating across 25 Indian cities,<ref name=Reuters.funding /> and became India's newest '[[Unicorn (finance)|unicorn]]' (a startup valued at more than $1&nbsp;billion) by raising $150&nbsp;million in a new funding round led by [[Mirae Asset]]-[[Naver Corporation|Naver Asia]] Growth Fund, the [[CDC Group]] and Alibaba.<ref name=techcrunch.unicorn />
China's [[Alibaba Group]] led a $300&nbsp;million funding round in early 2018 to become the main shareholder in the company,<ref name=Reuters.funding /> taking the online grocer's valuation up to $950&nbsp;million.<ref name=Bloomberg.how /> By May 2019, BigBasket was operating across 25 Indian cities,<ref name=Reuters.funding /> and became India's newest '[[Unicorn (finance)|unicorn]]' (a startup valued at more than $1&nbsp;billion) by raising $150&nbsp;million in a new funding round led by [[Mirae Asset]]-[[Naver Corporation|Naver Asia]] Growth Fund, the [[CDC Group]] and Alibaba.<ref name=techcrunch.unicorn />


In October 2020, BigBasket suffered a [[Data breaches in India|data breach]] exposing the data of more than 20 million users, which included email, IP and physical addresses, names, phones numbers, dates of birth and passwords.<ref>{{Cite web |date=2020-11-08 |title=Bigbasket faces potential data breach; details of 2 crore users put on sale on dark web |url=https://indianexpress.com/article/business/business-others/bigbasket-data-breach-user-details-leaked-dark-web-cyber-crime-7009578/ |access-date=2023-06-27 |website=The Indian Express |language=en |archive-date=2023-06-27 |archive-url=https://web.archive.org/web/20230627191854/https://indianexpress.com/article/business/business-others/bigbasket-data-breach-user-details-leaked-dark-web-cyber-crime-7009578/ |url-status=live }}</ref>
⚫
The company was valued at around $1.85&nbsp;billion in May 2021. Demand for online grocery shopping increased considerably in the wake of the [[COVID-19 pandemic in India|COVID-19 pandemic]] and by the start of 2022, BigBasket was processing over 7&nbsp;million orders per month.<ref name=BS18 />

⚫
The company was valued at around $1.85&nbsp;billion in May 2021. Demand for online grocery shopping increased considerably in the wake of the [[COVID-19 pandemic in India|COVID-19 pandemic]] and by the start of 2022, BigBasket was processing over 7&nbsp;million orders per month.<ref name="BS18" />


[[Tata Group]] became the owner of BigBasket in May 2021 when its Tata Digital subsidiary acquired a 64% majority stake in the company.<ref name=economictimes.tata /> In January 2023, BigBasket received a $200&nbsp;million injection from investors, including majority shareholder Tata Digital, taking the company valuation up to $3.2&nbsp;billion.<ref name=National1 /><ref name=Bloomberg.ipo />
[[Tata Group]] became the owner of BigBasket in May 2021, when its Tata Digital subsidiary acquired a 64% majority stake in the company.<ref name=economictimes.tata /> In January 2023, BigBasket received a $200&nbsp;million injection from investors, including majority shareholder Tata Digital, taking the company valuation up to $3.2&nbsp;billion.<ref name=National1 /><ref name=Bloomberg.ipo />


⚫
According to [[CEO]] Vipul Parekh, over one-third of the company's revenue comes from its [[private label]] products.<ref>{{cite news |last1=Soni |first1=Yatti |title=BigBasket eyes expansion into 450 towns by end March |url=https://www.thehindubusinessline.com/companies/bigbasket-eyes-expansion-into-450-towns-by-end-march/article66330433.ece |access-date=9 March 2023 |work=The Hindu Businessline |date=2 January 2023 |language=en |archive-date=9 March 2023 |archive-url=https://web.archive.org/web/20230309132056/https://www.thehindubusinessline.com/companies/bigbasket-eyes-expansion-into-450-towns-by-end-march/article66330433.ece |url-status=live }}</ref>
==Products==
⚫
BigBasket offers tens of thousands of different products, including fruits and vegetables, meats, spices, toiletries, baby products and pet food.<ref name=Reuters.funding /><ref name=BS18 /> According to CEO Vipul Parekh, over one-third of the company's revenue comes from its [[private label]] products.<ref>{{cite news |last1=Soni |first1=Yatti |title=BigBasket eyes expansion into 450 towns by end March |url=https://www.thehindubusinessline.com/companies/bigbasket-eyes-expansion-into-450-towns-by-end-march/article66330433.ece |access-date=9 March 2023 |work=The Hindu Businessline |date=2 January 2023 |language=en}}</ref>


==Offline retail==
==Offline retail==
On 24 November 2021, BigBasket opened its first physical store, branded 'Fresho', primarily for the sale of fresh fruit and vegetables. Located in Bangalore, this was the first of many planned Fresho stores.<ref name=BS18 /><ref name=Times.physical />
On 24 November 2021, BigBasket opened its first physical store, branded 'Fresho', primarily for the sale of fresh fruit and vegetables, in Bangalore.<ref name=BS18 /><ref name=Times.physical />


==See also==
==See also==
*[[Tata Neu]]
*[[Tata Neu]]
*[[List of online grocers]]
*[[E-commerce in India]]
*[[E-commerce in India]]


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{{Reflist|30em|refs=
{{Reflist|30em|refs=


<ref name=National1>{{Cite web|url=https://www.thenationalnews.com/business/technology/2023/01/02/how-indias-largest-online-grocer-aims-to-win-the-ecommerce-race/ |title=How India's largest online grocer aims to win the e-commerce race |date=2 January 2023 |access-date=3 February 2023 |last=Bundhun |first=Rebecca |work=[[The National (Abu Dhabi)|The National]]}}</ref>
<ref name=National1>{{Cite web |url=https://www.thenationalnews.com/business/technology/2023/01/02/how-indias-largest-online-grocer-aims-to-win-the-ecommerce-race/ |title=How India's largest online grocer aims to win the e-commerce race |date=2 January 2023 |access-date=3 February 2023 |last=Bundhun |first=Rebecca |work=[[The National (Abu Dhabi)|The National]] |archive-date=3 February 2023 |archive-url=https://web.archive.org/web/20230203103652/https://www.thenationalnews.com/business/technology/2023/01/02/how-indias-largest-online-grocer-aims-to-win-the-ecommerce-race/ |url-status=live }}</ref>


<ref name=Bloomberg.ipo>{{Cite web|url=https://www.bloomberg.com/news/articles/2022-12-21/tata-s-bigbasket-eyes-ipo-by-2025-after-200-million-fundraising |title=Tata's Bigbasket Eyes IPO by 2025 After $200 Million Funding |date=21 December 2022 |last=Kay |first=Chris |work=[[Bloomberg News]] |access-date=3 February 2023 |url-access=registration}}</ref>
<ref name=Bloomberg.ipo>{{Cite web |url=https://www.bloomberg.com/news/articles/2022-12-21/tata-s-bigbasket-eyes-ipo-by-2025-after-200-million-fundraising |title=Tata's Bigbasket Eyes IPO by 2025 After $200 Million Funding |date=21 December 2022 |last=Kay |first=Chris |work=[[Bloomberg News]] |access-date=3 February 2023 |url-access=registration |archive-date=5 March 2023 |archive-url=https://web.archive.org/web/20230305075228/https://www.bloomberg.com/news/articles/2022-12-21/tata-s-bigbasket-eyes-ipo-by-2025-after-200-million-fundraising |url-status=live }}</ref>


<ref name=Reuters.funding>{{Cite web|url=https://www.reuters.com/article/alibaba-bigbasket-funding-idINKCN1SC0P5 |title=Bigbasket valued at over $1 billion in fresh funding round |date=6 May 2019 |last=Thomas |first=Chris |website=reuters.com |access-date=4 February 2023}}</ref>
<ref name=Reuters.funding>{{Cite web |url=https://www.reuters.com/article/alibaba-bigbasket-funding-idINKCN1SC0P5 |title=Bigbasket valued at over $1 billion in fresh funding round |date=6 May 2019 |last=Thomas |first=Chris |website=reuters.com |access-date=4 February 2023 |archive-date=4 February 2023 |archive-url=https://web.archive.org/web/20230204172248/https://www.reuters.com/article/alibaba-bigbasket-funding-idINKCN1SC0P5 |url-status=live }}</ref>


<ref name=Times.physical>{{Cite web|url=https://timesofindia.indiatimes.com/business/india-business/bigbasket-opens-1st-physical-store-targets-800-in-5-years/articleshow/87899495.cms |title=BigBasket opens 1st physical store, targets 800 in 5 years |last=Phadnis |first=Shilpa |date=25 November 2021 |website=[[The Times of India]] |access-date=8 February 2023}}</ref>
<ref name=Times.physical>{{Cite web |url=https://timesofindia.indiatimes.com/business/india-business/bigbasket-opens-1st-physical-store-targets-800-in-5-years/articleshow/87899495.cms |title=BigBasket opens 1st physical store, targets 800 in 5 years |last=Phadnis |first=Shilpa |date=25 November 2021 |website=[[The Times of India]] |access-date=8 February 2023 |archive-date=25 September 2022 |archive-url=https://web.archive.org/web/20220925195632/https://timesofindia.indiatimes.com/business/india-business/bigbasket-opens-1st-physical-store-targets-800-in-5-years/articleshow/87899495.cms |url-status=live }}</ref>


<ref name=BS18>{{Cite web|url=https://www.business-standard.com/article/companies/bigbasket-establishes-presence-in-18-tier-2-and-3-cities-across-india-122020201023_1.html |title=BigBasket establishes presence in 18 tier-2 and 3 cities across India |date=2 February 2022 |access-date=8 February 2023 |website=[[Business Standard]] |url-access=subscription |url-status=live |archive-url=https://web.archive.org/web/20220204012935/https://www.business-standard.com/article/companies/bigbasket-establishes-presence-in-18-tier-2-and-3-cities-across-india-122020201023_1.html |archive-date=4 February 2022}}</ref>
<ref name=BS18>{{Cite web|url=https://www.business-standard.com/article/companies/bigbasket-establishes-presence-in-18-tier-2-and-3-cities-across-india-122020201023_1.html |title=BigBasket establishes presence in 18 tier-2 and 3 cities across India |date=2 February 2022 |access-date=8 February 2023 |website=[[Business Standard]] |url-access=subscription |url-status=live |archive-url=https://web.archive.org/web/20220204012935/https://www.business-standard.com/article/companies/bigbasket-establishes-presence-in-18-tier-2-and-3-cities-across-india-122020201023_1.html |archive-date=4 February 2022}}</ref>
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<ref name=Bloomberg.how>{{Cite web|url=https://www.bloomberg.com/news/articles/2018-03-19/alibaba-backed-grocery-startup-battles-amazon-in-india |title=How Dotcom Survivors Built a $950 Million Startup in India |date=19 March 2018 |last=Rai |first=Saritha |work=[[Bloomberg News]] |url-access=registration |archive-date=20 March 2018 |archive-url=https://web.archive.org/web/20180320023020/https://www.bloomberg.com/news/articles/2018-03-19/alibaba-backed-grocery-startup-battles-amazon-in-india |url-status=live}}</ref>
<ref name=Bloomberg.how>{{Cite web|url=https://www.bloomberg.com/news/articles/2018-03-19/alibaba-backed-grocery-startup-battles-amazon-in-india |title=How Dotcom Survivors Built a $950 Million Startup in India |date=19 March 2018 |last=Rai |first=Saritha |work=[[Bloomberg News]] |url-access=registration |archive-date=20 March 2018 |archive-url=https://web.archive.org/web/20180320023020/https://www.bloomberg.com/news/articles/2018-03-19/alibaba-backed-grocery-startup-battles-amazon-in-india |url-status=live}}</ref>


<ref name=techcrunch.unicorn>{{Cite web|url=https://techcrunch.com/2019/05/06/grocery-startup-bigbasket-becomes-indians-newest-unicorn-with-new-150m-investment/ |title=Grocery startup BigBasket becomes India's newest unicorn with new $150M investment |last=Singh |first=Manish |date=6 May 2019 |website=[[TechCrunch]] |access-date=18 February 2023}}</ref>
<ref name=techcrunch.unicorn>{{Cite web |url=https://techcrunch.com/2019/05/06/grocery-startup-bigbasket-becomes-indians-newest-unicorn-with-new-150m-investment/ |title=Grocery startup BigBasket becomes India's newest unicorn with new $150M investment |last=Singh |first=Manish |date=6 May 2019 |website=[[TechCrunch]] |access-date=18 February 2023 |archive-date=18 February 2023 |archive-url=https://web.archive.org/web/20230218191509/https://techcrunch.com/2019/05/06/grocery-startup-bigbasket-becomes-indians-newest-unicorn-with-new-150m-investment/ |url-status=live }}</ref>


<ref name=economictimes.tata>{{Cite web|url=https://economictimes.indiatimes.com/tech/startups/tata-says-acquired-a-majority-stake-in-online-grocery-bigbasket/articleshow/83029366.cms |title=Tata Digital buys 64% stake in BigBasket |date=28 May 2021 |work=[[The Economic Times]] |archive-date=10 June 2021 |archive-url=https://web.archive.org/web/20210610172712/https://economictimes.indiatimes.com/tech/startups/tata-says-acquired-a-majority-stake-in-online-grocery-bigbasket/articleshow/83029366.cms |url-access=subscription |url-status=live}}</ref>
<ref name=economictimes.tata>{{Cite web|url=https://economictimes.indiatimes.com/tech/startups/tata-says-acquired-a-majority-stake-in-online-grocery-bigbasket/articleshow/83029366.cms |title=Tata Digital buys 64% stake in BigBasket |date=28 May 2021 |work=[[The Economic Times]] |archive-date=10 June 2021 |archive-url=https://web.archive.org/web/20210610172712/https://economictimes.indiatimes.com/tech/startups/tata-says-acquired-a-majority-stake-in-online-grocery-bigbasket/articleshow/83029366.cms |url-access=subscription |url-status=live}}</ref>


<ref name=Times.ipo>{{Cite web|url=https://www.indiatimes.com/worth/news/tata-group-backed-bigbasket-ipo-by-2025-588257.html |title=Tata Group Backed BigBasket Eyes IPO By 2025 After $200 Million Funding Takes Its Valuation To $3.2 Billion |date=22 December 2022 |last=Gautam |first=Vanya |work=[[The Times of India]] |access-date=5 March 2023}}</ref>
<ref name=Times.ipo>{{Cite web |url=https://www.indiatimes.com/worth/news/tata-group-backed-bigbasket-ipo-by-2025-588257.html |title=Tata Group Backed BigBasket Eyes IPO By 2025 After $200 Million Funding Takes Its Valuation To $3.2 Billion |date=22 December 2022 |last=Gautam |first=Vanya |work=[[The Times of India]] |access-date=5 March 2023 |archive-date=5 March 2023 |archive-url=https://web.archive.org/web/20230305074625/https://www.indiatimes.com/worth/news/tata-group-backed-bigbasket-ipo-by-2025-588257.html |url-status=live }}</ref>


}}
}}


==External links==
[[Category:Online companies of India]]
[[Category:Online companies of India]]
[[Category:Online food ordering]]
[[Category:Online food ordering]]
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[[Category:Indian companies established in 2011]]
[[Category:Indian companies established in 2011]]
[[Category:Retail companies established in 2011]]
[[Category:Retail companies established in 2011]]
[[Category:Companies based in Bangalore]]
[[Category:Tata Group]]

Latest revision as of 04:53, 1 July 2024

BigBasket
Company typeSubsidiary
IndustryE-commerce, Online shopping
FoundedOctober 2011; 12 years ago (2011-10)
Founders
  • V. S. Sudhakar
  • Hari Menon
  • V. S. Ramesh
  • Vipul Parekh
  • Abhinay Choudhari[1]
Headquarters
Bangalore
,
India
Area served
India
Key people
Brands
  • Fresho
  • BB Royal
  • BB Popular
  • BB Home
  • GoodDiet[4]
  • HappyChef
  • Tasties[5]
ServicesOnline grocer
RevenueIncrease ₹9,695 crore (US$1.2 billion) (FY23)[6]
Negative increase ₹−1,750 crore (US$−210 million) (FY23)[6]
ParentTata Digital
Divisions
Websitebigbasket.com

BigBasket is an Indian online grocer headquartered in Bangalore, India, and currently owned by Tata Digital.[1] It was the first online grocer in India, set up in 2011. It is a registered company with the name Supermarket Grocery Supplies Pvt. Ltd.[10]

As of January 2023, the company operates in more than 30 cities in India and processes around 15 million orders per month.[1]

According to Bloomberg News, BigBasket is considering an initial public offering by 2025 as part of its growth plans.[3][11]

History[edit]

BigBasket began as a tech startup company, founded in December 2011 by five entrepreneurs who had survived the dot-com crash of the early 2000s. The startup was initially funded by private equity investor Ascent Capital (Bangalore) with a capital injection of $10 million.[10]

In 2015, Bigbasket acquired the hyperlocal delivery company Delyver to build its last-mile delivery network.[12]

By mid-2016, Bigbasket was operating in eight large Indian cities and had grown to become India's biggest e-grocer.[10] The company's unique selling point was delivery of fresh produce, based on the purchase of fruit and vegetables from local marketplaces each morning, storage in refrigerated warehouses and a fleet of temperature-controlled trucks to deliver fresh to the door.[10][13]

China's Alibaba Group led a $300 million funding round in early 2018 to become the main shareholder in the company,[2] taking the online grocer's valuation up to $950 million.[10] By May 2019, BigBasket was operating across 25 Indian cities,[2] and became India's newest 'unicorn' (a startup valued at more than $1 billion) by raising $150 million in a new funding round led by Mirae Asset-Naver Asia Growth Fund, the CDC Group and Alibaba.[14]

In October 2020, BigBasket suffered a data breach exposing the data of more than 20 million users, which included email, IP and physical addresses, names, phones numbers, dates of birth and passwords.[15]

The company was valued at around $1.85 billion in May 2021. Demand for online grocery shopping increased considerably in the wake of the COVID-19 pandemic and by the start of 2022, BigBasket was processing over 7 million orders per month.[16]

Tata Group became the owner of BigBasket in May 2021, when its Tata Digital subsidiary acquired a 64% majority stake in the company.[17] In January 2023, BigBasket received a $200 million injection from investors, including majority shareholder Tata Digital, taking the company valuation up to $3.2 billion.[1][3]

According to CEO Vipul Parekh, over one-third of the company's revenue comes from its private label products.[18]

Offline retail[edit]

On 24 November 2021, BigBasket opened its first physical store, branded 'Fresho', primarily for the sale of fresh fruit and vegetables, in Bangalore.[16][19]

See also[edit]

References[edit]

  1. ^ a b c d Bundhun, Rebecca (2 January 2023). "How India's largest online grocer aims to win the e-commerce race". The National. Archived from the original on 3 February 2023. Retrieved 3 February 2023.
  2. ^ a b c Thomas, Chris (6 May 2019). "Bigbasket valued at over $1 billion in fresh funding round". reuters.com. Archived from the original on 4 February 2023. Retrieved 4 February 2023.
  3. ^ a b c Kay, Chris (21 December 2022). "Tata's Bigbasket Eyes IPO by 2025 After $200 Million Funding". Bloomberg News. Archived from the original on 5 March 2023. Retrieved 3 February 2023.
  4. ^ "Grocery Retail - Changing landscape" (PDF). Motilal Oswal. Archived (PDF) from the original on 7 June 2023. Retrieved 7 June 2023.
  5. ^ "Big Basket to strengthen private brands: Hari Menon". The Times of India. 16 September 2016. Archived from the original on 7 June 2023. Retrieved 7 June 2023.
  6. ^ a b "Tata Digital's revenue jumped 13X in FY23; losses widened at a slower pace". Moneycontrol. 9 August 2023. Archived from the original on 11 August 2023. Retrieved 9 August 2023.
  7. ^ Vardhan, Jai (25 October 2018). "BigBasket enters microdelivery space: Will it outlast Milkbasket and DailyNinja?". Entrackr. Archived from the original on 9 March 2023. Retrieved 9 March 2023.
  8. ^ "BigBasket to invest $100 mn to set up vending machines, distribution points". Business Standard. Press Trust of India. 28 April 2019. Archived from the original on 9 March 2023. Retrieved 9 March 2023.
  9. ^ Mishra, Digbijay (25 November 2021). "BigBasket jumps into buzzy quick delivery segment; will bring all grocery services in one app". The Economic Times. Archived from the original on 9 March 2023. Retrieved 9 March 2023.
  10. ^ a b c d e Rai, Saritha (19 March 2018). "How Dotcom Survivors Built a $950 Million Startup in India". Bloomberg News. Archived from the original on 20 March 2018.
  11. ^ Gautam, Vanya (22 December 2022). "Tata Group Backed BigBasket Eyes IPO By 2025 After $200 Million Funding Takes Its Valuation To $3.2 Billion". The Times of India. Archived from the original on 5 March 2023. Retrieved 5 March 2023.
  12. ^ Chakraborty, Sayan (13 June 2015). "BigBasket acquires Delyver in cash-stock deal". Mint. Archived from the original on 17 July 2015. Retrieved 27 August 2023.
  13. ^ Dutta Choudhury, Sonya (5 September 2015). "What's behind the basket?". Mint. Archived from the original on 27 September 2015. Retrieved 27 August 2023.
  14. ^ Singh, Manish (6 May 2019). "Grocery startup BigBasket becomes India's newest unicorn with new $150M investment". TechCrunch. Archived from the original on 18 February 2023. Retrieved 18 February 2023.
  15. ^ "Bigbasket faces potential data breach; details of 2 crore users put on sale on dark web". The Indian Express. 2020-11-08. Archived from the original on 2023-06-27. Retrieved 2023-06-27.
  16. ^ a b "BigBasket establishes presence in 18 tier-2 and 3 cities across India". Business Standard. 2 February 2022. Archived from the original on 4 February 2022. Retrieved 8 February 2023.
  17. ^ "Tata Digital buys 64% stake in BigBasket". The Economic Times. 28 May 2021. Archived from the original on 10 June 2021.
  18. ^ Soni, Yatti (2 January 2023). "BigBasket eyes expansion into 450 towns by end March". The Hindu Businessline. Archived from the original on 9 March 2023. Retrieved 9 March 2023.
  19. ^ Phadnis, Shilpa (25 November 2021). "BigBasket opens 1st physical store, targets 800 in 5 years". The Times of India. Archived from the original on 25 September 2022. Retrieved 8 February 2023.
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