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What is the revenue model of BigBasket?
The brand houses products coming from 1,000 different sellers and provides them with a platform to showcase and sell their products. Big Basket eliminates the role of go-betweens in the consumer-supplier chain. It saves a lot from the money of the customers.
What is the business model of BigBasket Mcq?
For consumers, BigBasket is a delivery platform but as a business it is spread out into everything from procurement to supply chain and logistics as well as in consumer services through subscription-based delivery and also somewhat into the foodtech category thanks to some local shops selling specialty items.
How does Ninjacart make money?
Ninja cart buys from farmers and sells to retailers and foodservice providers within 12 hours. Nagarajan says that more than 25\% of the vegetables Ninjacart sells are procured directly from farmers.
Which business major has decided to buy online grocery big basket and has approved CCI approval?
Tata Group
Notes: Tata Group has proposed to purchase online grocer Big Basket and it has received the approval from Competition Commission of India for the acquisition. Tata Group’s digital arm Tata Digital Ltd would acquire Big Basket for a value of Rs. 9,500 crore, which is 64.3\% of the total share capital of Big Basket.
What is big basket business model?
Founded in the year 2011, Big Basket Business Model revolves around Online Grocery Delivery Services that deliver grocery goods found in home essentials, convenience stores, and food supplies to its users. The company is headquartered in Bangalore, and it is functional all across India.
What is the valuation of bigbasket?
BigBasket’s valuation rockets to around $1.85 billion as of May 2021. Read About BigBasket Company Profile, Story, Founders, Competitors, Business Model, Revenue, Funding, Acquisitions etc.,
How does bigbasket manage its supply chain?
For managing the supply of fresh and perishable goods such as meat, vegetables, and fruits, the Company ties up directly with the respective suppliers, grocery stores, dark stores (only cater to online delivery services) to maintain inventory. When BigBasket was launched in December 2011, the stocks we kept were not as much as today.
What is the revenue of bigbasket in 2020?
Bigbasket has generated Rs 3,200 crore in revenue in FY19. The company is aiming to generate a revenue of almost INR 6,300 crore in the year 2020. BigBasket has strong plans of retaining its post as the largest grocery delivery platform in India.