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How does BigBasket generate revenue?
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.
How do Grofers make money?
Revenue Model: How Grofers Make Money! All the items are stored at Grofers’ warehouse; the company uses its infrastructure to deliver and connect with an end number of brands. Grofers charges around 8 to 15\% on every order placed using the platform.
Is big basket making profit?
BigBasket, now owned by the Tata Group, posted a 26.18\% rise in losses to Rs 709.98 crore as total expenses increased by 31.08\% y-o-y to Rs 4,411.39 crore. Advertising and promotional costs declined by about 22\% but remained elevated at Rs 148.07 crore.
What is BigBasket business model?
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.
What kind of business is BigBasket?
online grocery super market
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.
Who is the CEO of Grofers?
Albinder Dhindsa
Blinkit (formerly Grofers) is an Indian online grocery delivery service. It was founded in December 2013 and is based out of Gurugram, India….Blinkit.
| Type of business | Private |
|---|---|
| Area served | India |
| Founder(s) | Albinder Dhindsa |
| Key people | Albinder Dhindsa (CEO) |
| Industry | E-commerce |
Is Grofers a loss?
Grofers spent Rs 1.55 to earn a single rupee of revenue during FY20. The Albinder Dhindsa-led firm has lost Rs 1,181.2 crore in FY20, up 68.2\% from FY19’s losses of Rs 702.3 crore but the EBITDA margin remained somewhat stable at -48.6\%.
What is the delivery charge of Grofers?
As of now there are no charges for delivery if orders are above Rs 250, else delivery charges of Rs 49 apply. Once you add your products to the cart, you can select your preferred date and time of delivery. You can pay online or pay cash On delivery. Over the course of few days, we used the app to place orders.
What do bigbasket and Grofers have in common?
Both have burnt through millions of dollars for a podium finish in online grocery. Both are backed by moneybags, SoftBank and Alibaba, whose interests are perceived to be aligned. But, BigBasket and Grofers, the two largest homegrown online grocery stores, have adopted divergent strategies to survive and thrive.
How much money has Grofers raised in 2019?
Series F was conducted next year in May 2019, and the company managed to raise $200 Million in funds. In July 2019, Grofers managed to add $10 Million to Series funding. The company added $20.1 Million to its funds in equity in October of 2019. In November 2019, Grofers increased $45.2 Million in equity.
How big is Grofers’ cash flow?
Grofers, however, has defied conventional wisdom. The firm clocked ₹700 crore in sales in FY18, up from ₹250 crore the year before and is on track to exit FY19 with ₹2,500-3,000 crore in sales, says co-founder and chief executive Albinder Dhindsa. Monthly cash burn, however, remains constant since mid-2016, at approximately ₹15-18 crore.
Is Grofers the best online grocery delivery service in India?
Grofers comes as an example of the same drive and has become one of the hottest online grocery delivery services in India, along with Amazon India, Big Basket, and other similar services. Since its inception in 2013, Grofers has been successful in engaging its target audience, as well as generating interest and investments from investors.