Online grocery startup Big Basket timed gross deals of $1.1 billion, or Rs 8,000 crore, in monetary year 2021, turning out to be just the second upward internet business major part in India to do as such after online design retailer Myntra. Even e-rears like Flipkart and Amazon India, who sell a wide range of products, have recently crossed the billion-dollar deals mark. That Big Basket, presently lion’s share claimed by Tata Group, has arrived at this achievement.
BigBasket contends with players like Grofers, JioMart, Swiggy’s Instamart, Amazon and Flipkart. As per a report by RedSeer delivered in January 2021, the Indian basic food item area is a $850 billion market, with staple goods representing 66% of the absolute retail spend in India. 95% of the basic food item market in India is driven by nearby kirana or mother and pop shops, riding on their capacity to offer advantageous and limited support to clients.
Advanced basic food item stages are presently upsetting the staple space, on the rear of a worked on store network tech-empowered retail layer, and making a wide scope of items, brands and SKUs (stock keeping units). E-basic food item, a fundamental focussed web based business classification likewise profited incredibly after the Covid19 pandemic, as more individuals liked to remain at home and shop on the web. The e-basic food item market is relied upon to enter 3% of the complete staple an open door in 2025, at a market size of $24 Billion.