Is BigBasket a Indian company?
Is BigBasket a Indian company?
BigBasket is an Indian company but has Chinese investors like Alibaba Group and TR Capital.
What is the revenue of BigBasket?
Bigbasket’s B2b arm recorded a 73% growth in its operating revenue to Rs 6,558 crore in FY21 from Rs 3,794 crore in the previous fiscal year (FY20). Revenue from the wholesale of grocery and other household products constitutes 97.5% of the company’s total operating revenue.
Who owns BigBasket in India?
Tata Digital
Tata Digital had acquired 64.3 per cent of the total share capital of BigBasket’s parent company Supermarket Grocery Supplies earlier this year.
Who are the investors in BigBasket?
Bigbasket investors
| Date | Investors | Amount |
|---|---|---|
| Sep 2017 | Alibaba The Abraaj Group Sands Capital Paytm Mall | $280m |
| Oct 2017 | Trifecta Retail Ventures | $839k |
| Dec 2017 * | Alibaba | $300m Valuation: $1.0b |
| Mar 2019 | Alibaba CDC Group Mirae Asset Venture Investment | $150m Valuation: $2.3b |
Is BigBasket owned by Tata?
bigbasket, now a part of the TATA Group will be known as bigbasket, A TATA Enterprise. In May 2019, Tata Digital, a 100% subsidiary of Tata Sons has acquired a majority stake in Supermarket Grocery Supplies (bigbasket) – India’s largest e-commerce player in the Food & Grocery segment.
Is BigBasket a private company?
BIG BASKET ENTERPRISES PRIVATE LIMITED is a Private incorporated on 27-11-2014. It is classified as a Non-govt company and is registered at RoC-Pune. Their state of registration is Maharashtra. Its authorized share capital is 100000.00 and its paid-up capital is 100000.00.
Is BigBasket making profit?
Its revenue from sales (operating revenue) reported a 7% dip to ₹2,428 crore compared to ₹2,644.80 crore reported in FY20. Well, BigBasket is actually much worse than Spencer’s in terms of its losses. The company had been burning cash ever since its inception in 2011 and is nowhere close to profitability.
What is the revenue of Grofers?
22.89 billion INR (US$300 million, 2020)Blinkit / Revenue
Is BigBasket owned by Chinese company?
New Delhi: Tata group is acquiring 68 percent stake in online grocery platform BigBasket for around Rs 9,500 crore. Chinese internet giant Alibaba has about 30 percent stake in BigBasket. The deal provides an exit route for a host of investors of BigBasket, including Chinese billionaire Jack Ma-controlled Alibaba.
Is Grofers Chinese app?
Blinkit (formerly Grofers) is an Indian instant delivery service. It was founded in December 2013 and is based out of Gurgaon.
Who founded BigBasket?
Hari Menon
Vipul ParekhAbhinay ChoudhariVS RameshVS Sudhakar
Bigbasket/Founders
How do I invest in BigBasket?
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