Skip to main content

Know About Big basket bussiness modal


               BY   DIVAKAR KUMAR PANDAY

BigBasket.com is India’s largest online supermarket and allows a customer to walk away from the drudgery of grocery shopping and welcome an easy relaxed way of browsing and shopping for groceries. The company currently operates from Bangalore, Mumbai and Hyderabad and has a diverse portfolio that carries more than 12,000 products and over 1,000 brands.

Founders:  Hari Menon, VS Sudhakar, VS Ramesh

Founded : October 2011



Bigbasket  Model:

Today Bigbasket.com is one of the leading online grocers in India. The company bases its success on the three pillars namely exceptional customer focus ( Bigbasket offers same-day delivery across a city, 99.3% on time delivery, 99.5% order fill rate and a no questions asked customer return policy, all of which has contributed to high customer loyalty and excellent customer feedback.

Grocery business in India is a 400 billion dollar addressable market of which e-grocery accounts for only 0.1%. bigbasket continues to scale at a time when many start-ups are cutting down on their operating costs and shutting operations in many geographical locations


On top of it all, BigBasket compensates a customer every time it is not able to deliver on its promise thus ensuring that there is consistent focus on raising the bar higher.) , wide range and variety of products ( They have more than 40% of their sales coming through their own brands. It operates on a margin of 25% on other products and over 35% for in-house labels.

BigBasket has further innovated by offering products such as cut fruits and vegetables, a range of recipe mixes and have recently launched their own bakery in Bangalore that delivers bread baked to order  ) and continuous innovation with the help of technology (BigBasket has both android and iOS mobile apps which allow customers to order groceries on the go. Features such as “Smart-basket” predicts what a customer needs more often and reduces the time-to-order to “within 5 minutes”



Comments

Popular posts from this blog

Reliance launches e-commerce platform JioMart across several cities

           BY   DIVAKAR KUMAR PANDAY     Reliance has finally launched its e-commerce portal JioMart for several cities across India after running a pilot for limited pin codes in Mumbai, a move that is set to change the current positioning of the online grocery delivery service in India which is currently dominated by Bigbasket and Grofers. The service is live across Mumbai, Chennai, Kolkata, Hyderabad, Delhi, Bengaluru, Jaipur, Trivandrum and some tier II cities as well. During the pilot, JioMart was working with a WhatsApp business account. The JioMart website has listed essential grocery items as well as farm produce. The fruits and vegetables will be directly sourced from farmers that have collaborated with the brand. So technically, it would also compete with micro delivery platforms such as Swiggy’s Suprdaily, BBDaily and Milkbasket, and also farm to fork businesses including Ninjacart and Crofarm. The  platform  covers everything related to grocery, FMCG and consum

Nearly 2,000 e-contents uploaded to Magadh University website: VC

          BY  DIVAKAR KUMAR PANDAY. Ever since the introduction of online teaching in Magadh University in mid-April, nearly 2000 e-contents have been uploaded to the university website, says vice chancellor Prof Rajendra Prasad and fresh uploads are being made for the benefit of students. The good thing, according to the VC was that students of other universities too can benefit from the study material available on the MU website. The colleges too have been directed to provide links of their online teaching programmes on their respective websites. “Conceding that online teaching cannot be a substitute to classroom interactions,” the VC said that the university has to adapt itself to the post-covid realities. E-learning was here to stay post Covid as well in the form of supplement to class room teaching, said Prof Rajendra Prasad. Whereas the performance of PG departments and constituent colleges have been satisfactory in the field of online teaching, the same cannot be said about the

IIT Roorkee professor develops software to detect COVID19 in 5 second..

A professor at IIT-Roorkee has developed a software, which he claimed, can detect COVID-19 within five seconds. Kamal Jain IIT Roorkee’s Civil Engineering Department claimed that he took 40 days to develop the software, which will not only reduce time, but also testing costs drastically. At present, it takes about 24 to 48 hours to get COVID19 test results, and costs around Rs 4,500. The IIT professor also claimed that the new software will also reduce the risk of exposure to healthcare professionals. However, there has been no verification of his claim by any medical institution, including the Indian Council of Medical Research (ICMR). But, Kamal Jain is confident about his software, and has already filed a patent for the technique, and has also approached the ICMR for a endorsement. He claimed to have developed an AI-based database, which can analyze more than 60,000 X-ray scans, including those of COVID19, pneumonia and TB patients in about five seconds. In the pro