That's because, according to KSA Technopak, e-commerce firms sell gross merchandise value of only $2.5 billion. That's minuscule in the $550-billion annual sales of food and groceries in 2019-20.
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The traditional trade channel that serves over 1.3 billion people, compared to some 120 million by e-commerce, has fared significantly better when it comes to availability of essential goods
DailyNinja currently caters to around 110,000 customers transacting daily and will augment the company's essentials-focused delivery service BBDaily's extensive non-milk range.
HARI MENON, co-founder and CEO of BigBasket, tells Bibhu Ranjan Mishra how the Bengaluru-based unicorn is managing such a huge demand
Menon and his four other co-founders are quite clear that the space where they operate in itself is so vast that they have hardly been able to scratch the surface
Firms like Flipkart, Amazon, Bigbasket witness 30% spike in orders as COVID-19 spreads
Bigbasket expects to close the current financial year (FY20) with a top line of Rs 5,000 crore. In FY22, it hopes to hit the billion-dollar mark with revenue of Rs 7,000 crore
Listen to the podcast to know how Reliance is all set to take on Amazon and Flipkart with its online food and grocery selling venture, JioMart
The decade has seen an impressive 25x growth in terms of the total funding raised by the startups.
The company had posted a loss of Rs 179.23 crore in 2017-18 financial year, documents filed with the Corporate Affairs Ministry and sourced by business intelligence platform Tofler showed.
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Online grocer may close FY20 with Rs 5,300 cr in sales, says CEO Hari Menon
Two books - one an insider account, the other a journalist's narrative - capture the journey of Flipkart and BigBasket, the first-movers in India's e-commerce story
Bigbasket, which competes with Walmart Inc-owned Flipkart and Amazon.com Inc, will use the fresh funds to set up warehouses and boost its cold chain
Deal marks Mirae's largest investment in internet sector; Alibaba continues to support firm in new round of financing
Another area where the company is investing is in towards setting up unmanned vending machines - BB Instant - in office and apartment complexes
Bigbasket has just sealed a Series F round at an estimated valuation of around $2.3 billion
The Bengaluru-headquartered firm on Sunday unveiled new gluten-free and healthy products under 'bb GoodDiet' range at the Organics & Millets 2019 International Trade Fair here
The company aims to clock Rs 35 billion in sales this fiscal year