Bigbasket

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BigBasket
BigBasket
TypePrivate
IndustryRetail
FoundedDecember 2011; 10 years ago (2011-12)
Founders
  • Hari Menon
  • V. S. Sudhakar
  • Vipul Parekh
  • Abhinay Choudhari
  • V. S. Ramesh
HeadquartersFairway Business Park, Embassy Golf Link, Challaghatta,
Bengaluru, Karnataka
,
India[1]
Area served
India
ServicesGrocery Delivery
Owners (68%)
Websitewww.bigbasket.com
Footnotes / references
[2][3]

Supermarket Grocery Supplies Pvt. Ltd., trading as BigBasket,[4] is an Indian online grocery delivery service.[5] The company primarily delivers grocery goods found in convenience stores, home essentials and food supplies to its customers. BigBasket was founded in December 2011 and has its headquarters in Bengaluru, India.[6][7]

History[]

BigBasket was founded by V. S. Sudhakar, Hari Menon, Vipul Parekh, Abhinay Choudhari and V. S. Ramesh in 2011.[8] In 2011, they launched BigBasket online grocery delivery service.[9][10][11]

In March 2019, BigBasket raised US$150 million in investment from Mirae Asset, Alibaba Group and CDC Group giving the company a valuation of over US$1 billion.[12]

In March 2020, they acquired micro-delivery firm, DailyNinja.[13][14]

In February 2021, the Tata Group acquired a 64.3% stake in BigBasket for around ₹9,500 crore (US$1.3 billion).[15]

Controversy[]

In October 2020, BigBasket faced a data breach that affected the data of over 2 crore customers which includes email IDs, full names, IP addresses.[16] Later, as per Cybersecurity firm the database was on sale on the dark web.[17][18]

References[]

  1. ^ "contact". www.bigbasket.com. Retrieved 8 April 2021.
  2. ^ "Terms and Conditions". bigbasket.com. Retrieved 8 July 2020.
  3. ^ Saritha Rai. "How Bigbasketfounders, a squad of dotcom survivors, are battling Jeff Bezos in India". Livemint. Retrieved 8 July 2020.
  4. ^ "Tata to buy BigBasket in over $1 billion deal". Hindustan Times. 13 March 2021. Retrieved 8 April 2021.
  5. ^ Kar, Sanghamitra; Shrivastava, Aditi (2020-06-02). "BigBasket, Grofers, other e-grocery firms see rise in non-metro users". The Economic Times. Retrieved 2020-06-02.
  6. ^ Bureau, Our (21 April 2020). "Covid-19 lockdown: Bigbasket starts to raise funds TATA GROUP ACQUIREDBIG BASKET FOR USD 1 BILLION". @businessline. Hindubusiness.
  7. ^ Chakravarti, Ankita. "Coronavirus: Flipkart to resume grocery delivery, BigBasket too coming online, 10 key updates about food and online delivery". India Today (march 26 2020). India today.
  8. ^ "Startup story: How a bunch of dotcom bust survivors built BigBasket". Hindustan Times. 2018-03-20. Retrieved 2020-06-02.
  9. ^ Andreasen, Alan R (1995). Strategic Marketing For Nonprofit Organizations, 7e. Pearson. pp. 274, 275. ISBN 978-93-534-3503-5. Retrieved 26 May 2020.
  10. ^ Alawadhi, Neha (2 April 2020). "Covid-19 lockdown: Uber, BigBasket partner for essential service delivery". Business Standard India. Businessstandard.
  11. ^ Peermohamed, Alnoor (2020-05-22). "BigBasket, Grofers, others may clock $3 billion sales". The Economic Times. Retrieved 2020-06-02.
  12. ^ "Tatas set to acquire 68% stake in BigBasket for ₹9,500 crore". The Hindu. Retrieved 3 March 2021.
  13. ^ Shrivastava, Aditi. "BigBasket buys micro delivery startup DailyNinja - ETtech" (24 March 2020). Economic times. Retrieved 5 May 2020.
  14. ^ Bansal, Varsha (19 October 2018). "BigBasket completes three acquisitions". The Economic Times. Retrieved 5 May 2020.
  15. ^ "Tata group to take $1.3 billion stake in BigBasket: Report". mint. 16 February 2021. Retrieved 3 March 2021.
  16. ^ "TOP 8 DATA BREACHES that happened during COVID pandemic - FULL LIST". Zee Business. 2020-12-17. Retrieved 2021-01-11.
  17. ^ Quint, The (2020-11-09). "FAQ: As A BigBasket User What Should You Do After the Data Breach?". TheQuint. Retrieved 2021-01-11.
  18. ^ "BigBasket's 20 Million Customers Data Leaked Controversy!". Gadgets Techly360. Retrieved 2021-04-27.
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