Is selling on BigBasket profitable?

BigBasket’s expenses rose from Rs 3,365 crore in FY19 to Rs 4,411 crore in FY20. Online grocer BigBasket, which is currently in the final stages of closing a deal to sell majority stake to the Tata Group, has reported a 36\% growth in revenue to Rs 3,818 crore for the year ended March 31, 2020.

How much does BigBasket earn?

BigBasket spent Rs 3,376 Cr to earn operating revenues of Rs 2,754 Cr in FY19. Online grocery start-up BigBasket witnessed a surge in its revenues as it burnt high amounts of cash during FY19 to maintain growth in a segment that is being eyed by several e-commerce players.

How much is BigBasket worth?

Bigbasket has a valuation of 1.8 Billion dollars. It has reached unicorn status.

How does BigBasket make profit?

Big Basket eliminates the role of go-betweens in the consumer-supplier chain. It saves a lot from the money of the customers. The products manufactured by some of the best brands can be bought just within a few clicks. It has worked in favor of the working people who find hardly any time to go grocery shopping.

Is BigBasket worth?

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

Who is investing in BigBasket?

The Tata group has completed the purchase of a majority stake in online grocer BigBasket that would pitch the conglomerate against established heavyweights such as Amazon, Reliance Industries Ltd (RIL), and Walmart Inc. -owned Flipkart in India’s booming e-commerce market.

How does Zomato earn?

Food Delivery While users pay a delivery fee, Zomato earns a commission for every delivery from restaurants which is subsequently divided between the supplier and the business. Restaurant commissions differ depending on whether Zomato delivers or if the restaurant uses its own drivers.

What is BigBasket business model?

Big Basket follows different revenue models. Big Basket procure groceries from farm and other producers and store them in the inventory. They sell the items through their online portal with a margin and provide home delivery as a value-added service.

What kind of business is BigBasket?

Supermarket Grocery Supplies Pvt. Ltd., trading as BigBasket, is an Indian online grocery delivery service. 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.

Is it profitable to invest in bigbasket?

Yes it is profitable and that’s the reason it is still surviving in the market and still, investors believe in BigBasket.com for investing such a huge amount when giants like Amazon and Flipkart are entering the online grocery market.

How bigbasket double its business from pre-covid levels?

BigBasket’s operations were disrupted due to the nationwide lockdown imposed in March last year, but it also helped the company double its business from pre-COVID levels. Online grocery delivery company BigBasket has reported a 36 per cent year-on-year (YoY) increase in its revenue at Rs 3,818 for the financial year ended March 31, 2020.

Why start a grocery business like bigbasket in India?

The developing digital economy of India surpasses the habit of visiting the offline store. With the emergence of technology, companies can easily bag huge investors’ money due to the tremendous growth in the online grocery business. Its groundbreaking growth triggered almost entrepreneur to start a grocery business like bigbasket.

How bigbasket lost Rs 710 Crore in 2019-20?

BigBasket’s losses also zoomed 26 per cent to Rs 710 crore during financial year 2019-20. BigBasket’s operations were disrupted due to the nationwide lockdown imposed in March last year, but it also helped the company double its business from pre-COVID levels.