No, BigBasket is not a Chinese company. It is an Indian online grocery delivery service, established in 2011. BigBasket has become a household name in India, known for delivering fresh groceries, household essentials, and a wide variety of other products directly to customers’ doorsteps. The company offers a convenient shopping experience, with a vast selection of items ranging from fruits and vegetables to personal care products.
BigBasket Company Information:
| Aspect | Details |
|---|---|
| Founded | 2011 |
| Headquarters | Bengaluru, Karnataka, India |
| Founders | Hari Menon, V.S. Sudhakar, Vipul Parekh, Abhinay Choudhari, Ramesh Mangaleshwaran |
| Parent Company | Tata Digital (acquired a majority stake in 2021) |
| CEO | Hari Menon |
| Primary Offerings | Groceries, Household Essentials, Personal Care |
| Market Reach | Pan-India |
| Popular Brands | Fresho, Royal, Tasties, BB Home |
BigBasket Company History and Current Market Status
BigBasket was founded in 2011 by Hari Menon and his team, aiming to revolutionize the way Indians purchase groceries. The company quickly gained popularity by offering a wide range of products, competitive pricing, and timely delivery, catering to the needs of urban consumers who preferred the convenience of online shopping.
In 2021, Tata Digital, a subsidiary of Tata Sons, acquired a majority stake in BigBasket, marking a significant milestone in the company’s journey. This acquisition helped BigBasket expand its operations and strengthen its position in the highly competitive online grocery market. Tata’s involvement brought additional resources and expertise, enabling BigBasket to further enhance its services and reach more customers across India.
In 2024, BigBasket continues to be a dominant player in the Indian online grocery market. The company has leveraged its strong supply chain and technology-driven solutions to offer a seamless shopping experience. With an increasing number of consumers preferring to shop for groceries online, BigBasket has expanded its presence to smaller cities and towns, making quality products accessible to a broader audience.
BigBasket’s private labels, such as Fresho and Royal, have also gained significant traction, offering customers high-quality products at affordable prices. The company has introduced new features like express delivery and subscription services to cater to the evolving needs of its customers.
In summary, BigBasket remains a proud Indian company with deep roots in the country’s e-commerce ecosystem. Its successful journey and continuous growth demonstrate its commitment to serving the Indian market with quality and convenience.