Bigbasket goes omnichannel, opens supermart in Hyderabad | Technoscoob

Unfold throughout 5,000 sq ft, the net grocery retailer’s first retailer can have automated self-checkout

Bigbasket goes omnichannel
Supply: LinkedIn

By Anagha R Ratna

Bengaluru: Bigbasket, a web based grocery grocery store chain, has launched its first full-fledged grocery store in Hyderabad. This massive format brick-and-mortar retailer is unfold throughout 5000 sq ft and shares about 4,000 SKUs of fruits and vegetable merchandise in addition to dry groceries.

“This isn’t a traditional grocery store as there might be no tellers to do the billing, expertise will allow self-billing by clients,” mentioned V S Sudhakar, one of many co-founders of Bigbasket whereas inaugurating the shop. He additional spoke in regards to the plan to open extra such company-owned and operated retailers in Hyderabad, Kolkata, and Bengaluru.

With the launch of Hyderabad large-scale retailer, the corporate intends to cowl the highest 10 cities throughout the nation and plans to launch round 400 supermarkets to increase companies to clients who’re extra comfy buying in a bodily mode.

The multi-brand shopper items retailer first tried out its self-service retailer idea in Bengaluru in 2021 at various small retailers. Bigbasket is now current in over 40 Indian cities and plans to subsequently open shops in different metro places.

Headquartered in Bengaluru, Bigbasket was based in 2011 by Hari Menon, VS Sudhakar, V S Ramesh, Vipul Parekh, and Abhinay Choudari. The retailer’s B2B arm earned a complete income of INR 1,759.5 Cr in FY22 as towards INR 1,240.4 within the prior fiscal 12 months.

In Might 2021, Tata Digital, which is a 100% subsidiary of Tata Sons acquired a 64% stake in Grocery store Grocery Provides, the mother or father firm that owns BigBasket. Learn extra about it right here. Bigbasket is now run by Progressive Retail Ideas, a subsidiary of Grocery store Grocery Provides.

In April 2022, Progressive Retail Ideas acquired a capital infusion of Rs 1,000 crore from its holding firm as per regulatory filings.

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