Last updated : January 23, 2019 7:42 pm
It is the only Indian company to make it to the top 3 at the summit that celebrated the best of e-commerce across Europe and other emerging markets
Speaking about the award, Vipul Parekh, Co-Founder, Chief Finance Officer & Chief Marketing Officer, bigbasket said, "It is truly an honor and an achievement for the company to be recognized for its work on a global level. We are proud to represent India in the international market and this award is an impetus to the work that bigbasket has been doing and will do in the years to come. We thank our 5 million customers for placing their trust in our service. This is definitely a key milestone for us and we hope it will serve as a catalyst for many more opportunities and success for the company."
For the debut of the Global E-commerce Award, Sïmon Saneback, Founding Partner of Wellstreet and jury chair said, "We wanted to celebrate unique e-commerce experiences seen globally that push the boundaries of how brands and retailers engage consumers. That's why you see the cross section of geographies, verticals and sizes represented by the 3 finalists for this year's awards."
With a few hundred daily orders, bigbasket had a modest beginning. In five years, with the support of its customers, it has surpassed the 50,000 daily orders mark to become India's largest online supermarket. The Bangalore-based company recently crossed the 5 million customers mark. bigbasket has also recently strengthened its B2B business by expanding to the HoReCa (Hotels, Restaurants, and Caterers) segment and partnering with SnapBizz, a retail-technology firm, in an effort to transform India's kirana stores into technology-enabled modern retail stores.Five years into the business, bigbasket's average monthly customer spend has grown from Rs 500 - 800 in December 2011 to Rs. 2000+. In the past year alone the company has seen over a 300% growth and continues to grow by 10% on a month-on-month basis.