Bigbasket preparaing to launch 10-minute food delivery across India, will give competition to blinkit, swiggy

BIGBASKET, one of the big quick commerce companies, plans to start food delivery in 10 minutes across the country by the end of this financial year. Bigbasket with Tata Group’s investment will compete with Bistro, Swiggy’s SNACC and ZEPTO’s CAFE.

Competition is increasing rapidly in the country’s Quick-commerce segment of about 7.1 billion dollars (about 60,722 crore) in the country. Bigbasket The co-founder, Vipul Parekh, told Reuters that his target is to pull customers of existing food delivery companies like Swiggy and Zomato. Along with this, Bigbasket will also bring new pools of customers.

In services like Swiggy’s SNACC and Zepto’s cafe, ready-to-eat snacks and coffee are transported to customers within 15 minutes. Parikh said that Bigbasket plans to use dark stores for this service. This will increase the company’s presence in the market of Quick-commerce. Dark stores have a small warehouse in over -numbers of people. It usually deliver grocery or food delivery partners, which usually consists of two-wheeler riders. Bigbasket started online delivery of grocery a few years ago. Its dark stores are around 700. The company plans to increase it to 1,000-1,200 stores by the end of the current year. Parikh misunderstood these media reports that the company is looking for external investors to raise funds. He has confirmed the Bigbasket’s plan to bring an Initial Public Offer (IPO) within 18-24 months. Parikh said that due to being part of the Tata Group, the company has enough capital available.

Bigbasket started the trial of this service in Bengaluru about a month ago. Parikh said that the food delivery service will be extended to 40 dark stores by the end of July. 5–10 percent of Bigbasket customers are combining quick-food items with their normal orders. This number is expected to increase. The company’s menu will include the food items of Starbucks and Indian Hotels Food Unit Qmin’s food items. These two companies of Tata Group are part in the country.

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