The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
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Geopolitical tensions between India and China blocked Alibaba from funding BigBasket further
“So we had the first strategic that came in two years before in the form of Alibaba. Unfortunately, because of the, all the issues that were there with China and stuff like that, they couldn't make further investments.”
Ahluwalia: Tata acquired 60%+ of BigBasket for $1B+ and revalued at $3B
“For example, with big basket, right? They bought 60% plus stake for one billion plus, and now they valued the company again in a refinancing at three billion.”
Menon: BigBasket raised the largest Series A round in India at the time
“Because I think we raised our, it was the largest series A at that point in time.”
Krishnan: E-Grocery Adoption in India Is Single-Digit Percentage
“Even today, e-commerce or big basket, whatever you call it, it's a single digit percentage adoption of e-grocery in India.”
Ganesh: Tata owns 66% of BigBasket with 33% held by founders and investors
“Tata's now own 66% balance. 33% is held by us, by founders and by as I send capital a bit and much later stage investors.”
Siddhartha: India has over two million gig delivery workers across major platforms
“There are currently more than two million delivery boys in India across platforms like Swiggy, Zomato, Blinkit. Zepto. Big basket. 20 lakh delivery boys or girls.”
Sudhakar: BigBasket's team size is around 30,000 to 35,000 employees
“More now, now it's closer to about 30, 35,000.”
Sudhakar: BigBasket's Corporate Office Was Just 2,000 Sq Ft Until 2017
“And I remember in, in our old office, we used to, for a long time, our corporate office was one on which is one floor of 2000 square feet. Okay. Till about, what, 2017 in, by which time we had become reasonably big.”
Menon: Ascent Capital was BigBasket's first investor with a $10M check
“Ascent Capital was the first investor who came in with a serious ten million cheque.”
Aggarwal: BigBasket serves kiranas and restaurants using the same supply chain
“For example, Big Basket, ah, works a lot in serving Kiranas, ah, and restaurants, and it gives them economies of, ah, scale. So same supply chain, but delivering to multiple customer segments.”
Ahluwalia: Tata Group typically buys 60-70% of acquisition targets, retaining founders
“For example, the Tata Group acquired, the Tata consumer acquired One MG, which is a digital pharmacy business, and they never do a hundred percent acquisition. They do 60, 70% acquisition. And let the 30% remain with the founders so that the founders can see t…”