BANGALORE, June 15, 2017 /PRNewswire/ --
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
bigbasket, India's largest online supermarket with a presence in over 25 Indian cities, has added another feather to its cap. It has bagged the 2nd place at the Global E-commerce Award ceremony that was hosted by Ecommerce Europe in Barcelona.
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The event celebrated the best of the e-commerce industry from across Europe and other emerging markets. Swedish brands Chiquelle and Ikea bagged the gold and bronze awards respectively. Chabla emerged as the winner in the entrepreneurial category.
The nominees were put through the paces as they competed for the Global E-commerce Award titles. The pitch by bigbasket captured 28% of the audience votes and bagged the silver award. Chiquelle garnered 52% and Ikea got 20% of the audience votes. For judging the Global E-commerce Awards, jurors used findings from BCG's Omni-channel Shop Experience Audits as a point of departure for deliberation. In fact, bigbasket was the only Indian company to feature in the top 3.
Speaking about the award, Mr 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.
About Global E-Commerce Summit:
The European E-commerce Awards ceremony took place during The Global E-commerce Summit at the Fairmont Rey Juan Carlos I in Barcelona, Spain on Tuesday, 13 June 2017. The Global E-commerce Summit is the annual global event where established brands and retailers, entrepreneurs, ecommerce experts from emerging markets and award-winning e-commerce players of the world gather! The summit in 2017 was the 9th edition.
About bigbasket:
bigbasket was founded in December 2011 in Bangalore by a team of five - V S Sudhakar, Hari Menon, Vipul Parekh, V S Ramesh and Abhinay Choudhari. The team has both offline and online retail experience, as they had earlier set up India's first e-commerce site FabMart.com in 1999, and then established the Fabmall-Trinethra chain of more than 200 grocery supermarket stores in southern India. Servicing over 4mn registered customers; bigbasket has grown into India's largest online supermarket with over 20,000 products from over 1000 brands and presence in 25 cities across the country including Bangalore, Hyderabad, Mumbai, Pune, Chennai& Delhi-NCR. bigbasket's online store offers a variety of products across various categories: Fresh Fruits & Vegetables, Grocery & Staples, Beverages, Bread, Dairy & Egg products, Branded Foods, Meat, Personal Care and Household products. bigbasket is committed to making life simpler and grocery shopping a breeze!
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