Tag: big basket

  • List of Brands Endorsed By Shah Rukh Khan | SRK’s Brand Ambassador List

    Brand ambassadors have become an important part, and more truly, an inseparable part of marketing and advertising for a majority of the companies in the country today. An actor/celebrity who is not only known as the Badshah of Bollywood but also stands among the most in-demand celebrities in the advertising world is Shah Rukh Khan.

    The charismatic actor is fondly known as the king of Bollywood, a name he earned as the leading face of countless romantic movies that he acted in over a period of nearly 3 decades. Along with being impressive in his films, Shah Rukh Khan has always been a friendly and philanthropic personality even outside the B-town, who has won millions of hearts throughout the years. All of these characteristics also made him the advertisers’ favorite starting from the 90s.

    Shah Rukh Khan is one of the biggest Bollywood actors, film producers, and television personalities. The actor has worked in more than 80 movies and has won numerous awards and accolades such as the Filmfare, Padma Shri by the Indian Government, Officier dans l’Ordre des Arts et des Lettres, and the Knight of the Legion of Honour by the government of France. The actor has fans not only in India but all across the world, making him one of the highest-paid actors in 2021.

    The actor is known for his movies such as Baazigar, Kuch Kuch Hota Hai, Dil To Pagal Hain, Swades, Devdas, Kabhi Khushi Kabhi Gham, My Name Is Khan, and Chak De! India, to name some. Despite his acting career, the actor is also the co-chairman of the motion picture production company known as Red Chillies Entertainment and its subsidiaries. Furthermore, he is also distinguished as the co-owner of the Kolkata Knight Riders – a cricket team in the Indian Premier League.

    The media has named him the “Brand SRK” because of all the endorsements and entrepreneurship ventures to the actor’s name. Shah Rukh Khan is one of the richest Indian actors with a net worth of $750 million and a brand value of $51.1 million in 2021. The iconic actor charges over Rs 3.4 to 4 crore per day for an ad shoot and has so far endorsed around 40 brands.

    Here is a List of Brands endorsed by Shah Rukh Khan:

    1. Byju’s
    2. Dubai Tourism
    3. BigBasket
    4. Hyundai
    5. Frooti
    6. D’decor
    7. Fair and Handsome
    8. FoodPanda
    9. Reliance Jio
    10. ICICI Bank
    11. Denver
    12. Kent
    13. Dish TV

    Byju’s

    BYJU’ S AD – Shah Rukh Khan Brand Endorsements

    Byju’s is an Indian multinational Ed-tech company that is headquartered in Bengaluru, Karnataka. The company was founded by Byju Raveendran and Divya Gokulnath in 2011. Byju is currently a market leader and one of the most valuable Edtech companies in the world.

    By 2018, Byju’s had over 15 million users and 900,000 paid users. Shah Rukh Khan became the brand ambassador for Byjus in 2017. In a recent campaign put out by the company, Shah Rukh Khan is seen playing the role of a talk show host for children known as Ghar Ghar Ki Kahaani, where he conducts a topical debate on whether children should learn from home.

    The children then break the age-old learning stereotypes and talk about the power and impact of tech-enabled learning platforms.

    However, after the arrest of his son Aryan, Shah Rukh’s ads have currently been halted by the Edtech giant. The Byju’s advertisements are reportedly one of the biggest deals for the actor that used to help him earn around Rs 3-4 crores as annual fees. The actor’s ads have been taken down from all the platforms soon after Byju’s started facing an enormous amount of backlash over Facebook, Twitter, and other popular social media platforms.


    List of Brands Endorsed by Virat Kohli
    The Indian cricket team captain Virat Kohli is one of the most sought-aftercricketers in terms of brand endorsements. He has been part of a lot ofadvertisements and is the only cricketer to be part of the top 100 highest-paidathletes according to Forbes magazine 2020. Let’s look at the brand whic…


    Dubai Tourism

    Dubai Tourism AD – Shah Rukh Khan Brand Endorsements

    Dubai Tourism made Shah Rukh Khan its brand ambassador in 2016. SRK has done multiple short films in Dubai since then, where the actor can be seen unraveling the secrets of Dubai, offering his fans to see the city through Shah Rukh Khan’s eyes.

    The commercials aim to appeal to SRK’s fans across the world, giving them the opportunity to explore the city and its many offerings. The actor has signed up for a year-long campaign of multiple Dubai Tourism projects in collaboration with Bollywood.

    Their major objective through the campaign is to strengthen and celebrate the bond and cultural links between Dubai and the subcontinent. This also portrays the importance of India as a key source market for inbound tourism to the emirate.

    BigBasket

    BigBasket AD – Shah Rukh Khan Brand Endorsements

    BigBasket is an Indian online grocery delivery service that was founded by Sudhakar, Hari Menon, Vipul Parekh, Abhinay Choudhari, and Ramesh in 2011 and has its headquarters in Bengaluru, Karnataka. The company delivers grocery goods found in convenience stores, home essentials, and a huge variety of food supplies to its customers.

    So far, the company offers over 18,000 products and boasts more than 100 brands in its catalog so that the customers can find whatever they want. Big Basket made SRK its brand ambassador in 2015 and the actor has since then appeared in many of its television commercials.

    In an interview, Vipul Parekh the co-founder of Big Basket said that they selected SRK because of his universal appeal which cuts across different ages, gender, and geography. Parekh also said that SRK has the ability to get into the skin of the character and embody it with a lot of believability. The company has done many campaigns with an actor that covers all channels such as print, TV, outdoor, and radio.

    Hyundai

    Hyundai AD – Shah Rukh Khan Brand Endorsements

    Hyundai is a South Korean multinational automotive company that was founded in 1967 and has its headquarters based in Seoul. The Hyundai Motor Group currently owns 33.88% of KIA Corporation and fully owns two car subsidiaries, which are Genesis Motor and Loniq.

    The company also owns the world’s largest automobile manufacturing factory with a capacity of 1.6 million units in Ulsan. The company has 75,000 employees worldwide and has so far sold over in 193 countries through 5,000 dealerships and showrooms. Shah Rukh Khan has been associated with the company for more than 20 years as its brand ambassador.

    According to a company statement, YK Koo the MD and CEO of Hyundai Motor India Ltd said that SRK is one of the first Hyundai Family members and has played a key role in the success of Santro since the company’s inception in India. The company’s association with SRK has enhanced and propagated its brand values.


    List of all the Brands Endorsed By Salman Khan
    Many brands are appointing popular Bollywood celebrities in order to promote aparticular product, event or even a mission and though. Brand ambassadors areresponsible for putting forth the message of the brand and making it popularamong the masses. In India it is very common for big brands to s…


    Frooti

    Frooti AD – Shah Rukh Khan Brand Endorsements

    Frooti is a mango-flavored drink that is sold in the country. It is a flagship product and is also considered to be the most successful drink from the house of Parle Agro. The drink was first launched in 1985 in the packaging of Tetra Pak.

    Frooti is also a popular drink in the countries of the United States, Canada, the United Kingdom, the United Arab Emirates, Saudi Arabia, Malaysia, Maldives, Singapore, Thailand, New Zealand, Australia, Mozambique, Ghana, Malawi, Zambia, Nigeria, Tanzania, Japan, and Ireland. Shah Rukh Khan became the company’s brand ambassador in 2013 and has done multiple TV campaigns to promote it.

    One of the most popular frooti ads features SRK with a bunch of children. In an interview, SRK revealed that he is delighted to be the face of Frooti, the mango drink that the entire nation has always been fond of. He also added that no other brand conjures up so much joy, desire, and magic around it as Frooti does.‌

    D’decor

    D’Decor AD – Shah Rukh Khan Brand Endorsements

    D’décor is one of the most well-known manufacturers and exporters of curtain and upholstery fabrics. Their products are said to be designed in-house and are used by many interior designers and furniture makers across the US and other European countries.

    D’décor exports home fabrics to more than 15 countries such as the US, Belgium, the UK, and the Middle East. The company’s clients are usually international brands across the globe in the home space. D’décor launched its first-ever ad campaign in India featuring not only SRK but also his wife Gauri Khan in order to sell directly to consumers in India.

    Ajay Arora, the managing director of  D’décor in an interview disclosed that the brand chose the couple because, they perceived a match between SRK’s qualities and what the brand stands for, such as leadership, innovation, and ethics.

    He also added that SRK and Gauri Khan, together, are an ideal image of homemakers and imply family. Having the power couple endorse the brand will help strike a chord with Indian families.


    List of Brands Endorsed By Akshay Kumar
    In the recent years many companies are willing to pay crores in order to get aright celebrity to endorse the company products and services. One of the topactors in India, that is currently in demand for endorsements is Akshay Kumar. This is because the actor is known for his persona of being dow…


    Fair and Handsome

    Fair and Handsome AD – Shah Rukh Khan Brand Endorsements

    Fair and Handsome is a men’s fairness product created by the Emami Group. The company got into the fairness category for men in 2005, which made it the first FMCG Company in India with products for men at that time. Currently, the company is the largest brand in the category of men’s fairness in India.

    Fair and handsome was launched on the basis of research that found that the texture of a man’s skin is different from that of a woman and needs a product designed exclusively for them. The actor has become the company’s brand ambassador and appeared in numerous television commercials over the years.

    Shah Rukh Khan also endorses other brands of Emami such as Himani Navratna Oil and Himani Sona Chandi Chyawanprash. He has also been in controversy for endorsing fairness creams like Fair and Handsome.‌

    FoodPanda

    FoodPanda AD – Shah Rukh Khan Brand Endorsements

    Foodpanda is an online food and grocery delivery platform brand owned by Delivery Hero since 2016 and has its headquarters in Berlin, Germany. The company currently operates 20 brands in more than 50 countries across four continents.

    The company was launched in 2012 in India and claimed to have over 12,000 restaurant partners across 100 cities in the country. In India, Foodpanda used to compete with companies like Swiggy and Zomato in the food delivery market before it was acquired by OLA for an all-share deal on December 11, 2017. The star became its brand ambassador in 2017. One of the commercials featuring SRK showcases the various offerings of the company, including early morning and late-night delivery, express guarantee, and the best offers on restaurants.

    The campaign was first released on television followed by successive releases in other forms of media like in print, radio, and in the traditional form. SRK helped the company reach the masses and gave it a platform immense reach.


    List of Brands Endorsed by Anushka Sharma
    Anushka Sharma is a Bollywood actress and wife of the Indian cricket teamcaptain Virat Kohli. She is widely known for her diverse roles in the Bollywoodindustry. She has earned a lot of love and respect in the Industry. She has donea lot of TV commercials and endorsed a lot of brands. so, Here’s …


    Reliance Jio

    Reliance Jio AD – Shah Rukh Khan Brand Endorsements

    Reliance Jio is one of the biggest telecommunications companies in India that has its headquarters in Mumbai, Maharashtra. The company operates a national LTE network with coverage across 22 telecom circles and offers only 4G networks.

    Jio is known to be the largest mobile network operator in the country, along with being the second-largest mobile network operator in the world as it has over 431.23 million subscribers, as of July 2021. As of 2020, Reliance Industries has raised $23 billion by selling over a 33% equity stake in Jio Platforms.

    Shah Rukh Khan became the company brand ambassador in 2015 and has promoted the brand on different platforms.

    In an interview, Khan said, “We have only seen the tip of the iceberg. It will lead to a lot of innovations. This will increase speed, information, and knowledge. It will be used at various places, I think, from education to production to manufacturing. I am talking very futuristic.”

    ICICI Bank

    ICICI Bank AD – Shah Rukh Khan Brand Endorsements

    ICICI Bank is one of the most well-known privately owned Indian development finance institutions with offices in Vadodara and Mumbai. It is considered to be one of the Big Four banks of India. The company offers a variety of banking products and financial services for corporate clients and retail customers through different delivery channels.

    It is a leader in providing services in the areas of investment banking, life insurance, venture capital, and asset management. The bank has a network of over 5,275 branches and 15,589+ ATMs across India and has a presence in 17 other countries such as the UK, Canada, USA, Singapore, Bahrain, Hong Kong, Qatar, Oman, Dubai, China, South Africa, UAE, Bangladesh, Malaysia, and Indonesia, etc.

    Shah Rukh Khan has been previously announced as the global ambassador of the ICICI Bank and had appeared in many of its ads after the brand took a break from Amitabh Bachchan in August 2019. Soon after, KV Kamath, the MD, and CEO of ICICI Bank said, “We are proud to have Shah Rukh Khan as our global brand ambassador. Having established our leadership in the retail business over the last five years, the bank is now poised to scale new heights in the global arena.”

    Denver

    Denver is one of the leading brands in the cosmetic/grooming industry that produces some outstandingly popular deodorants for men. Cradled under the manufacturing hub, Vanesa Care, Denver roped in Shah Rukh Khan on August 22, 2017, and the actor had since been seen in numerous marketing and promotional campaigns as the face of the brand.

    Kent

    Headquartered in Noida, UP, Kent is a prominent healthcare product manufacturing multinational company in India that manufactures modern kitchen appliances, disinfectants, air and water purifiers, vacuum cleaners, and more. Kent RO Systems is popular for its water purifiers, which used the process of purification by reverse osmosis. Shah Rukh Khan had been appointed as the brand ambassador of Kent in February 2019 for its upcoming automotive security products range.

    Dish TV

    Owned and operated by ZEE Group, Dish TV was founded in 2004 as an Indian direct broadcast satellite service provider. Dish TV is a household name for the services it has provided. A part of its credit also goes to the unique advertisement campaigns launched by the company featuring Shah Rukh Khan. #WishKaroDishKaro, voiced by Khan, still strikes a chord among the millennials. The actor, who had already represented the brand for more than 8 years back in 2016, extended his collaboration for 2 more years in the month of March of the same year.

    Conclusion

    Over the years, SRK has worked with various brands ranging from Pepsi to pan masala. Furthermore, he has also been a prominent face for many brands, including various resorts, sports leagues, both Indian and foreign states, cities, and more, which helped him gain a prime spot among the most in-demand celebrities for endorsements in India.

    According to the TAM report, SRK adds over 3% share of volume on TV with an average visibility of 4 hours per day across all Television channels. This shows that the Badshah of Bollywood is here to stay in the endorsement world for a very long time.

    In recent years, the actor’s brand value has been significantly going down. This has received yet another push with the recent arrest of his son. Following this incident, many advertisers, big companies, and popular institutions have either pulled the plug on Khan’s advertisements or put a halt to any new plans of ads/collaboration of the actor.

    Shah Rukh Khan is known for his strong, dynamic personality, leadership qualities, determination, empathy, power, and most importantly, his modest journey toward becoming the biggest star in the Bollywood Industry. However, it is clear that times are rough for Shah Rukh now and the emergence of a silver lining is not yet in sight still.

    FAQs

    Who is Shah Rukh Khan?

    Shah Rukh Khan is one of the biggest Bollywood actors who has acted in more than 8o movies.

    What is the brand value of Shah Rukh Khan?

    The brand value of Shah Rukh Khan is estimated to be $51.1 million as of 2021.

    What are the main brands endorsed by Shah Rukh Khan?

    The main brands endorsed by Shah Rukh Khan are Dubai Tourism, Reliance Jio, Foodpanda, ICICI Bank, Fair and Handsome, D’décor, Frooti, Hyundai, Big Basket, and Byjus.

    What are the other brands endorsed by Shah Rukh Khan?

    The other brands endorsed by Shah Rukh Khan are Pepsi, Whirlpool, Nokia, Tag Heuer, Dish TV, LUX, Denver, Airtel, Royal Stag, Sunfeast, Pan Vilas, Nokia, Kent, Mitsubishi Air Conditioners, Goibibo, LML, Cinthol, Videocon, PharmEasy, Nerolac, DHFL, Pepsodent, Jet Airways, Gitanjali Jewels, Colgate Palmolive, Signature, Sprite, Tata Tea, Streak, Omega, Hewlett Packard, Hero Punch Power and many more.

    How much does Shah Rukh Khan charge for a brand endorsement?

    Shah Rukh Khan charges over Rs 3.4 to 4 crore per day for an ad shoot.

    What is the net worth of Shah Rukh Khan?

    The net worth of Shah Rukh Khan is estimated to be $750 million in 2021.

  • T N Hari – Story Of An Engineer Turned HR

    The world of the startup has witnessed the rise of many brands that have revolutionized the world. With many big names like Flipkart, Apple, Amazon, and Google shining at the big stage, the startup circuit has also been characterized by the growth of innovative companies. Amongst a few innovative companies, one of the most popular names is the BigBasket. Well, the company is well known for its innovative approach for selling groceries, the team also has a unique HR. Meet Mr. T.N. Hari, the head of HR at Big Basket.

    Read this article to know about the story of T.N. Hari.

    T N Hari – Biography

    Name T.N. Hari
    Citizenship Indian
    Education IIT (undergraduation) and IIM (postgraduation)
    Title Head of HR at Big Basket

    T.N. Hari- Big Basket
    T.N. Hari- Some insights of career
    T.N. Hari- Work
    T.N. Hari- Daksh and later life
    T.N. Hari- as a good leader

    T.N. Hari- Big Basket

    T.N. Hari- Bigbasket
    T.N. Hari- BigBasket

    T.N. Hari is the current head of HR at Big Basket. When it comes to experience, this man has spent long years at Tata Steel, initially as an engineer, and then in HR. Hari is well known as the startup HR guy. Well, we are very sure that you might have not heard about this team before! This experienced campaigner has been through two mergers and acquisitions. According to him, in a startup circuit, jargon doesn’t count in because one has to execute, perform, and make things occur in real-time.

    T.N. Hari- Some insights of career

    Hari has spent over 14 years at Tata Steel. Initially, he worked as an engineer and later on, was moved to the HR department. There, Hari served as the senior HR executive. Apart from being a professional in the business sector, Hari is also a successful author. When we talk about his educational qualification, Hari stands out as a highly educated person.

    He has pursued his engineering from the prestigious Indian Institute of Technology and MBA at the Indian Institute of Management. For him, getting into an IIM was important to get a wider view of how organizations work. This is one of the major reasons why at Tata Steel, Hari worked in various posts starting from procurement to corporate planning to design and also at construction sites. Later on, Hari moved to the HR department.


    BigBasket Success Story – India’s Largest Online Grocer
    Today, BigBasket is the India’s largest online grocer that receives over 100,000orders per day. Online grocery shopping is fast gaining popularity among theIndians. According to a Redseer report, India’s online grocery retail market isall set to touch $10.5 billion by 2023. A company that holds a…


    T.N. Hari- Work

    It all happened during the time of post-liberalization in 2002. The foreign steel producers were dumping steel in India below the brand’s cost prices. Hence, at this time, Tata Steel faced an existential crisis and had to restructure. Therefore, to have control over the situation, Hari was appointed to be a part of the core team that worked with big manes like McKinsey on transforming. It was a challenging task for the team to create strategic business units, evaluate the employee, and sort out the perfect outplacement services for the employees who were sacked due to the exercise. It was very unlikely that Hari would have been a part of HR if he had continued his tenure at Tata Steel. However, the experience of 2002 gave him the required exposure to gain a new skill set.

    Inspiring words by T.N. Hari

    It was very unusual to see a guy coming from the engineering background to end up in the HR environment. Hari was actively involved in shaping the company’s strategy and analytics function. While working at Tata Steel, Hari found the bureaucratic set up at Tata Steel a little out of track. During his tenure, he realized that it was working very slow in terms of decision making and Hari was a rule-breaker with a blend of the entrepreneurial streak.

    Hence, he decided to explore the better parts of the business circuits. Hence, in 2002, he started his love affair with startups. Post Tata Steel, Hari moved to Daksh, and hence, in the process he rediscovered himself. According to Hari,  a good HR professional becomes a good leader when he/she can balance employee advocacy with business realities without hurting any sector.


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    The Coronavirus or COVID-19 which started last year in December in Wuhan, Chinahas impacted the global economy and no industry sector has remained immune toit. All businesses, startups and industries across the globe are coming up withsafety measures to deal with the virus like asking employees t…


    T.N. Hari- Daksh and later life

    At Daksh, Hari discovered the kick in working for high-growth companies. Therefore, at Daksh, Hari was very instrumental in growing the employee strength from 2000 to 25,000. Later on, Daksh was acquired by IBM and hence, Hari got the exposure of managing the workforce during a merger and acquisition. Well, these were the learnings that he implemented in his future, and as a result of which, Hari is a big name in the Indian startup circuit. The new integration at IBM was a new learning experience. But, Hari says that he would not like to get involved in a similar process again in his life. As per Hari, for successful mergers and acquisitions, mutual respect is critical for both companies. There should be transparency amongst the senior management teams as per Hari.

    Bigbasket business model

    According to Hari, any change in reporting relationship from one organization to another can lead to chaos! Therefore, it is important to insulate the reporting relationships except for the top management for a minimum of 12 years. Post Daksh, Hari landed himself at Virtusa. It was a global IT service provider and hence, Hari found the scope to expand his exposure. IT was at Virtusa where he learned that leadership flaws are exposed more quickly in a global context than working in the alone country.

    After his tenure at Virtusa, he moved to Amba Research and then to TaxiforSure. Presently, Hari works at BigBasket. While working for BigBasket, he has said that the biggest challenge has been to create the right culture and also to stand by it. As per Hari, in a high growth startup environment, the people who are delivering terrific business outcomes begin to violate the culture in small ways. Therefore, Hari feels that dealing with blatantly deviant behavior is never difficult, rather, dealing with the subtle violators is the biggest problem faced by the startup companies.

    T.N. Hari- as a good leader

    As per Hari, a good HR professional transforms into a great leader when he/she can balance realities without hurting either of the spheres. As per him, the HR leaders need to stop hiding behind the jargons and they should start to demonstrate a deeper understanding of the interplay between human psychology and business performance.

    Being a person who has faced multiple difficulties in the startup sector, Hari shall be considered as the leader for aspiring entrepreneurs and HR professionals in upcoming times!


    Abhinay Choudhary: Simplified Grocery Shopping Through BigBasket
    The Indian startup ecosystem is well known for its versatility, thereby home tosome of the best companies in the world across industries. Starting from OLA,which ruled the transportation sector, Zomato [/tag/zomato/]which ensures thatyou don’t work with an empty tummy, to OYO [/tag/oyo/], which p…


  • Abhinay Choudhari: Simplified Grocery Shopping Through BigBasket

    The Indian startup ecosystem is well known for its versatility, thereby home to some of the best companies in the world across industries. Starting from OLA, which ruled the transportation sector, Zomato which ensures that you don’t work with an empty tummy, to OYO, which provides affordable hotels for tourists and travelers, there’s no dearth of market leaders. One such unique venture is BigBasket. This startup provides home delivery services for grocery items and is a major name in the circuit.

    The grocery retail market in India is growing at around 20% CAGR. E-grocery accounts for only 0.1% of this share. As per statistical data, the online grocery market is expected to be around $10 billion in the coming time. Thus, bigbasket.com has its hands in a pie with a bright future. Abhinay Choudhari was able to build an empire through bigbasket.com; let’s find out how.

    Bigbasket’s—CoFounder
    Bigbasket’s—Success
    Bigbasket’s—Path To Success
    Bigbasket’s—CoFounder’s Guidance
    FAQ’s
    Conclusion

    Bigbasket’s—CoFounder

    The dot com bubble burst was a deciding factor behind the fortune of many big organizations that are wildly influential today. But, it was far from a smooth journey for these companies. The founders of the big basket, including Abhinay Choudhari, had a similar experience. They decided to use the lessons learned from the dot com bust and create a website that could firmly face obstacles of any kind. The five founders of BigBasket initially created a website named Fabmart.com in 1999. This was supposedly India’s first e-commerce store. However, the team realized that not only India but even the rest of the world wasn’t ready for this kind of online store.

    Within a short period, Fabmart merged with a brick-and-mortar chain and by 2006, the founders of Fabmart sold the company. The turning point for the FabMart founders came in 2011. They wanted to try their hand at something new, an out-of-the-box offering. The result was bigbasket.com.

    Bigbasket’s—Success

    Bigbasket is one of the leading online grocers in India today. The company offers same-day delivery across cities with 99.3% on-time delivery, 99.5% order fill rate, and no questions asked on customer return policy. These parameters have highly contributed to BigBasket’s success. BigBasket has also implemented new options like fresh-cut fruits and vegetables and a range of recipe mixtures. A bakery has been launched in Bangalore that delivers bread on order. The company has both iOS and Android apps to allow customers to order groceries any time, any place. There are unique features like “Smart Basket”, a prediction engine about what a customer needs more often.

    BigBasket Success Story – India’s Largest Online Grocer
    Today, BigBasket is the India’s largest online grocer that receives over 100,000orders per day. Online grocery shopping is fast gaining popularity among theIndians. According to a Redseer report, India’s online grocery retail market isall set to touch $10.5 billion by 2023. A company that holds a…

    Bigbasket’s—Path To Success

    Abhinay received a first-round investment of nearly 10 million USD from Ascent Capital. This funding was used to expand BigBasket’s reach in the market. For many startups in India, the biggest issue is sustaining their business model in this country of diversity and differences. After researching for over nearly 5 years, Abhinay and his team realized the best way to make their presence felt was by providing personalized service to people across Indian cities.

    BigBasket has taken into consideration the eating habits in different Indian locations; this is a major reason behind people being loyal to BigBasket. The company increased the availability of leafy greens in Mumbai and the supply of a special kind of rice in Bangalore. BigBasket ensures no compromise on the quality of its products. To improve customer experience, the BigBasket team ensured near-time-perfect delivery services for their customers.

    Albinder Dhindsa: CEO And Co-Founder Of Grofers
    Albinder Dhindsa is the CEO & Co-Founder of Grofers, an online delivery facilityfor everyday needs such as grocery, bakery items, flowers, fruits, andvegetables. Apart from these, Grofers also provides delivery services for babycare products. Unlike most businessmen/businesswomen, Dhindsa had no …

    Bigbasket’s—CoFounder’s Guidance

    While the company has grown into one of the biggest Indian brands, BigBasket still faces intense competition from local startups like LocalBanya, PepperTap, and Grofers. The company was facing heat from many rivals and hence, it was time for Abhinay to gather his team and plan new strategies for BigBasket. The aim was to race ahead of everyone. BigBasket grew its presence in 25 cities with a combination of 150 million customers and considering the expansion, Abhinay decided it was time to bring in a partner. The team aligned with Alibaba which boosted the company’s image over the next two years.

    JioMart VS BigBasket: Top Contenders Of Online Grocery Market
    In the year 2019, Reliance Industries launched their own online groceriesordering website called JioMart, this was meant to be an alternative for theother grocery websites like BigBasket which is a well-established company in themarket for the last few years. BigBasket has the experience and expe…

    FAQ’s

    Who are the founders of BigBasket?

    • Hari Menon
    • Vipul Parekh
    • VS Sudhakar
    • Abhinay Choudhari
    • VS Ramesh

    Who is Abhinay Choudhari?

    Abhinay Choudhari is the co-founder of the BigBasket. He is an alumnus of IIM-Ahmedabad. He has worked with leading IT companies on consulting engagements with key retail majors like Tesco and LEGO.

    Who is the CEO of BigBasket?

    VS Sudhakar and Hari Menon (2011–Present)

    Is BigBasket making profit?

    BigBasket loss widens 6.7% to INR 611 crore, revenue up 36% in FY20. Supermarket Grocery Supplies, which operates online grocery store BigBasket, reported a consolidated net loss of INR 611 crore in FY20, a 6.7 percent rise as compared to the previous financial year at INR 572 crore.

    Is BigBasket successful?

    Today, BigBasket is India’s largest online grocer that receives over 100,000 orders per day. Online grocery shopping is fast gaining popularity among Indians. According to a Redseer report, India’s online grocery retail market is all set to touch $10.5 billion by 2023.

    Conclusion

    Abhinay is an inspiration for many. In an age were rising from the lowest rung of the ladder is more than just a challenge, he and his team established a company after the dot com bubble burst. BigBasket has grown at such a rate that celebrities like Shahrukh Khan endorse the brand. Under Abinay’s leadership, bigbasket.com plans to not only retain its position as the largest online grocery store in India but also become a major player across the globe.

  • JioMart VS BigBasket: Top Contenders Of Online Grocery Market

    In the year 2019, Reliance Industries launched their own online groceries ordering website called JioMart, this was meant to be an alternative for the other grocery websites like BigBasket which is a well-established company in the market for the last few years. BigBasket has the experience and expertise of almost a decade, while JioMart launched in 2019 is already gaining users rapidly.

    However JioMart has an added advantage which is pricing, JioMart offers a flat 5% minimum discount on MRP on all their products which is pretty similar to DMart’s model, this model helped DMart become an overnight success story in India with their malls being found left, right and center in most Indian cities today. Hence why, Mukesh Ambani’s digital grocery JioMart is scaling at a pace for its competitors to take a very hard look at their ventures.

    JioMart is currently receiving orders at 250,000 per day. At the same time, the old players in the market such as Big Basket is receiving 220,000 per day respectively during the coronavirus induced nationwide lockdown, Bigbasket however has seen per day orders to rise around 190,000 and 300,000 levels respectively. JioMart operates in 200 cities, while Big Basket operates inly in 30 cities.


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    A brief about BigBasket

    Big Basket is one of the largest online grocery super market in India. The company was founded in 2011 by Hari Menon, VS Sudharkar, VS Ramesh, Vipul Parekh and Abhinav Choudari. It is headquartered in Bengaluru and operates in 30 cities in India. Big Basket offers variety of products such as fresh fruits, vegetable, food grains, oil, masala, poultry and meat, packaged snacks, beverages household supplies including healthcare products.

    It has more than 20,000 different from 1000 different brands across its catalog. The valuation of the company is 1.8 billion, reaching the unicorn status. Bigbasket has revenue of around $3.2 million and approximately 4,000 employees. It delivers to various cities in India such as Hyderabad, Mumbai, Pune, Chennai, Delhi, Noida, Mysore, Coimbatore, Vijayawada, Kolkata, Ahmedabad, Lucknow, Kanpur, Gurgaon, Vadodara, Vizag, Surat, Nagpur, Patna, Indore, Chandigarh, etc.

    Big basket was launched at a time when India’s urban workforce in cities was finding it difficult to allocate time to buy groceries and home essentials. Bigbasket gave its customers a flexibility to place their order anytime and get the things delivered at their preferred time. Bigbasket comes with the promise of having low prices and prompt delivery services.

    The logos of bigbasket and jiomart
    The logos of bigbasket and jiomart

    A brief about JioMart

    JioMart is an Indian online grocery delivery service, started as a joint venture between Reliance Retail and Jio platforms. JioMart delivery grocery and daily essential from nearby stores. The platform was soft launched in December 2019. A pilot was launched in selected areas of Navi Mumbai, Thane and Kalyan in April 2020. In May 2020, Jiomart launched in 200 cities and towns in India.

    Within a few days of its launch the JioMart Application crossed 1 million downloads. In October 2020, JioMart signed an agreement with Infibeam Avenues. JioMart is an online selling channel format of Reliance Retail Limited. We offer you convenience of shopping everything that you need for your home. The website sells products like fresh fruits and vegetables, cereals, packaged food, bakery and dairy, frozen and pet food, household cleaning items to your specialized beauty and personal care products from a single virtual store.

    JioMart is an online grocery store that provides 50,000 plus grocery products at discounts rates at your doorstep through an express delivery system. The company follows the on-demand model. JioMart also avoids using the system of warehousing and partner with local retailers instead. These retailers will source the grocery products and deliver it to the customers. JioMart’s app is available for download on Google Play Store and Apple Store.


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    Features of Bigbasket

    BigBasket has over 10 million customers. While the companies target audience is the working people, students and old people who don’t have the energy to go to grocery stores or to even stand in lines and buy the necessary products. Big basket helps people to browse through a huge variety of quality grocery items. Big basket helps these people to browse through a huge variety of quality grocery items.

    BigBasket home page
    BigBasket home page

    When the customers can order the required products which will be delivery within 90 minutes for express delivery or next morning for slotted delivery. There are three types of delivery systems which are

    • Slotted delivery: Customers can pick a convenient slot when they want their purchase to be delivery.
    • Express delivery: This service can be availed by customers in cities like Bangalore, Mumbai, Pune, Chennai, Kolkata, Hyderabad and Delhi NCR. Delivery will be done within 90 minutes

    The company has BB specialty stores: Big Basket has partnership with specialty stores like Karachi bakery. Customers can request a product from the store which will be delivered within 90 minutes. Big basket has acquired 100% stakes in milk delivery ventures Raincan and morningcart. The milk delivery service was branded as BB daily where customers can get milk delivered to their home in the morning everyday through subscribing for a fee.


    Online Grocery Service JioMart Expands services in 200 Cities
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    Features of JioMart

    JioMart will operate on the online to offline business model, it will connect with the local retailers and deliver goods to customers by procuring then from the nearest store located in the customer’s vicinity. This is unlike Grofers and BigBasket that use warehouse model. JioMart helps the correct the unorganized retail sector and help local shopkeepers whose businesses were adversely affected due to competitive pricing and warehousing strategies of online retail stores.

    JioMart home page
    JioMart home page

    In addition to increased sales and margins, these shopkeepers will be equipped with point of sale (PoS) terminals, integrated billing applications, and GST compliance. It will also upskill them in inventory management and supply chain management. The types of delivery services provided by JioMart are:

    • Free home delivery: It will give you the benefit of delivery of commodities at your doorstep by producing it from the nearby store.
    • No minimum value for free delivery: Sites like Big Basket and grofers det up a minimum value of purchase to avail the free delivery.
    • Express delivery: Express delivery means quicker delivery than ordinary services. In the ecommerce segment, it is generally within 24 hours.
    • No question asked return policy: When you wish to return the goods that you ordered online, you are almost always bombarded with unnecessary questions, JioMart will not ask the customer those questions.
    • Big discounts: The platform gives early discount of Rs. 3000, the platform has come up with a promotional strategy of pre-registration wherein people can save up to Rs. 3000 on future shopping.

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    Funding and acquisitions of Big Basket and JioMart

    BigBasket has received funds worth around $526 million. The investors include Alibaba group, Abraaj Group, Ascent Capital, Bessemer venture partner, Brand Capital, Helium venture partner, ICICI venture, IFC Venture capital group, LionRock Capital, Paytm Mall, Sands Capital management, Sands capital ventures, Trifecta capital and Zodius Capital.

    There are also talks about additional funding of around $200million post which the company would be valued at around $900 million. When it come to the acquisition BigBasket acquisition of delyver in June 2015 for an undisclosed amount. Delyver was also an online grocery store and its specialty was using local stores to deliver groceries to people. Now, all business assets of delyver have been merged with bigbasket.

    The Reliance Industries has acquired or invested in several companies, which are now under Jio platforms. Some of them Haptik, Embibe, Radisys, Reverie, Grab a Crub, EasyGov, Asteria Aerospace, Tesseract. The companies that have a stake in the Jio platforms are KKR, Public Investment fund of Saudi Arabia, Vista equity partners, Silver Lake Partners, Mudabla Investment Company, General Atlantic, Google and Facebook among others.

    Valuation of JioMart and Big Basket

    In May 2020, the enterprise value of Jio platform was estimated to be $72 billion. The company was also reported to be valuable than all other businesses of RIL put together. Morgan Stanley has valued the net asset value of Reliance Retail at $29 billion the company estimates the e commerce will account for 15% of all retail sales in India by 2023. Big Basket on the other hand has the valuation of over $1.2 billion.

    Big basket raised $300 million in February 2018 as part of its series E financing, which was led by the Alibaba Group. This gave the company a post-money valuation of $850 million. According to market sources, BigBasket is scouting for additional funding of $350-400 million at a valuation of about $2 billion. BigBasket has hence upped growth targets for FY21 by 40-50 per cent.


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    Workflow and Navigation of both websites

    When it comes to workflow both the websites are similar overall ordering process, you sing up using email and phone number, selection or area or pin number, adding item to the cart, clicking on the checkout button to finally finish the payment process. BigBasket has a much wider variety of categories for products, while JioMart needs to work more in this area. However, JioMart is gets a point as it has the multi search feature. With the help of this feature the user can search multiple products in one go and the combined results will be displayed.

    Navigation and search on big basket and jiomart
    Navigation and search on big basket and jiomart

    Wallet and checkout

    JioMart does not have a wallet, it is also difficult choose an option to apply discount vouchers or choose a delivery slot. However JioMart directly refunds to your online payment method in case there is an adjustment later and they also have an option of crediting the amount to your store credit account. In contrast BigBasket provides lots of options during checkout such as the ability to apply a voucher, use balance from the wallet select a delivery slot, etc.


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    Storage Levels

    JioMart orders are sourced from your nearest retail outlet of reliance Fresh or reliance mart unlike BigBasket which are sourced from their own warehouses. This way JioMart has an advantage that is their sources like Reliance fresh are already established enterprises unlike the Big Basket warehouses, so they didn’t have to create their supply chain from scratch. Also, I think their stocks will churn out much faster as both online and offline buyers will buy from the same sources.

  • How India is Boycotting Chinese products

    In this time of pandemic, China is pushing borders against India and other neighboring countries.China has a powerful and bigger weapon and that is Economy and that is why China is getting political. China is using its economy to dominate our neighbouring countries and thus it is becoming a superpower.

    It is the worst time for India to go on a war as our economy is down and this war
    couldn’t be won by money as China has its allies around us. It is helping our neighbouring countries in infrastructure and other projects but if no one uses them, it becomes difficult for these countries to pay back China. China also overstates his own bills and there comes China again and asks to handle the operations and takes control over these infrastructures so that it can use these bases as military base in times of war and be prepared. In case, the war is held, it will be from all the sides as we are surrounded by China’s allies. China has a military base in Africa and it is using it to threaten U.S. However, India is taking serious precautions to make China realise that it will impact their economy as well.

    Although this is not for the first time as the supporting stand of China towards
    Pakistan pot URI attack also led to a campaign to boycott Chinese products in India. However, this time, many social media influencers are coming up with several reasons to boycott Chinese products to spread awareness among Indian citizens. I would like to share some YouTube links which are helpful to understand the agenda of China for using Economy as a weapon against India:-
    SonamWangchuk

    Baba Ramdev

    These videos will also help in understanding the reasons to boycott Chinese products. There are many alternatives available for the Chinese apps and if we start using these alternative apps instead of the Chinese apps, it will affect the economy of China. As India is the biggest importer of Chinese goods and trade deficit of India with China is one of the biggest between two trading partners.
    A boycott is only possible if we start using alternatives from other countries or we become self-reliance as our honorable Prime minister wanted to say and import substitution can be done. If we will be able to boycott Chinese products completely then China will be in a situation where he will need to think twice before waging a war against any neighbouring countries. Our country now needs to manufacture products which are ‘Made in India’ but are ‘Made for the world’.

    Here are some examples, how Indians are totally depend on Chinese apps and using them continuously and on daily basis and these apps are the reason behind the growth of Chinese Economy:

    Apps that are Invested by China

    • Paytm
    • Byjus
    • Ola
    • Oyo
    • Swiggy
    • Zomato
    • Big basket

    Also Read: List of Popular Chinese Apps in India


    Chinese Mobile Apps in India

    • Tik-tok
    • UC browser
    • Pubg
    • Xender
    • Cam Scanner
    • Like

    Chinese Phone Companies

    • Xiaomi
    • OnePlus
    • Gionee
    • Oppo
    • Vivo
    • Huawei

    Essentials exported from China

    • Medicine ingredients
    • Solar products,
    • Semiconductors
    • Fertilizers
    • Machines

    According to facts provided by some news and personals, China is using the data from the Chinese invested apps and Chinese apps to gain information and also some information have been hacked by China through these apps as well.Recently a person from Vadodara Twitter account was hacked and the access point were seen as China. He stated that his account was synced with Pubg mobile and that might be the reason of hacking. China is a stakeholder in the company Tencent which has developed Pubg. Now this becomes more important to boycott these Chinese apps, to protect your data and information and also in order to support India so that China’s biggest weapon can be used against
    them.  


    Also Read: 10 Surprising Insights Of Chinese Apps And Their Alternatives


    NO MORE CHINA PRODUCTS:   POSSIBLE BOWL FOR INDIA ?  

    India is also trying their best to deal with China and make them taste their own medicine. They have reviewed the FDI so that Indian can’t Chinese puppet like our neighbouring countries. We are late but we are not in China’s trap and we have learnt the truth about China’s economy.

    Vocal For Local campaign

    Prime Minister Modi in his address to the nation on May 12, 2020 launched a ‘VOCAL  FOR LOCAL‘ campaign.  He urged the citizens of India to buy and promote local goods and brands.  The Prime Minister further said that global brands were once local but when people started supporting them they went global.

    It is known that India and China are the two fastest growing economies in the world and India is the largest importer of Chinese goods and services in the world.

    The trade deficit between India and China is the largest among the major trading partners.  It is interesting to note that India imports about seven times more from China than it exports.  India imports more than $ 50 billion worth of goods from China and exports $ 2.5 billion worth of goods to China.

    It is a known fact that Chinese products are very cheap compared to their Indian counterparts.  In addition, the Chinese government also provides subsidies to its exporters.  India spends around 9% on transportation, energy etc., but this cost is nil by the import duty imposed on China by India.  To avoid import duties, many Chinese companies use trans-shipment routes — sending goods to Bhutan and then India.

    Globalization has spread its roots so deep in our lives and the supply chain is so interconnected, the productions process is so complex that it is difficult to isolate one country and boycott it’s goods completely but as Mr. Sonam Wangchuk mentioned, systematic and phased boycott is possible. We can starts from stop using the Chinese software in a week and hardware in a year. We need to constantly make efforts to ease the business environment in India and bring out labour reforms and look for less expensive alternatives which will take time but it is the time to make some uncommon decisions that will impact our lives and will help Indian Economy and will impact Chinese Economy as well.

    The Confederation of All-India Traders (CAIT)

    CAIT

    A traders’ organization, on Sunday expressed solidarity with the Ladakh-based educational reformer and visionary Sonam Wangchuk’s appeal to boycott Chinese goods.
    Tension between India and China, the man who inspired Bollywood blockbuster “3 Idiots”, has appealed and asked Indians to boycott all Chinese companies.
    In a tweet, the engineer-turned-education reformer asked people to boycott all Chinese products in Ladakh to stop Beijing’s “bullying” and to free 1.4 billion bonded labourers in the country.

    CAIT, which claims to represent seven crore merchants, said it had identified around 3,000 categories of heavily imported Chinese products “which should be immediately replaced by Indian products as good quality for such products Indian replacements are available “

    CAN INDIA REALLY BOYCOTT CHINESE PRODUCTS

    • India imports many raw materials as well as finished products like steel, minerals etc. from China.  When it comes to boycott imports from China, this can only be done in the case of finished goods but the import of raw materials from China cannot be stopped.
    • India also imports consumer durable like electrical appliances, mobile phones, cars etc.  Medicinal drugs like leprosy, antibiotics etc. from China.  In addition, the Chinese smartphone market accounts for $ 8 billion of India’s smartphone market (Lenovo, Oppo, Vivo, etc.).  If India planned to boycott Chinese products, India’s GDP would fall drastically.
    • After the launch of ‘Make in India‘ campaign by Prime Minister Modi, many Chinese companies have set up their units in India, employing hundreds of thousands of workers in India.  If India boycott Chinese products, these companies may face pressure from Chinese authorities to stop their production in India, leaving hundreds of workers unemployed.

    As mentioned above, India imports about seven times more from China than its exports.  If India plans to boycott Chinese products than find an alternative that can match the cost and availability is almost impossible.  Thus, India’s GDP can be contracted.

    5- It is interesting to note that almost every product we use has a little bit of China.  Smartphones, laptops, air conditioners, etc. which we use in our daily life, some parts are manufactured in China.

    We must understand that the present process of manufacturing is interlinked.  For example, a phone is made with the help of Chinese laborers and land, investment from a different country says that the US has made an innovation from Japan and can end the Made in India apps.  Every product has the same process when it comes to labor, investment, innovation, etc.  Thus, it can be concluded that each nation cannot be separated nor its good can be boycotted.

    Many countries in the world started boycotting products from various countries, but were unsuccessful due to the complex manufacturing process.  Some of them are listed below:

    1- In 1930, China tried to boycott all Japanese products to protest against the Japanese colony, but failed.

    2- In 2003, the US attempted to boycott French goods after 9/11 in protest of France’s refusal to send troops to Iraq but then failed.

    SO IS THERE ANY ALTERNATIVE?

    Sonam Wangchuk

    Recently, Sonam Wangchuk answered several questions on the boycott of Chinese products.  He said that the customer is king.  This means that consumers should stop using Chinese products.  He chanted a boycott of China’s software in a week, hardware in a year, finished and non-essential products in a year, and systemic boycott of essential products, raw materials, etc. in the coming years.

    We can also implement the import-substitution method in India to boycott Chinese products.  This means that the products we import from China can be manufactured in India, but in the short term this is impossible.

    The Indian government should reduce the rates at which loans are issued to Indian companies like China.  In addition, the government should provide infrastructure, services, etc. to prepare Indian companies to compete with China.  India may boycott Made in China products but in a systematic and planned manner as stated by Sonam Wangchuk.