BigBasket to invest Rs500 crore to ramp up farmer sourcing, technology - News Summed Up

BigBasket to invest Rs500 crore to ramp up farmer sourcing, technology


BigBasket CEO Hari Menon said the company is eyeing 20 million customers by 2020 from the 8 million now. Photo: MintMumbai: Online grocery store BigBasket expects to spend up to Rs500 crore to strengthen its technology and back-end farmer supply chain as it looks to more than double its customer base to 20 million by 2020, a top company executive said. “We are focusing significantly on strengthening our back-end farmer supply chain programme called Farmer Connect. The company also plans to invest in technology to further strengthen customer service areas and back-end efficiencies, Menon said. He added that the expected investment on all these projects would be up to Rs500 crore.


Source: Mint January 21, 2018 11:03 UTC



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