India: BigBasket sees sharp spike in new customers amid COVID-19 crisis

Grocery e-tailer BigBasket said new customers on its delivery platform have risen 84% during a seven-month period – January to July. The startup also claimed the retention rate of customers grew 50% during the period. Bigbasket’s growth in user additions comes not long after its supply chain and logistics operations came to a standstill in April during the first phase of lockdown, even as demand saw a sharp rise.