MobiKwik, India’s largest independent mobile payments’ network today announced that it has registered 5000% growth on Big Basket, India’s largest online supermarket Bigbasket offers over 20,000 products from over 1000 brands and is present in 25 cities across the country including Bangalore, Hyderabad, Mumbai, Pune, Chennai and Delhi-NCR.
Upasana Taku, Co-founder, MobiKwik said, “Grocery is an everyday purchase and MobiKwik’s phenomenal growth on Big Basket suggests how entrenched MobiKwik is in our users every day transactions. If there is an online commercial transaction, MobiKwik’s vision is to facilitate it. The e grocery market is a key vertical for us therefore, and is experiencing tremendous growth”.
Research firm IGD predicts that India’s online grocery market is estimated to be less than $100 million at present and will cross $25 billion by 2020.
MobiKwik is powering payments for IRCTC, Uber, Meru Cabs, Big Bazaar, OYO Rooms, Zomato, PVR, Archies, WHSmith India, BookMyShow, Grofers, Big Basket, Domino’s, Burger King, Pizza Hut, eBay, ShopClues, Myntra, Jabong, Pepperfry, Barista, Food Panda, nearbuy, Van Heusen, Allen Solly, Louis Phillips, GoDaddy, MakeMyTrip, Cleartrip, and Yatra.
“A significant number of our customers are paying online now, using wallets. They finding it more and more convenient to use. The growth of wallets on our site is reflected in our association with partners such as MobiKwik. These partnerships have been extremely rewarding and have also helped us deliver greater value to our customers.”, Vipul Parekh, Cofounder & CMO Big Basket added.
MobiKwik claims that it is India’s largest independent mobile payments network, connecting 30 million users with 75,000+ retailers. Founded in 2009 by Bipin Preet Singh and Upasana Taku, the company has raised three rounds of funding from Sequoia Capital, American Express,Tree Line Asia, MediaTek, GMO Payment Gateway and Cisco Investments. MobiKwik aspires to be the largest source of digital transactions in India.
Currently, MobiKwik is powering payments for IRCTC, Uber, Meru Cabs, Big Bazaar, OYO Rooms, Zomato, PVR, Archies, WHSmith India, BookMyShow, Grofers, Big Basket, Domino’s, Burger King, Pizza Hut, eBay, ShopClues, Myntra, Jabong, Pepperfry, Barista, Food Panda, nearbuy, Van Heusen, Allen Solly, Louis Phillips, GoDaddy, MakeMyTrip, Cleartrip, and Yatra.
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