India’s retail market is growing rapidly and its expansion is creating opportunities for people to find employment. Over the next five years, the industry is predicted to create between 10 and 12 million jobs in the country.
The growth of the retail sector is supporting people in different types of employment, including farmers growing produce, employees sorting and packaging products in warehouses and drivers delivering goods.
How Bigbasket supports jobs
Bigbasket is India’s largest online supermarket. The company’s recent growth reflects the wider trend across the retail industry in India, the company has gone from having around 80 employees to 15,000 in just over five years.
In 2016 alone, it hired 5,700 workers, more than any other company in our portfolio. Half of these were recent entrants to the job market. As well as creating jobs in its warehouses and delivery operations, the company’s success has benefitted 3,000 across India, who supply Bigbasket.
The field: Mahadeva’s story
Bigbasket’s fresh fruits and vegetables are grown by farmers such as Mahadeva Swarmy, who lives in Mysuru, southern India. The company provides an agricultural specialist to work with Mahadeva and other farmers in the region, who helps them to improve their crop yields.
He says that his income has increased since he started supplying the company: “We receive better prices without the involvement of a middle-man. We also save time and money on transport costs. I can now provide a better education to my children.”
The warehouse: Parajitha’s story
Once the produce comes into the warehouse from the field, customers’ orders are sorted and packed ready for delivery.
Parajitha works as a floor supervisor in Bigbasket’s warehouse in Bengalaru. Since joining the company four years ago, her career has progressed and she now manages a team of 200 people: “I started as a cleaner, whenever I had the chance I would pick and pack products. My managers recognised this and promoted me.”
A steady income has enabled her to provide for her family and care for her husband, who is unwell.
The delivery: Jayakumar’s story
The orders are then distributed to the delivery team, before going to customers. Jayakumar is a student, who uses the money he earns from working as a delivery executive to pay his university fees. After finishing studying for the day, he starts his shift at Bigbasket, delivering around 30 orders a day to people living in Bengalaru.
His job has inspired him to pursue his studies further and look for a future career in India’s retail industry: “My goal is to study further and become a manager at a company like Bigbasket.”
How we’re invested in BigBasket
We are invested in Bigbasket through a private equity fund managed by Ascent Capital. Ascent’s support has helped Bigbasket develop from an ambitious start-up, to a thriving retail business, which delivers a million orders every month and supports the livelihoods of thousands of people.