ESIP Supermarket Grocery Supplies

completed

Established in December 2011, Supermarket Grocery Supplies Private Limited (“SGSPL” or the “Company”) is engaged in wholesale trading and supply of groceries, provisions, fruits, vegetables and related household products. SGSPL is the principal supplier of, and intellectual property licensor, on a non-exclusive basis, to bigbasket.com.The company sources and carries its own inventory of over 10,000 products and over 1,000 brands. For this purpose, the company has distribution centers (DCs) in six major cities of India i.e. Bengaluru, Chennai, Mumbai, New Delhi (covering National Capital Region), Pune and Hyderabad, all of which are located in leased premises. The company currently provides its services across 9 cities in India. A typical DC has an area of about 50,000 ft2 (approx. 4645 m2) and has rack storage space, refrigerated storage space, receiving and dispatch bays, and areas for fruits/vegetables cleaning, cutting and packing. SGSPL procures fresh fruits and vegetables from farmers via its network of collection centers. The company already has 4 operating collection centers and intends to grow this network to more than 15 centers across the country. The company uses technology (such as wireless handheld devices, automated and integrated inventory and warehouse management software), in addition to using optimized warehouse layouts, route and traffic planning, and cold storage and transportation systems to setup its backend infrastructure. The company currently employs about 2,900 employees and third party workers. SGSPL intends to expand its services to over 20 Tier-2 cities in the next two years. It has already started upon this plan by starting operations in one Tier-2 city in the last 2 months, and intends to keep growing its footprint rapidly. The proposed investment (“Project”) consists of up to US$ [25] million in equity for a minority stake in SGSPL in order to finance the expansion of the company’s wholesale trading and supply business in India.