INSUBCONTINENT EXCLUSIVE:
Preparing customers' orders for delivery at a Bigbasket warehouse | Bloomberg3 min read Last Updated : Jul 18 2024 | 5:47 PM
IST
Tata-owned Bigbasket on Thursday announced the launch of its own software-as-a-service (SaaS)-based supply chain platform BB Matrix to
entire supply chain to enterprises, globally
It enables user organisations to get real-time updates, quickly track bottlenecks, and take data-backed decisions to build resilient supply
demand for agile, robust, and cost-efficient supply chains, we have made BB Matrix available to enterprises across different sectors that go
supply chain excellence at Bigbasket and has a proven scalability of up to 15 million+ monthly transactions today, integrating AI-driven
management (SCM) software globally
According to a recent Gartner report, global annual SCM software spend will reach $62 billion in 2028, up from $29 billion in 2023, with a
Mishra, head of sales and marketing, BB Matrix.
According to Mishra, the platform will offer its solutions in international markets like
the US, Middle East, Southeast Asia (SEA), and Africa regions as well.
Founded in 2011, Bigbasket was acquired by Tata Group-owned Tata
Currently, it operates verticals like its quick-commerce service BB Now and subscription-based service BB Daily, among others.
The company
reported a revenue of Rs 9,499.3 crore in FY23, up from Rs 8,556 crore the year before
Meanwhile, its total losses widened to Rs 1,785.4 crore, up from Rs 1,040.7 crore in FY22.First Published: Jul 18 2024 | 5:44 PMIST
