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New Delhi: It is time for a contemporary method within the retail market. Gone are the times of exhausting looking for necessities. With just some faucets, select and buy your requirements by an app. One such rising star in India’s on-line grocery scene is BigBasket, co-founded by Hari Menon and his group of entrepreneur pals. As a purely internet-based firm, it has secured its place as the biggest participant within the grocery market. However how did it emerge in such a quickly rising trade?
Born in 1963 in Mumbai, Hari Menon hails from a middle-class background. His academic journey took him from Lawrence Faculty, Lovedale, to Birla Institute of Know-how and Science for his B.Tech in Mechanical Engineering, and later to Carnegie Mellon College for his MBA. His thirst for information led him to pursue an MS in Industrial Engineering in Operations Analysis from Oklahoma State College.
Hari’s profession trajectory started as a Software program Engineer at Consilium, adopted by managerial roles at Accenture and Facet i2 Applied sciences. He then ventured into company technique and advertising and marketing at Bristlecone earlier than embarking on his entrepreneurial journey in 2004 with the founding of Tumri. After Tumri’s acquisition by Collective Media, Hari continued his entrepreneurial pursuits, culminating within the creation of BigBasket in 2011.
Previous to BigBasket, Hari and his pals experimented with Fabmart, a precursor to right this moment’s e-commerce giants like Amazon and Flipkart. Regardless of preliminary setbacks and a transition to bodily shops, their resilience paid off, resulting in the institution of 300 shops below the Fabmart model. The sale of Fabmart to Aditya Birla Group paved the best way for BigBasket’s inception.
BigBasket’s success might be attributed to well-crafted enterprise methods, concentrating on main city facilities with a various vary of merchandise from over 1000 manufacturers. The endorsement of Bollywood icon Shah Rukh Khan additional bolstered its fame.
On a private notice, Hari Menon is married to Shanti Menon, herself a notable determine because the founding father of The Deen’s Academy and the daughter of E Sreedharan, famend because the Metro Man of India. Hari’s entrepreneurial prowess has been acknowledged with accolades reminiscent of rating 4th within the Prime 100 Indian startups by YourStory and receiving the Icon Award for Entrepreneurship on the Audi RITZ Icon Awards in 2015.
Hari Menon’s journey from conventional retailing to pioneering the web grocery market serves as a beacon of inspiration for aspiring entrepreneurs. His story is a testomony to perseverance, innovation, and the transformative energy of entrepreneurship in shaping India’s enterprise panorama.
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