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bigbasket Signs Three-Year e-Procurement Deal with SourceEzy

In addition to bigbasket, SourceEzy works with many other clients in India, the Middle East, Europe, and the United Kingdom. The company is currently in the process of signing up more clients globally.

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Cdr (Retd) V.S. Ramesh, Co-founder and Chief Projects Officer, bigbasket

bigbasket, India’s largest online supermarket, has signed a three- year e-procurement deal with SourceEzy Technologies Pvt. Ltd, an e-procurement software and consulting firm here to source over 100 crore in the next 3 years.

The contract will comprise the entire e-procurement requirement of the company including Capital Expenditure, Operational Expenditure, and Services. Speaking about this, Cdr (Retd) V.S. Ramesh, Co-founder and Chief Projects Officer, bigbasket said, “We have appointed SourceEzy as our exclusive e-procurement partner. We use SourceEzy’s software to capture internal requisitions, send out requests for product information and quotations, conduct e-auctions and send out online purchase orders to our vendors. The software is very user friendly and the consulting services received are exemplary.”

SourceEzy was founded in 2012 and received Angel Funding by Mr. Alwyn Santhumayor, a serial Angel Investor in 2015. Mr. Deepak Ramesh, Founder and Managing Director, SourceEzy said, “The contract can generate an upward saving of 10% on their procurement exercise in the next 12 months. It is a pleasure to work closely with bigbasket’s team. Our joint efforts have already brought in savings of over 10% in the first quarter of services”.

“We have been able to generate an overall saving of over 60 crore for our clients on a spend of 580 crore rupees. We have generated these average savings across various categories of direct and indirect spends. We work as an extended arm of our client’s procurement teams and charge them a fixed fee on the software and consulting services,” added Mr Deepak Ramesh.

In addition to bigbasket, SourceEzy works with many other clients in India, the Middle East, Europe, and the United Kingdom. The company is currently in the process of signing up more clients globally.

With a few hundred daily orders, bigbasket had a modest beginning. In five years, with the support of its customers, it has surpassed the 60,000 daily orders mark to become India’s largest online supermarket & 6th largest grocery retailer of India across online & offline formats. The company has recently crossed the 6 million customers mark. bigbasket has also recently strengthened its B2B business by expanding to the HoReCa (Hotels, Restaurants, and Caterers) segment and partnering with SnapBizz, a retail-technology firm, in an effort to transform India’s kirana stores into technology-enabled modern retail stores. bigbasket closed the previous fiscal year with Rs 1,410 crore in revenue and broke even in 2 key markets – Bangalore & Hyderabad in its slotted delivery business.


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