Milkbasket, India’s first micro delivery platform, today announced the company’s plans to hire at least 2000 employees within the next 12-18 months. The company recently closed a $3M Pre-Series A round from Unilever Ventures, Blume Ventures and Lenovo Capital (LCIH). Anant Goel, Co-founder and CEO at Milkbasket said, “We aspire to serve over a million households by 2022 and this would be our first step to realize this mission. We will be strengthening our team with additional 2000 employees by next year to serve up to 50,000 daily orders in Gurgaon.”
The company will be hiring over 1500 full time and 500 part-time employees.“Part-time employment is a great way for students and micro-entrepreneurs to have a sustainable source of income, while they continue with their daily routine. We will hire a least 500 such employees in Gurgaon to support our morning deliveries,” Anant added.
Launched in early 2015, Milkbasket is India’s first and largest daily micro-delivery service. Built on the unique Indian habit of getting fresh milk delivered at home every morning, Milkbasket (accessible on milkbasket.com, iOS, and Android) is today fulfilling the entire grocery needs of a household every day before 7:00 a.m. To enable frequent and frictionless buying, Milkbasket has innovated flexi ordering and contactless delivery – both a first in the e-commerce industry – and favorites of Milkbasket customers. With a daily reach to over 35,000 households and serving 10,000+ households every morning in Gurgaon, Milkbasket delivers the highest number of grocery orders in the NCR region. Its vision is to become the default mom & pop shop for over a million households in the next 3-5 years. Having achieved positive unit economics within the first six months of the launch, Milkbasket is the most capital efficient model in the online grocery space as compared to its domestic and global peers.
Founded by INSEAD alumnus Anant Goel with his co-founders Ashish Goel, Anurag Jain and Yatish Talvadia, Milkbasket delivers only in select areas while expanding its network with new launches every week. With an order fulfillment rate of 99%, customer retention rate of 95% and on-time deliveries of 99.9%, Milkbasket has redefined the industry benchmarks and enjoys envious customer loyalty.
Milkbasket has recently raised $3M in pre-series A round from Unilever Ventures, Blume Ventures and Lenovo Capital (LCIH). Previously it raised a total of $1M in seed and angel investment from a clutch of Chinese VCs and domestic angels including Milkbasket customers.