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The Silicon Review Asia

Milkbasket Is All Set To Scale-Up Its Business in India

Milkbasket Is All Set To Scale-Up Its Business in India

The all-new grocery delivery startup Milkbasket is ready to redefine its market in India by investing Rs10 crores to scale-up its products like fresh fruits and vegetables. The company aims to start 10 more sourcing centers across the country. The firm is tied up with farmers, for direct farm resourcing which in turn will help the farmers to be the direct benefactor.

Milkbasket is tying up its venture with companies like; Unilever, Mayfield India, Blume, and Kalaari Capital. “We are moving towards our goal of achieving $1 billion average recurring revenue in 2021. Together with investing in talent and geographic expansion, Milkbasket continues to invest in customer-centric innovation,” stated AnantGoel, the Co-founder, and CEO of Milkbasket.

The company which was launched in the year 2015 is trying to make a change in the field of agriculture and technology by direct farming source, which has already helped and helping many farmers of India. The firm also stated that “The Company is in talks with various agronomists and farming experts to help farmers develop sustainable agricultural systems by technical knowledge transfer. As a first step, Milkbasket has partnered with multiple hydroponic farms to ensure 100 percent pesticide-free produce for its customers.

This move made by the company is appreciated by economists and agronomists of the country. Milkbasket will be one of the very few companies that have tied up directly with farmers making them the first benefactor. Starting up 10 new ventures will not only help the company to get popular but will also play an important role in increasing the nation’s rural GDP rate.

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