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NHC Foods enters into JV with Bigbasket.com for online Retail Grocery Segment

22 Aug 2014 Evaluate

NHC Foods has entered into a joint venture (JV) with Bigbasket.com, India’s largest online food & grocery store for the launch of its branded range of Spices - SAAZ. As a pilot venture the company has began with the city of Mumbai and now plans to introduce SAAZ in Hyderabad & Bangalore by offering its entire range on the PortalBigBasket.com exclusively for those cities.

With the online grocery market being largely untapped, NHC Foods estimates that it will enhance its existing consumer base thus resulting in monthly sales growth of around 10% by end of this financial year.

NHC Foods is Government Recognized Star Export House engaged in the Business of Exporting Whole & Ground Spices, Oil Seeds, Food Grains, & Animal Feeds. The company has its state-of-the-art manufacturing facilities at Pardi in Gujarat. The company currently exports to 60 countries and has more than 200 International customers.

Peers
Company Name CMP
Nestle India 1353.15
Varun Beverages 432.00
Britannia Industries 4930.00
LT Foods 424.20
Hatsun Agro Product 1136.45
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