Nature's Basket is an Indian

grocery A grocery store (American English, AE), grocery shop or grocer's shop (British English, BE) or simply grocery is a retail store that primarily retails a general range of food Product (business), products, which may be Fresh food, fresh or Food p ...

delivery Delivery may refer to: Biology and medicine *Childbirth *Drug delivery *Gene delivery Business and law *Delivery (commerce), of goods, e.g.: **Pizza delivery ** Milk delivery ** Food delivery ** Online grocer *Deed ("delivery" in contract law), a ...

chain of

retail stores The retail format (also known as the retail formula) influences the consumer's store choice and addresses the consumer's expectations. At its most basic level, a retail format is a simple marketplace, that is; a location where goods and services ar ...

focused in gourmet food. It has a range of

organic food Organic food, also known as ecological or biological food, refers to foods and beverages produced using methods that comply with the standards of organic farming. Standards vary worldwide, but organic farming features practices that cycle resou ...

, imported ingredients and exotic foods. The company is headquartered in

Mumbai Mumbai ( ; ), also known as Bombay ( ; its official name until 1995), is the capital city of the Indian state of Maharashtra. Mumbai is the financial capital and the most populous city proper of India with an estimated population of 12 ...

, India and has multiple stores in cities like Mumbai, Bengaluru, Pune and Kolkata. It was acquired by Spencer's Retail Ltd, a RP-Sanjiv Goenka Group company in May 2019 from the Godrej Group in an all-cash deal.

History

Nature's Basket was founded in 2005 as a "world food store" and now operates 31 physical stores in cities such as Mumbai, Bengaluru, Pune and Kolkata. The retail chain sells fresh vegetables, fruits, cold cuts, meats, cheese, organic foods and dairy products. It also sells gifts. It also operates as an online grocery store and mobile app platform which caters to 125 cities across India. Nature's Basket acquired Mumbai-based online grocery store Ekstop.com in 2015 to strengthen its online presence across 125 cities in India. In 2017, the company rebranded as a "Daily Food Delights" store. The company was acquired by Spencer's Retail Ltd from Godrej Group in May 2019 in an all cash deal. The acquisition proved complementary across a number of fronts. The acquisition helped Spencer’s Retail expand its retail presence in Western India, a region for potential business growth. Natures Basket retained its brand, providing Spencer’s with a market flanking opportunity.

Key people

Sachin Agarwal is the COO & Sandeep Banka is the CFO of Natures Basket.

In-house brands

Nature's Basket has three brands under its name for exotic and organic produce: *L'Exclusif : exotic products such as international gourmet, nuts, conserves, savories, digestives, chocolates, ice creams *Healthy Alternatives : organic and health-oriented food such as quinoa, gluten-free pasta, multi-grain atta (flour), pulses, roasted seed mixes. Twinkle Khanna launched the Nature's Basket Healthy Alternatives brand in Mumbai on 27 September 2016. *Nature's : A range of dry fruits, spices, eggs, vegetables, rice, pulses, rice * Sonam Kapoor is associated with Nature's Basket since August 2019.

References

{{reflist Retail companies of India Companies based in Mumbai Retail companies established in 2005 RPG Group Supermarkets of India 2005 establishments in Maharashtra Indian companies established in 2005 RPSG Group

History

Key people

In-house brands

See also

References