 "Askme acquires Bestatlowest.com for Rs 63 crore")
Gurgaon-based Internet company Askme has acquired Accelity BestAtLowest Online Services Private Limited, a New Delhi-based company that runs online grocery shopping marketplace Bestatlowest.com, for $10 million (approximately Rs 63 crore).
Under the agreement signed between the two entities, BestAtLowest will operate as part of Askme and will expand its search capabilities and enable real-time inventory sync between online and physical stores.
Under the agreement signed between the two entities, BestAtLowest will operate as part of Askme and will expand its search capabilities and enable real-time inventory sync between online and physical stores.
Bestatlowest.com was founded by Ankit Nigam and Amit Nigam in 2013 with operations in New Delhi and the National Capital Region.
With over 7,000 products across different categories spread in both fast-moving consumer goods (FMCG) and non-FMCG sectors, the online grocery store claims to deliver its services within four to six hours of placing an order.
With this acquisition, Bestatlowest.com's entire team of 25, including its founders, will come under Askme's fold, and will work on merging the online grocery shopping marketplace with Askmegroceries.com, a new site which is slated for a roll out later this year.