04 Feb '13, 10am

Singapore online grocer @RedMartcom greets 12,000 sq ft warehouse, 16x revenue growth

Singapore online grocer @RedMartcom greets 12,000 sq ft warehouse, 16x revenue growth

RedMart.com , a Singapore-based online grocer, has completed its transfer to a 12,000 sq ft fulfillment center — about the size of 4 tennis courts — which can house the company’s selection of products and includes a cool room to maintain the quality of fresh goods. The company will have a product selection of 8,000 by May. The startup also announced today that it will invest in logistics and delivery technology to increase fulfillment efficiency and accuracy as well as better coordinate its fleet of delivery vans. At this point, RedMart lets users select a two-hour delivery window, same-day delivery up to 10PM, and free delivery for orders above SGD75. “We were bursting out of our old warehouse and never imagined we’d grow out of it so quickly,” said Vikram Rupani, co-founder, COO and CFO of RedMart. On track to break even this year, its monthly revenue for January 2013 wa...

Full article: http://sgentrepreneurs.com/2013/02/04/singapore-online-gr...

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