Milkbasket eyes break even in Jul-Sept quarter on rising e-commerce demand

Milkbasket is present in four cities so far including Gurugram, Noida, Bengaluru and Hyderabad. Goel said, the company had achieved break-even in three cities and Hyderabad would join the list soon

Online home essentials and grocery delivery start-up Milkbasket is expecting to break-even in the July-September quarter (Q2), as the adoption of e-commerce in the country sees a huge boost, triggered by the coronavirus-induced lockdown.

“We are very much on track to achieve overall profitability (by September-end) while we had turned operationally profitable in April,” said Anant Goel, co-founder and chief executive officer (CEO) of the Gurugram-based firm. “In December, when we started focusing on profitability, only Gurugram had turned profitable by then. Our focus was to make one city profitable in every quarter.”

Milkbasket is present in four cities — Gurugram, Noida,