WASHINGTON — Startup app maker Basket Savings will relocate from D.C. to Arlington County, and create 65 new jobs in the process.
Basket Savings, currently leasing space at 7th and E streets in Northwest from one of its investors, Mark Ein, has a staff of nine right now.
The company was founded in 2014 and launched its grocery store price comparison app in January 2016.
Basket will invest $10 million on its Arlington operations located at 1220 North Fillmore Street in Clarendon.
Gov. Terry McAuliffe has approved a $125,000 grant from the Commonwealth’s Opportunity Fund as part of Basket Savings’ relocation.
Basket Savings’ app scans a shopper’s weekly grocery list, then based on all items on the list, finds the grocery store that will have the lowest total for all items at checkout. It defaults to stores within a five-mile radius, and gathers pricing information from other users of the app.
“When you look at the current landscape of tech startups in the headlines, many of them are focused on the top 1 percent of our country, people who have more money than time and are willing to pay whatever price to have their soy latte and kale salad delivered in less than 15 minutes,” said Basket founder and CEO Neil Kataria.
“There are hundreds of millions of consumers that haven’t benefitted from the wave of innovation in commerce because they don’t like in the middle of New York or San Francisco.”
Basket Savings will create the new jobs over the course of the next three years.
