BigBasket vs Zepto: revenue, valuation and funding compared
The short answer
Zepto reported the highest revenue, ₹22,624 crore in FY26, against BigBasket ₹10,498 crore in FY26. BigBasket and Zepto reported a loss.
BigBasket and Zepto are two of the biggest online grocery players in India. BigBasket is the older business, owned by Tata Digital, part of the Tata Group, and it moved fully to quick commerce in August 2024. Zepto was founded in 2021 in Mumbai by Aadit Palicha and Kaivalya Vohra, and delivers groceries in minutes from dark stores in over 60 Indian cities. People compare them as the incumbent and the fast-growing challenger.
The latest numbers for both belong to FY26, the year to March 2026. BigBasket's figures are company-level numbers reported by Medianama, and its B2C arm reports a separate set. Zepto's revenue is revenue from operations per its draft prospectus. Zepto's FY26 loss is not in its profile because reports give two different numbers. Every figure on this page comes from the two profiles.
Side by side
| BigBasket | Zepto | |
|---|---|---|
| Founded | — | 2021 |
| Based in | — | Mumbai |
| What it sells | Online grocery and quick-commerce platform owned by Tata Digital | Quick commerce app delivering groceries in minutes |
| Status | Acquired | IPO filed |
| Revenue, latest year | ₹10,498 crore FY26 | ₹22,624 crore FY26 Bigger |
| Revenue, year before | ₹3,822 crore FY20 | ₹11,110 crore FY25 |
| Growth | — | +104% (FY25 to FY26) |
| Net profit (loss), latest year | ₹3,192 crore loss FY26 | ₹4,697 crore loss FY25 |
| Last disclosed valuation | — | $7 billion Oct 2025 |
| Total raised | $210M (disclosed rounds) | $1.8B (disclosed rounds) Bigger |
| Last round | Bridge round, $50-60 million, Apr 2020 | Primary round, $450 million, Oct 2025 |
| Profile | BigBasket on StopDown | Zepto on StopDown |
Scale
Zepto is the bigger business by revenue. It reported revenue from operations of ₹22,624 crore in FY26, up from ₹11,110 crore in FY25. BigBasket reported ₹10,498 crore in FY26, up 6%. BigBasket's earlier years show how long it has been around: ₹3,822 crore in FY20 and ₹1,606 crore in FY18.
On usage, BigBasket had 22.4 million weekly active users in late June 2026, according to a CLSA note. The Zepto profile carries no user count, so users cannot be compared here.
Money
Both lose heavily. BigBasket's net loss rose 59% to ₹3,192 crore in FY26 on ₹10,498 crore of revenue; its B2C arm separately reported a loss of ₹3,073 crore on revenue of ₹8,223 crore. Zepto's FY25 loss was ₹4,697 crore from a single report, and its FY26 loss is not given in the profile.
On funding, Zepto's last private round was $450 million in October 2025 at a $7 billion valuation, after rounds that include a $665 million Series F in June 2024 and a $350 million primary round in November 2024. BigBasket's profile lists a $150 million Series F in March 2019 led by Alibaba and a $50 to 60 million bridge round in April 2020. In April 2021 Tata Digital received CCI approval to buy up to 64.3% of BigBasket for over $1 billion.
Where they are heading
Zepto filed draft IPO papers in June 2026 for a fresh issue of up to ₹8,010 crore. In July 2026 it paused the IPO and planned a pre-IPO round of about ₹1,000 crore, and a later report pushes the listing to 2027. Regulators in Karnataka, Maharashtra and Rajasthan acted on its dark stores in August and September 2026. At BigBasket, the co-founders Hari Menon and Vipul Parekh stepped back in June 2026 and Amit Nanda became CEO; Karnataka suspended its food licence in August 2026.
The numbers behind the table
BigBasket: revenue and profit by year
| Year | Revenue | Profit or loss | Note |
|---|---|---|---|
| FY26 | ₹10,498 crore | ₹3,192 crore loss | as reported by Medianama, company-level; the B2C arm separately reported ₹8,223 crore revenue and ₹3,073 crore loss |
| FY20 | ₹3,822 crore | ₹611 crore loss | net loss, before the Tata deal |
| FY18 | ₹1,606 crore | ₹310 crore loss | as reported |
Zepto: revenue and profit by year
| Year | Revenue | Profit or loss | Note |
|---|---|---|---|
| FY26 | ₹22,624 crore | — | revenue from operations per the draft prospectus; net loss reported as ₹5,095 crore and ₹5,905 crore, so left out |
| FY25 | ₹11,110 crore | ₹4,697 crore loss | revenue from operations per Financial Express; loss from a single report |
BigBasket: funding rounds
| Date | Round | Amount | Investors |
|---|---|---|---|
| Apr 2020 | Bridge round | $50-60 million | Alibaba (lead), Mirae Asset, CDC Group |
| Mar 2019 | Series F | $150 million | Alibaba (lead), CDC Group, Mirae Asset |
Zepto: funding rounds
| Date | Round | Amount | Investors |
|---|---|---|---|
| Oct 2025 | Primary round | $450 million | Sources disagree on the lead |
| Nov 2024 | Primary round | $350 million | Motilal Oswal Private Wealth (lead) |
| Jun 2024 | Series F | $665 million | Glade Brook, Nexus, StepStone Group |
| Aug 2023 | Series E | $200 million | StepStone (lead) |
| Dec 2021 | Series C | $100 million | |
| Nov 2021 | Series B | $60 million | Glade Brook Capital (lead) |
Questions people ask
Which is bigger, BigBasket or Zepto?
Zepto, by revenue. It reported ₹22,624 crore of revenue from operations in FY26, against ₹10,498 crore for BigBasket in the same year.
Is BigBasket profitable?
No. BigBasket reported a net loss of ₹3,192 crore in FY26 on revenue of ₹10,498 crore, a loss that grew 59% from the year before. Zepto's FY25 loss was ₹4,697 crore, and its FY26 loss is not in its profile.
Who founded Zepto, and who owns BigBasket?
Zepto was founded by Aadit Palicha, the CEO, and Kaivalya Vohra, the CTO. BigBasket was co-founded by Hari Menon and Vipul Parekh and is owned by Tata Digital, which got approval in April 2021 to buy up to 64.3%.
Which has raised more money?
Zepto, on the rounds in the profiles. They include $450 million in October 2025, $665 million in June 2024 and $350 million in November 2024. BigBasket's listed rounds are $150 million in 2019 and $50 to 60 million in 2020, before the Tata deal.
Every figure on this page comes from the companies' StopDown profiles, which list the filing or statement behind each number: BigBasket, Zepto. Revenue is revenue from operations unless the note says otherwise; valuations are as disclosed at a round or by the company; nothing here is investment advice. How StopDown counts.