Funding · Commerce & Consumer Brands

BigBasket plans $1 billion funding to catch up in quick commerce

By Startup Enthusiast · 19 February 2025

What they do

BigBasket is an online grocery delivery platform owned by Tata Sons

Tata Sons wants BigBasket to raise up to $1 billion from external investors to stage a comeback

The company has fallen behind rivals Blinkit, Zepto, and Swiggy Instamart in the quick commerce boom

Tata Sons expressed dissatisfaction with BigBasket's slow growth during the quick commerce boom.
Tata Sons called it a strategic error that caused BigBasket to fall behind Blinkit, Zepto, and Swiggy Instamart.
Tata Sons indicated BigBasket should raise up to $1 billion from external investors.
Bankers recently held meetings to plan the proposed $1 billion funding round.
Tata Sons is not eager to lead the round and has pushed for onboarding another financial investor.
The idea is to onboard a large financial investor independently in BigBasket, not at Tata Neu level.
Tatas and other existing investors would put in the rest of the capital.
The funding could lead to an independent IPO (initial public offering) for BigBasket.

Quick commerce firms continue to snatch away market share despite recording cash burns.
Blinkit has 41% market share in quick commerce, Swiggy Instamart has 23%, and Zepto is ahead of Swiggy Instamart.
BigBasket has trailed behind these competitors.

BigBasket is an online grocery delivery platform owned by Tata Sons.
It operates in the quick commerce space, delivering groceries and other items to customers.

BigBasket plans to roll out its own quick food delivery service in 2025 to compete with Swiggy Bolt, Zepto Café, and Blinkit Bistro.
BigBasket will expand to over 30,000 items across all Tier 1 cities.
BigBasket will launch pharma deliveries with Tata 1mg.
BigBasket will roll out food delivery of your favourite foods.

Tata Sons (existing) — Tata Sons is the holding company of the Tata Group and the current owner of BigBasket.