Funding · Commerce & Consumer Brands

BigBasket raises ₹200 crore debt from DBS Bank

By Startup Enthusiast · 20 November 2025

What they do

BigBasket runs an inventory-led online grocery model with dark stores and private labels

It raised ₹200 crore via NCDs from DBS Bank at 8.2% annual interest for 18 months

The company fully pivoted to quick commerce in August 2024 and now focuses on 10-minute delivery

BigBasket's B2C unit Innovative Retail Concepts raised ₹200 crore in debt from DBS Bank.
The debt is in the form of 20,000 NCDs (non-convertible debentures, a type of loan instrument) at ₹1,00,000 each.
The NCDs have an 18-month tenure and carry 8.2% annual interest.
The funds will be used to set up and maintain dark stores (small warehouses for quick delivery) and for general corporate purposes.
This is BigBasket's first major capital injection in nearly three years.
The company had previously raised $200 million from Tata Digital in December 2022.
BigBasket fully pivoted to quick commerce in August 2024, making 10-minute delivery its primary focus.

BigBasket's quick commerce service BB Now competes in a market where the top three players (Blinkit, Zepto, Instamart) hold 80-85% share.
Competitors have raised large rounds recently: Zepto closed $450 million in October 2025, and Zomato raised ₹8,500 crore via QIP to support Blinkit.
Tata Group, which owns over 65% of BigBasket, had reportedly started raising $1 billion external funding for the company in April 2025.
BigBasket's FY25 B2C revenue fell 3% to ₹7,673 crore, while losses widened to ₹1,851 crore from ₹1,267 crore the previous year.

BigBasket operates an inventory-led online grocery model with its own dark stores and delivery network.
It offers private labels and has a quick commerce service called BB Now that promises 10-minute delivery.
The company plans to expand into multi-category rapid delivery beyond groceries, including electronics, beauty, pharmacy, and other Tata ecosystem offerings.
BigBasket has raised over $1 billion in total funding to date.

The company plans to use the debt to set up and maintain dark stores and for general corporate purposes.
It aims to expand into multi-category rapid delivery beyond groceries, including electronics, beauty, pharmacy, and other Tata ecosystem offerings.

DBS Bank (lead) — Singapore-based bank providing debt financing.
Tata Group (existing) — Majority owner with over 65% stake, acquired in May 2021.
Mirae Asset VC (existing)
CDC Group (now British International Investment) (existing)
Bessemer Venture Partners (existing)