IPO · Commerce & Consumer Brands

BigBasket plans IPO in 18 to 24 months

By Startup Enthusiast · 28 February 2025

What they do

BigBasket is an Indian online grocery and quick commerce platform backed by the Tata Group

CEO Hari Menon announced at a retail summit in Mumbai that the company plans to go public in 18 to 24 months

The company is expanding to 70 cities and targeting $3 billion in annual revenue by the time of the IPO

BigBasket plans to go public in 18 to 24 months.
CEO Hari Menon announced the IPO plans at a retail summit in Mumbai.
The company is an Indian online grocery and quick commerce platform backed by the Tata Group.
Its quick commerce arm, BB Now, makes up about 80% of BigBasket's revenue.
BigBasket is expanding into electronics, pharmaceuticals, and fashion categories.
It is also planning quick food deliveries, competing with Zomato's Bistro, Swiggy's Bolt, and Zepto's Zepto Cafe.
The company aims to double its business year-on-year by March 2026.

The quick commerce industry in India is seeing high double-digit sales growth, defying the economic slowdown.
BigBasket faces competition from Swiggy's Instamart, Zomato's Blinkit, Reliance's JioMart, Walmart-owned Flipkart, and Zepto.
The company is strengthening its supply chain and private label offerings to boost profitability.
BigBasket targets an EBITDA margin of 4-5% and $3 billion in annual revenue by IPO time.

BigBasket is an Indian online grocery and quick commerce platform.
Its quick commerce arm, BB Now, generates about 80% of the company's revenue.
The company is expanding its product range to include electronics, pharmaceuticals, and fashion.
It plans to offer quick food deliveries, competing with Zomato's Bistro, Swiggy's Bolt, and Zepto's Zepto Cafe.
BigBasket is expanding from 35 to about 70 Indian cities over the next year.

BigBasket plans to go public in 18 to 24 months.
It aims to achieve $3 billion in annual revenue and an EBITDA margin of 4-5% by IPO time.
The company will focus on assortment as a key strategy.
It is strengthening its supply chain and private label offerings to boost profitability.

Tata Sons (majority owner) — Tata Sons, via Tata Digital, acquired BigBasket in 2021.