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Results · Commerce & Consumer Brands

Bigbasket reports FY20 revenue of Rs 3,822 crore

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Date
Company
BigBasket
What it does
Online grocery platform
Kind
Results
Sector
Commerce & Consumer Brands

What they do

Bigbasket is an online grocery platform operating across 26 cities

What happened

It reported FY20 revenue of Rs 3,822 crore, up 36% from FY19, with a net loss of Rs 611 crore

Why it matters

The company is in early talks to sell a 51% stake to the Tata Group

The details

  • Bigbasket reported FY20 revenue of Rs 3,822 crore, a 36% increase from FY19.
  • Its net loss for FY20 was Rs 611 crore, up from Rs 572 crore in FY19.
  • Operating income in FY20 was Rs 3,794 crore, up 27% from Rs 2,754 crore in FY19.
  • Total expenses in FY20 were Rs 4,433 crore, up 25% from Rs 3,376 crore in FY19.
  • In FY19, revenue was Rs 2,754 crore, a 74% jump from Rs 1,583 crore in FY18.
  • The company is in early development stage to sell a 51% stake to the Tata Group.

The bigger picture

  • Bigbasket is the market leader in India's online grocery segment.
  • Its customer reach grew 84% compared to pre-COVID levels.
  • Customer retention rate improved to 50%, up from 30%-45% earlier.

About the business

  • Bigbasket operates as Supermarket Grocery Supplies, an online grocery platform.
  • It serves 6+ million customers across 26 cities.
  • It lists 40,000+ products from 1,000+ brands.

What happens next

  • Bigbasket is in early talks to sell a 51% stake to the Tata Group.

Founders

  • Hari Menon, founder
  • Vipul Parekh, founder
  • VS Ramesh, founder
  • VS Sudhakar, founder
  • Abhinay Choudhari, founder

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