Results · Commerce & Consumer Brands
BigBasket's revenue falls as quick commerce lags
By Startup Enthusiast ·
- Date
- Company
- BigBasket
- What it does
- Online grocery and quick commerce
- Kind
- Results
- Stage
- growth
- Based in
- Bengaluru
What they do
BigBasket sells groceries online, now also offers 10-minute delivery through BB Now
What happened
Its B2C revenue fell 3% to Rs 7,673 crore and B2B revenue fell 7% to Rs 2,227 crore in FY25
Why it matters
Losses widened to Rs 1,851 crore, and Tata Group plans to invest $1 billion to catch up in quick commerce
The details
- BigBasket's B2C unit Innovative Retail Concepts reported a 3% drop in revenue to Rs 7,673 crore in FY25.
- Its B2B unit Supermarket Grocery Supplies saw revenue fall 7% to Rs 2,227 crore.
- Losses at Innovative Retail Concepts widened to Rs 1,851 crore, up from Rs 1,267 crore in FY24.
- BigBasket has moved from slotted grocery delivery to quick commerce through its BB Now 10-minute service.
- The Tata Group bought a majority stake in BigBasket in 2021, buying out Alibaba's entire stake at a valuation of $1.5-2 billion.
- Tata Group plans to raise $1.3 billion external capital for BigBasket and 1mg, with $1 billion earmarked for BigBasket.
- Tata Sons expressed displeasure over BigBasket lagging in quick commerce as competitors gain share.
The bigger picture
- The top three quick commerce players — Blinkit, Zepto, Instamart — hold 80-85% market share, leaving little room for BigBasket.
- BigBasket was last valued at $3.2 billion in December 2022 after a $200 million raise from Tata Digital.
- BigBasket piloted 10-minute food delivery in June, offering items from Starbucks India and Qmin (Tata Group's Indian Hotels Company platform).
About the business
- BigBasket is an online grocery platform based in Bengaluru.
- It operates both B2C (Innovative Retail Concepts) and B2B (Supermarket Grocery Supplies) units.
- It has transitioned from slotted delivery to quick commerce via its BB Now service.
- BigBasket also piloted 10-minute food delivery in June, partnering with Starbucks India and Qmin.
What happens next
- Tata Group plans to raise $1.3 billion external capital for BigBasket and 1mg, with $1 billion for BigBasket.
- BigBasket is piloting 10-minute food delivery in partnership with Starbucks India and Qmin.
Investors
- Tata Group (majority owner) — Owns over 65% of BigBasket.
- Mirae Asset VC (participated)
- CDC Group (participated) — UK-based development finance institution.
More on BigBasket
- BigBasket co-founder Hari Menon retires30 September 2026 · People
- BigBasket FY26 loss widens 59% to Rs 3,192 crore22 September 2026 · Results
- Karnataka suspends BigBasket food licence over datura listings25 August 2026 · Policy
- BigBasket losses jump 66% in FY2628 July 2026 · Results
- BigBasket weekly active users hit 22.4 million9 July 2026 · Results
- BigBasket launches bbinstant smart stores in Kolkata22 June 2026 · Launch
- BigBasket names Amit Nanda CEO as Menon steps down16 June 2026 · People
- BigBasket cofounders step down as ex-Amazon exec takes over16 June 2026 · Roundup