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Shutdown · Commerce & Consumer Brands

BigBasket shuts Fresho offline stores to focus on quick commerce

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BigBasket logo
Date
Company
BigBasket
What it does
Online grocery delivery platform
Kind
Shutdown
Stage
growth
Sector
Commerce & Consumer Brands

What they do

BigBasket is an online grocery platform that also ran Fresho, a chain of physical grocery stores

What happened

It is shutting down all Fresho offline stores to concentrate on scaling its quick commerce operations

Why it matters

The move comes as BigBasket expands its dark store network from 400 to 700 by FY26-end

The details

  • BigBasket is shutting down its Fresho offline stores across multiple cities.
  • Fresho was launched in 2021 as BigBasket's physical grocery retail format.
  • At its peak, Fresho operated close to 200 outlets nationwide.
  • The company had initially planned to scale Fresho to nearly 800 outlets across India.
  • BigBasket has pivoted to quick commerce and exited its slotted delivery model.
  • The decision to shutter Fresho stores is to focus on scaling quick deliveries.
  • In June 2025, BigBasket began piloting a 10-minute food delivery service offering items from Starbucks India and Qmin.

The bigger picture

  • BigBasket's B2C arm saw its turnover drop 3% to ₹7,673 crore in FY25.
  • Its losses widened to ₹1,851 crore in FY25 from ₹1,267 crore in FY24.
  • Competitors like Blinkit and Instamart are growing rapidly in quick commerce.
  • BigBasket is expanding its dark store network from 400 to 700 by FY26-end.

About the business

  • Fresho sold fresh fruits, vegetables and other grocery essentials from BigBasket's online catalogue.
  • Each Fresho store employed around six to seven people (unverified).
  • BigBasket competes against Blinkit, Swiggy Instamart, Zepto, Flipkart Minutes and Amazon.
  • BigBasket's B2C arm Innovative Retail Concepts had a turnover of ₹7,673 crore in FY25.
  • BigBasket's B2B unit Supermarket Grocery Supplies had revenue of ₹2,227 crore in FY25.

What happens next

  • BigBasket is expanding its dark store network from 400 to 700 by FY26-end.
  • The company is piloting a 10-minute food delivery service with Starbucks India and Qmin.

The deal

Type
shutdown

Investors

  • Tata Sons (existing) — Owns over 65% of BigBasket.
  • Mirae Asset VC (existing) — One of the backers of BigBasket.
  • CDC Group (existing) — One of the backers of BigBasket.

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