BigBasket's Recipe for Success: IPO on the Menu

India's largest online supermarket platform, BigBasket, is preparing for an initial public offering (IPO) in the next 18 to 24 months, according to CEO Hari Menon. The Tata Group-backed firm plans to double its business every year by March 2026, growing from 35 to about 70 Indian cities in the next year. BigBasket's topline is expected to touch ₹12,000 crore for FY25, with hopes of ending FY26 at ₹15,000-15,500 crore. The company is expanding into electronics, pharma, and fashion, with quick commerce contributing approximately 80% of its revenue now. BigBasket is also gearing up to launch quick food deliveries, setting itself up to directly compete with Zomato's "Bistro," Swiggy's "Bolt," and Zepto's "Zepto Cafe" in the fast-growing 10-minute delivery segment.
Sources: Financial Express, CNBC-TV18