BigBasket, the Tata Group-backed online grocery giant, is planning to go public within the next 18 to 24 months, CEO Hari Menon confirmed on the sidelines of a retail summit in Mumbai. The timing aligns with BigBasket’s aggressive growth trajectory and rising demand for quick-commerce services.Reuters
Key Highlights
| Metric / Initiative | Details |
|---|---|
| IPO Timeline | Targeted within 18–24 months, positioning the IPO around 2026–2027. |
| Revenue & Reach Goals | Aiming to double business year-on-year by March 2026 and expand presence from 35 to ~70 cities. |
| Quick-Commerce Dominance | Quick commerce accounts for ~80% of revenue, with plans to launch 10-minute food delivery. |
| Expansion Strategy | Scaling dark store network to support services like BB Now and instant food. |
Why It Matters
- Market Positioning: As quick-commerce continues its explosive growth, BigBasket is positioning itself to capitalize with deep city-level expansion and an aggressive product diversification strategy.
- Investor Confidence: By setting clear financial targets—doubling revenue and achieving profitability ahead of IPO—BigBasket signals an attractive and sustainable growth story to the investor community.
- Competitive Edge: Entering food delivery and expanding private labels such as electronics, pharmaceuticals, and fashion could help buffer against stiff competition from Instamart, Blinkit, Swiggy, and Zepto.
