BigBasket, the Tata Group-backed online grocery platform, is preparing for an initial public offering (IPO) within the next 18 to 24 months. CEO Hari Menon revealed that the company is capitalizing on the rising demand for fast online deliveries, catering to a diverse range of products—from fresh groceries to premium gadgets like Apple iPhones.
Aggressive Growth Plans
BigBasket is on an ambitious expansion path, aiming to double its business year-over-year by March 2026. Currently operating in 35 cities, the company plans to scale up to 70 cities within the next year. While Menon did not disclose specific investment figures, the expansion aligns with BigBasket’s broader strategy of increasing its market presence.
Tapping Into Quick Commerce Boom
BigBasket’s IPO plans come at a time when India’s quick commerce sector is witnessing explosive growth. Competing with Swiggy’s Instamart and Zomato’s Blinkit, the company is looking to strengthen its position in the rapidly expanding 10-minute delivery segment, which has become one of the most lucrative niches in e-commerce.
Diversifying Into Quick Food Delivery
Beyond grocery deliveries, BigBasket is set to enter the quick food delivery space. This strategic move is designed to attract a wider customer base and reinforce its foothold in the fast-paced urban delivery market.
Strong Backing from Tata Group
With Tata Sons holding a majority stake, BigBasket enjoys the credibility and financial support needed to thrive in the competitive e-commerce landscape. The planned IPO is part of Tata’s broader push into the digital commerce sector, positioning BigBasket for long-term success.
BigBasket’s upcoming public listing, aggressive expansion, and entry into new delivery segments highlight its ambition to lead India’s evolving quick commerce industry.