With plans for a INR 12,000–15,000 crore public issue, Tata-backed BigBasket is preparing to enter the public markets within the next 18–24 months. The company — India’s first large-scale online grocer — is transitioning leadership, scaling 10-minute delivery, and stabilizing finances after widening losses in FY25. Here’s the complete details of BigBasket IPO journey.
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BigBasket IPO Latest News!
BigBasket, operated by Supermarket Grocery Supplies, is gearing up for its first public listing.
Sources indicate a planned IPO launch by late FY26 (Q4 FY26), depending on market conditions and regulatory clearance. The company aims to raise INR 12,000–15,000 crore, partly via fresh issue and partly through an offer for sale (OFS) by Tata Digital.
🕒 BigBasket IPO News
November 2025 – Debt Funding
- BigBasket (Tata Group-owned) raised INR 200 crore (~USD 22.7 million) in debt funding from DBS Bank, Singapore.
- The company issued 20,000 non-convertible debentures (NCDs), each worth INR 1,00,000.
- The NCDs carry an annual coupon rate of 8.2% and mature in 18 months, offering short-term liquidity without equity dilution.
September 2025 — Founders Step Back & Leadership Transition
- Reports indicate that BigBasket’s founders, including CEO Hari Menon, plan to step away from daily operations to take on advisory roles.
- The move aligns with the BigBasket IPO readiness plan, as Tata Group looks to bring in leadership experienced in managing public-listed companies.
- This transition coincides with the completion of Hari Menon’s five-year term post-Tata acquisition.
July 2025 — Rising Losses & Financial Pressure Ahead of IPO
- BigBasket’s consolidated net loss rose 42% YoY to INR 2,006.8 crore in FY25 (from INR 1,415.2 crore in FY24).
- Operating revenue declined 2% to INR 9,866.7 crore (vs INR 10,062 crore FY24).
- The B2C arm (Innovative Retail Concepts) saw turnover drop 3% to INR 7,673 crore and losses widen to INR 1,851 crore. Analysts attribute the losses to the pivot toward quick commerce (BB Now), rising marketing spend and logistics costs.
June 2025 — 10-Minute Food Delivery Plans Announced
- BigBasket announced plans to launch 10-minute food delivery nationwide by March 2026.
- A pilot program launched in Bengaluru, delivering ready-to-eat meals from Tata-affiliated brands like Starbucks and Qmin.
- The company plans to expand its dark store network from ~700 to 1,200 by end-2025 to support ultra-fast delivery.
- Management confirmed that the company is not seeking external funding, relying on Tata’s internal capital to scale and prepare for BigBasket IPO.
BigBasket IPO Date: February 2025 (Plans for Public Listing Reaffirmed)
- BigBasket has publicly announced plans to launch its IPO within the next 18–24 months, targeting a FY26 listing. The BigBasket IPO size is expected to be in the range of INR 12,000 to 15,000 crore, making it one of the most anticipated listings in the Indian startup ecosystem. However, the BigBasket IPO dates and detailed timeline have not yet been officially disclosed.
- BigBasket aims to double its business by March 2026 and expand operations from 35 to 70 cities.
- Roughly 80% of revenues now come from quick commerce, with scheduled deliveries becoming a minor segment.
January 2025 — Strategic Shift & Competitive Pressures
- BigBasket merged its scheduled and express delivery models into a unified 15–30 minute proposition branded as “BB Now.”
- Private labels (Fresho, BB Royal, BB Home) grew to ~30% of total sales, helping margins but increasing working capital needs.
- The company expanded into non-grocery segments (electronics, fashion, pharmacy) to diversify revenue streams.
- Analysts warn that the shift toward speed and discounting diluted BigBasket’s premium bulk-order image.
2023/2022 — Capital Infusion & Growth Phase
- In December 2022, BigBasket raised USD 200 million (~INR 1,775 crore) from Tata Digital and others, valuing the company at USD 3.2 billion (~INR 28,410 crore).
- Funds were used to expand into Tier II & Tier III markets and strengthen the supply chain and dark-store footprint.
28 May 2021 — Tata Digital Acquires Majority Stake
- Tata Digital, a subsidiary of Tata Sons, acquired a 64.3% stake in BigBasket (Supermarket Grocery Supplies).
- Deal value ~INR 9,500 crore (USD 1.3 billion); Alibaba and other early investors exited.
- Approved by the Competition Commission of India (CCI).
- Post-acquisition, BigBasket was integrated into the Tata Neu super-app ecosystem.
2019 – 2020 — Unicorn Milestone & Data Breach
- Achieved unicorn status in 2019, after a funding round led by Alibaba, Mirae Asset and CDC Group.
- In 2020, suffered a data breach impacting ~2 crore user accounts (names, emails, addresses leaked).
2015 – 2018 — Expansion & Alibaba Funding
- 2015: Acquired Delyver to enhance last-mile logistics and delivery efficiency.
- 2018: Raised USD 300 million (~INR 2,663 crore) from Alibaba, valuing the company around USD 950 million (~INR 8,434 crore). Expanded into multiple metros with new warehouses and cold chain facilities.
2011 — BigBasket Founding & Early Operations
- Founded in Bengaluru (2011) as Supermarket Grocery Supplies
- Founding team: Hari Menon, V.S. Sudhakar, V.S. Ramesh, Vipul Parekh, Abhinay Choudhari.
- Began as an online grocery delivery startup serving Bangalore households, building early supplier and cold-chain networks.
Conclusion
BigBasket IPO represents a defining moment in the company’s evolution. Backed by Tata, it aims to turn challenges into opportunity—stabilizing finances, refining leadership, and scaling quick-commerce growth. Despite recent losses, BigBasket’s IPO journey reflects resilience and strategic vision toward becoming India’s leading listed online grocery giant.
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