IPO Ambitions: Big Basket's Path to Profitability

[{"selector":"#anim-00ccdaa3-80da-4751-8dd7-88af0eee89b4","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

Big Basket, backed by Tata Group, aims to achieve profitability in 6-8 months, paving way for IPO in 2025, as stated by Co-founder & CEO Hari Menon.

[{"selector":"#anim-aa8c7dd0-c97e-49f3-839d-9bf624d0b2a6 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-471ee3f3-eed3-42b7-b8dc-238bdfcc596b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Big Basket's Profitability Goal

Big Basket eyes IPO in 2025, with both primary & secondary share sales anticipated. Tata Group's guidance will be instrumental in navigating this strategic move, according to CEO Hari Menon.

[{"selector":"#anim-a22d88b1-e324-4d7e-b7ae-ce8dcd1ec635 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0.0061332464714133495%, -0.3829629818107654%) scale(1.4464285714285714)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-8ab997ca-1ffc-4bab-b049-04dc403623eb","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] IPO Plans in Pipeline Upcoming IPOs

[{"selector":"#anim-8c770a24-f58e-4bde-aa5e-5809a1aa39dc [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(9.267948727305653e-15%, -8.794146659194824e-7%) scale(1.434782608695652)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-5f17c096-4a20-4dc5-b740-afe41340b7e7","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Investment Strategy for Growth Emphasizing need for capital, Big Basket plans to source ongoing investments from Tata Group. These investments are directed towards technology, marketing, & human resources to drive growth.

[{"selector":"#anim-c8a8b8e1-24bb-424c-8fa9-d550e82ea4a2","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Big Basket targets revenue growth of 30-35% in FY24, aiming for top line of ₹ 12,000 cr. Initiatives like 'BB Now' promise delivery within 10 minutes, contributing to revenue diversification. Revenue Growth & Expansion

[{"selector":"#anim-83f24e4b-263e-42dc-82bc-4060241c475c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-a0b8f9af-6a1e-428a-b33a-b04fcf37c894","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] With over 70% of revenue from its slotted business, Big Basket remains focused on kitchen-related offerings. Despite experimentation with offline presence, company maintains its commitment to grocery retailing under Tata Group's strategic vision. Commitment to Grocery Retailing

Check out more 5paisa webstories

[{"selector":"#anim-139b1a58-a2e0-4628-abfa-cb8958865044","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c0a37b31-3383-4e44-a931-f673ec39970a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-71559e9a-7239-4bbd-82f4-d4e9f70f5a38","keyframes":{"transform":["translate3d(0px, 453.05562%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] More Web-Stories

[{"selector":"#anim-a60bb754-9a05-4c48-9e9c-3eb5c8aad5df","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3bcf77ba-6097-428e-b7c6-71877af6c8fa","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fc49b693-25e4-4a89-9f92-704fda8bf1e5","keyframes":{"transform":["translate3d(-120.06472%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Swipe up to Open Demat Account Click Here - Open Demat Account

IPO Ambitions: Big Basket's Path to Profitability

Published : 06 March 2024

Big Basket, backed by Tata Group, aims to achieve profitability in 6-8 months, paving way for IPO in 2025, as stated by Co-founder & CEO Hari Menon.

Big Basket eyes IPO in 2025, with both primary & secondary share sales anticipated. Tata Group's guidance will be instrumental in navigating this strategic move, according to CEO Hari Menon.

Check out more 5paisa webstories

Swipe up