Founded in 2011, BigBasket operates an inventory-led online grocery model, managing its own dark stores and delivery fleet while selling a broad catalogue that includes extensive private-label offerings. In August 2024 the company fully shifted its strategy to quick commerce, making 10-minute delivery its core value proposition. Tata Digital acquired a controlling stake in May 2021, and the business has cumulatively raised more than US$1 billion from backers such as Mirae Asset, British International Investments and Bessemer Venture Partners. Despite its scale, BigBasket’s consumer-facing arm, Innovative Retail, reported flat revenue of Rs 7,673 crore for FY 2025 while losses widened to Rs 1,850 crore, underscoring the capital-intensive nature of rapid delivery. The new funds will help expand and maintain additional dark stores, a critical infrastructure component for its 10-minute promise. Management also plans to allocate a portion of proceeds to general corporate purposes as it seeks to stabilise unit economics. Overall, BigBasket remains one of India’s most heavily funded grocery platforms but continues to prioritize growth over profitability.

Total raised

$698M

Funding rounds

10

Latest round

Debt Financing

Latest activity

Nov 2025