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Company Law Report
Company Law Report
Company Law Report
Company profile
In March 2019, BigBasket raised US$150 million in investment from Mirae Asset, Alibaba
Group and CDC Group giving the company a valuation of over US$1 billion.
In March 2020, they acquired micro-delivery firm, DailyNinja. As of June 2020, it was reported
that BigBasket had hit the annualized gross sale run rate of US$1 billion and began selling about
18,000 products from over 300,000 orders received daily.
In February 2021, the Tata Group acquired a 64.3% stake in BigBasket for around ₹9,500
crore (US$1.2 billion).
Big basket offers variety of products ranging from fresh fruits, vegetables, Food grains, oil, masala,
packaged snacks, beverages, household supplies, healthcare products. It has more than 20000 products
and 1000 brands in its catalo
Area of operations
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Big Basket has made everything easy through its online grocery shopping service.It facilitates the
shopping of grocery products from the comforts of customers’ places. The channelization of Big
Basket works by buying vegetables, farm products, fruits and meats and manages these stocks
in a warehouse.
The company will significantly scale up offline stores from 90 to 695 in a year to reach out to 100
per cent of its customer base. ‘’The expected GMV (Gross Merchandise Value) for financial year
2022-23 is Rs 13,000 crore,’’
Warehouse
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Conclusion
Bigbasket had originally planned to expand to 50 cities in total but has now scaled that back to the 25
it currently operates in. “Their expansion has stopped now. They are now not going to expand
anymore for some time to come. Now, their whole thing is to go deep into these cities and start
making each city work well.
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