Is BigBasket making profit?

BigBasket, now owned by the Tata Group, posted a 26.18\% rise in losses to Rs 709.98 crore as total expenses increased by 31.08\% y-o-y to Rs 4,411.39 crore. Advertising and promotional costs declined by about 22\% but remained elevated at Rs 148.07 crore.

What is the future of BigBasket?

BigBasket has strong plans of retaining its post as the largest grocery delivery platform in India. So, the plan is to set up warehouses in all the 26 operating cities of India to bring down the delivery time to 3 hours. By 2022, the plan is to grow to 60,000 SKUs and double the farmer base to 5,000.

Is big basket in loss?

The business was surely affected by the Covid-induced lockdown in the first quarter of fiscal year 2021 (FY21), but was flourishing the rest of the year. Yet, its revenue dipped 7\% to ₹2,481 crore and losses widened to ₹163.8 crore.

Is BigBasket a good company?

Big Basket Company was good. When customers used to go to work in the company, in the big basket, the customer had to give more goods, picking up from the company and talking to them at the customer’s house is good.

Why did Tata acquired BigBasket?

The acquisition of BigBasket is part of Tata Group’s strategy to build a digital consumer ecosystem. The salt-to-software conglomerate is making inroads in new-age digital markets such as online pharmacy and online fitness, according to reports.

How do I become a BigBasket vendor?

If you want to become bigbasket Partner or seller by getting a big basket dealership, or open a big basket franchise, in that case, you have to provide all necessary information to IRCPL. Else your registration will not be well-thought-out for completion. Then you have to wait for long or your registration may end up.

How bigbasket became India’s largest supermarket?

Bigbasket is one of those successful start-ups that became India’s largest supermarket within a few years. Though the founders of Bigbasket started their start-up journey around the time of the market crash in 2000, they were able to establish as one of the leading online grocery stores.

How did bigbasket start its business?

Though the founders of Bigbasket started their start-up journey around the time of the market crash in 2000, they were able to establish as one of the leading online grocery stores. Conventionally, when we hear about recent start-ups, we think of young minds with brimming enthusiasm in the business field.

What can we learn from bigbasket?

BigBasket is a perfect example of how proper planning, fantastic business plans, determination, patience, and willingness to work can take you from bottom to top. BigBasket tried its best, did all the right things in the right place, and established itself as a household name.

What is bigbasket app?

BigBasket is an extremely popular Indian online grocery shopping app or delivery service. This colossal company essentially delivers grocery goods available in shopping/grocery stores, household essentials, and food supplies to its customers. BigBasket was founded back in December 2011.