BigBasket raises $200 million from Tata Digital and others, bringing its valuation to $3.2 billion

• ByStartupStory     |    December 21, 2022

BigBasket, an India-based online grocery player owned by conglomerate Tata Sons, has secured $200 million at a valuation of $3.2 billion, according to the platform’s co-founder and CEO, Hari Menon. Following a secondary share offering in March, the e-grocery company was valued at $2.7 billion. Following a secondary share offering in March, the e-grocery company was valued at $2.7 billion.

BigBasket was founded in 2011 from a modest office in Bengaluru by Menon and four other partners, V S Sudhakar, Vipul Parek, Abhinay Choudhari, and V S Ramesh. In 2021, Tata Sons purchased BigBasket through its subsidiary Tata Digital.

BigBasket, which primarily focuses on online grocery, has also moved into rapid commerce via BB Now and subscription-based service via BB Daily. Fresho Meats, an instant meat delivery service, and The Beauty Store, an online beauty shop, are also available on the platform. It also provides offline grocery services through Fresho Stores. The company also intends to include the “lower average order value.”

BigBasket, which focuses largely on online grocery, was a late entrant in the quick-commerce area, with Zepto, Zomato’s Blinkit, and Swiggy Instamart accounting for 80% of the overall market.

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