“Right now, I am not fussed about doing an IPO. That is not what we are building the business for. Nobody is building a business to do an IPO. So that is what it is. I think from March 2025 to March 2026, we will grow 100%. We will double our business,” he said.
Addressing fundraising reports, Menon denied any need for external capital and dismissed concerns about growth from the Tata Group, which owns a majority stake in BigBasket.
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“There is no concern that Tatas have, and I am being very open and upfront about it. And all the data was not correct,” he clarified.
Menon projects BigBasket’s revenue to reach around ₹12,000 crore for 2024-25 (FY25), with a run rate of ₹14,500 crore. The company expects to close 2025-26 (FY26) with ₹15,000-15,500 crore in revenue.
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The company is expanding into new categories, including electronics, luxury and fashion, and pharmaceuticals, through partnerships with Croma, Tata Cliq, and 1mg.
For the entire interview, watch the accompanying video
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