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BigBasket Files Draft Prospectus for ₹2,800 Crore IPO to Boost Quick-Commerce Operations
BigBasket filed for ₹2,800 crore IPO to fund tech upgrades and quick-commerce expansion after posting ₹12,650 crore FY25 revenue.
Online grocery platform BigBasket filed its draft red herring prospectus with SEBI to raise ₹2,800 crore through a mix of fresh issue and offer-for-sale components. The Tata-backed company plans to allocate ₹1,200 crore toward warehouse automation and last-mile delivery technology. The firm reported ₹12,650 crore revenue for FY25, up 33 percent year-on-year, narrowing losses to ₹420 crore.
Management said the IPO proceeds will also fund the company’s private-label expansion and quick-commerce rollout under BB Now across top Indian cities.