Big Basket IPO Could Launch in 2025, Says Tata Group Company CEO Hari Menon

Neha Sharma

26 days ago

1 min read

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Tata Group's online grocery company, Big Basket, is planning to launch its IPO in 2025 after achieving profitability, according to CEO Hari Menon.

Tata Group's online grocery company, Big Basket, is aiming to launch its Initial Public Offering (IPO) in 2025, following a move into profitability. Hari Menon, co-founder and CEO, revealed the timeline, indicating that the specifics of the IPO, including the mix of primary and secondary share sales, are being determined in consultation with Tata Group.

Menon anticipates Big Basket, a part of Tata Digital, to achieve profitability within the next 6-8 months, propelled by the growth of its 'BB Now' segment. He noted that pre-IPO capital needs are being addressed by investments from the Tata Group, primarily directed towards technology, marketing, and talent acquisition.

Big Basket is targeting a 30-35% revenue growth in fiscal year 2024, aiming for a revenue of approximately ₹12,000 crore.

The company has also partnered with celebrity chef Sanjeev Kapoor to launch a frozen food brand named 'Precia'.

The IPO plans come as India's primary market sees sustained activity, with companies eager to tap into the stock market to fuel growth.

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