Tata’s Bigbasket Eyes IPO by 2025 After $200 Million Funding
- E-commerce firm to push fast delivery, expand India presence
- Bigbasket’s latest fundraising values firm at $3.2 billion
A worker checks orders at a BigBasket warehouse in Noida, Uttar Pradesh, India.
Photographer: Prashanth Vishwanathan/BloombergThis article is for subscribers only.
Tata Group’s Bigbasket may list its shares within three years after the latest capital raising valued India’s largest online grocer at $3.2 billion.
The profitable e-commerce firm, which is expanding its pan-India reach and generates about $1.4 billion in annual revenue, may choose to launch an initial public offering in 24 to 36 months, Chief Financial Officer Vipul Parekh said in an interview Wednesday at the company’s headquarters in Bengaluru. The firm, which this week announced it had raised $200 million, is open to receiving more private capital before it lists, he added.