Grocery leader BigBasket plans IPO within 2 years as business flourishes.

BigBasket plans to go public within the next 18 to 24 months, according to its CEO, as the Tata Group-backed grocery giant looks to capitalize on the growing demand for rapid online deliveries, ranging from fruits to Apple iPhones.

The company is on track to double its business year-on-year by March 2026 and expand to around 70 Indian cities from the current 35 over the next year, CEO Hari Menon shared with Reuters at a retail summit in Mumbai. While he refrained from sharing specific investment plans, BigBasket's IPO plans come at a time when the quick commerce sector in India is experiencing rapid growth. Competitors like Swiggy's Instamart and Zomato's Blinkit are also vying for a share of the fast-growing demand for 10-minute deliveries in urban areas. Menon emphasized that expanding BigBasket’s product range to include electronics, pharmaceuticals, and fashion would be key, as quick commerce now accounts for about 80% of the company's revenue. Additionally, BigBasket plans to introduce quick food deliveries, competing with services like Zomato's "Bistro," Swiggy's "Bolt," and Zepto's "Zepto Cafe."

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