BigBasket eyes IPO in two years, plans expansion amid quick commerce boom

India’s BigBasket is gearing up for an initial public offering within the next 18 to 24 months, CEO Hari Menon revealed, as the Tata Group-backed grocery platform looks to capitalize on the growing demand for rapid online deliveries—ranging from fresh produce to Apple iPhones.

The company aims to double its business annually by March 2026 and expand its footprint from 35 to around 70 Indian cities within the next year, Menon told Reuters at a retail summit in Mumbai. However, he refrained from disclosing specific investment plans.