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Indian grocery giant BIGBASKET EYES IPO in two years due to business boom

MONews
2 Min Read
TATA Group Supported groceries are planning to use the rapid demand for quick online provisions for everything from fruits to Apple iPhone, and the BIGBASKET in India will be released for the next 18 to 24 months, the CEO said.

The company will doubles the project by March 2026 and will expand from 35 to 70 Indian cities next year, Hari Menon told Reuters about Mumbai’s side job. He did not explain the investment plan in detail.

In the domestic Quick Commerce industry, Bigbasket’s Indian listing plans are increasing two -digit in order to make the best use of the red demand for 10 -minute shipping in the city metro with competitors such as SWIGGY’s Instamart and ZOMATO’s Blinkit Racing.

ZOMATO and recently listed SWIGGY are also increasing investment in increasing products, opening more warehouses, and market share because the Quick Commerce industry ignores the country’s extensive economic slowdown.

Menon, which is expanding various products, including electronics, medicines and fashion categories, said, “I think there are a variety of products.

Quick Commerce accounts for about 80%of Bigbasket’s revenue, he said. Menon is expected to start a fast food delivery company with a large number of TATA Sons, and Menon does not set up a timeline, but baked the company against other 10 -minute food services such as ZOMATO’s “BISTRO”, Swiggy’s “BOLT” and ZEPTO’s “Zepto Cafe” Said the movement.

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