BigBasket FY22 revenue up 17% to Rs 7,119 cr, loss widens 4x to Rs 813 cr

BigBasket expects GMV to grow 30% to Rs 13,000 cr in FY23 with quick commerce push; will scale up offline stores from 90 to 695 in a year, will double footprint to 70 cities

Innovative Retail Concepts Private Limited, which operates as an online food and grocery store (popularly known as Bigbasket), reported its revenues for the financial year 2021-22 as Rs 7,119 crore, a 17 per cent increase since the last financial year.

The company further reported a net loss of Rs 813 crore during the same fiscal, showed regulatory documents sourced by business intelligence platform Tofler. This is a 300 per cent increase from the last financial year. The company’s total expenses for the fiscal were reported as Rs 7,932 crore, a 26 per cent increase from Rs 6,292 crore in