CEO Hari Menon told Reuters next to the retail summit in Mumbai that the company is on the way to double its business by March 2026 and is currently expanding to 35 to 70 Indian cities next year. He stopped giving details of any investment plans.
Bigbasket plans for its list come in India as the domestic fast commerce industry sees more double-digit sales growth with competitors such as Swiggy Instamart and Zomato’s Blinkit Racing to demand the highest red-hot of 10 minutes of delivery in the urban quarter.
Zomato and recently listed Swiggy are also increasing their investments to increase the warehouses and win market shares, as the rapid commerce industry observes the widespread economic downturn in the country.
Mane said, “In my view, rice is a play,” whose Pay FirM is expanding its range of products to include electronics, pharmaceuticals and fashion categories.
Bigbasket makes up to 80% of the revenue, he said.
The grocery delivery pay FIRM, which has a majority of Tata Sons, is ready to roll fast food delivery, without Men’s timeline, a move that had a company that was like Zomato’s “Bistro”, Swiggie’s “Bolt” and Zepato “Zepto”.
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