Friday, 24 March, 2023

BigBasket's valuation might reach $4-5B as sales rise

<p>Following a $2.7B secondary share offering earlier this year, the valuation of e-grocer BigBasket has surged. Existing investors, including Tata Digital and others, value the company at $4 to $5B based on total sales and predicted annual growth in the coming years. The company&#39;s expansion ambitions were discussed at BigBasket&#39;s previous board meeting in February. BigBasket feeds millions of Indians every day and was very important during the pandemic lockdowns.</p>