Total amount raised
$1.5 Billion
Latest funding date
12/1/2022
Location
BigBasket has successfully navigated 22 funding rounds, with its latest being a Debt Financing round. The company has attracted investments from notable entities, including DBS Bank and Tata Digital.
Acquired by Tata Group, BigBasket continues to expand its reach and services. Keep reading to explore the intricacies of BigBasket's fundraising journey and the investors backing this innovative platform.
What Is BigBasket?
BigBasket, headquartered in Bangalore, Karnataka, India, is a leading online grocery shopping and supermarket service. The company operates in various industries, including Delivery, E-Commerce, Grocery, Retail, and Shopping.
Founded by a team of entrepreneurs, BigBasket has grown to employ over 10,001 people. It offers a wide range of products, serving millions of customers across more than 300 cities and towns in India. The platform provides both slotted and instant delivery options, ensuring convenience for its users.
How Much Funding Has BigBasket Raised?
- Debt Financing
- Amount Raised: INR 2,000,000,000 (approx. USD 24,000,000)
- Date: November 2025
- Lead Investors: DBS Bank
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen financial stability and support ongoing operations.
- Series Unknown
- Amount Raised: USD 200,000,000
- Date: December 2022
- Lead Investors: Tata Digital
- Valuation at Round: USD 3.2 billion
- Motivation Behind the Round: To expand infrastructure, marketing, and quick commerce product BB Now.
- Series Unknown
- Amount Raised: INR 3,500,000,000 (approx. USD 42,000,000)
- Date: June 2022
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support expansion and operational needs.
- Series Unknown
- Amount Raised: INR 10,000,000,000 (approx. USD 120,000,000)
- Date: April 2022
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance service offerings.
- Series Unknown
- Amount Raised: USD 11,600,000
- Date: July 2021
- Lead Investors: British International Investment
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and improve service delivery.
- Debt Financing
- Amount Raised: USD 51,780,000
- Date: April 2020
- Lead Investors: Alibaba Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance financial stability during the pandemic.
- Convertible Note
- Amount Raised: USD 60,000,000
- Date: April 2020
- Lead Investors: Alibaba Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support business continuity and growth.
- Debt Financing
- Amount Raised: INR 250,000,000 (approx. USD 3,000,000)
- Date: February 2020
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To manage operational expenses.
- Debt Financing
- Amount Raised: INR 1,000,000,000 (approx. USD 12,000,000)
- Date: July 2019
- Lead Investors: Trifecta Capital Advisors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support business expansion and operational needs.
- Series F
- Amount Raised: USD 150,000,000
- Date: May 2019
- Lead Investors: Mirae Asset-Naver Asia Growth Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market presence and enhance service offerings.
Total Amount Raised: USD 674,380,000. Current Valuation: USD 3.2 billion.
Key Investors
- DBS Bank
- Details: DBS Bank is a leading financial services group in Asia, headquartered in Singapore. It has been a key investor in BigBasket, participating in multiple Debt Financing rounds.
- Investment Focus Areas: Financial services, banking solutions, digital banking.
- Notable Investments: BigBasket, Go-Jek, Pine Labs.
- Tata Digital
- Details: Tata Digital is a subsidiary of Tata Group, focusing on digital and e-commerce ventures. It owns a 64% stake in BigBasket and has been a significant investor in the company.
- Investment Focus Areas: Digital services, e-commerce, technology.
- Notable Investments: BigBasket, 1mg, CureFit.
- Mirae Asset
- Details: Mirae Asset is a global financial services group headquartered in South Korea. It is known for its investments in various sectors, including technology and e-commerce.
- Investment Focus Areas: Technology, e-commerce, financial services.
- Notable Investments: BigBasket, Grab, N26.
- British International Investment
- Details: British International Investment is the UK's development finance institution. It invests in businesses to support economic development and job creation in developing countries.
- Investment Focus Areas: Economic development, job creation, sustainable businesses.
- Notable Investments: BigBasket, Zola Electric, M-KOPA.
- Alibaba Group
- Details: Alibaba Group is a Chinese multinational conglomerate specializing in e-commerce, retail, internet, and technology. It has been a key investor in BigBasket, participating in multiple funding rounds.
- Investment Focus Areas: E-commerce, technology, cloud computing.
- Notable Investments: BigBasket, Lazada, Tokopedia.
What's Next for BigBasket?
BigBasket is poised for significant growth, with plans to expand its core grocery business to 75 cities and enhance its quick commerce product, BB Now. The company aims to increase its presence from 55 to 75 cities and cover 100% of its customers with BB Now by adding about 100 more dark stores. This expansion is expected to drive gross sales to $2 billion in the next financial year.
Future fundraising opportunities are likely as BigBasket continues to scale its operations and integrate services like BB Daily and Tata Digital's epharmacy offering 1mg into its main app. The competitive landscape, with players like Swiggy Instamart and Zepto, suggests that additional capital will be essential to maintain market leadership.
However, challenges such as the lower average order value in quick commerce and the industry-wide slowdown in startup funding could pose hurdles. Despite these challenges, BigBasket's strategic focus on expanding its service offerings and market presence positions it well for future success.
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