Wednesday, 20 April 2022

BigBasket eyes 30% rise in GMV to Rs 13,000 crore this fiscal

 

BigBasket co-founder and CEO Hari Menon said that the company will significantly scale up offline stores from 90 to 695 in a year to reach out to 100 per cent of its customer base.


Online grocery seller BigBasket on Wednesday said it expects gross merchandise value on its platform to grow by 30 per cent to Rs 13,000 crore in the current fiscal with push from its quick commerce business and expansion of presence across the country.

BigBasket co-founder and CEO Hari Menon said that the company will significantly scale up offline stores from 90 to 695 in a year to reach out to 100 per cent of its customer base.

"The expected GMV (Gross Merchandise Value) for financial year 2022-23 is Rs 13,000 crore," Menon said.

The Tata group firm has recorded GMV of around Rs 10,000 crore in 2021-22.

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