F&B

Laxman Narasimhan officially takes over as Starbucks CEO

Swiggy offers olive branch to new restaurants

NIC Icecream now open in Lajpat Nagar, Delhi

Wow! Eats is the new QSR format

Dominos Bangalore to deliver in 20mins

Coffee, Tea & Food prices to go up

E-Commerce

Flipkart spent Rs. 15,020 Cr to earn Rs. 10,476 Cr in revenues
E-Commerce

Flipkart spent Rs. 15,020 Cr to earn Rs. 10,476 Cr in revenues

December 15, 2022
Big Basket spent Rs. 1.10 to earn Re. 1 in FY 21-22; Losses climb 4x
E-Commerce

Big Basket spent Rs. 1.10 to earn Re. 1 in FY 21-22; Losses climb 4x

October 11, 2022
Vinod launches 100% Virgin Aluminium Cookware
Indian Ecomm

Vinod launches 100% Virgin Aluminium Cookware

January 21, 2022
Ola! Now get Groceries in 10 mins
E-Commerce

Ola! Now get Groceries in 10 mins

March 13, 2022
No Result
View All Result
Thursday, March 23, 2023
  • Login
Retail Updates
  • FMCG
    • FMCG Food
      • Indian FMCG – Food
      • Regional FMCG – Food
      • StartUps FMCG – Food
      • International FMCG – Food
    • FMCG Non-Food
      • Indian FMCG Non-Food
      • Regional FMCG Non-Food
      • Startups FMCG Non-Food
      • International FMCG Non-Food
  • Fashion
    • Luxury
    • Womens’
    • Menswear
    • Kidswear
    • Innerwear
    • Accessories
      • Cosmetics
      • Eyewear
      • Footwear
      • Leather
      • Personal Care
      • Watches
      • Wearables
  • F&B
    • QSR
    • Traditional
    • Cloud Kitchens
  • E-Commerce
    • Amazon
    • Indian Ecomm
    • Services
  • Malls
    • Mall Chains
    • Standalone Malls
  • International
    • USA
    • Singapore
    • China
    • Middle East
    • SE Asia
    • Europe
    • Oz & Nz
    • SouthAm
  • Specialty Retail
    • Airports
      • AAI Airports
      • PPP Airports
      • International Airports
    • Travel Retail
      • Metro Rail
      • Railways
      • Highways
    • Auto Retail
      • 2W
      • 4W
      • EVs
      • Fuel Retail
    • Beauty Services
    • Liquor
    • CDIT
    • Grocery Retail
    • Pets & more
    • Home Improvement
  • Entertainment
    • Cinemas
    • Multiplex
    • OTT Platforms
    • Theme Parks
    • Others
  • Retail Tech
    • Digital
    • Retail AI
    • PoS S/w
    • Payments
    • Credit Cards
    • Crypto
    • Tech Delivery
  • Cities
  • Corporates
    • Industry Info
    • Movements
      • People
    • Global
      • Apple
      • Nestle
      • Walmart
      • Starbucks
      • Shell
    • Indian
      • Aditya Birla
      • Arvind Fashions
      • Future Group
      • Reliance
      • Tata Group
      • Shoppers Stop
      • ITC
      • HUL
      • Marico
      • Britannia
      • Dabur
      • Patanjali
      • Reckitt
      • Colgate
    • Listed Cos.
  • Opinions
    • Blogs
    • Videos
    • Interviews
    • Lockdown Impact
    • Editor’s Note
Retail Updates
No Result
View All Result
Big Basket spent Rs. 1.10 to earn Re. 1 in FY 21-22; Losses climb 4x

Big Basket spent Rs. 1.10 to earn Re. 1 in FY 21-22; Losses climb 4x

by Editor
October 11, 2022
in E-Commerce, Tata Group
Reading Time: 2 mins read
0

Ever since the lockdown began on 26 Mar. ‘20 across India following the ongoing Covid-19 pandemic, there has been a dramatic shift in the way India shops, especially filling the kitchen and pantry. Not only were Indians getting used to shopping from home, there has been a huge leap in the digital ordering process of groceries. Many start-ups have built their businesses during this period. The biggies such as Amazon, Flipkart & Big basket on the other hand just got their businesses more refined, sharper and focussed. Last mile delivery platform Dunzo, which had just commenced operations a year before the pandemic fully spread, has scaled massively to become a leading player in the hyperlocal delivery business. BlinkIt, formerly Grofers, joined hands with Zomato while Swiggy has gone ahead to build a strong backend through InstaMart. Zepto, the youngest and latest kid in the block has redefined Quick-Commerce by offering deliveries in 20mins or less.

Big Basket, the pioneer in Grocery delivery began its journey in 2012 in Bangalore. Over the years, the company faced a number of challenges and eventually was acquired in 2021 by the Tata Group at a valuation of USD 2 Bn, giving away a majority stake to the powerhouse. Tatas already run Star Bazaar, an offline grocery retail hypermarket chain along with other retail verticals in fashion, electronics, etc.

YOU MAY ALSO LIKE

Shaya by Caratlane opens at Bangalore

Tata Tea launches Street Chais of India

For FY 21-22, Big Basket grew its revenues 17% over the previous year to reach Rs. 7,098 Cr while its expenses grew 26% to Rs. 7,931 Cr. Though the company raised Rs. 173 crores of advertising revenues through placing Ads in its app, it’s biggest expenditure was cost of goods which was Rs. 5,807 Cr. To compete with the Q-commerce companies, the company launched BB-Now by which it could deliver goods in 20 mins while it already had another model called bb Express which was a same-day delivery platform. Its original business model was inventory-led with deliveries run through a smart algorithm program which clubbed orders in the same pin code or their vicinity on the same day or next.

Tata NEU is the super-app which the group has launched where all its verticals participate. Users win Neu coins which is akin to a loyalty program and one can use these coins against future purchases. It is to be noted that the Tatas acquired India’s oldest serving airline, Air India, which was originally founded by the group patriarch JRD Tata. Other than this, the company also operates Air Vistara in association with Singapore Airlines and has a strategic partnership with Air Asia. From salt to steel to grocery to aviation, Tatas are having access to the way millions of Indians consume – everything from the kitchen to 35,000 ft above sea level. It would be interesting to see how Big Basket gets merged with the other entities and becomes a success story, just the way the group has built various business over the past several decades.

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Tumblr (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Pocket (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Skype (Opens in new window)
  • Click to email a link to a friend (Opens in new window)

Like this:

Like Loading...

Related

Tags: bigbasketecommerceFMCGgroceryretailTATA
ShareTweetShare

Related Posts

Shaya by Caratlane opens at Bangalore
Jewellery

Shaya by Caratlane opens at Bangalore

March 16, 2023
Tata Tea launches Street Chais of India
Indian FMCG - Food

Tata Tea launches Street Chais of India

March 16, 2023
Starbucks opens at Bangalore Airport
Airports

Starbucks opens at Bangalore Airport

December 16, 2022
Flipkart spent Rs. 15,020 Cr to earn Rs. 10,476 Cr in revenues
E-Commerce

Flipkart spent Rs. 15,020 Cr to earn Rs. 10,476 Cr in revenues

December 15, 2022
Starbucks opens 300th cafe in India, 6,000th in China
F&B

Starbucks opens 300th cafe in India, 6,000th in China

October 11, 2022

Specialty Retail

Shaya by Caratlane opens at Bangalore
Jewellery

Shaya by Caratlane opens at Bangalore

by Editor
March 16, 2023
0

Caratlane has opened a new store for its new silver wear jewellery brand Shaya

Read more
Promate enters offline retail with Sangeetha Mobiles

Promate enters offline retail with Sangeetha Mobiles

March 16, 2023
Toys“R”Us opens offline store in India

Toys“R”Us opens offline store in India

March 16, 2023
Bob Marley Cannabis Retail now open

Bob Marley Cannabis Retail now open

March 9, 2023
Scotland exports £6 Bn worth Scotch in 2022

Scotland exports £6 Bn worth Scotch in 2022

March 9, 2023

FMCG & Grocery

Tata Tea launches Street Chais of India

D2C brand Sid’s Farm launches Lassi

Flipkart spent Rs. 15,020 Cr to earn Rs. 10,476 Cr in revenues

Big Basket spent Rs. 1.10 to earn Re. 1 in FY 21-22; Losses climb 4x

Daawat celebrates World Biriyani Day

Entertainment

PVR opens at Chennai Airport
Entertainment

PVR opens at Chennai Airport

by Editor
March 9, 2023
0

Airport privatisation process began in 2004 during the UPA rule when the former Prime Minister of India Shri. Manmohan Singh...

Read more
PVR Cinemas admits reduce in Q3 compared with 2019

PVR Cinemas admits reduce in Q3 compared with 2019

March 9, 2023
PVR+INOX to have 1,600 screens by April

PVR+INOX to have 1,600 screens by April

March 9, 2023
Movies, Malls and moolah

Movies, Malls and moolah

May 1, 2022
Disneyland Shanghai locks down 34,000 visitors

Disneyland Shanghai locks down 34,000 visitors

January 6, 2022

Search

No Result
View All Result

Who We are…

Retail Updates strives it’s best to curate the latest in the world of Retailing from across the world and offers insights and analyses.

  • FMCG
    • FMCG Food
      • Indian FMCG – Food
      • Regional FMCG – Food
      • StartUps FMCG – Food
      • International FMCG – Food
    • FMCG Non-Food
      • Indian FMCG Non-Food
      • Regional FMCG Non-Food
      • Startups FMCG Non-Food
      • International FMCG Non-Food
  • Fashion
    • Luxury
    • Womens’
    • Menswear
    • Kidswear
    • Innerwear
    • Accessories
      • Cosmetics
      • Eyewear
      • Footwear
      • Leather
      • Personal Care
      • Watches
      • Wearables
  • F&B
    • QSR
    • Traditional
    • Cloud Kitchens
  • E-Commerce
    • Amazon
    • Indian Ecomm
    • Services
  • Malls
    • Mall Chains
    • Standalone Malls
  • International
    • USA
    • Singapore
    • China
    • Middle East
    • SE Asia
    • Europe
    • Oz & Nz
    • SouthAm
  • Specialty Retail
    • Airports
      • AAI Airports
      • PPP Airports
      • International Airports
    • Travel Retail
      • Metro Rail
      • Railways
      • Highways
    • Auto Retail
      • 2W
      • 4W
      • EVs
      • Fuel Retail
    • Beauty Services
    • Liquor
    • CDIT
    • Grocery Retail
    • Pets & more
    • Home Improvement
  • Entertainment
    • Cinemas
    • Multiplex
    • OTT Platforms
    • Theme Parks
    • Others
  • Retail Tech
    • Digital
    • Retail AI
    • PoS S/w
    • Payments
    • Credit Cards
    • Crypto
    • Tech Delivery
  • Cities
  • Corporates
    • Industry Info
    • Movements
      • People
    • Global
      • Apple
      • Nestle
      • Walmart
      • Starbucks
      • Shell
    • Indian
      • Aditya Birla
      • Arvind Fashions
      • Future Group
      • Reliance
      • Tata Group
      • Shoppers Stop
      • ITC
      • HUL
      • Marico
      • Britannia
      • Dabur
      • Patanjali
      • Reckitt
      • Colgate
    • Listed Cos.
  • Opinions
    • Blogs
    • Videos
    • Interviews
    • Lockdown Impact
    • Editor’s Note

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
%d bloggers like this: