F&B

Starbucks India launches subscription plan

Barista Coffee races towards 500 cafes

Starbucks Rewards Day is here

Keventers launches ₹99 range of beverages

Tim Hortons continues India expansion

UAE’s Kulfilicious opens 2nd outlet in India

E-Commerce

FirstCry opens 8,000 sft store – largest in India
Babycare

FirstCry opens 8,000 sft store – largest in India

April 1, 2023
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
No Result
View All Result
Thursday, September 28, 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
    • Innerwear
    • Accessories
      • Cosmetics
      • Eyewear
      • Footwear
      • Leather
      • Personal Care
      • Watches
      • Wearables
  • F&B
    • Coffee
    • Cloud Kitchens
    • QSR
    • Traditional
    • Tech Delivery
  • E-Commerce
    • Amazon
    • Indian Ecomm
    • Services
  • Malls
    • Mall Chains
    • Standalone Malls
  • International
    • USA
    • Singapore
    • China
    • Middle East
    • SE Asia
    • Europe
    • Oz & Nz
    • SouthAm
  • Entertainment
    • Cinemas
    • Multiplex
    • OTT Platforms
    • Theme Parks
    • Others
  • Retail Tech
    • Digital
    • Retail AI
    • PoS S/w
    • Payments
    • Credit Cards
    • Crypto
    • Tech Delivery
  • Cities
  • Corporates
    • People
      • Movements
      • Obituary
    • Industry Info
    • Global
      • Amazon
      • Apple
      • Starbucks
      • Shell
      • Walmart
    • Indian
      • Aditya Birla
      • Arvind Fashions
      • Britannia
      • Colgate
      • Future Group
      • Dabur
      • HUL
      • ITC
      • Marico
      • Nestle
      • Patanjali
      • Reliance
      • Reckitt
      • Shoppers Stop
      • Tata Group
    • Listed Cos.
  • Specialty Retail
    • Airports
      • AAI Airports
      • PPP Airports
      • International Airports
    • Travel Retail
      • Metro Rail
      • Railways
      • Highways
    • Auto Retail
      • 2W
      • 4W
      • EVs
      • Fuel Retail
    • Beauty Services
    • Babycare
    • Liquor
    • CDIT
    • Grocery Retail
    • Pets & more
    • Home Improvement
    • Kidswear
    • Books
    • Athleisure
    • Pets & more
    • Leather
  • 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

Caratlane announces top-level rejig

Tata Consumer reports 13% revenue growth

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 email a link to a friend (Opens in new window)

Like this:

Like Loading...

Related

Tags: bigbasketecommerceFMCGgroceryretailTATA
ShareTweet

Related Posts

Caratlane announces top-level rejig
Accessories

Caratlane announces top-level rejig

September 4, 2023
Tata Consumer reports 13% revenue growth
Tata Group

Tata Consumer reports 13% revenue growth

June 12, 2023
Trent launches SAMOH – occasion wear concept
Cities

Trent launches SAMOH – occasion wear concept

May 6, 2023
Caratlane opens 200th store, 20 more on same day
Jewellery

Caratlane opens 200th store, 20 more on same day

May 7, 2023
FirstCry opens 8,000 sft store – largest in India
Babycare

FirstCry opens 8,000 sft store – largest in India

April 1, 2023

Specialty Retail

Hidesign launches writing instruments
Latest News

Hidesign launches writing instruments

by Editor
September 22, 2023
0

Internationally acclaimed and homegrown leather goods brand Hidesign has extended its accessories range to include writing instruments, such as fountain...

Read more
The Love Co. launches kids care products

The Love Co. launches kids care products

September 15, 2023
India to have Asia’s largest Pet-Food facility

India to have Asia’s largest Pet-Food facility

September 14, 2023

FMCG & Grocery

Bisleri x Jawan limited edition packs now available

Nourish Mantra launches new range of Toner & Serum

Baskin Robbins is the Official Dessert Partner for Barbie The Movie

Entertainment

Bisleri x Jawan limited edition packs now available
Entertainment

Bisleri x Jawan limited edition packs now available

by Editor
September 11, 2023
0

Bisleri International, India's leading packaged drinking water brand has tied up with Shah Rukh Khan's upcoming "Jawan", the first pan-India...

Read more
PVR-Kotak Debit Card offers 20* free movie tickets yearly

PVR-Kotak Debit Card offers 20* free movie tickets yearly

September 11, 2023
NY Cinemas opens in Guwahati

F&B to boost cinema theatres’ profitability

August 2, 2023

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