The company plans to double its business year-on-year by March 2026 and expand to around 70 Indian cities the following year, from 35 to about 70, CEO Harimenon told Reuters to bystanders at Mumbai’s retail summit. He stopped explaining the details of his investment plan.
Bigbasket’s plans for listings in India show that the country’s quick commerce industry has high double-digit sales growth, with rivals like Swiggy’s Instamart and Zomato’s blink race making the most of 10-minute delivery in the city’s metro.
Zomato and recently listed Swiggy are increasing their products, opening more warehouses and increasing investments to gain market share as the quick commerce industry refused to slow the country wider economy.
“In my view, Assortment is a play,” Menon said. Menon is expanding its range of products to include electronic devices, pharmaceuticals and fashion categories.
Quickcommerce accounts for around 80% of Bigbasket’s revenue, he said. The grocery delivery company, where Tata’s son has a majority stake, is also planning to roll out quick food delivery, Menon said it would be a move to compete against other 10-minute food services, including Zomato’s “Bistro,” Swiggy’s “Bolto,” and Zepto’s “Zepto Cafe,” without laying out a timeline.
