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BigBasket bags ₹200 crore from DBS Bank to boost quick grocery delivery

Business

BigBasket just raised ₹200 crore (about $22.7 million) in debt funding from DBS Bank—its first big capital move since Tata Digital's investment in December 2022.
The funds came via non-convertible debentures, offering an 8.2% annual return over 18 months.

What's BigBasket up to?

Since its full shift to 10-minute grocery deliveries in August 2024, BigBasket has been running its own dark stores and delivery network.
This new funding will help them set up more of these stores and keep everyday operations running smoothly.

By the numbers

BigBasket has attracted over $1 billion from major investors like Mirae Asset and Bessemer Venture Partners, with Tata Digital acquiring it back in 2021.
For FY25, revenue stayed steady at ₹7,673 crore—even as losses grew to ₹1,850 crore.