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BigBasket’s Financial Year Loss Widens to ₹348 Crore

Innovative Retail Concepts (BigBasket) saw its loss widening to ₹348.27 crore in 2018-19 financial year, while revenue grew about 69 per cent to ₹2,380.95 crore from the previous financial year, as per regulatory documents.

BigBasket’s Financial Year Loss Widens to ₹348 Crore
  • The company registered 69% increase in revenue from operations to₹2,381 crore in 2018-19

  • The company had posted a loss of ₹179 crore in 2017-18 financial year

New Delhi: Innovative Retail Concepts (BigBasket) saw its loss widening to ₹348.27 crore in 2018-19 financial year, while revenue grew about 69 per cent to ₹2,380.95 crore from the previous financial year, as per regulatory documents.

The company had posted a loss of ₹179.23 crore in 2017-18 financial year, documents filed with the Corporate Affairs Ministry and sourced by business intelligence platform Tofler showed.

The company registered 69 per cent increase in revenue from operations to ₹2,381 crore in 2018-19 from ₹1,409.61 crore in the previous fiscal, it added.

BigBasket declined to comment on the numbers.

According to reports, Innovative Retail Concepts runs the consumer business of BigBasket, while SuperMarket Grocery Supplies is the wholesale arm of the company.

(Except for the headline, this story has not been edited by Scrabbl staff and is published from a syndicated feed.)


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