Friday, 24 March, 2023
BigBasket's valuation might reach $4-5B as sales rise
<p>Following a $2.7B secondary share offering earlier this year, the valuation of e-grocer BigBasket has surged. Existing investors, including Tata Digital and others, value the company at $4 to $5B based on total sales and predicted annual growth in the coming years. The company's expansion ambitions were discussed at BigBasket's previous board meeting in February. BigBasket feeds millions of Indians every day and was very important during the pandemic lockdowns.</p>
Read full story at Economic Times
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