Digital supermarket grocery store, BigBasket, owned by Tata, shares news on raising six percent in its consolidated operational revenue for FY24, registering at Rs 10,062 crore.

It managed to reduce its losses from Rs 1,785 crore in FY23 to Rs 1,415 crore in FY24.

It reported an ROE (return on equity) growth from -4.77 percent to -2.86 percent. At 0.02, the debt-to-equity ratio appears to remain at a minimal level as it was 0.03 the year before.

Tofler revealed that a considerate part of the expenditure went to the purchase of stock-in-trade, which came to Rs 8,339 crore (Rs 8,016 crore in FY23), employee benefits expenses, which came to Rs 936 crore (Rs 1,060 in FY23), and other expenses totaling Rs 1,902 crore.

It even showed a decrease in its sales promotion and advertising expenses from Rs 385 crore in FY23 to Rs 330 crore.

However, with the Tata takeover, Innovative Retail Concepts became a fully owned subsidiary of Supermarket and reported six percent annual growth in operational revenue to Rs 7,885 crore in FY24, along with a net loss of Rs 1,267 crore.

BigBasket changed the name of their slotted delivery service to allow customers to choose when to get their groceries delivered, to "Supersaver" in January and pledges to deliver goods in less than two hours.

BigBasket faces competition from Reliance JioMart, Flipkart, which is owned by Walmart, and Amazon India in the larger grocery market.

To fund its expansion plans, BigBasket intends to raise $80-100 million in a combination of debt and stock. It is burning more money since it is investing a lot in its rapid commerce section.

In India, firms such as Zepto, Blinkit, which is owned by Zomato, and Swiggy Instamart are meeting the country's unprecedented demand for speedy delivery. Flipkart now joined the fast-paced e-commerce space with a product called Minutes.

According to a recent Nomura analysis, the country's fast commerce sector is predicted to see gross order value (GOV) growth of 100–110% year over year in FY26 as a result of businesses expanding the number of dark storefronts. There are 400–450 dark stores in BB Now.