BigBasket B2C arm’s losses soar to Rs 1,535 Cr in FY23, revenue stays flat
BigBasket's consumer-facing branch, Innovative Retail, has failed to scale since its acquisition by Tata Group in 2021. The e-grocer under Tata's umbrella had 17% growth in its topline in FY22, before falling to roughly 5% in FY23.
#tatagroup #bigbasket #acquisition
https://entrackr.com/2023/06/bigbasket-b2c-arms-losses-soar-to-rs-1535-cr-in-fy23-revenue-stays-flat/
BigBasket's consumer-facing branch, Innovative Retail, has failed to scale since its acquisition by Tata Group in 2021. The e-grocer under Tata's umbrella had 17% growth in its topline in FY22, before falling to roughly 5% in FY23.
#tatagroup #bigbasket #acquisition
https://entrackr.com/2023/06/bigbasket-b2c-arms-losses-soar-to-rs-1535-cr-in-fy23-revenue-stays-flat/
BigBasket B2C arm’s losses soar to Rs 1,535 Cr in FY23, revenue stays flat
BigBasket's consumer-facing branch, Innovative Retail, has failed to scale since its acquisition by Tata Group in 2021. The e-grocer under Tata's umbrella had 17% growth in its topline in FY22, before falling to roughly 5% in FY23.
#tatagroup #bigbasket #acquisition
https://entrackr.com/2023/06/bigbasket-b2c-arms-losses-soar-to-rs-1535-cr-in-fy23-revenue-stays-flat/
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