Online grocery delivery firm Innovative Retail Concepts, which operates as BigBasket, widened its loss to Rs 1,535 crore for 2022-23, according to details shared by Toffler.
Toffler said BigBasket’s losses increased by 89%, which means that the company posted a loss of around Rs 812 crore in 2021-22.
The company’s revenue rose 5% to Rs 7,462 crore.
“The company reported a net loss of Rs 1,535 crore in the same fiscal. This is an increase of 89% over the last fiscal year. The total expenditure of the company during the financial year was reported as Rs 8,998 crore,” the report said.
