Bigbasket aims to go for IPO by 2023, cross Rs 7,000 cr in revenue in FY21
Bigbasket expects to close the current financial year (FY20) with a top line of Rs 5,000 crore. In FY22, it hopes to hit the billion-dollar mark with revenue of Rs 7,000 crore.
Online grocery firm Bigbasket aims to go for an initial public offering (IPO) by 2023, by when it strives to have Ebitda-positive financials. Ebitda, or earnings before interest, taxes, depreciation, and amortisation, shows the operating and is an important parameter as it depicts the health of a business and whether it is able to generate cash after meeting its operational expenses.