BigBasket B2C unit posts 6% growth in FY24 revenue, cuts losses by 17%

Innovative Retail Concepts runs the business-to-cusotmer (B2C) unit of BigBasket. It posted net loss of Rs 1,267 crore for FY24 and an operating revenue of Rs 7,885 crore. Over the past two years, BigBasket has seen major rivalry from quick commerce players such as Zomato-owned Blinkit, Swiggy Instamart and Nexus Venture Partners-backed Zepto in the hyperfunded online grocery delivery space.