BigBasket, the Tata Group-backed online grocery platform, is preparing to go public within the next 18 to 24 months. According to CEO Hari Menon, the company aims to leverage the booming demand for fast online deliveries, catering to a wide range of products—from fresh produce to premium gadgets like Apple iPhones.  

1. Ambitious Growth Targets  
The company is on an aggressive growth trajectory, targeting a year-on-year doubling of its business by March 2026. Currently operational in 35 cities, BigBasket plans to expand its reach to around 70 cities within the next year. Menon, however, refrained from disclosing specific details about the investments required to achieve these milestones.

2. Riding the Wave of Quick Commerce  
BigBasket's move to go public comes at a time when India’s quick commerce industry is experiencing exponential growth. Competitors such as Swiggy's Instamart and Zomato's Blinkit are competing fiercely in urban markets, capitalizing on the rising popularity of 10-minute delivery services. This surge in demand has made the quick commerce sector one of the most lucrative segments in the e-commerce landscape.

3. Expanding Offerings to Include Quick Food Delivery  
In addition to its existing grocery delivery services, BigBasket is set to venture into the quick food delivery space. This strategic move aims to broaden its customer base and strengthen its position in the fast-paced urban delivery market.  

4. The Tata Group’s Influence 
With Tata Sons holding a majority stake in the company, BigBasket benefits from a solid backing that enhances its credibility in the competitive e-commerce market. The planned IPO aligns with Tata’s broader strategy of expanding its footprint in the digital commerce space.

BigBasket's impending public offering, ambitious growth plans, and foray into new delivery segments signal its intent to dominate India's rapidly evolving quick commerce industry.