Search
Subscribe
CITY UPDATES

BigBasket loss widens to Rs 1,535 cr in 2022-23

By: Vighnesh Pawar

Date:

BENGALURU:

Online grocery delivery firm Innovative Retail Concepts, which operates as BigBasket, has posted widening of loss to Rs 1,535 crore for 2022-23, according to details shared by Tofler.

Tofler said the loss of BigBasket increased by 89 per cent, implying the company had posted a loss of around Rs 812 crore in 2021-22.

The company’s revenue increased by 5 per cent to Rs 7,462 crore.

”The company further reported a net loss of INR 1,535 cr during the same fiscal. This is 89 per cent increase from the last financial year. The company’s total expenses for the fiscal were reported as Rs 8,998 crore,” the report said.

BigBasket declined to comment on the report.PTI

Previous article
I-T Dept Launches Tax-evasion Probe Against Social Media Influencers
Next article
BigBasket loss widens to Rs 1,535 cr in 2022-23
Vighnesh Pawar
Vighnesh Pawar

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Karnataka: Koppal Sand Mafia Busted After Reels Go Viral; Over 50 Boats Seized in Major Crackdown

The Bengaluru Live The Bengaluru Live -
The reels, shot at an illegal sand mining site near Hire Sindhogi, featured individuals – reportedly including the brother of a local gang leader – boasting of their dominance in the sand trade. The videos, which quickly went viral, prompted swift action by the Department of Mines and Geology, in coordination with the Revenue, Police, and Forest Departments.

G. Janardhan Reddy’s Disqualification Revoked Following Telangana High Court Suspension of Conviction

The Bengaluru Live The Bengaluru Live -
Bengaluru: The Karnataka Legislative Assembly has officially revoked the...

Tragedy on Father’s Birthday: Bengaluru Man Dies After Tree Branch Falls on Him

The Bengaluru Live The Bengaluru Live -
Bengaluru, June 19: A celebratory outing turned tragic for...

Human Skeleton Discovered in Cesspit of Bengaluru Apartment, Begur Police Launch Probe

The Bengaluru Live The Bengaluru Live -
The Begur Police responded immediately and have since registered an Unnatural Death Report (UDR). The skeleton has been sent to the Forensic Science Laboratory (FSL) to determine the identity of the deceased, the approximate time of death, and any signs of foul play.

About us

Each template in our ever growing studio library can be added and moved around within any page effortlessly with one click.

Company

The latest

Karnataka: Koppal Sand Mafia Busted After Reels Go Viral; Over 50 Boats Seized in Major Crackdown

CRIME 0
The reels, shot at an illegal sand mining site near Hire Sindhogi, featured individuals – reportedly including the brother of a local gang leader – boasting of their dominance in the sand trade. The videos, which quickly went viral, prompted swift action by the Department of Mines and Geology, in coordination with the Revenue, Police, and Forest Departments.

G. Janardhan Reddy’s Disqualification Revoked Following Telangana High Court Suspension of Conviction

CITY UPDATES 0
Bengaluru: The Karnataka Legislative Assembly has officially revoked the...

Tragedy on Father’s Birthday: Bengaluru Man Dies After Tree Branch Falls on Him

CITY UPDATES 0
Bengaluru, June 19: A celebratory outing turned tragic for...

Subscribe

© 2021 tagDiv. All Rights Reserved. Made with Newspaper Theme.

bengaluru {"prefetch":[{"source":"document","where":{"and":[{"href_matches":"\/*"},{"not":{"href_matches":["\/wp-*.php","\/wp-admin\/*","\/wp-content\/uploads\/*","\/wp-content\/*","\/wp-content\/plugins\/*","\/wp-content\/themes\/thebengalurulive\/*","\/*\\?(.+)"]}},{"not":{"selector_matches":"a[rel~=\"nofollow\"]"}},{"not":{"selector_matches":".no-prefetch, .no-prefetch a"}}]},"eagerness":"conservative"}]}