Bigbasket may launch IPO by 2025 after $200 million funding: CFO Parekh

Controlling about a third of India's online grocery market, Bigbasket was acquired by Tata last year

Tata Group’s Bigbasket may list its shares within three years after the latest capital raising valued India’s largest online grocer at $3.2 billion.

The profitable e-commerce firm, which is expanding its pan-India reach and generates about $1.4 billion in annual revenue, may choose to launch an initial public offering in 24 to 36 months, Chief Financial Officer Vipul Parekh said in an interview Wednesday at the company’s headquarters in Bengaluru. The firm, which this week announced it had raised $200 million, is open to receiving more private capital before it lists, he added.

“We’ll head to public markets at some