BigBasket aims to go public in coming years, says co-founder & CEO Hari Menon

BigBasket aims to go public in the coming years, co-founder & CEO Hari Menon said without mentioning a specific timeline.

“We would want to go public. We would like to go public. There are exits needed, people have to exit businesses and the best form of doing it is through an IPO,” Menon said at the Prarambh Start-up India International Summit on Saturday. The fact whether companies want to get listed in India or overseas is being widely debated, but BigBasket would want to go for an IPO in India, the CEO said.

A clutch of Indian start-ups, including Zomato, Grofers, Delhivery have been chalking out IPO plans of late. While most successful start-ups typically contemplate taking their companies public at some point of time, the pandemic-led growth nudged some firms to advance their plans on the front.