BigBasket clocks 36% revenue growth in FY20

Online grocer BigBasket, which is currently in the final stages of closing a deal to sell majority stake to the Tata Group, has reported a 36% growth in revenue to Rs 3,818 crore for the year ended March 31, 2020.

Losses shot up by 26% in the same period to Rs 710 crore from Rs 562.6 crore in FY19, driven up by a one-time cost of Rs 117 crore, marked as an exceptional item on its balance sheet, according to regulatory documents sourced from business intelligence platform Tofler.