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BigBasket to enter quick commerce with launch of 10-minute food delivery by FY26
- BigBasket, backed by Tata Group, plans to venture into quick commerce with a 10-minute food delivery service across India by March 2026.
- Co-founder Vipul Parekh stated the service aims to cater to existing food delivery platform users and attract new customers seeking fast access to snacks and meals.
- BigBasket's strategy competes with Blinkit's Bistro, Swiggy's Snacc, and Zepto Café in the fast food and snacks market.
- The company is expanding its dark store network from 700 to 1,200 locations by the end of fiscal year 2025, starting with a pilot run in Bengaluru.
- By July 2025, BigBasket plans to operate the service from 40 dark stores, improving delivery speeds through a hyperlocal fulfillment model.
- Customers can expect items from Tata's Qmin and Starbucks without involving any third-party restaurant partners.
- Around 5-10% of BigBasket users currently combine food with grocery orders, a figure expected to rise with the new quick commerce service.
- Despite rumors, BigBasket is not looking for external funding and aims for a public listing in 18 to 24 months.
- Swiggy Instamart and Zepto are rapidly expanding dark store numbers amidst losses in the quick commerce sector.
- Food Safety and Standards Authority of India is closely monitoring the quality and hygiene at dark stores operated by quick commerce companies.
- Recent incidents involved violations at dark stores, leading to suspensions in Maharashtra.
- India's quick commerce sector is valued at $7.1 billion and is the fastest-growing segment in the country's digital economy, as per a report by Indus Valley shared by Blume Ventures.
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