India's BigBasket is planning to go public within the next 18 to 24 months, according to its CEO, as the Tata Group-backed grocery giant looks to capitalize on the growing demand for fast online deliveries of products ranging from fruits to electronics like Apple iPhones.

The company is on track to double its business year-on-year by March 2026 and aims to expand its presence to about 70 Indian cities, up from the current 35, over the next year, CEO Hari Menon shared with Reuters at a retail summit in Mumbai. However, he did not provide specific details about any investment plans.

BigBasket's upcoming listing coincides with rapid growth in India's quick commerce sector, where competitors like Swiggy's Instamart and Zomato's Blinkit are also racing to meet the high demand for 10-minute deliveries in major urban areas.
Zomato and recently listed Swiggy are also increasing their investments to ramp up offerings, open more warehouses and win market share, as the quick commerce industry defies a broader economic slowdown in the country.

"Assortment is the play, in my view",  said Menon, whose firm is also expanding its range of products to include electronics, pharmaceuticals, and fashion categories.
Quick commerce makes up about 80% of BigBasket's revenue, he said.

The grocery delivery firm, in which Tata Sons has a majority stake, is also set to roll out quick food deliveries, Menon said without laying out a timeline, a move that will pit the company against other 10-minute food services such as Zomato's "Bistro", Swiggy's "Bolt" and Zepto's 'Zepto Cafe'.