Alibaba vs BigBasket: Revenue, Profit and Business Model
Alibaba had ~$142.3B of annual revenue in FY2026 and ~$14.4B of net income. BigBasket had ~$1.2B of annual revenue in FY2026 and a net loss of ~$368.3M.
Latest financial snapshot
Financial summary
Alibaba
Revenue rose from ~$22 billion (RMB158.3 billion) in FY2017 to ~$142 billion (RMB1.024 trillion) in FY2026. Net income was ~$14.4 billion (RMB103.6 billion) in FY2026, down from ~$17.5 billion (RMB126.0 billion) in FY2025. Alibaba reports on a March 31 fiscal year and invests heavily in commerce, cloud and AI infrastructure. Alibaba Group is a Chinese multinational technology titan with a market valuation typically hovering around $200 billion.
BigBasket
BigBasket reports through two companies. Innovative Retail Concepts, the consumer business, grew revenue 7.7 percent to ~$954 million (₹8,223 crore) in FY2026 while its loss rose 66 percent to ~$356 million (₹3,073 crore). Supermarket Grocery Supplies, the B2B and procurement arm, made ~$267 million (₹2,298 crore) and lost ~$11.8 million (₹102 crore). Combined, the two reported ~$1.22 billion (₹10,521 crore) of revenue and ~$368 million (₹3,175 crore) of losses, against ~$1.14 billion (₹9,861 crore) and ~$226 million (₹1,952 crore) a year earlier, according to Tata Sons' FY2026 annual report. On a consolidated basis the parent reported ~$1.14 billion (₹9,866.7 crore) of operating revenue and a ~$233 million (₹2,006.8 crore) loss in FY2025. The last priced equity round was $200 million at a $3.2 billion valuation in December 2022. Tata Sons hired Citi and Moelis in 2025 to look for outside investors, but in May 2026 Parekh said BigBasket was not raising external capital for now, leaving Tata Digital to fund it.
Revenue and profit by year
Alibaba
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2026 | ~$142.3B | ~$14.4B | 10.1% | +2.7% | Source |
| FY2025 | ~$138.5B | ~$17.5B | 12.6% | +5.9% | Source |
| FY2024 | ~$130.8B | ~$9.9B | 7.6% | +8.3% | Source |
| FY2023 | ~$120.7B | ~$9.1B | 7.5% | +1.8% | Source |
| FY2022 | ~$118.6B | ~$6.5B | 5.5% | +18.9% | Source |
| FY2021 | ~$99.7B | ~$19.9B | 20.0% | +40.7% | Source |
| FY2020 | ~$70.8B | ~$19.5B | 27.5% | +35.3% | Source |
| FY2019 | ~$52.4B | ~$11.2B | 21.3% | +50.6% | Source |
| FY2018 | ~$34.8B | ~$8.5B | 24.5% | +58.1% | Source |
| FY2017 | ~$22B | ~$6.1B | 27.6% | — | Source |
BigBasket
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2026 | ~$1.2B | ~-$368.3M | -30.2% | +6.7% | Source |
| FY2025 | ~$1.1B | ~-$226.4M | -19.8% | -4.0% | Source |
| FY2024 | ~$1.2B | ~-$161.8M | -13.6% | +6.0% | Source |
| FY2023 | ~$1.1B | ~-$203M | -18.1% | +10.1% | Source |
| FY2022 | ~$1B | ~-$114.8M | -11.2% | — | Source |
| FY2020 | ~$442.9M | ~-$82.2M | -18.6% | +36.3% | Source |
| FY2019 | ~$325M | ~-$65.2M | -20.1% | — | Source |
Where the revenue comes from
Alibaba
- China commerce
Not formally reported
Alibaba earns revenue through China commerce.
- international digital commerce
Not formally reported
Alibaba earns revenue through international digital commerce.
- cloud intelligence
Not formally reported
Alibaba earns revenue through cloud intelligence.
- logistics services
Not formally reported
Alibaba earns revenue through logistics services.
- local services and digital media
Not formally reported
Alibaba earns revenue through local services and digital media.
BigBasket
- Sale of goods
97% (FY2024)
Groceries and household goods bought from brands, wholesalers and farmers, held in BigBasket's own warehouses and dark stores, and sold through its app and website.
- Advertising and membership fees
Not formally reported
Advertising sold to brands and membership fees make up most of the remaining operating revenue.
- Private labels
Not formally reported
Own brands such as fresho, bb Royal and bb Popular, which earn better margins than resold FMCG brands.
Business model and strategy
Alibaba
How it makes money
Alibaba earns revenue from customer-management services and commissions on its China commerce marketplaces, direct sales and logistics services in international commerce, cloud products and services, Cainiao logistics, local services, and digital media. Taobao and Tmall primarily connect merchants with consumers rather than operating only as first-party retailers.
Growth strategy
Facing intense regulatory scrutiny and fierce domestic competition, Alibaba's growth strategy recently underwent a large structural overhaul. They announced a plan to split the empire into six separate, independent business groups (like Cloud, E-commerce, and Logistics), allowing each to operate faster and potentially seek their own IPOs.
Competitive advantage
Alibaba's primary moat was its large network effect within China; virtually every merchant had to be on Taobao because that's where all the consumers were, and vice versa. their proprietary logistics network (Cainiao) and deep integration with Alipay created a frictionless ecosystem for Chinese consumers.
BigBasket
How it makes money
BigBasket is an inventory-led retailer rather than a marketplace. It buys from brands, wholesalers and farmers, holds the stock in its own warehouses and dark stores, and sells to consumers through the BigBasket app and website.
Growth strategy
Since August 2024 BigBasket has delivered only in 10 to 30 minutes, folding the BBdaily morning subscription and BB Now into one app. Growth now comes from bigger baskets rather than more cities: larger-format dark stores carrying wider ranges, non-grocery categories, and a 10-minute café and food menu piloted in Bengaluru in June 2025 with Tata Starbucks and Qmin, the food platform of Indian Hotels Company.
Competitive advantage
BigBasket's edge is assortment and sourcing built over a decade of scheduled grocery delivery. It owns its inventory, runs procurement through its B2B arm, and sells private labels such as fresho for fruit and vegetables and bb Royal for staples, which earn more than resold brands. Tata ownership adds patient funding and a place in the Tata Neu app alongside Croma, Tata 1mg and Air India.
Questions about Alibaba vs BigBasket
Which company has higher revenue — Alibaba Group Holding Limited or BigBasket?
Alibaba Group Holding Limited had ~$142.3B (FY2026), while BigBasket had ~$1.2B (FY2026). By latest annual revenue, Alibaba Group Holding Limited is the larger business, with BigBasket showing a smaller revenue base.
What is the market cap of Alibaba Group Holding Limited vs BigBasket?
Alibaba Group Holding Limited has a market capitalisation of $266.6B. A public market cap figure for BigBasket was not available (it may be privately held).
How does revenue per employee compare for Alibaba Group Holding Limited and BigBasket?
Alibaba Group Holding Limited has $1.08M / employee in revenue per employee, while BigBasket has $21k / employee. Headcounts may use different dates, so the ratio alone does not establish which business operates more efficiently.
How do Alibaba Group Holding Limited and BigBasket make money?
Alibaba Group Holding Limited and BigBasket generate revenue in fundamentally different ways. Alibaba Group Holding Limited: Alibaba earns revenue from customer-management services and commissions on its China commerce marketplaces, direct sales and logistics services in international commerce, cloud products and services, Cainiao logistics, local services, and digital media. BigBasket: BigBasket is an inventory-led retailer rather than a marketplace.
Is Alibaba Group Holding Limited bigger than BigBasket?
By last reported revenue, Alibaba Group Holding Limited (~$142.3B (FY2026)) is the larger company compared to BigBasket (~$1.2B (FY2026)). Revenue scale is one dimension of size — market capitalisation, employee count, and geographic reach are also relevant depending on the context.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the Alibaba vs BigBasket overview