BigBasket vs Blinkit: Revenue, Profit and Business Model
BigBasket reported ~$1.2B of revenue in FY2026 and a net loss of ~$368.3M. Blinkit reported ~$4.4B of revenue in FY2026 and — of net income.
Latest financial snapshot
Financial summary
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.
Blinkit
Blinkit's quick-commerce segment revenue grew from ~$93.5 million (₹806 crore) in FY23 (a partial year after the August 2022 acquisition) to ~$267 million (₹2,301 crore) in FY24, ~$604 million (₹5,206 crore) in FY25 and ~$4.38 billion (₹37,779 crore) in FY26. Most of the FY26 jump is an accounting effect: after the September 2025 move to owning inventory, revenue includes the full price of goods sold. The operating trend shows up elsewhere. Blinkit's NOV grew at a 104% CAGR between FY23 and FY26, and its adjusted EBITDA turned positive for the first time in the December 2025 quarter (~$464,000 (₹4 crore)), then rose to ~$4.29 million (₹37 crore) in the March 2026 quarter and ~$11.8 million (₹102 crore) in the June 2026 quarter. Q1 FY27 revenue of ~$1.82 billion (₹15,664 crore) was about 77% of Eternal's consolidated revenue.
Revenue and profit by year
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
BigBasket
No segment breakdown is published.
Blinkit
- Sale of Goods (Owned Inventory)
Since September 1, 2025, Blinkit buys stock from brands and distributors and sells it directly, so the full value of goods sold is booked as revenue. This is now the bulk of reported revenue.
- Advertising (Blinkit Ads)
Brands pay for sponsored search results, banners and product placements inside the app. Eternal does not break out Blinkit's ad revenue.
- Customer Delivery and Platform Fees
Delivery charges, handling fees and small-cart fees paid by customers on qualifying orders.
- Marketplace Commissions (Before September 2025)
Until the inventory switch, Blinkit earned commissions and warehousing fees from sellers listing products on its marketplace, which is why revenue was much smaller before FY26.
Business model and strategy
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.
Blinkit
How it makes money
Blinkit runs a network of small warehouses that are closed to walk-in shoppers (dark stores), placed close to dense residential areas. Customers order in the Blinkit app, staff pick and pack the order inside the store, and delivery partners ride it to the door, usually within minutes.
Growth strategy
Blinkit's stated plan rests on three levers: assortment expansion, geographic expansion and demand densification. Assortment means taking more cities closer to the roughly 80,000 SKUs offered in Delhi-NCR and adding categories such as electronics, toys, beauty and premium groceries.
Competitive advantage
Blinkit's edge is store density and assortment built ahead of rivals. It ended June 2026 with 2,443 dark stores, more than any competitor, and a 2026 CLSA count found 969 Blinkit stores across India's top 10 cities against 828 for Zepto and 627 for Flipkart Minutes.
Questions about BigBasket vs Blinkit
Which company has higher revenue — BigBasket or Blinkit?
BigBasket reported ~$1.2B (FY2026), while Blinkit reported ~$4.4B (FY2026). By last reported revenue, Blinkit is the larger business, with BigBasket reporting a smaller revenue base.
Which is more financially efficient — BigBasket or Blinkit?
BigBasket generates $21k / employee in revenue per employee. A comparable figure for Blinkit requires matching employee and revenue data from the same reporting period.
How do BigBasket and Blinkit make money?
BigBasket and Blinkit generate revenue in fundamentally different ways. BigBasket: BigBasket is an inventory-led retailer rather than a marketplace. Blinkit: Blinkit runs a network of small warehouses that are closed to walk-in shoppers (dark stores), placed close to dense residential areas.
Is BigBasket bigger than Blinkit?
By last reported revenue, Blinkit (~$4.4B (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 BigBasket vs Blinkit overview