Synopsis
Unlike other startups, Bigbasket’s valuation never fully captured its growth in sales volume, revenue, user base, and its solid leadership. That was because of the founders’ choices and approach, and a set of factors that negatively influenced its funding and valuation. Under the Tatas, will the public market reward its founders when it goes for listing?
The long-drawn affair of Tata’s acquisition of Bigbasket concluded by the end of last month. Tata Group’s e-commerce ambitions took wing with the buyout of one of India’s most solid consumer-Internet startups, which is also a category leader in grocery e-tail. As for Bigbasket, it got a parent which has the resources to help it go for a bigger play. Neither company has revealed the details of the deal. The Economic Times reported that Tata
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