BigBasket's losses jumps four times in FY22 as employee costs soar

According to its latest filings with the Ministry of Corporate Affairs, BigBasket's Business to Consumer (B2C) arm reported that its net loss widened fourfold to ₹812.7 crore in FY22 from ₹202.7 crore in FY21. The Tata Digital-owned firm's employee expenses increased to ₹739 crore from ₹236 crore in FY21. The company's other expenditures such as advertising and transportation also doubled.