Bengaluru-based online grocer BigBasket has posted a 107% year-on-year jump in revenue to ₹1,090 crore for FY17, while its losses increased to ₹191 crore from ₹103 crore. "Our larger markets...Bangalore and Hyderabad have already broken even at an operational level," Co-founder Hari Menon said. Alibaba is also investing a reported amount of $300 million to acquire a stake in BigBasket.