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BigBasket's losses jumps four times in FY22 as employee costs soar
short by Anisha Joneja / on Sunday, 17 July, 2022
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.
read more at Moneycontrol