BigBasket's wholesale business Supermarket Grocery Supplies Private Limited saw its revenue grow by 35% to 1,606 crore in financial year 2017-18. Its losses dropped by 53% to 310 crore, though operating losses remained almost consistent compared to 312 crore in FY17.

The overall losses had shot up in FY17 due to an exceptional item of about 340 crore then.

Its B2C arm, Innovative Retail, saw its revenue increase by 29% to 1,410 crore. It also tempered its losses by 6% to 179 crore in FY18, as per the regulatory filings sourced from Tofler. Supermarket Grocery Supplies is a business-to-business entity which sources products and sells it to Innovative Retail, which runs the online grocery portal.

BigBasket saw Alibaba come on board as investor in FY18 and raised $300 million from the Chinese group in February this year. The move also saw changes in directorship at Supermarket, with K Ganesh and Meena Ganesh of GrowthStory and Neeraj Bhargava of Zodius Capital resigning, and BigBasket CEO Hari Menon joining as director.

The other additions to directorship were Alibaba's senior executives Jason Pak Tung Yip, Ting Hong Kenny Ho and Kshitij Karundia, as well as Sands Capital's Barron Black Martin.

The regulatory filings show that the net worth of BigBasket's subsidiary Delyver Retail Network had been eroded in FY18, and there were no significant operations, pushing BigBasket to seek impairment provision of 41 crore. BigBasket had acquired the logistics company in 2015.

BigBasket competes with Grofers and has also been looking at newer segments such as milk and dairy, cosmetics and meat.

The firm acquired milk delivery startups RainCan and Morning Cart, while also taking a controlling stake in vending machines startup Kwik24 in recent months.