Online grocery firm Bigbasket aims to go for an initial public offering (IPO) by 2023, by when it strives to have Ebitda-positive financials. Ebitda, or earnings before interest, taxes, depreciation, and amortisation, shows the operating and is an important parameter as it depicts the health of a business and whether it is able to generate cash after meeting its operational expenses.
Bigbasket requires another round of funding “which should be the last one” to achieve the target, said Hari Menon, co-founder and CEO of the firm. Menon said Bigbasket is likely to ...
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First Published: Sun, March 01 2020. 21:10 IST
