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Tata group to take $1.3 billion stake in BigBasket: Report
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Tata s stake will translate into an enterpise value of ₹13,500 crore for BigBasket, the report said
(Photo: Mint)
Anuron Kumar Mitra
, Reuters
Indian conglomerate Tata group will buy a 68% stake in Alibaba-backed online grocery startup BigBasket for about ₹9,500 crore ($1.31 billion), the report said
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India s Tata group will buy a 68% stake in online grocery startup BigBasket for about ₹9500 crore ($1.31 billion), television channel ET Now said on Tuesday, citing sources.
The salt-to-software conglomerate has been planning to launch a super app that will tie in all its consumer businesses, according to media reports, as it competes against Amazon.com Inc and Reliance Industries Ltd in India s booming e-commerce market. ....

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