India’s Tata buys majority stake in online grocer BigBasket

India’s Tata buys majority stake in online grocer BigBasket

The Edge Markets - Technology·2021-05-29 05:10

(May 28): Tata Sons has acquired a majority stake in online grocery seller BigBasket, putting the Indian conglomerate in a direct race with e-commerce players Amazon.com Inc, Walmart’s Flipkart and Reliance Industries.

The stake was bought by Tata Digital Limited, a unit of Tata Sons. Tata on Friday declined to give further details on the deal, while BigBasket did not immediately respond to a Reuters request for comment.

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