Tata Digital acquires Indian e-grocer BigBasket to fuel super-app ambition
Tech in Asia·2021-05-29 00:01
Tata Digital, a unit of Tata Group’s investment investment holding company, has acquired a majority stake in oneline grocery firm BigBasket for an undisclosed sum.
The acquisition will fuel Tata Group’s plan to create a digital consumer ecosystem across categories including online food and grocery. The deal could raise BigBasket’s valuation to between US$1.8 billion and US$2 billion.
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