News > Tata Group to buy majority stake in BigBasket for about $1 billion
Tata Group to buy majority stake in BigBasket for about $1 billion
India Inc Group | 28/10/2020 10:57 PM | Click to read full article
Indian online grocery startup BigBasket is in advanced talks to sell a majority stake for about $1 billion to salt-to-software conglomerate Tata Group.
The century-old group has been planning to launch a "super app", one that will tie in all its consumer businesses, several media reports have said, as it competes against Amazon and Reliance Industries, who have made big bets on India's booming e-commerce market.