ADVERTISEMENT
Tata Sons Acquires Majority Stake In Online Grocery Seller BigBasket
Tata Group in now in direct race with Amazon, Flipkart and Jiomart BigBasket was founded in 2011 in Bangalore and presence in 25 cities Tata Group has already announced plans to launch a super app
28 May 2021, 11:44 AM IST 
Save
The stake buy will place Tata Group in direct race with Amazon, Flipkart, JioMart and Grofers
Tata Sons, through its wholly owned subsidiary Tata Digital, has acquired a majority stake in the Alibaba-backed online grocery seller BigBasket (Supermarket Grocery Supplies Private Limited). E-grocery has been one of the fastest growing segments in the consumer e-commerce space and the deal comes at a time when the Covid-19 pandemic and resultant lockdowns have spurred a big shift to online shopping, especially for food and groceri...
