Sources: Indian conglomerate Tata Group is buying a 68% stake in online grocery delivery service BigBasket for ~$1.3B, valuing the startup at ~$1.85B
Times Now :
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Related Coverage
- Tata Group inks $1.2 billion deal to buy majority stake in BigBasket The Economic Times
- Tata Group reaches agreement to buy majority stake in BigBasket TechCrunch · Manish Singh
- Tatas buy 68% in BigBasket - Should Amazon, JioMart be worried? TechRadar · Balakumar K
- Tata Group Buying Majority Stake In Bigbasket Gulte
- Tatas acquire 68% stake in bigbasket for ₹9,500 crore The Hindu BusinessLine · Rajesh Kurup
- Tata Group to buy 68% stake in BigBasket for over Rs 9,000 crore Moneycontrol
- Tatas to buy 68% in BigBasket for Rs 9,500 cr, deal likely in 4-5 weeks Business Standard
- India's Tata Group to buy majority stake in BigBasket for $1.3 billion: report Reuters
- Sources: Tata Group strikes deal to acquire majority stake in BigBasket Tech in Asia · Deepti Sri
- Tata Set To Acquire 68% Stake In BigBasket For $1.3 Bn To Boost Super App Ambitions Inc42 Media · Kritti Bhalla
- Tata Group to take Rs 9,500 crore stake in BigBasket The Economic Times
Discussion
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@etnowlive
@etnowlive
on x
#ETNOWExclusive | This deal has been in the works for some time now and we believe finally #Tatas and @bigbasket_com have finally signed on the dotted line. @NayantaraRai joins in with all the details of the deal https://www.pscp.tv/...
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@ajayrdave
Ajay Dave
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Good. My experience with Big Basket has been very good so far for both vegetables and groceries, quality and price wise too. It also has very good range of organic vegetables and grains. Hope Tatas add more value to my customer experience. https://twitter.com/...
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@sub8u
Subrahmanyam Kvj
on x
Selling groceries online, even in many advanced markets, is a huge challenge. To do so in India calls for even more smarts. Interesting that it isn't Amazon or Walmart/Flipkart or some Euro retailer that finally acquired Bigbasket, but the Tata group. https://twitter.com/...
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@nayantararai
Nayantara Rai
on x
Scoop 💪👊 Tatas & BigBasket sign on the dotted line. Tatas to pay approx Rs 9500 Cr for a 68% stake Alibaba exits BigBasket BigBasket enterprise value at Rs 13,500 Cr with this deal Top mgmt including Hari Menon to stay on for 3-4 years Tatas decline to comment https://twitter.com…