Tata Digital says it is acquiring a majority stake in Indian online pharmacy startup 1mg; source: Tata acquired about 55% stake at a valuation of around $450M
its second significant startup acquisition after BigBasket https://economictimes.indiatimes.com/ ...
Indian conglomerate Tata Group buys a majority stake in e-grocer Bigbasket; previous reports suggest that the deal is worth $1.31B for a stake of up to 64.2%
Tata Sons (TATAS.UL) has acquired a majority stake in Alibaba-backed (9988.HK) online grocery seller BigBasket, a unit of the Indian conglomerate said on Friday.
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 :
Sources: Alibaba to buy 30% of India's online grocer BigBasket for $300M, with $80M of the investment used to buy shares from existing shareholders
Madhav Chanchani / The Economic Times :
Sources: Alibaba to buy 30% of India's online grocer BigBasket for $300M, with $80M of the investment used to buy shares from existing shareholders
BENGALURU: Alibaba is poised to buy over a third of online grocer BigBasket, according to three people directly aware of the impending deal, for about $300 million.