Picture courtesy www.indiaretailing.com
Mumbai: Tata Group is in advanced talks to acquire 80% stake in popular Indian online grocer BigBasket.
According to a reliable source familiar with the development, the proposed deal is worth $1.3 billion, which will value the Alibaba Group-backed e-grocer at $1.6 billion, Bloomberg reports.
Alibaba currently owns 29% in BigBasket.
There was no confirmation from either party.
Tata Sons Chairman N Chandrasekaran had earlier revealed that the company is building a super-app.
Bhubaneswar: The Odisha government on Tuesday approved 23 proposals for setting up of industrial projects with a total investment of...
Bhubaneswar: Bhubaneswar-headquartered CSM Technologies Limited, a GovTech and enterprise digital transformation company, Tuesday announced its audited consolidated financial results for...
Sundaragada: In less than a year since its launch, TP Western Odisha Distribution Limited’s (TPWODL) grassroots sports initiative has blown...
Bhubaneswar: Marking another milestone in its growth journey, Odisha-based organic brand Organelle Farms on Tuesday inaugurated another retail store at...
Copyright © 2026 Frontier Media
