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: A Yellow warning has been issued for five Odisha districts over the next two to three hours. Light to...
New Delhi: The 57th meeting of the GST Council, chaired by Finance Minister Nirmala Sitharaman, approved major reforms on Thursday. The...
Moscow: A Russian military aircraft crashed in the far eastern Amur region on Tuesday, killing six people, the country’s Defence...
Bhubaneswar: The Odisha government on Tuesday approved 19 industrial proposals with a total investment of Rs 3,280.58 crore and having...
Copyright © 2026 Frontier Media
