BusinessNews

Tata Group acquires online grocery startup BigBasket for Rs 9,500 crore

Krishna Mali
By: Krishna Mali

Date:

UPDATED ON:

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Tata Group has signed a deal to acquire BigBasket in a transaction valued at Rs 9,500 crore.

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According to the ET report, “The Tata Group will nearly pay Rs 9,500 crore to acquire 68% stake in BigBasket at the enterprise value of Rs 13,500 crore.” 

Bangalore-based BigBasket is an online grocery startup with pan India, and it is one of the top rivals of Flipkart and Amazon Fresh.

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Krishna Mali
Krishna Mali
Founder & Group Editor of TechGraph.

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