Tata Digital has acquired a majority stake in online grocery BigBasket, a deal that pits the country’s largest conglomerate against entrenched e-commerce players. The digital unit of the salt-to-software group didn’t disclose the financial details of the deal.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
Regulatory filings showed that it has acquired around 64% stake in Supermarket Grocery Supplies that owns BigBasket. BigBasket board had approved the deal earlier this week and Tata Digital has infused primary capital of $200 million in the egrocer at a post-money valuation of $2 billion.
The Union Cabinet, headed by PM Narendra Modi, has approved to extend the Stand Up…
The United Arab Emirates (UAE) has implemented the electronic ATA Carnet (eATA) system to allow…
Palolem Beach in the state of Goa has been ranked as the best beach in…
The Central Government has declared the Ranivas Mound in Bihar as a Monument of National…
Pawan Kalyan is an Indian actor, filmmaker and politician currently serving as Deputy Chief Minister…
Moody's Ratings has Upgraded India’s economic growth outlook for FY2026-27 to 7%, from 6.5%. The…