Business Standard

Tuesday, December 24, 2024 | 05:45 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Tatas, private equity investors in talks with BigBasket for stake buy

Firm continues to see huge traction as it enters year-end sale period

retail stores
Premium

The report on Tata Group’s plan to invest in BigBasket comes amid the conglomerate looking to bolster its digital presence

Bibhu Ranjan Mishra & Shally Mohile Bengaluru/Mumbai
Tata Group, along with a couple of other private equity investors, is in talks to invest money in Bengaluru-headquartered online grocery firm BigBasket, said reports. According to Financial Times, the Mumbai-headquartered automobile-to-technology conglomerate is looking at 20 per cent stake in the Alibaba-backed firm, apart from two board seats. A decision on this deal will be taken by the end of October, according to a report that cited a person in the know.

A Tata Sons spokesperson declined to comment on the issue. Hari Menon, co-founder and chief executive of BigBasket, also declined to offer any comment on the news. However,

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in