BigBasket is reportedly being valued between $1.8bn and $2bn in a transaction that would give Tata Group a majority stake.
BigBasket, an India-based grocery delivery company backed by e-commerce group Alibaba, has agreed to an acquisition by conglomerate Tata Group, TechCrunch reported yesterday. Tata is acquiring a stake of more than 60% and the deal values BigBasket between $1.8bn and $2bn, TechCrunch’s sources claimed. Following the acquisition, BigBasket would look to go public as early…
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