Tata buys majority stake in India's BigBasket
Tata Group has acquired a majority stake in India’s BigBasket, an online grocer backed significantly by Alibaba Group and several private equity investors. It has been valued previously at around $2 billion.
Financial terms were not disclosed. Local media outlets citing regulatory filings have noted Tata is taking a 64% stake and had separately committed about $219 million to the company last week. Alibaba...
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