Tata Digital Logs Into Big Basket; Acquires Majority Stake in Supermarket Grocery Supplies Private Limited

Tata Digital Limited, a 100% subsidiary of Tata Sons Private Limited has acquired a majority stake in Supermarket Grocery Supplies Private Limited (BigBasket) – India’s largest e-commerce player in the Food & Grocery segment. E-grocery has been one of the fastest-growing segments in the consumer e-commerce space and its growth is propelled by India’s rising consumption and digital penetration. The current pandemic has further accelerated its adoption as consumers seek the convenience of ordering quality groceries delivered safely at home. BigBasket was founded in 2011 in Bangalore and has expanded…

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