BigBasket In Talks To Sell Majority Stake To Tata Group For $1 Billion: Report
It appears that the Tata group is looking to make similar moves as it launches its own super-app. BigBasket is in advanced negotiations to sell a majority stake in the company to the Tata Group, ET has reported. The deal, which is still evolving, could see BigBasket sell around a 50% stake for about $1 billion. It has previously been reported that Tata group is poised to launch a “super app” by December or early next year. As per reports, apart from BigBasket, the Tata group has also discussed investments in Snapdeal and IndiaMart.