Tatas in talks to invest in BigBasket

MUMBAI : The salt to technology conglomerate Tata Group has joined the conversations to pick up a minority stake in online grocer BigBasket, which has been looking to raise $200 million in growth capital, two people aware of the development told Mint.

“Tata group, Temasek and Generation Investment Management are in advanced talks with BigBasket. The deal size is around $200 million, which will be entirely primary capital to boost the company’s growth,” said one of the people cited above, requesting anonymity.

BigBasket has seen strong tailwinds due to the covid-19 pandemic and the lockdowns, as more customers are now preferring to shop online for groceries, the person added.