Tata acquires majority stake in BigBasket, invests $219 million

The Tata group has completed the purchase of a majority stake in online grocer BigBasket that would pitch the conglomerate against established heavyweights such as Amazon, Reliance Industries Ltd (RIL), and Walmart Inc.-owned Flipkart in India’s booming e-commerce market.

The deal was carried out by Tata Digital, a wholly-owned unit of the Tata group’s holding entity Tata Sons Pvt. Ltd. Financial details of the transaction were not disclosed.

Separately, regulatory filings dated 27 May showed that Tata Digital had committed an investment of ₹1,591 crore ($219 million) in BigBasket, of which the e-grocer has received ₹1,116 crore (about $154 million).