Tata group inches closer to the acquisition of Bigbasket

The Tata group is inching closer to the acquisition of Bigbasket that will put the salt-to-software conglomerate in direct competition with JioMart, Amazon India and Walmart-owned Flipkart apart from boosting its attempt to create a super-app that will offer a wide range of products under one roof.

On Tuesday, a CNBC-TV18 report said the deal has entered the last lap and it could be closed at the end of this month.

The Tatas are looking to acquire a majority stake in Bigbasket, which is amongst the largest e-grocers in the country and is reportedly valued at $1.23 billion.