Tata Group to buy 68% stake in BigBasket for Rs 9,500 crore: Report

India’s Tata Group will buy a 68% stake in online grocery startup BigBasket for about Rs 9,500 cr, television channel ET Now said on Tuesday, citing sources.

The salt-to-software conglomerate has been planning to launch a “super app” that will tie in all its consumer businesses, according to media reports, as it competes against Amazon.com Inc and Reliance Industries Ltd in India’s booming e-commerce market.