• Politics
  • Business
  • World
  • Science
  • Startup
  • Health
  • Travel
  • Economy
  • Top Story
Aryavarth News
  • Home
  • Politics
  • City News
  • Top Story
  • Editorial
Saturday, January 28, 2023
No Result
View All Result
Aryavarth News
No Result
View All Result

Tata Digital acquires majority stake in BigBasket

According to the company, E-grocery has been one of the fastest growing segments in the consumer e-commerce space and its growth is propelled with India's rising consumption and digital penetration.

Tata Digital acquires majority stake in BigBasket
233
VIEWS
Share on WhatsappShare on FacebookShare on TwitterShare on Telegram

Mumbai,(Aryavarth) Tata Sons’ subsidiary Tata Digital on Friday said it has acquired a majority stake in supermarket grocery supplies private limited, the company which is better known as BigBasket.

According to the company, E-grocery has been one of the fastest growing segments in the consumer e-commerce space and its growth is propelled with India’s rising consumption and digital penetration.

RelatedPosts

Tata Digital to acquire majority stake in 1MG

‘Nonsense’, ‘Oppression’: Tata, SP Groups’ battle rages on in SC

“The current pandemic has further accelerated its adoption as consumers seek the convenience of ordering quality groceries delivered safely at home.”

In the e-grocery space, BigBasket provides one of the largest assortments with the convenience of home deliveries on preferred dates and timeslots.

Besides, it operates a farm-to-fork supply chain with over 12,000 farmers and several collection centers across India.

“Grocery is one of the largest components of an individual’s consumption basket in India, and BigBasket as India’s largest e-grocery player, fits in perfectly with our vision of creating a large consumer digital ecosystem,” Pratik Pal, CEO of Tata Digital was quoted as saying in a company statement.

At present, Tata Group is building a digital consumer ecosystem addressing consumer needs across categories in a unified manner.

“Accordingly, this acquisition presents an attractive opportunity for Tata Group in its overall vision of creating a digital ecosystem.”

BigBasket was founded in 2011 in Bengaluru and has expanded its presence to more than 25 cities across India since then.

Tags: #BigBasketTata
SendShare22Tweet14Share

Related Posts

Tata Digital to acquire majority stake in 1MG

Tata Digital to acquire majority stake in 1MG

June 10, 2021
‘Nonsense’, ‘Oppression’: Tata, SP Groups’ battle rages on in SC

‘Nonsense’, ‘Oppression’: Tata, SP Groups’ battle rages on in SC

December 11, 2020
Aryavarth News

Copyright © 2022 Aryavarth Publication Pvt Ltd.

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

No Result
View All Result
  • Politics
  • Business
  • World
  • Science
  • Startup
  • Health
  • Travel
  • Economy
  • Top Story

Copyright © 2022 Aryavarth Publication Pvt Ltd.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.