From IndiaMart to Big Basket, Tata eyeing stakes in e-commerce companies

Deliberations are at an early stage and there's no certainty Tata's pursuit of the assets will result in transactions, the people said

Tata
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Tata’s digital platform will center around an all-in-one e-commerce app that aims to bring disparate online businesses of its entrenched consumer units under one umbrella.

Anto Antony and P R Sanjai | Bloomberg
Tata Group, India’s conglomerate that sells almost everything from cars to apparel and steel, is seeking to buy Indian online retailers to beef up its presence in e-commerce, people familiar with the matter said.

The group has reached out to IndiaMart InterMesh Ltd., a business-to-business marketplace, for a potential stake purchase, the people said, asking not to be identified as the plans are confidential. IndiaMart’s shares have surged 142% in Mumbai this year, giving it a market value of about $2 billion. Supermarket Grocery Supplies Pvt., commonly known as BigBasket, is also among Tata’s potential investment targets, one of the people

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First Published: Oct 15 2020 | 12:17 PM IST

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