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Looking to go omnichannel, BigBasket may seal deal with Tatas soon

Reports say the online grocer is in talks with salt-to-software conglomerate to sell around 50 per cent of its stake in the company for around $1 billion

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According to sources, the company is in final-stage talks with Tata Group and the deal could be sealed in a matter of days.

Samreen Ahmad Bengaluru
Online grocer BigBasket, which is in final-stage talks with Tata Group to sell majority stake in the company, could be doing this because of lack of visibility in terms of investments from large investors, say experts. 

With big players such as Amazon and Reliance making serious bets in the space and investments from Chinese players looking unlikely, the company will need serious bucks to stay in the game, they add.

According to sources, the company is in final-stage talks with Tata Group and the deal could be sealed in a matter of days.

“The competition which BigBasket faces now is with the big

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First Published: Oct 28 2020 | 1:28 PM IST

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