Tatas, private equity investors in talks with BigBasket for stake buy

Firm continues to see huge traction as it enters year-end sale period

Tata Group, along with a couple of other private equity investors, is in talks to invest money in Bengaluru-headquartered online grocery firm BigBasket, said reports. According to Financial Times, the Mumbai-headquartered automobile-to-technology conglomerate is looking at 20 per cent stake in the Alibaba-backed firm, apart from two board seats. A decision on this deal will be taken by the end of October, according to a report that cited a person in the know.

A Tata Sons spokesperson declined to comment on the issue. Hari Menon, co-founder and chief executive of BigBasket, also declined to offer any comment on the news. However,