Tata acquires majority stake in BigBasket
The acquisition was done through Tata Sons’ digital wing ‘Tata Digital’
BigBasket is a leading e-grocery player in India
Regulatory filings say Tata Digital acquired a 64.3% stake in BigBasket
The e-grocery segment has been witnessing steady growth since COVID-19 induced lockdowns
Tata will compete with the likes of Amazon, Flipkart, JioMart and Grofers
