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Supermarket Grocery Supplies, the owner and operator of BigBasket’s B2B business, issued 11 million fully paid-up and 4.7 million partly paid-up equity shares at <span class='webrupee'>₹</span>1,005.59 a share to Tata Digital to raise <span class='webrupee'>₹</span>1,116 crore (around $154 million).(File photo for representation)

Tata acquires majority stake in BigBasket, invests $219 million

By Binu Paul, Hindustan Times, Bengaluru
PUBLISHED ON MAY 29, 2021 07:41 AM IST
  • Filings showed that Tata Digital had committed in an investment of 1,591 crore ($219 million) in BigBasket, of which the e-grocer has received 1,116 crore (about $154 million) in the first tranche.
SGS and Innovative Retail sell food, grocery, household items, personal and beauty care products through the BigBasket app.(BigBasket website)
SGS and Innovative Retail sell food, grocery, household items, personal and beauty care products through the BigBasket app.(BigBasket website)

Tata to buy BigBasket in over $1 billion deal

By Anirudh Laskar, Mumbai
PUBLISHED ON MAR 13, 2021 03:08 AM IST
Tata Sons’ digital services subsidiary Tata Digital Ltd has proposed to acquire up to 64.3% stake in Supermarket Grocery Supplies Pvt. Ltd (SGS), which sells products to commercial units through business.bigbasket.com in the first step.
BigBasket has filed a police complaint in this regard with Cyber Crime Cell in Bengaluru and is verifying claims made by cyber experts.(BigBasket website)
BigBasket has filed a police complaint in this regard with Cyber Crime Cell in Bengaluru and is verifying claims made by cyber experts.(BigBasket website)

BigBasket faces potential data breach; details of 2 crore users put on sale on dark web

New Delhi | By Press Trust of India | Posted by Prashasti Singh
UPDATED ON NOV 08, 2020 07:52 PM IST
Cyble said that a hacker has put data allegedly belonging to Bigbasket on sale for around Rs 30 lakh.
Mint reported on May 25 that BigBasket has appointed Goldman Sachs and Morgan Stanley to help raise funds and that the e-grocer is eyeing a valuation of $2 billion in its latest round.(Bloomberg file photo)
Mint reported on May 25 that BigBasket has appointed Goldman Sachs and Morgan Stanley to help raise funds and that the e-grocer is eyeing a valuation of $2 billion in its latest round.(Bloomberg file photo)

Tata group wants a slice of BigBasket

Livemint, Mumbai | By Swaraj Singh Dhanjal and Deborshi Chaki
UPDATED ON OCT 15, 2020 08:17 AM IST
Two people familiar with the matter said the Mumbai-based conglomerate may in the first step join the ongoing fundraise of Alibaba-backed BigBasket, which is looking to raise around $200 million in primary equity infusion.
A delivery worker of Zomato, an Indian food-delivery startup, waits to collect an order from a restaurant, during an extended nationwide lockdown to slow the spread of the coronavirus disease (Covid-19), in New Delhi.(MAR)
A delivery worker of Zomato, an Indian food-delivery startup, waits to collect an order from a restaurant, during an extended nationwide lockdown to slow the spread of the coronavirus disease (Covid-19), in New Delhi.(MAR)

E-commerce firms begin buying Covid insurance cover for delivery workforce

Livemint, New Delhi | By Anirudh Laskar
PUBLISHED ON JUL 20, 2020 05:47 AM IST
E-commerce firms Flipkart, Amazon, Zomato, Swiggy and BigBasket are among firms working to instil confidence in workers who are critical for their operations.
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