Tata Digital Acquires Majority Stake In BigBasket

<p><strong>New Delhi: </strong>Tata Digital Ltd on Friday acquired a majority stake in BigBasket, which is the best online grocery store in India for daily needs of the people.</p> <p>Tata Digital CEO Pratik Pal said &ldquo;grocery is one of the largest components of an individual&rsquo;s consumption basket in India&rdquo;, adding &ldquo;Bigbasket as India&rsquo;s largest e-grocery player fits in perfectly with our vision of creating a large consumer digital ecosystem&rdquo;.</p> <p>&ldquo;We are delighted to welcome Bigbasket as a part of the Tata Digital,&rdquo; he said in a statement.</p> <p>Hari Menon, the CEO of Bigbasket &ndash; which has expanded its presence to over 25 cities after being founded in 2011 in Bengaluru &ndash; too expressed his delight with this new agreement.</p> <p><strong>READ:</strong> <strong><a href="https://ift.tt/3i0AVVq" target="_blank" rel="noopener">Paytm IPO Launch: Board Meets Today To Approve India's Biggest Issue; Check Details Here</a></strong></p> <p>&ldquo;We are extremely excited about our future as a part of Tata Group. As a part of the Tata ecosystem, we would be able to build stronger consumer connect and accelerate our journey,&rdquo; PTI quoted Menon as saying.</p> <p>Stating this acquisition presents an attractive opportunity for the company in its overall vision of creating a digital ecosystem, Tata Group in a statement said it is building a digital consumer ecosystem addressing the needs of consumers in a unified manner, adding online food and grocery is an important part of this ecosystem.</p> <p>The deal assumes significance as e-grocery growth in in the country is gradually increasing amid lockdowns and curfew courtesy the second wave of the Covid-19 pandemic.</p>

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