India: Tata Group in talks to invest for a minority stake in BigBasket

Photo: Reuters

The salt to technology conglomerate Tata Group has joined the conversations to pick up a minority stake in online grocer BigBasket, which has been looking to raise $200 million in growth capital, two people aware of the development told Mint.

“Tata group, Temasek and Generation Investment Management are in advanced talks with BigBasket. The deal size is around $200 million, which will be entirely primary capital to boost the company’s growth,” said one of the people cited above, requesting anonymity.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter