Tata Group Set to Acquire Majority Stake in BigBasket by Month-End, Alibaba May Exit

BigBasket’s valuation as on March this year was USD 1.23 billion and according to research platform Tofler, the company clocked revenues of Rs 5,200 crore and a loss of around Rs 920 crore. Industry watchers see the move as part of the Tata Group’s strategy to build a super app.

from Top Business News- News18.com