Indian conglomerate Tata Group reached a deal to acquire a majority stake in grocery delivery startup BigBasket, ProWellTech source said. The software salt giant is buying more than 60 percent of the shares in BigBasket. BigBasket had raised over $ 720 million prior to the deal with Tata.
ET Now Indian news network reported that the two companies were in advanced talks, signs of which began to emerge in local media two quarters ago.
