Tata Group could pay $700 Mn for BigBasket deal as it solidifies super app plans
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Tata Group is looking to acquire a majority stake in online groceries unicorn BigBasket to catch up with other conglomerates like Reliance, Flipkart and Amazon. This partnership with BigBasket could help Tata to bolster its digital arsenal. The development comes at a time when Tata Group’s digital venture Tata Digital is planning to launch a super app with US-based retail giant Walmart as an investor.