Earlier this year, Dunzo, backed by Lightbox and Blume Ventures, raised $40 million as part of its Series E funding. The company is looking to raise as much as $150 million to extend its reach
While Tata Digital did not disclose the details, regulatory filings show that it has acquired 64 per cent stake in Supermarket Grocery Supplies, the online grocer s business-to-business entity
Tata gets CCI nod to acquire 64.3% stake in BigBasket s Supermarket Grocery Supplies
The wholly-owned subsidiary of Tata Sons had sought the CCI s approval for the acquisition through a mix of primary and secondary share purchase
BusinessToday.In | April 29, 2021 | Updated 13:40 IST
The Competition Commission of India (CCI) has approved Tata Digital s acquisition of 64.3 per cent of BigBasket s B2B arm Supermarket Grocery Supplies. The commission said Supermarket Grocery Supplies may acquire sole control of Innovative Retail Concepts that operates BigBasket s online retail unit. The wholly-owned subsidiary of Tata Sons had sought the CCI s approval for the acquisition through a mix of primary and secondary share purchase. This approval sets the stage for the impending battle of the giant s in the country s grocery segment that has players like Flipkart and Amazon Fresh.