Live Breaking News & Updates on சீனா அலிபாபா குழு

Stay updated with breaking news from சீனா அலிபாபா குழு. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

tata bigbasket deal: BigBasket gets first tranche of Tata cash at $2 billion valuation


BigBasket gets first tranche of Tata cash at $2 billion valuation
As part of the Tata-BigBasket deal, the online grocery has received a primary capital infusion of $200 million at a post-money valuation of $2 billion. (Illustration: Rahul Awasthi/ETtech)
Synopsis
Additionally, the Tata-Bigbasket deal has received the approval of the board of directors of the online grocery, whose largest shareholders China s Alibaba Group and Actis LLP have now exited the company.
Bengaluru: BigBasket’s board has approved Tata Group’s purchase of a majority stake (64%) in the online grocery, a person aware of the matter said. The Bengaluru-based company has also received a primary capital infusion of $200 million at a post-money valuation of $2 billion, this person said. ....

China Alibaba Group , Abraaj Group , Tata Group , Alibaba Group , சீனா அலிபாபா குழு , டாடா குழு , அலிபாபா குழு ,