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The Tata-BigBasket deal was struck by Tata Digital, which acquired 64.3% stake in the online grocery, Tata Sons says. The Competition Commission of India (CCI) had approved the acquisition in March this year. ....
Banking tech firm Zeta became the 14th Indian unicorn so far this year after raising $260 million from SoftBank and others. Tata Sons has made its acquisition of BigBasket official. ....
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. ....
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