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New Deal


Announced

Completed

Tata Group completed the acquisition of a 64.3% stake in BigBasket from Alibaba Group for$1.3bn.

Financials

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Transaction Value£920m
Consideration TypeCash
Capital Owned-
Capital Bid For64%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Completed

Majority

online grocery platform

Acquisition

Friendly

India

E-commerce

Private

Single Bidder

Private Equity

Synopsis

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Tata Group-backed Tata Digital completed the acquisition of a 64.3% stake in Supermarket Grocery Supplies, India's largest online grocer doing business under BigBasket name, from Alibaba Group for $1.3bn. “We are extremely excited about our future as a part of Tata Group. As a part of the Tata Ecosystem, we would be able to build stronger consumer connect and accelerate our journey," Hari Menon, BigBasket CEO.

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