Tata-owned Innovative Retail Concepts, which runs online grocery platform BigBasket, has secured $131 million (Rs 1,000 crore) in funding from its holding company Supermarket Grocery Supplies, the Economic Times reported on Wednesday, citing regulatory filings sourced from business intelligence platform Tofler.
Tata Digital owns around 64% stake in Supermarket Grocery. Innovative Retail Concepts was made a subsidiary of Supermarket Grocery after Tata Digital acquired the BigBasket operator.
End the Year with a Deal You Can’t Miss!
Subscribe now and save 40% on our premium subscription.
Enjoy unlimited access for a full year at just $199 (usual price $339).
Premium coverage on private equity, venture capital, and startups in Asia.
Exclusive scoops from our reporters in nine key markets.
In-depth interviews with industry leaders shaping the ecosystem.
Offer valid for a limited time – don’t wait to unlock the insights that drive deal-making in Asia!
Subscribe nowAlready a Subscriber? Log in
Contact us for corporate subscriptions at subs@dealstreetasia.com
