https://techcrunch.com/2021/02/16/tata-group-reaches-agreement-to-buy-majority-stake-in-bigbasket/

Indian conglomerate Tata Group has reached an agreement to acquire a majority stake in grocery delivery startup BigBasket, a source familiar with the matter told TechCrunch.

The salt-to-software giant is buying over 60% stake in BigBasket, valuing the Indian startup between $1.8 billion to $2 billion, the source said, requesting anonymity as the deal is still private. BigBasket has raised over $750 million prior to the deal with Tata.