e-grocery

The Competition Commission of India on April 29 approved the acquisition of Alibaba Group backed online grocery seller BigBasket by Tata Sons Pvt Ltd. Reportedly, Tata Digital, a wholly owned subsidiary of Tata Sons will acquire 64.3% of a unit that handles business-to-business sales for BigBasket. Coming at a time when the e-grocery sector is at its peak due to pandemic, the conglomerate will compete with Amazon and Walmart.