Tata Sons wants BigBasket to secure up to $1 billion in external funding to reclaim its lost ground in India's quick commerce sector. The grocery delivery platform, owned by Tata Digital, has lagged behind Blinkit, Zepto, and Swiggy Instamart. Tata sees fresh capital from financial investors as a way to enhance logistics, technology, and market expansion, addressing its competitive gap. The quick commerce race in India is heating up, with Blinkit and Zepto leading the market.
Download the medial app to read full posts, comements and news.