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Tata Sons asks BigBasket to raise $1 bn, questions slow growth: ET
short by Mansi Agarwal / on Wednesday, 19 February, 2025
Tata Sons has questioned subsidiary BigBasket over its slow growth in the quick commerce segment and called the lag a strategic mishap, ET reported. BigBasket has been asked to raise around $1 billion from external investors to stage a comeback. Tata Sons reportedly doesn't plan to lead the funding round and has asked BigBasket to onboard a large financial investor.
read more at Moneycontrol